S Corp lost A LOT of $ last year, do I still need to pay myself salary?

You are not required to pay yourself a salary since you have such a large loss. In order for you to qualify for benefits, such as health insurance...

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No. If you name is J.M. Smith you can use that as your business name without it being a fictitious name. For example, I practice as Ronald J....

How should we create a mutual fund type vehicle for our team members to share in the equity we receive from startups?

You need a tax and business lawyer to set up the appropriate entities for you. Most likely you will need a LLC holding company and various other...

Please do not include your wife in the business unless she is going to be actively involved in operating it. Why expose her to potential liability?...

Should I see a lawyer about incorporating my business into an LLC or are companies that offer incorporation packages okay?

In my experience, 80% of the time people who use the services or try to do it themselves through the state's online website, do it improperly....

Real property went into estate. then transferred to LLC. Do we have to close the estate ck account and open LLC ck account? NJ

You should open a bank account for the LLC. Rents and payments should be made throught the LLC account, not the estate. Please make sure your LLC...

What are the tax consequences for a buyer and for a seller of a C corp including assets? Are these two separate transactions?

Unfortunately, the Buyer of the Corporate stock does not get a step-up of the basis inside the corporation. Because of the double tax issue, the...

What kind of taxes do I need to pay on a rental investment?

You will need to file a 1040 and Schedule E for your rental property. I hope this helps! Ron Cappuccio www.TaxEsq.Com 856 665-2121

Does a bill of sale prove ownership of property or does a property tax bill show proof of ownership of property?

Neither. You need a recorded deed to demonstrate ownership. You should get a local real estate lawyer to do a title search and find out the...

Does it help or hurt couples file separate taxes, use different last names and separate bank accounts?

I think that it is very wise to have separate accounts. It is easier to control and better for estate planning purposes. That has nothing to do...