What are the tax implications for receiving funds from an online business?

This can be done a little differently than you propose. Probably, your cousin will need to set up an entity and there will need to several...

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Former Employer stated he will not send my 1099 in my name. Is this legal?

Unfortunately, I believe the company is correct. The 1099 needs to be issued to the payee, in this case, your wife. The other suggestion of filing...

Just asking is there any legally mistake to stand beside a store like walmart and sell some of my stuff ?

That is private property so you cannot sell on their property. Also, you would need a business license in many towns. It's a poor...

Would it be considered tax evasion to move all profits from an LLC to an S Corporation as a "Management Fee"?

No, it does not seem like tax evasion. Nevertheless, this is very poor tax planning. You need to talk to a tax lawyer immediately to restructure...

What will be the tax on 60,000 I got from my third of the sale of my grandma’s house ?

If you are referring to your personal income tax, probably not much. You need to find out from the Estate the date of death value of the home. If...

Im geting a new roof for my house Im paying $10,000 cash,do I get a tax break next year,? Can I claim it under expenses?

No, the roof on your home is a personal expense and is not deducted. Since it is a repair, even though a replacement, it does not add to the basis...

How much rental income can one make before reporting to taxes?

You need to report the income even if you otherwise would not have to file. You would file this as part of you 1040 Schedule E....

Errors and omissions question

Since Florida does not use escrow companies in these transactions and rather uses title companies and attorneys, there probably is no escrow on the...

I have a question about not having received 1099 for my business. How do I report my business revenue, how does IRS know that?

Your client is correct. They do not have to file a 1099 for a corporation. In order to make your accounting simpler in the future, if you received...

It appears that you did not have an attorney form your LLC. That is unfortunate as it appears that you have made several mistakes. First, you...