File 941's and 940's with "0" amounts. This will start the statute of limitations on audits and collections. Any buyer will demand that all tax...

It is nice to give the car to your son. You did not state his age but check with your auto insurance broker to make sure the rates will not jump....

I worked for marketing research company and there are no taxes being taken out of my pay?

It sounds like you are being treated as an "independent contractor." This is perfectly legal and you should receive a 1099s in January for your...

Tax Regulation

A person who is a green card holder means they have to file annual US tax returns and are subject to worldwide income tax. There are some changes...

Hopefully, you have a good operating agreement between the members. If you do you can have restrictions on how distributions are made and to whom...

Would Tax Avoidance a Crime?

Yes, the intentional failure to pay can be a crime. This is not a good question to post online! Please talk to a tax Attorney so you have...

I formed an LLC. Could I be an independent contractor (1099-MISC) for a Staffing Firm or should be an employee (W2) for them?

New Jersey is a very difficult State when dealing with the Employee/Independent contractor issue. Depending on what you do, it may be possible to...

A State Tax refund is considered taxable income. You did not report it so you have to pay the tax, penalty and interest. You would save yourself...

Sole Proprietorship vs. LLC - Online Business

Because you are not yet married, you present a good question. For simplicity sake one of you should be the sole owner. A limited liability company...

Yes. You would have a single member-managed LLC. Get a good tax and business attorney to set this up right. Good luck in your new...