IRS crime unit investigation

It sounds like a scam. IRS Criminal Investigation Division usually shows up at the door. Just in case, you should immediately contact a tax...

I just formed a SMLLC. I'm wondering if I should fill out IRS form 8832 to be taxed as a corporation?

Electing as an S corporation is not a wise idea. Unless your business has a large amount of capital equipment, the income is generated from your...

Would business mileage be on sole proprietor schedule c or the LLC schedule c. It was on the sole proprietor for 9 months?

You would show it on the Schedule C when you were a sole proprietor and the Schedule C for the period you operated as a LLC. Since a LLC is a...

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This is not a good idea for tax and liability reasons. If you were a single member LLC disregarded for tax purposes you would file a Schedule C on...

What state should I register my LLC in?

You can have your tax and business lawyer form a LLC in any State for an online only business such as what you propose. Usually, your attorney will...

Wisconsin DOR pursuing Florida software company with no presence in the state for income taxes, how to defend against this?

You obviously need good tax counsel! You need to expect that many States are attacking businesses to collect more money. They are not concerned...

Why did you withhold tax from the independent contractor? This could create an issue with the independent contractor believes that he is an...

Does foreign national need ITIN/SSN to be a part of LLC/LLP?

First, a person does not have to be a US resident or citizen to set up a LLC. In this case you would set up the LLC and the foreign person could be...

Is it illegal for an employee to use their personal merchant credit card service to take money from a side business?

It does not sound illegal but it does seem like it would violate the employee's terms of employment. Also, if the employee fools customers into...

My husband runs his business shabbily and slipshod. It is his business, not mine. Can I be implicated if he is charged?

First, do not file joint returns with your husband. File Married Filing Separately. If he is audited, then you will not be part of the...