Do I have to pay taxes on a trust fund I haven't inherited yet?

Even though you may not be receiving the principal balance of the Trust (known as the "corpus") you may still have taxable income on the earnings....

I own a business and the building. I would like to remove the building from the business and perhaps create an LLC.

The answer depends on how your present business is structured. It might be difficult to transfer from a C Corporation to a LLC without tax...

Who can release a Schedule K in an LLC?

First, the K-1 is calculated and part of the 1065 US Partnership Return. The accountant who prepares the return includes the K-1 as part of the...

Will the IRS intercept my tax refund

Yes, the IRS will apply your refund to any balances due for previous years. If it is a large amount, you should consult a good tax attorney. I...

Formed an LLC using Maiden name and SSN

Using your maiden name is no problem Your attorney can have your maiden name and married name in the operating agreement and resolutions. It is not...

We run a small business. A disgruntled customer who we refunded, left an extremely harsh review on one of our Social Media page.

Rather than a lawsuit, you need to hire a good social media expert who can help you with this. That is usually more effective. I hope this helps!

First, negotiation depends on the franchisor. SOme are totally inflexible and it may be a "take it or leave it" scenario. Most, will do some...

Tax / Structure question Corporation owning part of a General partnership.

I don't like the partnership. It probably should be a llc. Please retain a good tax lawyer.

What corporate form shall I take

Most likely the LLC would be the choice. It is easier and you do not have to file an 1120S. There are so many reasons that go into making a wise...

How to form a LLC to protect your assets?

It depends on the type of business you have. A LLC can be the first line of defense. You need a good tax and business attornet.