Presuming you are a Single Member Disregarded ENtity for tax purposes, the income and expenses pass through to you individually whether or not they...

In order to grab more tax money, former Governors championed the elimination of the "No Asset Dissolution." So, you now have to technically file...

What tax steps do I need to take as an online business based in Austin, TX?

You should immediately retain a good tax and business attorney to form your business properly. A Limited Liability Company is probably the best...

Frankly, this seems a little odd. Please arrange a consultation (even by phone) with a good tax attorney to help you with this. Good...

No. However, you could have given the items to your friend and your friend could have given those items to your friend would've had the same basis...

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Can you use a business name that exisit but expired and not in business

It may be possible since the name is expired. Has the business moved? I checked Google and there are a lot of New Day Cafe's. You should talk to...

What taxes does one pay, if he is loaned, per a written agreement, $300k is the loan.

No. A loan is not taxable income, The interest your brother pays to your mother is taxable income to her. I hope this helps! Ron Cappuccio

I want to start a US branch of a business that 2 of my Canadian friends started in Canada. What is the best way to incorporate?

The LLC might be a solution for you. The advantage of this is you could be treated as a pass-through entity and your Canadian members could have a...

Since you did not recognize income of $53,000, you cannot claim the loss. You should check with your original attorney to see if there is a...

How to get rid of unwanted time share in Florida?

Charlotte has given good advice. My only supplement is to make sure you get a release. Finally, someone may be interested if you list it on...