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Ronald J. Cappuccio's Answers (3707)

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Archived

What do I need to do to fight a tax liability the IRS believe I owe?

Ronald's answer | Answered on October 22, 2016

You are citing the typical problems with TurboTax and similar programs. I suggest that you immediately consult a tax attorney. You may have a...

Archived

What options do I have with a tax resolution office

Ronald's answer | Answered on October 21, 2016

Frankly, these tax resolution companies are actually high-powered marketing companies. You would be much better off hiring a tax attorney that...

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How to count the years.

Ronald's answer | Answered on October 21, 2016

The statute of limitations for audits is normally 3 years from the date of filing or the date the return was due, whichever is later. If the amount...

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When I write IRS and don't hear back can I consider their lack of communication an IRS holding?

Ronald's answer | Answered on October 21, 2016

Of course not! Depedning upon what the issue your are addressing, the IRS can claim they did not receive it (even if Certified Mail!) Please engage...

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If you have an LLC and want to start an online business with a different name can you somehow out that business under that LLC?

Ronald's answer | Answered on October 21, 2016

I am not totally sure of your question. Your LLC can have an Alternate Name. It sounds like things are a little confused and I suggest you engage a...

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Is and LLC (single member / disregarded entity) required to have and maintain a banking account separate from a personal account

Ronald's answer | Answered on October 21, 2016

The LLC's should have a separate bank account in case of audit. If everything is commingled it is a tax and liability issue. If the LLC owners want...

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Delaware C-Corp Dissolution and Franchise Tax?

Ronald's answer | Answered on October 21, 2016

You are describing the problem of the do-it-yourself approach. There are very few reasons to set up a corporation that does not have an S election,...

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Do I purchase land personally or as my LLC?

Ronald's answer | Answered on October 19, 2016

First, and LLC that has an S Corp. election may not qualify simply holding real estate. The reason for that is that it is not considered a trade or...

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Does a NJ single-member LLC (treated as disregarded entity for federal tax purposes) need to pay an NJ $150 partner fee?

Ronald's answer | Answered on October 19, 2016

Single-member LLCs pay a $50 annual fee to the New Jersey division of revenue. I hope this helps! Ron Cappuccio

Archived

How to open a business account for a company that is registered in Delaware and has business address abroad?

Ronald's answer | Answered on October 19, 2016

This is a frequent and difficult problem for business owners who are not US citizens and do not reside in the United States. The problems caused by...