You should show the paperwork of you situation to a tax attorney. There are many items that a sharp eye may notice that you do not. You have...

LLC: only income in 2013 was $300 from a bank as a promotion. I did not fill up Form 1065. What should I do?

Consider walking away from the LLC. The cost of preparing returns and potential penalites imposed by the IRS will likely exceed the cost of...

My business is being aduited by the its. What should I do?

For sure, meet with an attorney or CPA. If you have significant unreported income, an attorney would be preferred as you would have...

LLC or Scorp? State FL Does it make sense to go for an S-Corp vs. an LLC? Taxes, benefits and other implications.

You are on the right track with your considerations. Hire a good CPA and run the numbers to make your decision. There are advantages to each type...

Are long term disability insurance payments reportable to IRS?

You need not report non-taxable disability insurance on your tax return. The simple answer to your question is "No".

Consequences of contempt of court, for tax filing.

For us to provide you a better answer, please advise when your divorce was final and which year you are filing joint taxes for. Thanks.

My assumption is that you are a paid tax preparer and I am answering based upon that assumption. She cannot slam you with a defamation lawsuit as...

Title company reported fraudulent payment to the IRS.

I agree with Messrs. Peak and Walton. In addition, note that a form 1099-MIsc is not definitive. It is a mere presumption that you received the...

Do I have to follow up tax audit with IRS on regular basis?

I would seek counsel from an experienced tax attorney. You are playing with fire here and should give all the facts to an attorney in person. The...

Are comps to performers taxable?

Gift Cards would be taxable. In the employment context see IRS Publication 1693, for which I have provided a link. Generally, income from all...