Archived
Does a single member PA LLC doing business entirely out of state and owned by an out of state resident have PA tax liability?
E.'s answer
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Answered on April 03, 2013
ou will be responsible for an annual filing fee. In terms of income tax, the LLC itself does not pay any income taxes. All income taxes would be...
Archived
What is a Federal Tax Lien and is a child responsible if the only living parent passes?
E.'s answer
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Answered on April 03, 2013
Let's start with your last question first. You are not personally responsbile for "all the emergency medical bills" or any other bills for which...
Archived
IRS withheld over $3,000 of our refund this year claiming my wife received unemployment in 2010 that she in fact did not receive
E.'s answer
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Answered on April 03, 2013
Consider seeking assistance from the IRS Taxpayer Advocate. There is an advocate in every state. Just search at www.irs.gov
Archived
What is the address to mail my OIC form?
E.'s answer
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Answered on April 03, 2013
According to IRS Publication 656B, the address for those residing in Hawaii is
Memphis IRS Center COIC Unit
PO Box 30803, AMC
Memphis, TN ...
Archived
My husband is $40,000 dollars in debt with the IRS. He's scared, I'm scared. We don't have the money to pay it off.
E.'s answer
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Answered on April 03, 2013
If you can and are willing to pay off the debt in 6 years, the IRS will set you up into an installment agreement. Just call them and tell them...
Can a employer make me show proof of tax exemption?
E.'s answer
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Answered on April 02, 2013
You do not have to show proof unless the IRS has "kicked back" your W-4, in which case he would have a document from them to show that his request...
Archived
My bro in law gifted to his daughters his oil royalties. he didn't file a 709 to declare it, The exemption was 1 million.
E.'s answer
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Answered on April 02, 2013
If there is a debt, it will be that of your brother in law. If it can be shown that the transfers to his daughters were fraudulent transfers in an...
Archived
Don't know how to report a 1099 B
E.'s answer
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Answered on April 02, 2013
I agree with Mr. Raff. However, let me go a little further (being that I am also a CPA). If you receive a 1099-B for the sale of 100 shares of...
How does the 1099K apply for a taxi driver that receive cards payment less 20k for the year.
E.'s answer
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Answered on April 02, 2013
I don't have all of the facts here. But, you should see a CPA. Let me take a stab at how this may be going down. Your starting point is your...
Archived
I formed an LLC last year in Florida. I listed my mother as a member, if i remove her now, how does it affect 2012 taxes
E.'s answer
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Answered on April 02, 2013
Mr. Potter gives some good advice. Follow it. See a CPA or a tax attorney. On one hand, you tried to use your mother to "shelter" your debt from...