Questions answered by E. Martin Davidoff

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What happens to my taxes if my compnay does not generate any money for the year

E.'s answer | Answered on August 24, 2012

Generally, I agree with previous answers. Frankly, you should seek counsel of a CPA or tax attorney. You should NOT being airing your facts in...

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Do I need to inform IRS and pay taxes if I get money transfer from my mother who lives oversees and is a foreign citizen?

E.'s answer | Answered on August 24, 2012

Depending on the amount of the gift, you may have to inform the IRS. See form 3520 and instructions thereto. You do not have to pay taxes if the...

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Can 501 (c) (3) organization be legally liable if they turn down services to clients who has no income?

E.'s answer | Answered on July 16, 2012

Anybody can file a legal complaint. The question is whether it is valid. Non-Profits can set their own standards in accepting clients/customers...

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Questions on taxes my son owns an apparment in miami florida i help him with the dutties and he nelps me for helpping him. cocer

E.'s answer | Answered on July 16, 2012

Your question is really quite unclear. If your son is attempting to rent the apartment, he should be able to take a deduction for the loss he is...

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How can I get my amended tax returns if the accountant who prepared them wont give them to us

E.'s answer | Answered on June 13, 2012

If the accountant is a CPA, you can make a complaint to the State Board of Accountancy in your state. Also, preparers are subject to discipline by...

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IRS tax Crminal division

E.'s answer | Answered on May 23, 2012

You need to contact a criminal tax attorney in Southeast Florida who has extensive experience with the Criminal Investigation Division. You should...

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Let's say in WA state a lender takes the non-judicial approach. Is the left over debt considered income for taxes by IRS?

E.'s answer | Answered on May 22, 2012

If you are insolvent, the forgiveness of idebtedness income will be non-taxable. See IRS Publication 4681 for details. Good luck. Marty

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I am a self employed; with a single owner S Corporation will I be able to deduct Health Insurance costs with IRS?

E.'s answer | Answered on May 22, 2012

If you incorporate you will be able to deduct health insurance. You need to be an employee and the health insurance needs to be acquired through...

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Will I or my fiance get taxed for the money?

E.'s answer | Answered on May 19, 2012

Your fiance will not be taxed on your gift to her. However, if you give her more than $13,000 in any single year before you are married, you will...

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"S Corporation" v/s full time un-reimbursed business expense deductions

E.'s answer | Answered on May 19, 2012

Truly, the best manner to deal with this is by engaging the consultation services of a good tax attorney or CPA. There are a lot of factual...

E. Martin Davidoff's Answers (1160)

What happens to my taxes if my compnay does not generate any money for the year

Do I need to inform IRS and pay taxes if I get money transfer from my mother who lives oversees and is a foreign citizen?

Can 501 (c) (3) organization be legally liable if they turn down services to clients who has no income?

Questions on taxes my son owns an apparment in miami florida i help him with the dutties and he nelps me for helpping him. cocer

How can I get my amended tax returns if the accountant who prepared them wont give them to us

IRS tax Crminal division

Let's say in WA state a lender takes the non-judicial approach. Is the left over debt considered income for taxes by IRS?

I am a self employed; with a single owner S Corporation will I be able to deduct Health Insurance costs with IRS?

Will I or my fiance get taxed for the money?

"S Corporation" v/s full time un-reimbursed business expense deductions