Do profits get shared pre or post depreciation?
It depends completely on your operating agreement. However, if every tax/book item, including depreciation, is shared in the same ratio, then it...
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It depends completely on your operating agreement. However, if every tax/book item, including depreciation, is shared in the same ratio, then it...
Your question doesn't make much sense. What, exactly, are you trying to work out?
That is wholly up to the business deal between the members of the LLC. Depreciation is a tax/accounting item, and it goes into computing book or...
That's the way it works. If you win a settlement, then you are taxed on the full amount and, subject to some limitations, are usually allowed a...
Unless a court orders you to turn over your tax returns no debt collector, attorney or not, can get your tax information without your...
Make sure that you don't file joint returns with him and make sure you don't own joint assets together with him. If you own a house that is...
Generally speaking, yes. If you're a resident of Utah when you receive the withdrawals, then you generally owe tax on all of your income wherever...
If you still owe unpaid child support, then yes, it is very likely that your tax refund will be intercepted and applied to your unpaid child support.
Most likely yes. However, if you don't file a return, you won't get it either, and you also won't get any credit for it against your back child...
That means that your taxable income is likely to be low enough that even without claiming your child as a dependent you are likely to owe little or...