I need advise on how to proceed with my current state of debt.

I would add one additional point to the discussion regarding bankruptcy: if the taxes you owe are income taxes that the IRS assessed against you...

LLC (to be taxed as partnership) to be formed in Florida or NY or NJ?

First, will you have a partner or co-owner in this LLC? If you will be the only member in the LLC then the LLC will not be taxed as a partnership;...

Tax IRS What is the appropriate way to bring cash into the US

Since your father-in-law is neither a US citizen or resident, there is no US gift tax due on the gift to you and your wife - although here I am...

W4 Allowances?

Very, very bad idea. You can claim more allowances on the W-4 than you would get just by following the worksheet, but if you end up backloading...

Illegal alien tax id

An illegal immigrant who is working in the US must file a US tax return and to do so must request an ITIN (individual taxpayer identification...

Can a drug store in the state of Pennsylvania tax candy?

Almost certainly. Sales taxes are state, and sometimes locality, specific; however, as a general matter, in almost every state that imposes a...

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Tax implications in investing in Canadian Equities or interest income

On one level, relatively simple: your friend will have potential taxable income (or losses) that he will have to report on his US income tax...

I have corporate papers stating I am the 100% share holder of a S-Corp.

You would be best served to seek competent corporate and tax counsel immediately, whether you sell or not. If this corporation was an...

Paying a specialist contractor who is abroad

You really should have posted this as a tax-related question. Provided the work you pay for is germane to your corporation's business, then it...

Iv been married. For a year. my husban own his home before we got married.iv is over and we listayed with him paying bills taxes

I agree with Ms. Raddatz; you need to consult with counsel asap. I answered this question on your double-post as well; for convenience, my answer...