I have a CD that is coming due in June. I want to redeem it and gift the money to my son and daughter. The amount each would

If any of your children are married then you can do a joint gift (you and spouse) to child + spouse which will let you exceed the 28K limit if...

I lost my home this summer for not paying the taxes. Can I get it back? How and how long do I have to do it?

I presume you are talking about real estate taxes due the town. When you say "lost" do you mean the town sold the home at auction? These are...

Can my son demand that he claim himself on his taxes if I have a court order stating that I can claim him?

All depends on whether or not you are providing for more than 50% of his living and maintenance costs for the taxable year in question.

As a non resident/citizen, owning of a "holding company" LLC: do I need an ITIN?

Under your facts you would need an ITIN and will be taxed on your allocable share of the LLC Net profits allocated to you on K-1. Since your LLC,...

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My brothers formed an LLC. They bought the HELOC loan that was on my house from the bank. They are now 4clsing. Is this legal?

First issue is whether the bank had a right under the HELOC agreement to transfer, sell or convey the debt to anyone other than a secondary...

Final stage of divorce, suddenly wife wants money in my business account at time the divorce was filed. business is llc.

Your facts beg more questions because not enough known here. However, the fact that you say the business is anon-marital asset implies there is a...

Once an offer of company % is made, how long do we have to wait before moving on?

The first question is whether you have a shareholder agreement. I assume the is? The second question is does the shareholder agreement contain a...

Report the tax fraud to the IRS as you can collect a finders fee from reporting such actions. In addition, you have damages from the delay inn...

What type of business entity should an individual owner with a home based custom jewelry business be formed to?

Either an s-Corp or LLC. More facts about you personally and the nature of your business and whether you planned to borrow money or bring in...

LLC is closed now, Collection agency is calling for a missed payment?

Unless you or cousin were guarantors of the debt or signed as co-borrower then you need to do nothing as the only party the plaintiff/creditor can...