The prior attorney offers sound advice. The only points to add is that your son may have to pay taxes if he sells the partnership interest if he...

Tax exempt organizations are requred to file Form 990 with the IRS, so there activities are open to the public. So you may want to go the the IRS...

As a beneficiary on my dad's will how are the taxes supposed to be paid on the distribution money I've received?

It depends on the character of the distribution. For example, if what you received is income in respect of a decedent (IRD), things like an IRA,...

Can my ex-husband claim any tax breaks on our mortgage?

If you have been paying the mortgage and the taxes, you are entitled to the tax deductions related thereto. He needs to expend money to get the...

My husband and i are in the middle of divorce he is disabled and has no earned income only ssi. we are filing a joint return is

There is no clear cut answer here since the divorce court will make the final determination. However, your position should be that the refund...

Do I have to file Married Filling Jointly in order to get the EIC for kids?

It is very rare that married filing separately results in less taxes than married filing separately. However, it really depends on the particular...

Copies of tax returns.

Here is the tough reality for you. The statute of limitations does not begin to run until you file a tax return. So if they are claiming you...

If you are the custodial parent you probably have control over this situation. He cannot claim the child unless you sign a Form 8332. For the...

Creditor's right to invade and seize assets of an LLC or FLP

In most states, creditors can not seize the underlying assets of LLCs and FLPs simply because they have a judgment. You are also correct that in...

The prior attorney offer sound advice. However, you should really be cautious about adding investors to your business. Many times this is a big...