Archived
Which type of legal business entity/structure would be more convenient for tax purposes, considering I’m not a US citizen.
Kenneth's answer
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Answered on June 29, 2016
You will need to speak with a tax attorney who is familiar with international issues. There are a number of options available for non-residents to...
Archived
Can a California LLC that has elected S Corp tax treatment own shares of a domestic C corp or of a foreign entity?
Kenneth's answer
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Answered on June 29, 2016
In some cases an S corp can own shares in another corporation, but there are restrictions (i.e., percentage of ownership, sole ownership, etc.)....
Archived
How can I get my income tax money back
Kenneth's answer
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Answered on June 23, 2016
You would need to call the card company to verify that there is a balance available on the card. It should have a number to call printed on the...
Archived
Do I need to inform any tax or other regulatory authority if I receive an inheritance?
Kenneth's answer
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Answered on June 23, 2016
There might be an estate tax issue or reporting requirement depending on the amount of assets involved. Estates of non-residents with US assets are...
Archived
Can and should I consider suing H&R Block for gross negligence and incompetence?
Kenneth's answer
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Answered on June 22, 2016
You should hire a tax attorney to handle what is now an IRS problem. They may be able to help you reduce the bill or at least make sure you are not...
Archived
How can I force my ex to reimburse me for back taxes that are his responsibility per our decree taken from my refund?
Kenneth's answer
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Answered on June 22, 2016
Other than getting another attorney to write more letters, your only real options are to evaluate an innocent spouse relief claim with the IRS or...
Archived
Can we take the 121 tax exclusion on the sale of our house?
Kenneth's answer
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Answered on June 21, 2016
You should speak with a tax attorney or CPA with more detail about your situation and see if there is anything they might advise to lower your tax...
Archived
Self Directed IRA needs to file a lawsuit
Kenneth's answer
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Answered on June 21, 2016
You need to search for and hire an attorney in your area. Getting involved in a lawsuit involving an IRA issue is not something that will end well...
Archived
Will it be safe for me to file my 2015 tax return since I overstayed visa?
Kenneth's answer
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Answered on June 21, 2016
For a more concrete answer, you should pose this question to an immigration attorney.
As far as the IRS goes, they have no real way of...
Archived
Estimated taxes on disbursements as a single member LLC elected to be taxed as a corporation
Kenneth's answer
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Answered on June 21, 2016
For most small and medium sized business, making a corporate election is the wrong thing to do. The reason is that choosing to be an association...
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