Archived
Started LLC in 2014, haven't done anything with it. Using it now, after name change..can I write off startup expenses in 2016?
Kenneth's answer
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Answered on June 09, 2016
It depends on the expense, some have to be depreciated (i.e., taken over a period of years), others can be expensed. You should get a tax preparer...
Archived
Can the IRS come after X for unpaid taxes which are not his?
Kenneth's answer
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Answered on June 09, 2016
X needs to retain tax counsel. You can use the Find a lawyer feature above to search for someone who can help.
Archived
Is it typical to obtain a Foreign Business License/business registration in order to obtain an investment from a firm in the UAE
Kenneth's answer
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Answered on June 09, 2016
I'm not exactly sure what you are asking. If a company were investing in another company, I would imagine that they will want to make sure that the...
Archived
In Illinois, is There Any Way to look up a Business's Tax Id number, or Verify If they Are Paying State Corporate Income Taxes?
Kenneth's answer
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Answered on June 09, 2016
The company itself could, but tax information is generally private, so a state is not going to release taxpayer compliance information in a FOI...
Archived
What if I sell my house abroad, should I pay tax for both governments from the revenue?
Kenneth's answer
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Answered on June 09, 2016
Whether you would be taxed on the sale of the house abroad in the foreign country depends on the country. As a US citizen, you may be liable for...
Archived
Do i have a case
Kenneth's answer
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Answered on June 09, 2016
I am not sure from the above exactly what you did, but it appears that your tax refund went to someone elses bank account, possibly at your...
How should a foreign national fill out IRS 83b election?
Kenneth's answer
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Answered on June 09, 2016
Given the time deadlines behind 83(b) elections and the fact that they need to be done correctly, you should retain a tax attorney or CPA to help...
Archived
Filing 2015 tax returns for divorce-in-process
Kenneth's answer
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Answered on June 08, 2016
You are legally still married for purposes of tax year 2015. You can file as married filing separate and include only income you receive on the...
Archived
Is it true that by law, the IRS has to cancel any liens they may have on my person if I do not have any assets ?
Kenneth's answer
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Answered on June 08, 2016
Mr. Zelinger described the situation perfectly. A lien from the IRS applies to assets you may have now, if any, as well as any assets you may...
Archived
Who is responsible to determine the correct FICA tax status?
Kenneth's answer
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Answered on June 08, 2016
If the company did not withhold FICA taxes, the IRS will have a record of the taxes not being paid and can seek to collect the unpaid taxes from...
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