Archived
I want to drown an a Corp in mass with legal and tax questions. Who wants my cash? I'm a 49% shareholder. THANK you.
Kenneth's answer
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Answered on February 21, 2016
I have no idea what you mean by drown a Corp, but I assume you have some tax or business issue you want to discuss. Attorneys are not allowed to...
Archived
Is this plan going to create a tax nightmare?
Kenneth's answer
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Answered on February 19, 2016
Yes, it is a bad idea. First, you will be comingling funds between your personal and business accounts which can result in losing liability...
Archived
Where will my income be Taxed? India or USA?
Kenneth's answer
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Answered on February 19, 2016
The LLC will be subject to tax in the U.S. since it is a U.S. entity. A bank account for the LLC in India would probably be taxable in the U.S. and...
Archived
How should I show my income without a 1099?
Kenneth's answer
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Answered on February 19, 2016
You report the income on Schedule C of form 1040 (if it was income you earned as a contractor and should have received a 1099 for). You don't need...
Archived
Type of Atty to draft agreement of sale & what about taxes? I dont know if I need tax, real estate, or family attorney or combo?
Kenneth's answer
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Answered on February 18, 2016
You need a real estate attorney. You can use the Find a lawyer feature (above) to search for someone in Texas. There really isn't a tax issue here...
Is the LLC subject to estate and inheritance taxes.
Kenneth's answer
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Answered on February 18, 2016
The owner/member's estate would be liable based on the value of the membership interest in the LLC. If the person was a resident of NJ, their...
Archived
How can I an American citizen partner up with someone outside the U.S in an Internet business? LLC?
Kenneth's answer
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Answered on February 18, 2016
You need to contact an attorney to help set up your business, as involving non-U.S. persons raises some special issues. There is no problem having...
Archived
What speciality of tax attorney should I use for a potential lawsuit settlement? Or just CPA?
Kenneth's answer
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Answered on February 18, 2016
You will want to make sure that the attorney handling the settlement is working with a knowledgeable CPA or tax attorney. The important point is to...
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Archived
How do I get the tax amount corrected and lien removed from my credit ?
Kenneth's answer
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Answered on February 18, 2016
You would need to contact the Virginia Department of Revenue regarding the lien and ask about settling the amount or challenging the assessment....
Archived
What should or who should I contact to help me in this?
Kenneth's answer
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Answered on February 18, 2016
It is not really clear whether you started as a W-2 (employee) or 1099 (contractor). If your employer received a classification decision from the...
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