What kind of attorney do I need?

The only issue I see is where the LLC owner is reporting interest under her own tax ID, which may be perfectly fine (in fact, correct) if the LLC...

Can i apply for the irs vcsp even if I recently had to let the misclassified worker go.

How do you know that they are probably going to reclassify this person? Whether they have acted or not is very important. The VCSP is unavailable...

As a E2 visa holder, do I need to pay taxes in the US on my worldwide income?

If you are entering the U.S. on an E-2 visa, your tax residency status will be determined by the substantial presence test. The test is a bit...

How do you determine an owners capital contribution when it is a family member and bot actual cash, property or services

You should have a CPA give you advice on this. If the person is just receiving shares or a membership interest with no contribution, then their...

An IRS levy is about to be placed on my bank account. Is closing the account or removing most of the funds illegal in any way?

It is clearly fraudulent conveyance, 26 USC 6901. You should hire someone to deal with the IRS problem you have, don't create more for yourself.

Receiving remittance as gifts from parents and grand parents

You have a situation that hits on one of the areas in international tax where the rules and guidance are not settled. The general rules for gifts...

Selected as the best answer

Is investing in Canadian cannabis companies legal?

While there are any number of measures to legalize cannabis within the U.S., it is still considered an illegal substance at the Federal level. If...

You can't really file a 1040X to amend your return in a way which would challenge an already assessed IRS deficiency. You could file one to amend...

I have a question related to stock loss related to tax.

The general rule is that an unused capital loss carries forward in to the next tax year and may be used to offset gains. Up to $3,000 of the loss...

Can I sue a tax preparer?

Maybe. You'll need to look for a consumer protection or tax attorney in your local area. The first thing to do is make sure your return filed with...