We are an LLC that oversees a mobile app. Do we have to submit foreign qualification taxes in every state our app is used in?

If income is derived from activity in a particular state, then tax will be due in that state. Unfortunately, the law has yet to catch up with...

What difficulties can I face when transferring money to the US?

There generally isn't a problem with transferring funds to a bank account in the US. When you arrive in the US and become a tax resident here, you...

How many times can the federal government re do you income tax in one year

Not really possible to answer without knowing more specific facts. You should consult with a CPA or tax attorney if you need specific advice. In...

TAX question on FBAR

1. No, the FBAR is just a reporting requirement. No tax is due with the FBAR form, however, if there is taxable income from a foreign account, you...

How to report loss for investors of a C Corp?

A C-Corp shareholder is generally not in a good position when the corporation loses money. The only two options for recognizing a loss are either...

Question on IRS Publication 594

If it is really a worker's compensation settlement and it is finalized, then no, they cannot collect on that. If they are trying to do this, you...

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I made a racial discrimination complaint against my manager while i worked for a tax preparation company. The district manager

Most Small Claims Courts are limited in what kind of cases they can hear and an employment law/retaliation case probably falls outside of their...

How can anyone learn the dollar value of the tax deduction for the 1938 tax year for donation of a vital records collection

You would need to ascertain the value (as of 1938) of the donation and the donor's income, as a deduction would be limited by income. Then apply...

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What type of tax professional should I go to?

You can go to a tax attorney or accountant (CPA). Since you have state/local issues, you should choose someone who is licensed to practice in CA....

I am a foreigner and would like to own a business in the US. Do I need a social security number?

You do not need a Social Security Number to open or operate a US business. The main restriction is that you cannot work for the business (you can't...