How should a Partnership elect to be taxed if the intent is to put growth before profits?

A GP is a partnership for tax purposes, there is no way to elect a different form of taxation (Sec 7701 elections apply to entities like LLCs). The...

Does my 18 year old daughter have to pay for gym contract in Germany now that she is back in US?

What you are asking about is a matter of German law and not U.S. law. Avvo is predominantly a U.S. law forum. You need to speak with someone who is...

In the United State Tax Court. Tax Court Rule 36(a) the Respondent has 60 days from the date the petition was served to reply

If you are trying ot do Tax court litigation without legal counsel, stop and hire an attorney to take this over right now. You will cause far more...

In the United State Tax Court. Tax Court Rule 36(a) the Respondent has 60 days from the date the petition was served to reply

If you are trying ot do Tax court litigation without legal counsel, stop and hire an attorney to take this over right now. You will cause far more...

A friend of mine let a friend use my personal information to work what penalties will he receive if caught?

Well, your "friend's" issues are not really important here, the potential that you may have criminal liability is important. If you allowed someone...

How do taxes work when you come into money from a trust?

You will need to hire legal counsel specializing in trusts and estates as well as tax. The reason is that the answer to your question is highly...

The question as presented here is a little ambiguous, so you will need to contact someone directly to get a more straightforward answer. The...

I received a tax bill for $19,000 for an incorrect 2013 tax return. What are my options?

You should visit with a tax professional to get them to look at the notice sent by the IRS and your return. If the return is truly in error, or the...

What's the IRS address to get tax record transcript s. Thanks.

You cannot get transcripts online at the moment due to security issues that the IRS had with the "get transcript" online service. To get a...

How much taxes does a foreigner have to pay?

Depends on the specifics of the transaction and whether the family (or current owner) is a US tax resident at the time. A sale may incur gains tax...