Am I required to file a Form 5471 if I am doing business as a sole proprietorship in another country?

Yep, you may need to file it. Non-filing has some severe consequences such as the assessment of offshore penalties under FATCA and unlimited...

The issue here is the poorly drafted operating agreement from LegalZoom. DC's PLLC statute generally defers to professional bodies as far as the...

Tax deduction for medical expenses?

No, this is not a valid deduction. Medical expenses can only be claimed by the taxpayers or their dependents, not for other persons. Even then,...

Will I go into an audit?

The forms you were asked to file are for complaining about a tax preparer or reporting fraud. You'll need to go through the process of amending and...

Can I open a business in US without SSN? need (EIN, Tax ID) I have a tourist visa.

You need to consult with an attorney who has experience in international business and has helped non-US persons set up companies in the US. There...

Just curious

No. Look in to credit monitoring or a freeze if you think your number has been stolen.

After filing FATCA related forms, how can I know how much taxes will be collected on Foreign Assets?

The FATCA forms (8938 Statement of Specified Assets, or 3520 Trust Transactions / Foreign Gifts) as well as the FBAR are for informational...

Tax Debt consolidation

There is no such thing as settling for pennies on the dollar with the IRS and anyone who promises this is fooling you. If you have been assessed...

How should I proceed with reporting a business for tax concerns?

You'll want to review the information the IRS has on whistleblower claims: https://www.irs.gov/uac/whistleblower-informant-award To get things...

With respect to starting a business, which is more advantageous from a legal and tax persepctive, a sole proprietorship, or LLC?

You would want to speak to an attorney in MD or DC about your plans. I think the default would be to set up an LLC in the District, but the tax...