Archived
Do I need to file taxes for my registered LLC business even if there were no employees nor revenues made since registration?
Eric's answer
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Answered on April 27, 2016
You may be required to file a Personal Property Tax Return with the State Dept. of Assessments & Taxation, even if your business does not have...
Archived
Production of Salary Slips, Income Tax Returns, etc. Which Rule ?
Eric's answer
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Answered on April 26, 2016
Were any of the income tax returns from the past three years joint returns? If so, you can get account transcripts from the I.R.S. ...
Archived
Can I give my ssn that's says not for employment at dmv for privilege card ?
Eric's answer
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Answered on April 26, 2016
There is a lot going on here, but I understand that you are trying to get a driver's license in Delaware. On the Delaware paperwork to get a...
Archived
Must the school pay sales tax on catering of the banquet?
Eric's answer
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Answered on April 26, 2016
I can't speak to the specifics of Minnesota law, but generally, most states grant some sort of an exemption from sales and use tax where a charity...
Archived
What do I do about the IRS? I am a single mom living paycheck to paycheck, & the IRS is scaring me to death.
Eric's answer
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Answered on April 26, 2016
It sounds like you may qualify for free help from a Low-Income Taxpayer Clinic. These clinics are staffed by volunteer lawyers and law students to...
Archived
How do I report this error to the IRS?
Eric's answer
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Answered on April 24, 2016
To build on what ahs already been said:
1) Keep copies of all letters and notices coming in and going out.
2) Anytime you speak to the IRS on...
Archived
Recently I went to tax court and the Judge has made an Order for Re-Characterization of petitioner's Stipulation of Facts
Eric's answer
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Answered on April 22, 2016
Like my colleagues, I am not sure what your question is. I think you need a lawyer. If you do not think you can afford one, you may qualify for...
Archived
What percentage of employees may be officers? Must officers be paid (nonprofit)? Can they be paid profit share exclusively?
Eric's answer
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Answered on April 22, 2016
I strongly suspect any sort of "profit sharing" arrangement with officers, employees, or anyone would violate the Rule against Private Inurement...
Archived
What type of business formation should I start? Should I start two LLCs? 1 for flipping 1 for RE agency? what about taxation?
Eric's answer
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Answered on April 22, 2016
For risk management purposes, yes its a good idea to have a business entity of some form, one for each business activity. The advantage to most...
Archived
Can my ex wife claim an Injured Spouse Allocation for a tax refund as Marital property?
Eric's answer
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Answered on April 22, 2016
I am assuming the time your ex-wife had to contest your claim to the IRS and the Tax Court has passed, and the IRS' decision to grant your relief...
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