I agree with the other attorney's statement that, generally speaking, there are two reasons for an LLC: tax and limited liability protection. ...

Are the costs for a 24 hour live in aide a tax medical deduction?

It is true that essential medical care is "a medical expense" giving rise to a medical deduction. I question whether all "cooking, laundry and...

Can I sell my complexes do 1031 exchange for a house, rent it for few years and move in later? Do I need to pay back tax?

While this may be possible and, assuming you agree, could be explored with a local tax attorney, I agree with the other attorney who stated,...

Who pays income tax for a rental property? My family member who gets paid from the LLC or my LLC that operates the property?

I believe you need to employ a local CPA to assist you. You may be foregoing legitimate deductions (i.e., taxes, depreciation, interest,(,etc.). ...

I get an anonymous recording call saying that the IRS IS filing a suit against me. Is this legitimate?

I agree with the other attorneys who believe you are a victim of a scam. This is solely for informational purposes and should not be relied upon...

How much money can I give my wife as non-taxable gift.

Assuming both of you are U.S. citizens residing in this country, you can make gifts excludable for Federal Tax purposes to each other. However, I...

Looking for advice on a career as a Tax Attorney. What other areas of law would compliment Tax Law?

I suggest you attempt to do well in law school and , afterwards, seek a position with a trial office of the IRS. I must warn you that these...

Designer/Consultant asking for cash instead of check to save taxes?

I question whether you wish to get involved with another person's "suspected" tax fraud. As one of the other attorneys correctly stated, he may be...

Can my wife give tax free gifts of $14000 to anyone.

you and your spouse can give jointly a total of 28k to anyone in a single year. Unfortunately, I do believe that giving monies to others who, in...

Is it possible to file for or ask the IRS for an extension in 2014 if you have not paid taxes in the previous 5 years?

I agree with the atty who suggests you employ a local tax atty as soon as possible and that you seek to avoid further communications with respect...