I'm trying to form an LLC engaged in wholesale tobacco.

It really depends on your overall financial situation and your business and personal tax goals. Entity law does vary somewhat from state to state,...

I am looking to organize my business into an LLP or a Professional Corp., but I am unclear on the pros/cons of each type.

You might consider an S-Corp if allowed under California law, but you should contact an attorney in your state to discuss the best entity for what...

I want to know if my start up nanotechnology company should be an LLC, S-Corp, C-Corp?

To use and S-Corp the owners must be US citizens and a few other US entities can own S-corps (for instance a parent S or C corp could own an...

If you have been separated and filing individually then that is not probably not going to give rise to the IRS taking actions against you and...

Taxes on our land hasnt been paid for 5yrs on property we are buying and almost have it paid off

Make a consult with an attorney to review the documents related to your previous purchase if you cannot figure out whether you had escrow set up to...

Foreign spouse's child tax

You will need to get a taxpayer ID number for the child to properly claim him as a dependent on a tax return as that number is required...

Will I owe capital gains on my condo that was gifted to me by my father?

If you sell the condo and are not a US resident there is an additional tax issue you need to be aware of. You may be required to do a 10%...

Divorce Decree says I owe half of IRS debt but IRS has now granted me Innocent Spouse Relief. Can Ex take me back to court?

You will need to get the contract for the divorce decree modified as both attorneys previously commenting astutely pointed out. The IRS has...

How much of a 130,000 dollar inheritance from a 401 k can I receive without paying penalty taxes.& how long until I receive it

Talk to the financial institution administering the plan and get required minimum annual distributions set up. This should avoid penalties and...

Is there any way for me to stop the Department of Revenue from taking my joint tax return for my husband's child support...

Your best bet is working out an agreement by calling the DOR and having them agree not to take the return by agreement. Hiring an attorney to...

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