Is it true that when tax audit ends and all tax owed paid off, there will be no sound proof?

States often operate more informally than the IRS and often when an agreement is reached it is not on a "standard form." It may be merely evidenced...

Small Business Tax Advise

You should capitalize the costs and amortize the various renovations (ie, you should not expense this as a deduction). Buildings typically have a...

Is it possible to amended an incorrectly filed 1040 (joint return) to a 1040NR after the 3 years SOL has passed?

It is entirely possible to amend a return after 3 years have passed, and doing so will open that tax year for examination with regard to the...

I moved overseas, but am still paying Virginia state taxes, is there any way out of this!?

If you did not earn the income while working within the boundaries or an office/business in Virginia, the state should not have a right to tax the...

I make 28000/year and I want to take out 6000 from my 401K

You might consider the option of borrowing against the retirement plan instead of taking a withdrawal. This would avoid a few undesirable...

The qdro is being processed in my name but i dont know what to do with it to avoid taxes and penalties

You need to talk to a financial advisor and/or tax attorney asap to see what time if any you have left to roll the funds into another qualified...

As administrator you have a fiduciary duty to pay the taxes, bills, etc. If you distribute assets to beneficiaries of the estate, those...

We noticed possible tax fraud during our discovery of the defendant's business records.

You can pursue it but leveraging that as a means to coerce the other party into giving you information could be considered extortion. It would...

How do we get the state of Ohio to stop sending us these notices and get us off their radar?

I have dealt with this before. Your best bet is likley trying to get someone on the phone (a live breathing employee!!!) at the Ohio Dept. of...

How to move small business from NJ to MD with out loosing the business History and Fed Tax Id

If you have a partnership you should not lose the Tax ID number by simply moving your principal personal or business location to another state....