Although I do agree with Mr. Lyon, I would recommend that, for no other reason than you want to leave open the possibility of bringing in a...

Changing LLC Profit Sharing %

In addition to these two very good answers, when you meet with your tax advisor (and you definitely should) please discuss the requirement that you...

Is there anything I can do to reduce the garishing from IRS and PHEEA from my Disabililty pymts?

I don't know what PHEEA is, but if it is a federal institution, it can garnish your wages, as can the IRS. Unless you are intentionally hiding...

My church is being challenged with a large property tax bill after a new purchase. Can you help?

I agree that it does not sound right. If a mistake was made in the tax digest, perhaps it only needs a simple fix. If Dekalb does not know it is...

You have your statutes of limitation a bit confused----but it's easy to do. First of all, the DOR must assess you within three years. If they...

Father made me joint owner on several of his bank accounts 2-3 years ago and just died. Does gift tax apply here?

This is an excellent question, with, unfortunately, no immediately clear answer. Research would need to be done to get closer to a reliable...

My business is in Georgia but my client is in Michigan, what State's Limited Power of Attorney Laws do I use?

Although it may sound simplistic, why not get both a Michigan and an Ohio power of attorney? They are not mutually exclusive. If the...

Is it illegal to underreport the sales price of a business?

Your "friend" is not quite on his way to jail just yet. Both buyer and seller will have to report this transaction on this year's tax return, down...

Should I register two more names under one corporation's name ?

You CAN do it, but whether you should is a different matter. I almost always advise my clients to put separate businesses into separate...

On a divorce settlement agreement, do I need to be concerned with the verbage on the income tax part that states: if either part

You need to be concerned with why your divorce attorney let such terrible language get put into the agreement. The resulting tax bill, of course,...