Is it legal for me to purchase a small business from someone via numerous "gifts" of $16,000?
We don't know what is really going on in this scenario, but the smell is far reaching. This is far from the normal way to do business, and I have...
Atlanta, GA
Tax Lawyer at Atlanta, GA
Practice Areas: Tax, Business, Estate Planning
We don't know what is really going on in this scenario, but the smell is far reaching. This is far from the normal way to do business, and I have...
If you got your "approval" in your email, whatever that is, that might be all you can expect. The Secretary of State does not issue a license for...
This can be a complex legal area. You will have to take that agreement and consult with an attorney to give you an opinion as to whether, and to...
"Under the table" implies that you will and others will not be properly reporting a transaction. That is always illegal. However, nothing is...
Their reputation in general is very bad. Why not use a professional if this is important to you?
It is probably still too soon to expect the refund.
You have done the right thing. Perhaps an attorney will be able to push the case along better, but there are no guarantees. I have had many 3949...
We can't give you a definite answer online, without knowing all details of your tax situation. But, in any event, there must be a true business...
What exactly will she be gifting you if she can't afford it? This is confusing. Where will the $350,000 come from?
Mr. Wildes is correct about IRS Form 3949-A. However, be forwarned, that in the majority of cases that I have been involved with using this form,...