I've discovered a more relevant solution to my situation referencing withdraw of retirement funds.

Donald's answer is on point. Also, if there are no tax savings, setting up this structure and managing it would be quite costly.

Can I get in trouble for my ex's unpaid taxes?

If you file married filing separately, or if you were never married, if you file single, then you are not responsible for her unpaid taxes. She,...

Taxes for Money Made From Surveys and Mock Defense Trials

It would be part of your income and you should get 1099-Misc forms to use to report the income. You should be making estimated quarterly tax...

If I obtained a business license and tax id# to start my own business and never actually started it yet, do I have to file taxes

Depends on the type of business entity and tax structure of the business. If you have an S-corp, you would need to file an 1120S return and it...

Does S-type and LLC formation occur at the same time?

An LLC can typically be a pass through entity (reporting on schedule C of your 1040) if it is owned by a single member, an S-corp, or a C corp, or...

How can I sell my LLC in Texas?

There may be a business broker in your area who tries to match buyers of businesses with sellers. You should have your own business and,...

You need to tell your partner that you two need a written partnership agreement drawn up because right now, if he owns the business on the...

Can I file taxes as 1099 if my employer mistakenly did not withhold federal and state income tax?

You should talk to your employer about his or her duty to withhold federal taxes and report with a W-2. The IRS takes employee misclassification...

Can I endorse his name on our refund check from the Federal Income Tax?

If the check is made out to both of you, you can sign it and deposit it. If it is made out to him, you cannot sign his name since that would be...

Does brother have any rights to reimbursement for property tax he has paid?

Consult with a Florida estate and probate attorney about this. One major consideration is that mom isn't dead yet and her opinion matters more...