Orlando, FL
Tax Lawyer at Orlando, FL
Practice Areas: Tax, Business
It sounds like you received a letter from the automated under reporter unit. basically a W@ was missed in the return and the computer ran your...
The IRS typically has 10 years on the statute of limitations on collection which starts from the date the tax is assessed. Assuming the return was...
Student loan holders, like the federal government are allowed to offset defaulted loans against tax refunds. You should contact the lender and see...
Even if you are only paid at the end of the year, royalty income is still income and you are required to make quarterly estimated tax payments...
It sounds like you already consulted with an attorney on this matter. Unfortunately, this happens all the time. If ex-wife was not entitled to...
You will want to make sure you had family coverage for the full year and also reach out to the insurance company to verify. Paystubs are also a...
Cryptocurrency is a property asset like any other. Transferring it to a single member LLC at formation would not be a taxable event.
I agree with Mr. Young. It depends on how the LLC is structured, and how the loans are structured. You cannot negotiate out you or the business...
Yes, you should report it. You can report it on schedule C or you can report it on the "other income" line. But it is always better to report it...
If you took out your retirement early and there was no withholding, you not only likely owe taxes on it but also a 10% early withdrawal penalty. ...
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