Real estate capital gains of 1.5milllion-other than 500,000 exclusion& reinvesting in real estate, any ways to avoid CG tax?

You could avoid/defer tax using a 1031 like king exchange. There are not enough facts presented to consider an option. With this large a...

Taxes

Generally, one could use form 1040 schedule c which is what a sole proprietor would use or person using a single member LLC that has not ever filed...

Selected as the best answer

Is a savings account income for an LLC.

The interest on $200 is how much for the year? Less than a dollar? You should check with a professional to consider your options.

I was paid under table from a job, the employer refused to give me a 1099 tax form, what should I do?

I don't think you need the 1099 to report the income. If you operated without an entity, as a sole proprietor, you could report earnings on form...

Business taxes if you have no activity

Partnership late filing – IRC 6698 – The penalty is $195 for each person who was a partner at any time during the tax year, for each month or part...

I have a question regarding Federal Tax Exemption for U.S. citizens living in Puerto Rico.

The answer to your question is much more complicated than that. Obviously before doing this, you need to hire a tax attorney well in advance. For...

Should I report my past employers to the IRS for tax fraud? They kept two sets of books for cash patients-this was 15 yrs ago.

As indicated, this is not something to discuss outside of an attorneys office to ensure confidentiality. This should not weigh heavily on your...

Did internal revenue have right for Tax collection knowledge federal employee caused to & harm public fraud and Deceived

Since you're in Alexandria, I recommend searching for a government tort lawyer near you or in DC or MD. Should be many. Use AVVO.

Selected as the best answer

You can ask for a tax transcript and the taxing authority will provide proof of filing and /or verification of non filing of a return.

US taxation of foreign-source income from CD (savings account) held in overseas financial institutions

Income was in fact realized, just because the person does not transfer the money or use it is irrelevant under federal tax law in this...