I am looking to start an online business providing services such as, but not limited to, web development, web design, professional photography, audio technology services, graphic design, and web hosting. We would be based out of Virginia, but do ...
An S corporation for income tax purposes will be a good place to start as you can receive a salary and the rest is paid out to you in dividends and about payroll taxes. You may want a service company to operate in a state with no income tax and have fees paid to that corproation to reduce income tax.See question
i am a full time care giver for my mom who had a stroke. i have 2 older sibling who visit once a week trying to tell me what to do and threatening to take her away. years ago my mother add my name to her checking savings account, she told compani...
You need a durable poer of attorney to take care of your mther's finances and a heath care directive to make the medical decisons. You also need a written agreement for you to get the house. Also be wary in case an action is started to open a guardianship for your mother and take her away. A Revocable Trust would be a good idea to avoid probate. You did not mention Medicad\id planning but that may facor in also.See question
is this legal for to do this?
The first question is why the change over. If the change is just to avoid probate and not change the flow of assets contrary to your father's intent that may be fine. Watch out if the assets are highly appreciated as that change over may eliminate the step up in tax basis. Second marriage situations are difficult and good commication is required to avoid issues.See question
Nothing to say!
yes as you are flirting with criminal sanctions.See question
if someone is self employed in NJ, does he have to pay a self employment tax, and does he have to pay disability and unemployment tax on his income?
Self employment tax is a federal tax and applies to all states including Jersey.See question
I know that LLC's don't pay taxes to IRS but that the income or loss is passed on to owners. So for the sake of this question, let's consider this: I start a NJ LLC and I am the only owner with 100% ownership and in the first year I make ...
If you do not take any further action, the entire amount of income will be taxed on Schedule C of your 1040; you will also incur payroll taxes. You could elect to be taxed as a corporation: either as an S or a C.See question