My boss asked me to put their business under my name, it is a pcp, what negative impact will this bring to me? Or is it ok?
Do not do this -- you will be engaging in tax fraud, which is illegal.
Columbus, OH
Tax Lawyer at Columbus, OH
Practice Areas: Tax, Estate Planning ... +3 more
Do not do this -- you will be engaging in tax fraud, which is illegal.
Agree with Mr. Jaap. Nobody on this forum can advise you without first reviewing the trust document. Also, if you do not have an attorney to...
If the money was yours to begin with, you should not owe any income tax. However, the transfer of foreign funds into the U.S. will have to be...
There are strict regulations for reporting transfer of funds into and out of the US, and the penalties for non-compliance are SEVERE. Do yourself...
If you are in arrears in your child support payments, you have both a moral and a legal obligation to make your payments and get current. If you...
It is not at all clear what you are asking about. However, if a response or a payment is required, you would be wise to consult an attorney: ...
It doesn't sound like you will have to pay tax on the income. However, you will have to report the transfer of funds into the US. Since 9/11...
It sounds like you are trying to do this without an attorney: BAD IDEA!! However, if you don't have an attorney, check with the U.S. Tax Court...
Let me get this straight: you have "friends" who just "give" you more than $20,000 in gifts in a year? Please introduce me to them --- I would...
You will get far better results if you have professional representation in dealing with the IRS. The 433F is a complex form and should be...