What legal documents must be signed if my mother sold me a store and the corporation?
I would agree that many issues arise within the context of your question. Should you obtain a business attorney, he/she will endeavor to examine...
Lake Orion, MI
Business Lawyer at Lake Orion, MI
Practice Areas: Business, Tax
I would agree that many issues arise within the context of your question. Should you obtain a business attorney, he/she will endeavor to examine...
The IRS sites, referenced below, are very informative regarding the sale of your "main home" as they, of course, capture nuance that can be...
No. You might wish to refer to the following IRS Website regarding gift tax:...
Consult with your divorce attorney; the QDRO (Qualified Domestic Relations Order) will be determinative and should include a resolution to custody...
First, may a rental property be placed into an LLC? Yes, this may be done; at issue, of course, might be the purpose and alternative entities to...
Ultimately, the responsibility for the return is with the taxpayer. Self-employment tax, as noted, is associated with an LLC and often a Schedule...
I respectfully suggest that a wife might look to equity rather than Dower in a matter similarly situated. At issue might be how, why, and when...
Should there be interest, actual or imputed, it will trigger income. Income from Abroad has incurred increased scrutiny (See Publication 525) and...
Seek a real estate/business attorney.
As implied, expressed in the first answer, there are issues at the corporate and the shareholder level with respect to this transaction. At the...