Reporting Nanny compensation on 1099MISC

Generally, you can't 1099 your nanny for federal income tax purposes. Doing so may be a red flag for audit. You have to issue a him/her a W-2 and...

What laws should I consider when holding a silent auction/raffle?

There are way too many issue to describe in this forum. You should seek out a not-for-profit attorney in your area. Where will the donations go? ...

With the beneficiaries on your IRA accounts be mute when your will states otherwise..You want others to inherit that money or do

IRAs will be transferred in accordance with the IRA beneficiary designation, and not in accordance with the will. The will, for the most part, has...

I have a LLC registered in 2012. It is inactive. Do I need to pay Federal or State tax?

Generally speaking, you don't need to file a return unless you have earned revenue during the year. You must start filing income tax returns when...

Required Minimum Distributions for decedent twice-removed?

Once the IRA becomes an Inherited IRA, the required minimum distributions (RMD) become locked down for the remainder of the IRA based on the first...

Does the IRS take into account personal situations and events when you are negotiating back taxes going back to 2006?

The IRS does have an Offer In Compromise program where taxpayers can settle their IRS debt for less than the outstand amount. Whether your offer...

What forms do I need to fill out to change sharing tax exemptions for children post divorce?

Unfortunately, it will not be as easy as filling out an IRS form. You should contact your divorce attorney. If you have custody of your children,...

How do I petition(w/out attorney) Chesterfield County Circuit Court to have my uncle removed as executor of my fathers estate.

If money is an issue, call the Chesterfield County Bar Association for the number to any local legal aid services for low income families. ...

You have presented a complex set of facts. You will likely need to hire an attorney to make any headway. Depending upon your relationship to the...

Increase in Tax Notice - What should my next step be?

Will need more information, but based on what you described, what was reported on your income tax return did not match the IRS's records. In...