Will i need to pay IL income tax if i have an online website that is registered in Nevada (LLC ) that generates money from AD's?

Amongst other things, if you are running/managing the website from Hoffman Estates, you will be required to pay IL income tax regardless of whether...

How far back can the state go on taxes(La).

The statute of limitations vary by state. However, the federal govenment and states can usually go back as far as they want for unfiled returns. ...

Starting a non-profit LLC in Illinois to provide affordable housing for low-income families. Do I need an LLC or LLC Series?

The tax consequences of not qualifying as a tax exempt org. from the beginning is huge, not to mention not being able to solicit tax deductible...

How are property taxes of a home sale prorated between a new buyer (non senior) and the estate of a senior citizen at closing?

It depends on whether the attorney review period has closed or not. if so, that the taxes should be prorated at whatever the contract says. The...

Can I pay back overpaid child tax credit in installments?

If you don't have other issues with the IRS, I don't see why they shouldn't allow you to pay on installment. However, the bigger issue is not...

Depends on what kind of audit. Are you worried about an audit of the 709 or an income tax audit? The filing of a 709 will likely not, by itself,...

Spouse inheritates money before the marriage, this money is in the spouses name only. The couple marries, some of this money is

Even if the house is titled solely in the inheriting spouse’s name, and not jointly, that house may nonetheless be considered marital property if...