With a buy/sell agreement on the table, will I be held liable for CURRENT outstanding tax/rent/etc debts if I sign?

RUN! RUN! RUN! The question is not "whether you will be liable". Rather, the question is, what are the odds you will be named as a defendant in...

This presents two primary questions: (1) are the damages paid by the agency (to you or your attorney) taxable income and (2) can you deduct the...

How do. I check if my cpa filed my 2016 return?

Your CPA is generally required to file returns electronically, but he or she must first obtain your signature approving the return and electronic...

DO NOT, I REPEAT, DO NOT hire a CPA or an accountant or speak to your current or former CPA or accountant at all about ANYTHING. Preparer and CPA...

Should I form a PLLC or an SCorp?

That is a common but a little bit of a complex question for federal tax purposes. If you are going to start any business, you should have a quality...

How would I be penalized?

Marital status is determined at the end of a tax year. For individuals, that is usually 12/31. If you get married on 12/31, you are "married" for...

If it is the same corporation or LLC or other entities with one or more DBA's you do not need two federal tax id numbers. That is the federal tax...

Depending upon the situation, you might be better off incorporating or organizing an entity in a different jurisdiction to minimize or avoid NY...

I keep getting a phone call telling me that the IRS has filed a no available arrest against me. What does that mean ?

I agree with most attorneys' posts except the statement "the IRS will never call you". Never say never. If your collection case is assigned to a...

What do I need to do in order to safely receive large amounts of money (in form of loans?) from family members overseas?

To be blunt, if you want it to "look legit", this certainly doesn't "look legit". Just saying you want it to "look legit" sets off alarm bells. You...