Saint Louis, MO
Tax Lawyer at Saint Louis, MO
Practice Areas: Tax, Mergers & Acquisitions ... +3 more
I agree with the other comments that you should take corrective action. In addition, I would point out that the statute of limitations doesn't run...
In the simplist case, if you just sell your C corporation shares, you recognize gain equal to the amount realized on the sale less your basis in...
With regard to your specific question, assuming your father's ex-girlfriend had foreign real estate and cash in a foreign bank account, she likely...
In general, a resident alien is taxed much like a US citizen. You should consult with someone to confirm your specific situation, but typically as...
I agree with the other comments- you should contact a tax attorney to assist you. I would add just a couple of general comments. You mention you...
I'm sorry for your loss. You mention he was the "sole" member-- if this is the case the LLC was disregarded for tax purposes (i.e., it should not...
I agree with the other attorneys. The partnership agreement should provide how to handle a partner that wants to withdraw. I would note, too,...
You didn't note whether you had an attorney or CPA advisor who helped with your earlier settlement. I don't see where writing and setting forth...
I would refer you to Internal Revenue Code Section 280A as it sounds that in your situation you cannot take a loss. There are many unanswered...
I agree with Charlotte. In general, a settlement received for physical personal injury is not taxable while one that is received for non personal...
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