Can I run all income and expenses for writing a book through an LLC even if I retain the copyright?

Assuming the intellectual property law works out, and I don't know why it wouldn't, there is an interesting tax problem to deal with. Are you and...

Are there any tax consequences from receiving a loan?

If you receive this as a gift your cousin will have to report any amounts over $14,000 on a gift tax return, but probably won't have to pay taxes...

Tax filing during separation

I agree that generally it's better to file married filing jointly. However, if you have concerns about his willingness or ability to pay his...

Can i sue ex for half of taxes we owed and irs took out of mine and my new wife tax return? I've already paid 3k and hasn't

Your wife may be able to file an Injured Spouse claim to get her portion of the refund back, see the link below. In the future you may want to...

My mom in Utah, owns condo, Nevada. If gifted to me will she incur taxes or increase her income tax obligation?

There are two limits on gifts that apply and they have different requirements and consequences. One is the $14,000 annual exclusion. It completely...

I need help to remove Business Lien from an LLC I was a member of which has been listed on my personal credit report.

This is difficult to answer without getting into the details of the LLC such as when you owned it, when you sold it, and the details of the tax...

Earned income tax audit

Tax controversies with the IRS are too complicated to give you good advice without looking at your documents and your interactions with the IRS....

Haven't paid taxes on owned Colorado property in years.

I'm sorry to hear about your troubles. You should review your situation to find out exactly what is going on. Has the government sold your...

Can I receive a gift of $14,000 from someone and then, in turn, gift $14,000 to that person's special needs trust?

Who is the source of this money? Why aren't they giving it to the trust directly? If the answer to that second question is "to avoid taxes" then I...

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A family member who owned an S corporation in Maryland passed away 3 years ago. How do you find out if the corp. owed taxes

You said the estate has already been closed, was the S-corp part of that or was it newly found along with the time share? If the S-corp was already...