The tax return Will show joint income on each income line. Your wage and income transcripts from the IRS will show individual income reported to...

What am I aloud to write off as a business owner of LLC construction company

You need to hire a tax planning specialist. You need to be proactive and tax efficient in they way you operate your business. You should find...

I want to quick claim deed my condo to my son and family (total of 7).

This does not sound like a good idea at all. I don't know what exactly it is that you are trying to accomplish but I am sure there is a better way...

If I, as the bookkeeper, enters personal expenses as business expenses, am I liable?

Technically you would be aiding and abetting tax fraud and could be found guilty of tax fraud.

Tax on Rollover from one 401K to the other?

Generally a Trustee to Trustee transfer does not require any withholding. Retirement plan rollovers ae not considered withdrawals and are not...

Do we need to tell our lender for a VA Home loan that we are on a "uncollectable status" for our federal taxes?

You need to truthfully answer, to the best of your knowledge, the questions asked during the application and approval process. You do have...

Are small businesses taxed based on revenue, gross income or net income?

If you operate a business and are not taxed as a partnership or corporation, then the income and expenses are reported on a Schedule C which is...

Hello if I owe back Personal taxes and if I form a llc , can the city or the state take that money thx ?

Are you being due the settlement or is your LLC due the settlement. If the settlement is due to you, personally, and you take an affirmative act to...

Can social security penalize me for working overseas even though I paid into social security for 20 years?

You really do need to consult with an attorney. The U.S. has a Totalization Agreement with the U.K. so your facts and circumstances need to be...

I have not filed a return since 2008 ... I want to catch up ... The gov won’t allow me to file unless all are done at once ...?

You need to get into tax compliance. Normally that means the past 6 years of tax returns. Can be more years if you have a Revenue Officer chasing...