If I sell an LLC to someone else do I have to pay taxes on the sale?

Ownership interest in an LLC is an asset. If you sell it for more than your basis you will have a taxable gain on the asset just like you have a...

How can i get answers about my Federal income tax refund?

If you have a hardship need for your refund it is best to contact the taxpayer advocate. Contact a Local Taxpayer Advocate (LTA) in...

Mortgages in and of themselves do not affect basis. Simply put basis equals purchase price plus acquisition costs plus the costs of improvements. I...

Looking for B to B attorney?

That is pretty broad as tax law has many sub specialties. AVVO has a find a lawyer tab. what are the issues you need addressed.

I own the IRS $21.000?

Those ads you here about usually involve expensive fees because those ads are very expensive. From what I've seen they waste time and money trying...

Can the IRS take my cash out refinance for tax troubles my husband has from before we were married ?

No they cannot put a lien against you or take money out of YOUR account. Do not have a joint account with your husband unless you want to lose the...

Are Social Security benefits susceptible to collections for IRS arrears??

It should not affect your benefits if you are not jointly liable for the taxes. The IRS can garnish 15% of social security benefits each month....

Most likely a mistake since it looks like he didn't run that last check through the payroll system. The payroll system take the numbers and creates...

How long can a city in Michigan request to file a city tax return?

Don't be perplexed, file the tax return. Use your best recollection and knowledge to fill in for missing documents.

No they can not. Everyone is responsible for paying their own taxes. withholding is estimated. This is why you have to file at a tax return