Can I still elect S-corp for 2022?
Yes - see Rev Proc 2013-30 for procedures to file late S Corp election. You can get copy of Rev Proc 2013-30 online at IRS.gov. You may want to...
Houston, TX
Tax Lawyer at Houston, TX
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Yes - see Rev Proc 2013-30 for procedures to file late S Corp election. You can get copy of Rev Proc 2013-30 online at IRS.gov. You may want to...
As you describe it, you are a US Resident for income tax and must report your worldwide income on your US tax return, including gambling income and...
Your siblings might be able to structure the sale so that you would get your share of proceeds less your share of taxes owed, as the real property...
There is a $50 late fee for franchise tax returns. You can file a Hearing request, but you won't be able to win the appeal.
You might want to check with your tax return preparer or CPA to prepare MFS and MFJ returns, as usually a MFJ return results in less tax. If you...
Why - could be there was no will, and per the property tax code, property passes to the heirs who become liable for the taxes. If there was a will,...
You need to respect the corporate formalities or else you could risk the limited liability of both LLC's. Also, transferring money from one LLC to...
You need to resolve the issue of the mobile home lien. If the mortgage is paid, you should get a release from the original sellers. You may need to...
You may have to file a return based on your estimate of what you were paid. You may be able to verify a payment amount by your bank deposits.
You should file your own return, married filing separate, and claim the children as your dependents, if you qualify under the rules for claiming...