Archived
My grandmother left me $25,000 before she passed away to avoid inheritance tax. My father has admitted that in writing(over text
Everett's answer
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Answered on July 26, 2016
You don't provide enough information to give a definite response. Was the money "left to you" by a written will, or handwritten codicil? If it was...
Archived
How many years can a county assess personal property tax on an asset that was not rendered?
Everett's answer
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Answered on July 25, 2016
The limit is the same for all counties, as the property tax laws are state law. As I recall, I think the limit is 5 years. You can probably verify...
Why am I paying property tax in two counties?
Everett's answer
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Answered on July 23, 2016
You should only have to pay tax for the one county and one school district. It is possible that the County Appraisal District has made a mistake in...
Archived
Can I do small scale money transfer USA->India for friends and family?
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Answered on July 17, 2016
It is not illegal to accept money from friends and exchange an equivalent amount from a foreign bank. However, there are some possible...
If a sole proprietor (operating under SSN) switches to an LLC (operating under EIN) mid-year, can just 1 Schedule C be filed?
Everett's answer
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Answered on July 16, 2016
If this is the same business, just keep filing a Schedule C as usual, except in the top information block on the Form Schedule C include the name...
Archived
I discovered i owe back taxes after filing this years return, after the money i should have received was applied to that bill.
Everett's answer
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Answered on July 13, 2016
It appears from the limited information you provide that you owe taxes for years you did not file because the IRS filed returns - Substitute For...
Archived
How should I proceed with reporting a business for tax concerns?
Everett's answer
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Answered on July 12, 2016
You ought to consult with a tax attorney first. You mention facts that might implicate you, and if so, you might not want to contact the IRS. You...
Archived
2 SMLLCs - 1 or 2 EINs, 1 or 2 Schedule Cs. Can income and deductions/expenses be combined?
Everett's answer
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Answered on July 12, 2016
You ought to consult with a tax attorney, to address these and other related issues. Generally, a single member LLC may be treated as a disregarded...
Archived
Tax Debt consolidation
Everett's answer
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Answered on July 12, 2016
"Pennies on the dollar" with IRS is true if you are basically broke. The IRS used Form 433A-OIC to evaluate the value of your net assets and...
Archived
If I advise businesses on how to meet tax and reporting requirements regarding unenumerated employees, is that legal advise?
Everett's answer
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Answered on July 09, 2016
I have represented a few conscientious objectors and tax protesters over the years, but only if they are willing to abandon their fallacious...