Can I get an EIN ID or any Business License while receiving Medicaid and Food-Stamp benefits in Texas?

As Mr. Emmet as stated, being on Medicaid and food stamps does not prevent you from starting a business, obtaining a license, or obtaining a tax...

Taxes with dual passport?

You don't provide enough information to answer your question. The important issue is are you a US citizen or resident. If so, you are subject to US...

What can I do to minimize taxes on the sale of a large term life insurance policy? How much can I reduce what will be owed?

If held for more than one year, the tax on the sale of the life insurance contract will be the long tern capital gains rate for your income tax...

New EIN number/name for LLC?

Depending upon your particular facts or circumstances, for which you provide no information, a possible option may be to incorporate under the...

Can I claim a personal loss on legal judgements on my 2012 and 2014 amended tax returns?

You don't provide enough information to answer the question. The general rule is you can't claim a loss deduction for failure to collect income due...

You should consult with a knowledgeable tax attorney with experience in property tax collection lawsuits. It is possible you and your relatives may...

I want to start non profit and file for 501c how should i do it

You need to consult with a knowledgeable tax attorney about this. The new Form 1023 application is a 28 page information document that is quite...

Which type of legal business entity/structure would be more convenient for tax purposes, considering I’m not a US citizen.

The choice of entity is very fact dependent on your particular circumstances and goals, and should consider whether certain characteristics of...

Can a home office also deduct the garage sq ft if it is being used to store tools for the job?

Yes, a home office can include space in the home residence as well as space in a garage or other out building that is used exclusively for the...

Married Filing Separately Divorce in Progress

If spouses file married filing separate: 1. They must both either elect standard deduction. or split itemized deductions. 2. Texas community...