Question for a Tax Attorney Questions on starting a business and how to determine taxes to be withheld

I agree a single member LLC may be the best way to protect your personal assets. You should obtain proof of identity and ssn/address for your...

If my grand mother has her own business and does a 1099 can i work for her without showing ID and filing taxes? Can i work

If the family business hires you as an independent contractor, they must issue a 1099 if you are paid more than $600 during the calendar year. If...

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This is a question about capital gains tax.

Capital gain equals the amount realized from the sale less the adjusted basis of the property sold. The adjusted basis would be the cost of the...

Tax on pension amount receiving by premanent resident of the USA from the govt of his native country.

Generally, a US citizen or US resident is subject to US income tax on their world wide income. Therefore, it appears your foreign source pension...

Can I claim my stepchildren on income tax?

Generally, a qualifying relative for dependency claim includes a step-child. The qualifying relative must also earn less than $3950 (2014), you...

Do I need to take my ex-husband to court for taxes we filed together and he now refuses to pay me my portion?

If he refuses to pay you your share of the refund, you will have to sue him. Generally, the court with jurisdiction over this matter would be the...

Can a tax preparer who's not an accountant, EA, CPA or attorney provide tax preparation Web services?

There is no certification requirement to prepare and file federal individual income tax returns. However, you will need to obtain a PTIN from the...

I sold my property in overseas.

There is no problem in bringing money, including $100,000, into the US, if by bank transfer. If you bring cash, you are required to declare $10,000...

What does "qualify" mean in relation to disabled veteran property tax benefits?

If the property was acquired during marriage, the it should be community property, and your deceased spouse would have had a 1/2 community property...

I am a bookkeeper, working for a company that hasn't filed or paid EOY taxes or payroll taxes for 3 years. Am i in trouble?

The IRS may assess the civil penalty (trust fund recovery penalty) in the amount of the employees' withheld taxes against any "responsible person"...