Do I have to pay self-employment taxes?
J2 is not entitled to J1 social security/medicare tax limited exemption.
Houston, TX
Tax Lawyer at Houston, TX
Practice Areas: Tax, Business ... +3 more
J2 is not entitled to J1 social security/medicare tax limited exemption.
5 years in Texas. for business personal property taxes.
If it is in fact a gift, there is no income tax on it. However, if you sell it, you will be liable for capital gains income tax on the difference...
Your description of "filing for back taxes" is ambiguous - do you mean you owe back taxes or you are due a refund, or what? I suggest you consult...
Unless you provided a personal guarantee, or the corporation has lost its charter, or there is some other unusual circumstance, you should not be...
Yes, inherited assets received by a spouse are his or her separate property. You should make sure you have a good and legal will that ensures that...
There are a lot of factual considerations for choice of entity, so you should consult with a professional. The general rule of thumb is an LLC for...
To obtain a successful outcome, assuming your facts qualify, you need to follow the proper procedures and use the appropriate forms, to either file...
In order to file as Head of Household, you must be either divorced or legally separated under court order. In order to claim a child as dependent,...
The way you describe it, you may have to file a lawsuit to partition the property.