If you have an S Corp, or a partnership, and it does not timely file the 1120S or 1065 return with K-1's, the company is assessed a penalty, not...

In 1993-1997 I didn’t fill my taxes. I had regular withholdings but did file. Moderate income like $30-40,000 a year.

It would be exceptionally unusual for the IRS to audit an individual for a tax return due 25 years ago. Also, since your withheld taxes, if...

Requested Modification but will anything get done?

Not clear what father is "behind 20,000" for - child support? Taxes? If taxes, your cousin, who I assume is jointly liable, but you don't say, then...

File taxes under llc or dba?

If the rental property is title in the name of the LLC, which would be an ordinary situation, then the income should be reportable under the LLC...

Is this legally a capital gain or partnership income?

As you describe it, it appears to be both a capital gain and a partnership distribution. I suggest you consult with a professional to make sure you...

Who is liable for paying incomes taxes from the gains made from the sale of a house that my parents purchased under my name?

I assume you will be sent a 1099-S by the title company, and that you have to report the income on your tax return. However, you might consider...

I don't know why you would owe taxes for years you did not file a return, but perhaps the state filed the returns for you, or you owe for other...

Do I still file self employment ?

Start up expenses are generally amortizable over 5 years. I suggest you consult with a knowledgeable professional to avoid various tax mistakes new...

Would a property being sold need to be under the same entity that a property is being purchased under to qualify for a 1031?

It doesn't appear to me that your proposed transaction would qualify for 1031 treatment, for various reasons. I suggest you consult with a...

Yes - you can elect to file Married filing separate. You do not provide enough information to answer whether you may claim both children and...