You can file a claim for penalty abatement on Form 843. You should consult with a tax attorney - I can tell from the way your question is phrased,...

As you describe it, it appears you would still be subject to Texas Franchise (business income) tax, and possibly Texas sales tax. I suggest you...

First of all, you should have a written agreement that spells out the duties and responsibilities of each of the parties, whether or not any party...

How to get the money out of an LLC when the buyer did not give individual 1031 when the property was sold?

I assume the 2 partners (members) who want out own a minority interest in the LLC, and may even be limited membters. If such is the case, there may...

How can I let my deceased mother's partner stay in her house?

When the appraisal district finds out that he has no title, the homestead exemption will be disallowed retroactively which will result in...

I suggest you read the contract with the title company carefully, as it may provide that you are responsible for your own tax issues.

Income tax issues when a US citizen working for a US company goes to another country (Korea) to work remotely.

I suggest you consult with a tax lawyer. You have left out some important facts that may determine an answer, such as what exactly is your "remote...

Yes - you can file jointly even if he is in jail as long as you are married as of the last day of the year. It may be a complication to get him to...

My experience with IRS audits is - you can't have too many receipts! A bank statement or credit card statement doesn't show that what you bought is...

There are a number of factors followed by the IRS to determine if you are a "responsible person" who may be personally liable for unpaid taxes,...