Am i resposible for a businesses back taxes?

As a general rule, employees of a company that have control of the company's finances and employment decisions can held liable for the company's...

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How do I get a NJ State TAX ID for my newly-formed multi-member LLC?

Yes, this appears to be the proper web page for filing your Form NJ-REG onlne. Follow the link for additional information for NJ sales tax...

My wife received a $10000 donation to be used in her small film business. is this considered income for tax purposes.

To whom was the $10,000 check made payable (your wife or her business)? If the check was payable to your wife's business, is her business an LLC...

IRS lien on storefront I rent: What are my rights?

An IRS lien attaches only to the property that the taxpayer owns, so it should not attach to any property you or your business owns (especially...

There are a number of ways to report tax fraud to the IRS. Consider filing an Information Referral (Form 3949-A) as well as preparing an affidavit...

My late friend mom wants to sell me her house for $1, Do I have to pay tax or she has to pay tax?

I agree with Ms. Lindsay that this transaction should be done correctly unless you want to make this seemingly simple transaction very complicated...

Is a settlement from from my prior employer through a mediation at the EEOC taxable?

As a general rule, all of a taxpayer's awards from litigation (whether by court/administrative order or settlement) are subject to federal income...

What are the tax implications of gifting money to my parents overseas?

I agree with Ms. DiSalvo. Federal tax law provides each US citizen/resident an annual exclusion of $14,000 (so if you are married and your spouse...

Is that possible to set up a company in Liberty, TX by an US B2 VISA holder?

If you only have a B2 visa (visitor's visa), then you cannot legally start a business in the US. My comment would be different if you had a B1...

Tax Refund and Child Support

Yes. The Treasury Department's Financial Management Service ("FMS") is responsible for issuing tax refunds -- and they are authorized to offset...