Do I have to claim adult son on taxes

As a general rule, taxpayers can claim their children as dependents as long as the child (a) is under the age of 19, (b) is younger than 24 years...

Want to form an LLC in order to purchase real estate, and also fold that LLC into a trust.

Expanding on the answers of my colleagues, the trust and LLCs should be setup first. Once established, the LLCs can purchase real estate directly...

Do I need an attorney to set up and/or oversee a scholarship fund in the name of my deceased daughter?

You have a couple of options to accomplish your goal. One option is to create your own charitable organization that raises funds or seeks grants...

On line seller (in Ohio) of produced audio files delivered electronically. Must I charge out-of-state customers sales tax?

Probably not. State sales taxes are still predicated on the concept of nexus - i.e., your business must have a physical presence in another state...

Can the Dad of my Child claim her on his taxes if she spends 70% of the time with me? She is 4 years old.

You don't indicate whether you and your child's father were married or divorced, so my comment ignores these matters (which could impact your...

Do I need an attorney

From your fact pattern it would not appear that there is a conflict of interest between yourself and the newspaper - just old-fashioned competition...

My mother transfers money into my US bank account after immigration, do I have to pay taxes for that money?

Whether the money your mother transfers to you will be taxed depends on why she is transferring the money. The US taxes "income" so the transfer...

What type if any legal action can we take? (see below)

Employees who have responsibility to authorize payroll tax deposits may be held liable for an entity's payroll tax responsibilities as a...

Tax #: Will I pay the same long-term property gains tax on primary residence if I sell after 1 yr. 1 day vs. 1 year 11 months?

Unless you are selling your house as a result of circumstances beyond your control (health condition, emergency, change in employment), you should...

The holdback is normally 10% of the gross purchase (the 35% hold back is for distributions by certain US entities of sales proceeds to a foreign...