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There's no Partner agreement or LLC agreement, can I take my book of business that I have acquired and start my own Co.
John's answer
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Answered on April 20, 2015
Based on the above it appears you have a general partnership. Typically, a partner will still owe certain fiduciary duties to the partnership and...
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How is alimony taxed?
John's answer
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Answered on April 20, 2015
Apart from self-employment tax, everyone can earn/receive a certain amount of money that is not taxed. Amounts of income less than the standard...
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I married a man who owes back taxes a huge amount, I have never filed with him, yet IRS is linking me with him. How can this be?
John's answer
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Answered on April 09, 2015
You are not liable if you did not file a joint return. HOWEVER, the IRS can consider your income when considering his ability to pay- disposable...
What is the difference between LLC and LLP when it comes to Husband and Wife opening a business together? Which do you suggest?
John's answer
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Answered on April 09, 2015
You have a number of legal issues to consider, and may want to consider a multiple entity structure for certain purposes. I have seen a limited...
Archived
Am I allowed to raise money for charities and earn money from it?
John's answer
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Answered on April 09, 2015
I agree with the attorneys below, it is probably best to start your own charity or foundation. See Section 501(c)(3) of the Internal Revenue Code,...
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Is there more of a tax benefit from renting out your house as a sole proprietorship, or as an LLC with one owner?
John's answer
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Answered on April 03, 2015
It is hard to determine with the information stated below. The tax situation may not be altered if I understand your question correctly. The...
Archived
Haven't paid taxes on owned Colorado property in years.
John's answer
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Answered on April 03, 2015
Yes, you need to contact the county and may want to pay the taxes in arrears.
http://jmtaxlaw.com/
Archived
I have 38 people who want to start an investment club with me. They're all over the USA. Are there rules I need to be aware of?
John's answer
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Answered on March 24, 2015
Yes, the individuals should contact local attorneys where they live as different laws may apply. Further, different entities may be available in...
Archived
Tax refund
John's answer
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Answered on March 24, 2015
What tax has she paid in via withholding and estimated payments versus her tax due?
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Tax Garnishment
John's answer
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Answered on March 24, 2015
It is likely her ex-husband will experience enforcement action such as a wage garnishment or bank levy if he has not already. The liability is...