My husband and I had a family trust created in AZ. We now reside in CO. Do we need to redo the trust?

Arizona is a community property state, Colorado is not, but moving to Colorado does not destroy community property rights created in Arizona. ...

What entity filing status is best for our business formation to achieve asset protection and limit taxation?

There are some other tax considerations here which may make the S corporation or LLC more favorable, but both are appropriate choices.

Is there a way someone can work for someone and the employer not pay taxes on that person?

If you have control over the employee (what, when, how they perform assigned tasks), then you have to pay employment taxes. If you hire an...

Corporation and Business license

While you can try to operate this enterprise without making a profit, the IRS may not agree with your methods. You will want to apply for tax...

She has to file a federal gift tax return IRS form 709 reporting the gifts per donee in excess of 14,000 per year as taxable gifts, but there is a...

Rental property sold in 2013. Several years of deductions still unused due to income limits.Did I lose them?

I think that you may have "passive loss" carryover from the prior years, and perhaps a net operating loss("NOL"). The passive loss carryover is...

see IRS form 4972, otherwise report as ordinary income on form 1041

Can a non-profit organization charge for service before rendering it?

yes, nonprofit just means that net profits, if any, do not accrue to private individuals, the nonprofit can not only cover its costs, but can...

Mr. Goldberg is correct, the order of names should not matter. However, the IRS may revise the mailing address for notices to the last return...

I need a Lawyer to do Power's of Attorney and update a Will for my Elderly Parents

Be sure that your parents have both health care and property power of attorney agreements, one authorizes medical decisions, one authorizes...

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