Can I Claim A Tax Reduction For 2 Years Of Income If I Was Paid Only 1 Time As A Lump Sum At The End of 2-yr Contract?

I agree with Ms. Goldstein. I don't think there is any way to split the income into two tax years after the fact. In the future, I recommend...

Will I owe capital gains taxes if my former husband buys out my share of property we still hold in common post-divorce?

I believe the answer is yes, you would owe capital gains for any "profit" you make on selling your share of the properties, even if the sale is to...

Why would I switch from an LLC to a C or S corp?

You normally wouldn't switch the business form itself from an LLC to a corporation because an LLC can elect to be taxed as either an S-corp or a...

Can I get into criminal trouble for getting consistent, monthly pay-outs from offshore gambling companies like Bovada?

Unless the activity itself is illegal, you shouldn't have any problems so long as you are reporting the income properly to the IRS.

Do I have any rights

I would start by talking with your insurance company and get their full response in writing. Also talk to the state workman's comp office and...

Can federal income tax debt be discharged?

Sometimes, with proper guidance, you can also negotiate a settlement with the IRS and reduce the tax debt without having to resort to bankruptcy....

What you are experiencing is called extortion. Yes, someone can report you to the IRS for not reporting money received "under the table," but...

Do I pay Self-Employment Tax or only Income Tax / Capital Gains Tax?

Your question would be best brought to an international accounting firm. I recommend contacting Tony Malik at (770) 845-9289 or...

What is the best way (tax wise) to structure a home property purchase from living parents?

Your questions are complex due to California's property tax and transfer laws. I am not a California attorney, but I have had some exposure to...

I have an S-corp and provide consulting services do I have to pay business taxes?

None of these answers is really addressing your question completely. First of all, if you have elected to have your business taxed as an s-corp,...