I am sole non spousal beneficiary of an IRA. Decrease was over 70. Can I cash out after 5 years?

Speak with income tax specialist. Even if you an cash out it may be inadvisable due to income tax due.

The difference is non-taxable sales, which might be zero. If you are in a business where your sales include some taxable items and some...

As a french resident and citizen, may I incorporate a LLC with my wife for trading forex ?

Yes, you may form an LLC although you will be required to designate a resident agent in the state of registration. This is an individual available...

If I have a court order granting me the dependency exemptions prior to 2008, can the IRS decide to overrule this if they want?

If for some reason the IRS insists that you cannot claim the exemption for your son due to your wife having already claimed it, you would then have...

I don't know if I have to fill the form W-9

If a business pays you any money, they may require that you provide a W-9 showing your tax id number. They may then send you a 1099 (or not). If...

Should I take action?

If you have evidence that someone is abusing their 501(c)3 status, you should report it to the IRS. Tax fraud means those of us who are paying...

Hi, Is downloading movies from torrent sites illegal in the USA ? Regards

Movies should only be downloaded from sites which take care of copyrights, licenses, and associated fees. Torrent does not do so, so avoid.

Should we sue our neighbor for the cost of our missing car and for the extra expenses we've incurred? Or leave it to insurance?

Yes you are responsible. You gave your spare key to a neighbor who was subject to a theft. If you did not want your key left in her car, you...

I've a joint account with a friend. The bank put some money in the checking account by mistake, which friend spent. Am I liable?

You owe the money to the bank but you have the right to reimbursement from your friend. Good luck collecting.

Bank of America charged my credit card acct. at 19% for 27 months, the agreement was for 13+%. Complained, told I'd get call,

Bank of America often fails to make their promised call backs. I run into this with them constantly. They also send out a lot of notices,...