The answer is yes. Under Nevada law, an entity formed in Nevada is a business under NRS 76.020 and is required to obtain a Nevada state business...

I bought 2 $100,000.00 term life insurance policies. My 3 adult handicapped children are equally sharing as the beneficiarys.

In general life insurance proceeds are not subject to income tax. There are some technical exceptions (such as the transfer for value rules). ...

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Principal place of business

Nevada does not have a business income tax so there will be no state income tax issues. Without seeing the license agreement, usually an address...

I need Tax Attorney advise due to state of colo stating I owe them state taxes. I have never lived or worked in Colo.

Your answer is complicated and there is more information that would be needed. It is troubling that Bof A would not correct your W-2. That is the...

Retailer in Nevada considering independent contractors on commission - Now is sales tax collected ,paid, reported handled?

This really depends on the characterization of the persons selling your product. If they are salespeople or independent contractors you will be...

Do all S-Corp shareholders have to be labeled as shareholder-employees or can we distribute all income as profit distributions?

An Nevada LLC can be taxed as an S Corporation. On the SS-4 for the LLC you will want to elect that it be taxed as a corporation. You will then...

If am living in another state and my husband lives s in another state! How can we file for our tax at the end of year?

As mentioned above, you can still file jointly for federal tax purposes. If the state your husband is living is a state that has an income tax...