Tax Id number?

To start a business you will need an Employer identification Number (EIN). You use this number, to register a corporation, LLC, Partnership etc....

Do I really owe the IRS?

The bad news is that being in jail is not an excuse. You can file a tax return while incarcerated and I am aware of volunteer services to help...

After three paid claims w/State Farm Ins., Can I appeal their decision to cancel my homeowners insurance policy?

No, but you may have options. Property insurance is a contract. If the insurer is losing money on your policy, and as in your situation, the loss...

How long does it take the IRS to make a decision on IRS Form 6118?

Your question is perplexing. On one hand, you say that the tax advice of an attorney was a waste of time, implying that you have a greater...

1031 Exchange Question

The identification period ends 45 calendar days after the close of the relinquished property. A safe approach is to make the identification in...

Asking the judge to change my spouse's tax filing status

You mention that you have been separated for 3 years. If on the last day of any of the 3 tax years you were legally separated, you cannot file...

Selected as the best answer

First, look at the signed fee agreement to understand to what you agreed. If the contemplated work was substantial, my practice and that of many...

Donations to a 501c3 have been sent to my LLC, what taxes do I owe?

Without exempt status, income is treated as income and your friend's LLC's tax treatment is as a "for profit" entity. The receipt of each...

Tax evasion?? capital gains

If the closing documents disburse the proceeds to you, you are presumed to have gain. There is some possibility that you could show that your son...

I gave a very large bridge loan to an old friend without a signed promissory note. Can I sue him?

My colleagues offer good advice. One additional thought. If the ex has not been paying regularly, chances are good that he will stop paying...