Did I do my LLC taxes the right way?
Messrs. Davidoff and Brecht have given you excellent advice. Please call and hire one of them right away. There are reasons to have a "C"...
Los Angeles, CA
Tax Lawyer at Los Angeles, CA
Practice Areas: Tax, Estate Planning
Messrs. Davidoff and Brecht have given you excellent advice. Please call and hire one of them right away. There are reasons to have a "C"...
No. The IRS cannot take your mother's assets. However your mother should change her estate plan to leave her assets for you in trust, not...
Read IRS Publication 501 to make sure you qualify to take the deduction. It is best to have an agreement in writing with your spouse allocating...
If you are married, then you should indicate that on your tax return. Yes, there will be a conflict between the two. But I doubt that that, by...
You can only deduct the mortgage if you are responsible for it. Otherwise it is a gift from you to her. Or it constitutes the payment of rent...
Ms. Campbell and Mr. Davidoff have given you superb answers. You should call and hire one of them if you have questions.
Mr. McHugh has given you a superb technical response. If you need help I suggest that you hire him.
I doubt that the IRS is confused. In any event, only interest on the first $1.1 million of home mortgage is deductible. I strongly suggest that...
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I need to read the trust. It may well be a "grantor trust" for income tax purposes which means that it is disregarded for income tax purposes (it...
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It is difficult, if not impossible, to get out of paying a payroll tax liability. Perhaps someone else was a responsible person and should pay all...