The answer depends, of course, on the written partnership agreement. However, you should not be surprised if the GP has the power to determine...

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A green-card holder must obtain a judicial or administrative determination of abandonment of permanent residency. Lawful permanent resident status...

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Tax issue of Paid back Principal plus appreciation linked to equity index, eg gold

There is no deduction for the repayment of principal on a loan. (Arguably there is an exception for ESOP loans.) What you have described is not a...

If Iam a Green Card holder and got a long term job abroad, should (and could) I pay my taxes on line?

You can certainy use an on-line tax filing service if you wish. Yes you should pay your income taxes on time. Yes paying your taxes is consistent...

Federal estate tax return

Technically, at least to my knowledge, and I've been doing this for 35 years, there is no such thing as a "closing statement" as to an IRS Form...

File BK or keep fighting IRS? Tax lien received for 90K. Seattle, WA

Income taxes arising from a tax year for which the tax return was last due at least 3 years before the date of the filing of the petition are...

Okay, this is what someones Will says, it's a bit lengthy for me to type but I need to so ....PLEASE give opinions....

The language that you have typed seems easy to understand. It provides for a charitable gift. The organizations are identified by class, not by...

I am considering creating an IRA LLC, so that I can have checkbook control. I plan on investing in CA.

You need to be careful with self-directed IRAs. If you engage in a "prohibited transaction," your IRA will be disqualified which means that 100%...

Would posting YouTube clip cause us to lose the tax-exempt benefit by any chance?

The Internal Revenue Code Section - 501(c)(3) - which grants exempt status contains 2 political activity prohibitions. First, the "lobbying...

Is an LLC the best corporate structure for a non-resident owner of a performing property?

A non-resident alien (NRA) is subject to federal income tax ata flat 30% rate, absent tax treaty benefits, to the extent such items are not...