How do I go about filing for taxes for a small online business?

First, is your business set up as a sole proprietorship? If so, then the reporting occurs on the Schedule C of your personal income tax return...

Dear lawyer' Can I claim my little sister for tax return?

You are allowed one exemption for each person you can claim as a dependent. You can claim an exemption for a dependent even if your dependent...

I owe back payroll taxes from a previous business and wanting to get remarried but I don't want my tax situation to affect him

Payroll taxes (the trust fund portion) is a tax that the IRS treats very seriously because it is money that never belonged to you. You should...

I didn't file tax returns and this year I plan to file since I got married - do I have to file for the years before 2012?

You should immediately hire a competent tax return preparer or, better yet, an accountant or CPA. If you had gross income in prior years, you...

I want to withdraw IRA Money for emergency dental but am worried about the tax penalties

In Google enter "Internal Revenue Code Section 72" and then find your way down to subsecction (t), which is the 10% premature distribution excise...

Can a retiree sue for compensation of damages incurred as a result of a negligent payroll dept.error?(insufficient tax withheld)

The answer to your question - "Can a retiree sue? - is a simple "yes." Anyone with the filing fee can file a lawsuit. Your real question is...

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Can I make an accelerated 50% payoff of a civil penalty?

If you do not qualify for the offer in compromise program because you have too much in assets, then the IRS has no incentive to accept less than...

Finding a PFIC(passive foreign investment company) document used by lawyers, accountants

As you must know, there is a page on the IRS web site devoted to PFICs: http://www.irs.gov/formspubs/article/0,,id=241188,00.html. The item which...

My wife is ill and having to go to the doctor regulary this whole year. my question what can i deduct from my expenses for my

First, you should not prepare your own return for this year. There are complex rules that apply, e.g., the limit onf miscellaneous itemized...

My business went bankrupt owing small IRS tax for late filing. Can the IRS take my social security to pay this?

If the "S" corporation owed a general tax obligation, then you have no personal liability. If the obligation was the employer's share of payroll...