S corporation subsidiary and division restrictions, liability issues

Legally, all the activities you mentioned may be operated by an S corporation under general business, except for law, medicine, other professional...

How does gifting of property work for recipient

There is no limit as to how many times she can gift. The gifts in excess of the threshold, now $14K per person per year must be reported. And the...

Is there alternative method to send a check of payment under Streamlined Domestic Offshore Procedure that the IRS accepts?

The Streamlined check has always been required with the package, now the OVDP checks as well for a long time. Generally, your tax OVDP lawyer...

Do I have to go through all legal matters and file to start a business?

You do not have to go through all the formalities. However, at a minimum, you should get some legal advice because of potential liabilities from...

Do I have any options?

It is important to obtain tax a legal advice before filing for a BK. Many taxes do not get discharged. I have seen clients in your shoes often....

How can inheritance be divided without gift taxes

Inheritance less than $5,450,000 per decedent is not taxable. That amount can be divided among as many donees wished by decedent. The comments...

Did I have to file form 3520 with my tax return each year that I received under $13,000 per year?

Generally, receipt of gift from non-residents alien is reported when in excess of $100K per year. The comments contained herein are for general...

How often, and by how much, can self-storage rents be raised in California?

Self storage should be comparable to renting any other property and rent be based on the contract terms.

Generally, the executor or administrator, writes letters to all known creditors and makes such attempts to pay them. If the decedent had assets,...

My question is, how can I work out the deal so that my investors can trust me, so they will sign with me.

I believe I answer this earlier. You are smart and encouraged to retain a business and tax lawyer to benefit from your brilliant ideas. There are...