How can I apply for this tax relief or any other tax relief?

You may receive a 1099 from the bank informing you of their report of the cancelled debt to the IRS, which may be taxable, unless excluded based on...

How does one pay taxes if they make a living without money?

Taxpayers dealing in barter system are required to keep track of their earnings at the fair market value of their earnings. If they make more than...

Avoiding capital gains tax on second property if selling 2 properties within one year.

As my colleague mentioned, look at the IRC Section 121; 24 out of last 60 months rule. The information presented herein is for general purposes...

How I Preparing tax return when working outside the US?

Depending on where you live, you may find tax professionals assisting taxpayers in your situation. You referred to the right forms, but you may...

How does LA county figure tax amount?

Here is a formula from the LA County Controller’s office; A tax rate includes a general 1% tax levy applicable to all bills, voter approved...

Closed business that is in suspension status and owe back taxes on it that I cannot pay.

They wouldn’t waive the annual franchise tax or penalties easily. They also may not hold you personally liable if the business doesn’t owe trust...

When should I file, after dissolving my LLC or should I just go through the process now and do I claim a sole proprietorship?

Generally, you will file the final tax return and certain dissolution form about the same time. They won’t dissolve it until the final tax is...

Can I open a private family foundation in CA, while residing in WA state?

I don’t believe there is a law against an out of state person establishing a private foundation in California, so long as you operate it conformity...

What kind of legal issues can I face if he operates an illegal gaming business without my knowledge or consent?

It appears a criminal issue and you need to consult a local criminal law attorney. Or, call the local bar association for a referral. The...

You need to talk to the city license department. They may penalize you for up to three years you conducted business without a license. Some cities...