A US resident dies leaving an offshore account to a child beneficiary who is a US citizen. No FBAR was filed by the deceased.

I agree. The penalties can be outrageous if this matter is not handled properly. It may also depend on the timing of the distribution from the...

I recently changed the name of my single member LLC. Do I need to file anything with the IRS?

A single member LLC is filed with your individual income tax return - form 1040. This is where the name change should be shown.

Gifting money

You cannot use the funds to give yoru parents a deductible "gift" because they are not a charity. This would not help you on your taxes.

Need to open a branch of a foreign company in the U.S., what is the procedure, terms and prices of legal support of such action?

L-1 Visas are great visas because there is no minimum investment required. In addition, it is much easier to get a green card when a person has L-1...

How do I dissolve llc

You need to indicate what state the LLC was formed in because that state may have specific laws governing the dissolution of LLC's. Gernerally you...

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If certain employment cases can be on contingency, why can't certain criminal cases be on contingency?

In addition to the prior good answer. Attorneys usually work on a contingency where there is an insurance company or other "deep pockets" who can...

E-COMMERCE

Call their bluff! You have not received enough information to know if you have violated any rights of the company who called you. The smart...

I want to start a non-profit

You can be Executve Director and also be on the board. You can also be Chairman of Board if you employe the proper procedures in the bylaws. What...

Can a 501 c3 organization be represented by a licensed attorney in court?

The answer is probably yes. You have not indicated the nature of the case, so it cannot be stated with absolue certainty. A corporation cannot...

Taxes

You also are only allowed to deduct medical expenses to the extent that they exceed .075% of your adjusted gross income on line 38 of your tax return.