Buying a house in the name of a corporation is generally not an good idea because any gain or loss will be recognized by the corp when it is sold....

I formed a LLC in California. One of the partners is German. Can he be a Managing Partner, or only a Limited Partner?

First of all an LLC can elect to be partnership as opposed to being a "member managed LLC." The election can be made on IRS form 8832. This is an...

Do I need to charge CA State sales tax my on line sales within the State of CA?

Based on the facts you have posted, your employer is liable for the sales tax because you are selling for, and employed by the company. A more...

I'm in the process of setting up a new business, and I'm wondering what the best structure would be and the best home state

If you are conducting business in California, you are required to register the entity in California and report your income in California. That fact...

Do I need to file for tax if I have zero income?

Interesting that you would receive two conflicting answers! Take the middle approach. You are not required to file if you have no income. You may...

Looking for FBAR Tax Specialist

YOu need to seek an attorney that represents clients in these matters. You have to file FBARs for 7 years and the new FinCenform for 2013 because...

You cannot "withdraw" an amended tax return. You can file an amendment to the amendment. Good Luck.

Can I obtain copies of the tax schedules used by the IRS preparer who did the taxes "jointly"?

If you have the tax returns, all scheudules (including Schedule A) should be attached to the tax returns. If the schedules are not attached, have...

Tax related issue

Checking an online form is not a realistic substitute for having a tax professional review your w-2, your tax return and your employers written...

Obtain at least two appraisals.