I have an LLC company in the State of Michigan. I've heard that if you have a S corp your tax rate is lower. Is this true?

You can structure an S Corp. with your personal income tax return so that it produces a lower tax under certain circumstances. This is because net...

AS A ONLY OWNER/ PRESIDENT OF THE ' S ' CORPORATION WITH 0 EMPLOYEE HAS TO BE ON PAYROLL ?

An S corp. must have an employee if you are being paid income, and you are the employee. You are required by law to pay payroll tax witholding on...

I paid a tax firm to do my taxes and they didn't get them done until a week after tax day. Can I sue?

No. She is entitled to the reasonable value of her services if she prepared correct tax returns. She may be liable for any penalties you may owe...

Can I incorporate myself?

Your question is vague because you did not indicate which visa possess. You cannot "incorporate yourself." You can own shares in a regular...

1. Your company scan ell the remaining 2000 authorized un-issued common stocks to the investor at whatever price you agree upon. 2. You can sell...

If a corp. is dissolved using a short form certificate of dissolution does it owe the $800 min. franchise tax for the short year

I disagree with the responses to this question. "For the first taxable year, the corporation will not be subject to the minimum franchise tax...

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Should I sue my partner if he did not use the money for business?

I agree with the two prior attorneys. You have invested too much money to settle for free legal advice on the internet, especially if you intend to...

What are the legal implications of a self-employed person 'correcting" their W-2 to show less income than actual income?

Criminal tax fraud for intentionally understating your income! Sent from my Verizon Wireless 4G LTE DROID -----Original message-----

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10 Year Old Wrongful tax lien of $150K in California. Please advise.

Additonal information in needed to find out what is the basis of the lien before it can be determined if the lien can be readily removed. This...

Appointment of director in non profit corporation

The election of directors and officers is usually provided for in the by-laws of non-profit corporations. It is probably best to seek the advice of...