Tax deduct issue: I am on title to home but not on loan. I make ALL of the pymnts. How can I take Mortgage interest deduction?

One strategy is to negotate a written wrap arround mortage with your co-owner. A lease with a option to buy will not give you a present right to...

Attorney's Newman and Martin have offered you good advice. You should also have your business attorney also determine if there are any federal or...

If your LLC is a single member LLC (meaning you are the only member), it is considered a disregarded entity, and probably offers you little or no...

Do I need to set up a Limited Liability Company to protect myself?

LLC's do make great vehicles for protecting intellectual property, but you need a reason to do so.You need to provide more facts because you have...

Payroll Tax Trust Fund Civil Penalty Mystery regarding Letter 1153 and its delivery -need guidance

I agree with the two attorneys who answered this question. In addition I would add that the penalties and interest on unpaid payroll taxes are...

The officers (and of course employees) of a "C" corporation must be employees of the company, and must be paid wages as employees. Payment of the...

Is it better to transfer a California rental property to an existing S corp? Or is it better to deed it to an LLC in Florida?

Don not transfer real estate in to and S corp. This a a legal and tax taboo in most instances (unless you own the Marriot Hotel chain) because 1)...

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What is the tax for spousal support payments? California

Alimony is taxable income. See your tax preparer to determine if you have a tax liability. Phillip M. Smith Jr. Los Angeles Tax & Business...

In 2007, H&R Block filed our tax without K-1 form. Now we still paying for their mistake to the IRS.

You question is too vague. What tax? What tax forms? 1065? 1040? What are you paying? Tax? Penalties? Interest? Generally, tax preparers are not...

Would like to remarry, paying irs a monthly payment from past due taxes. How will this affect my new husband?

You are contemplating getting married in a community property state.This means unless you take special precautions, your husband's assets become...