How much money does my small business have to make to pay taxes?

You need have a consult with a tax attorney. What you posted is ill-advised because you are mixing concepts of profit and non-profit entities....

Selected as the best answer

Normally it would appear. Are you sure you have the correct transcript and the correct year? You should contact the IRS and request a copy, or...

Converting a Corporation to an LLC?

You need to see a tax attorney first because the "conversion" that you are attempting may trigger capital gain or related tax attributes that may...

Is the Tax Court supposed to reject motions without making a decision?

You need to have a competent tax counsel review your tax court pleadings. This cannot be done on a website. Phillip M. Smith Jr. Los Angeles...

We have been audited for 2008. My question is I want to ask for relief from penalties an interest that has acurred?

You have not provided enough information to determine what caused the penalties and interest on your 2008 tax return. In addition, you have not...

Is there any indication on a 30-day letter whether or not the IRS made a substitute for return?

The indication would not be on a thirty day letter. A "sfr" would show up on the tax transcript of the taxpayer. Good luck! Phillip M. Smith...

Can someone demand a copy of an assessment that the IRS made to their tax account?

A taxpayer can get a copy of their own assessment by ordering it from the IRS by phone, a Freedom of Information Act (FOIA) request, or or visiting...

I am closing company but I still owe money from my vendors and still have lease contract with landloard. What do I do?

You need to consult with a business attorney who also represents clients in the U.S Bankruptcy court. First of all, you have not indicated what...

How can I get out of 50% LLC from my partner?

Assuming this is an LLC registered in the State of Callifornia, you can check with the SOS to see what documents were filed with the Secretary of...

CA BOE taxes - offer in compromise?

You will find information on the BOE website. It is not very likely that such a small offer will be accepted if you are young, healthy and have...