I want to register my single-member LLC in Delaware and am a Florida resident. Will I have to pay Delaware person.income taxes?

If you only do business in FL you will not be taxed in DL. If you do business in DL or have DL sourced income, the income will have to be...

Does "May claim dependent" in divorce decrees mean you have to give up exemption with no instructions to execute a 8332 form

The Tax Court held that since Julie, the custodial parent, did not execute Form 8332 or an equivalent release, Michael was not entitled to claim...

What do i do on my tax return with a $16000.00 life insurance payout. what are the laws in NJ is this a gift ??

Generally, if you receive the proceeds under a life insurance contract as a beneficiary due to the death of the insured person, the benefits are...

My ex won't pay taxes and now the IRS is coming after us both. What are my options?

You signed the return stating it was correct and accepted separate liability. It sounds like you won't qualify as an innocent spouse only a...

Shall I make a Trust or an LLC company?

If you create an LLC you will still need a Trust for the LLC. So use a Revocable Living Trust or a Testamentary Trust. See an estate planner for...

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

The safe route is to get a VISA that allows him to work in the country but there is no requirement that an LLC cannot have an alien as a member or...

It depends on what the trust instrument says. Read the trust instrument first. The other question is why has the estate not been closed. Is...

What licenses or permits do I need to have in order to legally start my very own...

To start a proprietorship, all you need is a business license in the city where it is located. Check to see if a license is needed for a home...

Started a business with my friends (start-up) a few grand invested, does form 1065 have to be filed if $30 was grossed?

You should file the 1065 to establish the loss for the business because it is likely you had more than $30 of expenses. Also file a 565 for CA.

Can Missouri put a lien on my car/property or garnish wages for state taxes while living in Texas?

As stated by Attorney Buck, Missouri can do it but it is unlikely they will do it unless the amount is sizable. You did not state how much you owe....