There are a few income tax issues that arise with the proposed transaction and potential for the need to file a Form 3520. The IRS will require you...

The first question would be whether you are a green card holder, resident alien of the US or a nonresident alien. If you don't live in the US, nor...

Since you set up a SMLLC you do not have a federal filing requirement as the IRS disregards this entity for federal tax purposes. However,...

If you are required to file then yes you need to go back to 2008. The statute of limitations has not started for any unfilled tax return. I think...

Do my parents need to file tax return or fill any other form?

Below is a helpful guide if your parents need to file a 2016 federal tax return. Based on the fact your parents did not have any income in 2016,...

What happens to my taxes when i transfer my investment property under LLC to my name for personal use?

As it relates to federal tax, the answer is no. However, you should check if there is any transfer tax in Texas.

Recvd letter from IRS that I owe 2016 taxes; however I paid my taxes via IRS direct pay. I have the confirmation#

The letter should provide a phone number to call. I would call and speak to an IRS representative and explain your situation and provide them the...

Does the IRS require certified appraisals of residtl. properties in a new estate or can the values be estimated with good data?

The appraisal can be advantageous because you can mitigate against the IRS reassessing the estate under audit. It's extremely rare the IRS would...

Do I need as tax lawyer?

This sounds like SSN fraud, as someone was using your SSN when they worked at the company you were suppose to claim. The IRS has programs to assist...

Best way to buy house from parents

If your parents have a taxable estate, assets over 10.86 million, there could be gift tax issues. If so, seek assistance from counsel.