What form is needed from IRS to remove a person that is no longer with corp

There is no specific form to file with the IRS. This situation would need to be documented in the minutes of the corporation and the statement of...

Through a 3 year contested divorce I discovered severe tax evasion by spouse/co shareholder of NE s-corp. What should I do?

This is an interesting situation that is fact intensive. This situation would be best handled by you retaining counsel to review all of the facts...

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

You definitely need legal advice here. You are mixing a for profit corporation with a non-profit entity. This could lead to disaster. Make sure...

CA BOE taxes - offer in compromise?

Go to the BOE website. They have a complete OIC package with instructions. The numbers will tell whether your offer will be accepted. You need...

Its my understanding you cant be taxed on a secure loan debt cancelation?

If the debt is non-recourse it does not give rise to cancellation of debt income. The issue is not whether the debt is secured. If you pay the...

Yes, you may have a filing requirement if you made enough income, and for this length of time you probably did. See a local tax professional to...

I have no earned income, but accidentally made IRA contribution in/for 2011. How do I fix this before 2011 tax filing deadline?

Do not take the deduction on your tax return and ask the plan administrator to refund your contribution.

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

You are responsible for the return that you file on Turbotax or any other software. The program is not designed to audit your return and prevent...

If F1 visa holder filed tax return online and has received the refund as well, do they need to amend the return filed?

If you worked and were not supposed to work you still owe the government a tax return. You need to discuss the affect this will have on your...

Are we entitled to the see the actual substitute for return?

If you get a transcript for the year in question you will have what the IRS filed. They also send out a notice to your last known address at the...