Questions answered by Vivian Yuan

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What are my obligations as an officer when leaving a failing corporation (no business, no cash, no employees, 1 partner)?

Vivian's answer | Answered on April 16, 2016

Without knowing your specific situation, I am only making general observations. You mentioned that you "co-founded" the entity so I assume that...

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Who is responsible for 1099-c tax payment?

Vivian's answer | Answered on April 16, 2016

Please accept my condolences. You should file a final income tax return (federal and state) for your spouse. The debt forgiveness income is a...

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Do I even need to list this on a tax return? Is it considered a business?

Vivian's answer | Answered on April 16, 2016

North Carolina follows federal classification. NC LLC is also subject to an annual reporting requirement and an annual fee of $200.

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Now I'm filing taxes and don't know if I am married or not. she is very vindictive and I'm afraid whatever I file she will say o

Vivian's answer | Answered on April 16, 2016

You should consult a family law attorney to review the Korean marriage license and determine the legality of the marriage for U.S. purposes.

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Do I have to still file tax return for a new business if I have no revenue? At what point will I have to file a return for this?

Vivian's answer | Answered on April 16, 2016

WA has a business & occupation tax, which also applies to LLC. The tax is based on gross receipts. According to WA Department of Revenue, you...

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My Mom received $20,000 as gift in 2015 - can I still claim her as dependent? (She has no other income)

Vivian's answer | Answered on April 16, 2016

Gift is not a taxable income. If your mom qualifies as a "qualifying relative" and is not claimed as a dependent on another return, you may claim...

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What are the requirements for changing our prenup in California?

Vivian's answer | Answered on April 15, 2016

Postnuptial agreements can change the characterization of marital property to separate property (or vice versa), and it redefine community or...

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Can I represent myself in probate court or do I need an attorney? What if all relatives were deceased and no one to give DNA?

Vivian's answer | Answered on April 15, 2016

I am so sorry for the situation you are in. I wonder if pro bono legal services might offer some assistance. Here is a link:...

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Can I sue someone from CA in LA?

Vivian's answer | Answered on April 15, 2016

If you are in LA and the person/company you want to sue is in CA, a possibility is to sue in federal court. Consult a litigation attorney to see...

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Is there any time limit to this kind of thing? What would happen if I just paid the taxes and not the interest?

Vivian's answer | Answered on April 15, 2016

It is unclear from your question whether it is sales tax or use tax, and whether you were a seller. I am onlhy making general observations. ...

Vivian Yuan's Answers (486)

What are my obligations as an officer when leaving a failing corporation (no business, no cash, no employees, 1 partner)?

Who is responsible for 1099-c tax payment?

Do I even need to list this on a tax return? Is it considered a business?

Now I'm filing taxes and don't know if I am married or not. she is very vindictive and I'm afraid whatever I file she will say o

Do I have to still file tax return for a new business if I have no revenue? At what point will I have to file a return for this?

My Mom received $20,000 as gift in 2015 - can I still claim her as dependent? (She has no other income)

What are the requirements for changing our prenup in California?

Can I represent myself in probate court or do I need an attorney? What if all relatives were deceased and no one to give DNA?

Can I sue someone from CA in LA?

Is there any time limit to this kind of thing? What would happen if I just paid the taxes and not the interest?