Any tax obligation in California when the lender accepts to do deed in lieu?

Yes, a case called Tufts v. Commissioner states that when the value of a nonrecourse loan exceeds the fair market value of the property, when you...

My green card expires in 1 year. I had two years that I didnt pay taxes. could i be denied renewal of green card

I agree with the prior attorney -- the major factor is actually filing the tax returns. That will be the most helpful in the green card renewal...

Should the W-2 be corrected?

I agree with the prior attorney - if they refuse to amend the W-2, include the correct amount of wages on your tax return and an explanation as to...

What could I do if I didn't know that my husband was filing for taxes and foraged my signature and he isn't a u.s citizen?

I agree with the prior attorney that you should file for innocent spouse relief. The form is...

A plant nursery probably qualifies as an agricultural employee, as the IRS considers an Agricultural employees ones who raises or harvests...

Yes, as long as the iPad or Laptop is used for business use you can write it off as an expense. What is not allowed is if you are a W-2 employee...

I agree with the prior attorney's answer. Since your business is being conducted in WA and not AZ, all of the business taxes should be paid in WA...

I'm opening a french bakery and want to hire a foreign baker from portugal, what forms do i need to file?

If you hire the foreign baker from Portugal in the United States, he will require a working visa to work in the U.S. such as an H1-B visa. Without...

How does asset protection plan work for home residence Title under Personal Residence Trust vs. Sole Member LLC?

Here is a general overview of the questions you have asked: Revocable Family Living Trust Who is the creator of the trust, the trustee and the...

My Wife and I are opening a Small Business in West Virginia, is it better to have a 1- Member LLC , or a 2 Member LLC ?

The answer to your question depends on what your goals are in running the business. If you want to be the sole owner of the business and have all...