Yes, you can take funds out of the partnership. These are called distributions and need to be accounted for as such. It won't be an issue at tax...

I will get a shoe store & I pay taxes. I’m 17.do I have to make my own taxes stuff, or do my parents to put me in theirs?

You will want to file your tax return under your own Social Security number. That's the only way you can get a refund of the taxes that were taken...

State residency rules can be different depending on what subject matter you are talking about. For example, for tax purposes your spouse is...

Do I have to pay back taxes?

I agree that this is taxable income. You will need to file returns both with the IRS and with your State (assuming that your State has an income...

Can we file a class action lawsuit against the USA for spending our social security money illegally? And taxing every dollar we

For issues like this, the courts will say that your solution is at the ballot box. Help elect people who will support fiscally responsible...

What to do: SS says taxes owed for salary,but company miscalimed beneficiary of severance pay of deceased employee as consultant

If mom were an employee she would need to pay Social Security taxes, as you are probably aware. If mom were not an employee and received money for...

Does a court have a record of an inheritance or a will?

Another avenue to check is regarding the transferred assets. If there was real estate that was passed down to the beneficiary, there may be a deed...

Do I owe the IRS for punitive damages on a sexual harressment suit settled out of court?

Punitive damages generally are taxable. Compensatory damages for personal injury or sickness is exempt (IRC section 104). If you have an...

If someone filed taxes in my name in 2014 without my approval am I entitled to receive a refund and if so what do I need to do

IRS has procedures for identity theft victims. Please see the following: https://www.irs.gov/individuals/how-irs-id-theft-victim-assistance-works

What can we do for martial status for taxes not changed by employer?

Just to add to the gentlemen above. If her status changes from married to single, generally speaking she will owe more tax at the end of the year....