LLC VS S CORP

You should go see a tax attorney, and I would advise that you choose one older than 50 to create this structure for you. You want to make sure this...

How likely is it that IRS will remove interest and penalties from tax bill?

You can abate the penalties with a Form 843. Since you had a paid preparer that prepared the return, that can be your defense, but only if they...

Can New York state take my federal tax return for student loan repayment?

If I am correct, it is the IRS, and not New York State that has taken your federal refund to satisfy a federally guaranteed debt. And yes, they can...

If you haven't files tax return for 15 years or more, and willing to get it resolved. What would happen?

Definitely find a tax attorney in your area to help you. What they will do often depends on what you are doing. If you are just a small business...

I am being sued for by County of Bexar for delinquent property taxes and not sure what I should do.

Didn't they send anything to the rental house? They had that address. But it is almost never an excuse that you didn't receive notice saying you...

Is it legal to be legally married in Canada and claim single on American taxes?

Technically, the state you move to determines the marriage status of the parties. Most do accept marriages that were legal in another jurisdiction....

Can my girl friend claim me on her taxes without my back child support coming out of her taxes

Your girlfriend can claim you as a qualifying relative if you lived with her for the year and made less than about $4,000 in income. If you made...

My divorce decree state that both parents can claim our minor child on alternate years. does the fed tax override the decree?

This is more complicated than it might seem. One is state and one is federal law. Legally speaking, the federal law controls and the IRS will...

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If I form an LLC and I own 98% of it and 2% I give to a friend do I have to share with him 2% of profits at the end of year?

Why do you want a 2% owner with no profit and no role. If you offered me that, I would tell you to take a walk. Why I would want to risk getting...

Should I file an income tax form?

It sounds like you need to get yourself out of this situation if possible. It sounds like people are not paying bills and your name might be on...