Tax relieve

The sales tax part is unclear. So, do you still owe 20k in sales tax? The IRS does not collect sales tax, so I am not sure where the 10k stems...

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Would there be any conflict with my Tax ID ( EIN) when I submit my bills using my business name

If you are sending invoices with the business name, and depositing them into a business account, this will be viewed as income related to the...

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My Mother claimed myself and 1 child as dependents on her taxes. Can my ex-wife go after my Mother for child support?

I am not sure about the child support question. But I can say that if your ex claims the child also, your mother will have a problem. Only the...

LLCs filing as S-Corp taxes

Attorney Nielsen is correct. The only thing I can think of, is that if it is a single member LLC, you would only need to file a Schedule C with...

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Can we pay out most of the estate proceeds to the heirs, reserving sufficient money to cover any additional inh tax?

You can be held personally liable for any difference if you are the PR, so make sure you do not over-distribute to the heirs. Christopher...

Can the IRS try to collect from a return in 2009 that I got a refund originally from?

Yes. The missed credit was caught immediately when the return was processed. However, some deduction on the return was likely caught later. This is...

Is there a statue of limitations from the time you file your IRS return and the IRS can say you owe them money??

They have three years to audit your returns from the date of filing. However, if your returns are off by enough, they have 6 years. For fraud and...

Can I sue my tax preparer for completing my return to late to meet the filing deadline?

Your preparer is correct. It is the date of the postmark. However, if you did not send certified mail, they can argue and say it was late. If you...

Where on a buisness federal tax return would I be able to find the net income?

If they want your Net Income, they would look on your income statement. But as the previous attorney states, this is not your taxable income....

My mother gifted me 11,000dollars worht of stock..in October this year-if I cash to pay her nursing home expenses...

An $11,000 gift is not taxable. You will take her transferred basis and recognize a gain or loss when it is sold. There will be no tax consequence...