Can we sue a tax preparer for making an error on a previous years' tax return?

This could depend on a number of things, including in particular the contract with the preparer. If you are asking whether you can compel the...

How should a foreign investment entity handle a 2011 K-1 received for shares it had held and sold in 2011 in a NYSE-listed LP?

This is quite a complicated issue which could depend on the activities of the publicly traded partnership in addition to the activities of the BVI...

2 member LLC and both members are tax residents of different states. What if only 1 member forms it?

There are obviously significant differences for you between being an owner of an LLC versus an employee. For the LLC you will want to be careful to...

Is there a way I can fight the IRS and a past employer if I never received a 2nd W-2?

If the second W-2 is legitimate then the IRS is likely to prevail. Your former employer may be penalized for providing a W-2 late (or maybe even...

I am buying a business, am I required to continue advertising with AT&T?

It may depend on (a) whether you are buying an entity (i.e., shares of a corporation, LLC interests, etc.) or assets; and (b) if you are buying...

Company

It all depends. If you operate as a single member LLC (you are the only shareholder) or sole proprietor your "company" does not pay tax. Rather,...

I am receiving a settlement from my school, its for breach of contract. Do I have to pay taxes and if so how much?

More than likely, yes. Presumably your damages are lost employment or lost income or something similar. Such awards are generally taxable as...

I can add that I am personally aware of a situation where an individual in the US on a work visa and waiting to be sworn into the NYS Bar received...

An S-corporation is a regular corporation for state law purposes which has a special tax treatment. If you don't have a buy/sell agreement, i.e.,...

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