What state to set up non profit in: legal residence state vs state I am currently living in.

There's no substitute for obtaining legal counsel to help you choose between two states' laws. However, in my experience, most nonprofits...

Under what circumstances 501(c)3 organization required to get the W-9 forms from the vendors?

Receipt of an invoice does not preclude an otherwise required 1099, which you will be required to file unless an exception applies (e.g., a...

How can I ensure that my offer in compromise to the IRS will clean up everything owed to them?

A properly drafted offer-in-compromise will cover all taxes of a specific type (e.g., income taxes) for the tax years at issue. The IRS will not...

I am partner in small consulting firm. I want to get out. how can I leave and yet still receive income from contracts created?

You can structure a partnership exit (a "retirement" in tax lingo) with deferred payments. In fact, retiring partner deferred payments can be...

Formed a corporation and not LLC, to keep entity separate from attaching to myself. Why EIN application is asking for my SSN?

I just answered an almost identical question, so you may want to search for it, but at least for tax purposes, the corporation and individual...

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Will my corporation be treated as separate entity for both USCIS and IRS even when EIN has my ITIN linked?

For tax purposes, yes if you're forming a corporate (not a single-member LLC), then the IRS will not treat yourself and the corporation as the same...

What are ways to tax shield a corporation legally?

There's no "one-size-fits-all" approach to business tax planning. To minimize taxes, you should speak with a business/tax attorney about your...

If I run an incorporated consulting business and the business buys an apartment what are tax implications of living there?

You will probably encounter a lot of complexity in reporting and paying taxes if you do this arrangement. You may also lose certain privileges,...

In Wisconsin, is it OK to set a lease-to-own agreement for 7 years or more? What are legal and tax pitfalls?

I think it would be much more common to structure this arrangement as a seller-financed sale.

Is it legal for my neighbor and I to buy each others house and rent it back to each other to get tax advantages.

You're describing something very similar to a specific tax shelter transaction called a SILO (sale-in-lease-out). The IRS is all over these and has...