My biz. partner & I co-own two real estate investment properties. He wants take the loins share of depreciation. Thoughts?

Taking depreciation against the partnership agreement could give rise to a breach of contract claim or some other claim relating to a member acting...

I am a non resident alien and I own a condo in NY which is not rented. I intend to sell this year and I wonder if is better to

You should consult with a CPA or tax attorney, because there are several complicated issues you're dealing with. For starters, US withholding in...

I'm in a different country and recieved my W2's from the US. I'm wondering how I can get my returns back if I don't live in US.

By "returns" I assume you mean "refund." The IRS really doesn't care where you are; if you're a US citizen or resident you are required to file a...

I'm in a different country and recieved my W2's from the US. I'm wondering how I can get my returns back if I don't live in US.

By "returns" I assume you mean "refund." The IRS really doesn't care where you are; if you're a US citizen or resident you are required to file a...

Does one exempt organization need to worry about renting space to another exempt organization?

Depending on the actual facts, it is possible that rental activities could, if substantial, threaten a 501(c)(3)'s tax-exempt status. Activities...

I received in the mail on March 21st a Schedule K-1 form from a company that I'm assuming has to do with the IRA. My question

The deadline for calendar-year entities is either 3/15 (for S corporations) or 4/15 (for trusts and partnerships, including LLCs), and both are...

I'm not 100% sure what your needs are -- it sounds like you'd like, in the event one of you passes away, for the estate to recognize the 50-50...

There is no single form for a demand letter, but I would note that you can find many forms online by searching for "demand letter." I would note...

Can I claim as head of household?

Unless you divorced by 12/31/13, you must either use "married filing jointly" (which generally gives you the best tax result, but required...

How do I transfer all my common stock to my business partner, giving them 100% ownership in a NC S corp.

That sounds like an unfortunate, yet all-too-common situation. The two primary approaches would be to either transfer your shares to the majority...