Tax cuts

Four tests she must meet for you to claim her as a “qualifying relative” 1. Relationship: Sister OK 2. Gross Income: Hers must be less than...

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Hello. Good day. My question involves the difference between a contract & an agreement & whether or not I have any obligation

A contract and an agreement are the same thing. “No contract” doesn’t literally mean there is no contract. Those four words mean that you are not...

We've been s corp for 6 yrs.1 yr ago we took note for 300,000 to buy competetors business. going under. bankruptcy?dissolve corp

The key is the misrepresentations in the sale. Unfortunately they were oral. If you can somehow prove those, you may be able to rescind the...

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Is social security income 50% or 100% taxable?

Neither. Up to 85% of the SS benefits may be included. A lower percentage is taxable if the taxpayer has “provisional income” less than $44,000,...

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I'm incorporated in Nevada under ABC, Inc. Can I file and do business under a fictitious corporate name DEF, Inc. ?

Yes. CA B&P Code 17910.5 prohibits a person from using the suffix "Inc." in a dba, unless that person is a corporation. So, you are OK in CA. ...

What is the best way to buy a division of a business that is not split up into true divisions?

You need to make lists splitting up the assets. Then you need to hire a CPA who can make pro forma balance sheets showing those assets based on...

Using one DBA under another?

In California you couldn’t do it. The B&P code 17913 (b) (3) specifies that the DBA statement shall state the full name and residence address. ...

Can I sue my brother-in-law in New York on a contract if I live in Atlanta?

Venue would mean you have to sue in NY, so you would probably need to hire a NY lawyer. Any recovery would be likely eaten up in attorney fees. I...

ESOP account

Employers have some flexibility in setting up the plan rules on withdrawals, but once the choices are made they generally must follow the terms of...

You are all hung up on insurance coverage when the real issue is just liability. If the HOA was negligent in letting the leak occur, then the HOA...