Can I Change My Small, Wholly Owned Subchapter S Corporation Back To A Sole Proprietor

Correction: The above relates to a C corp. Since the S corp is generally a nontaxable entity, there is no tax on gain on the assets of the corp...

Can I Change My Small, Wholly Owned Subchapter S Corporation Back To A Sole Proprietor

Yes, you can. To do so, you must dissolve your S cdrp, which is a taxable event. Any gain on the assets of the corp over the inside basis are...

Can a manager illegally bind a Georgia LLC

Under Georgia law, management is vested in the members unless otherwise provided in the Organization Agmt. Ga. Code 14-11-304. Your...

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I own corporation.

This is confusing. I see no solicitation of employees. Your employee, on his own volition, went to work for a third party, who was not a party to...

The three of you principals should hire your own accountant as well as a corporate lawyer. It sounds like the guy is applying partnership...

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Title of the document for determination parent's right to take 2 children as a TAX exemptions/deductions?

P.S. Form 8332, Release . . . of Claim to Exemption for Child by Custodial Parent is applicable only if you were transfering the claim to the...

Title of the document for determination parent's right to take 2 children as a TAX exemptions/deductions?

You do not state whether you are divorced. The rule for children of divorced parents is that the one who has custody for more that 50% of the...

Title of the document for determination parent's right to take 2 children as a TAX exemptions/deductions?

As the custodial parent you have that right if there is no settlement agreement to the contrary. I will send more information in a few...

Could I be acused of IRS Fraud?

I agree. There is no fraud. The IRS has a duty to compare tax returns of married individuals filing separately to be sure all W-2 income is...

I. Yes 2. No difference. The holder of confidential information can request an NDA from anyone as a condition to disclosing that information to...