Health Savings Account and Health Insurance Premiums

Only certain insurance plans (typically High Deductible Plans) are compatible with a Health Savings Account. You should work with a health...

LLC: only income in 2013 was $300 from a bank as a promotion. I did not fill up Form 1065. What should I do?

I agree you should file 1065 returns for your LLC, especially since you apparently incurred a loss in 2013 despite the income you received. The...

It appears your LLC elected to be taxed as a partnership and obtained an EIN on that basis. You should be filing a partnership tax return (form...

Can someone explain NJ law for me Quoting NJ Law 34:11-4.2. Time and mode of payment; paydays

Generally, as provided by N.J.S.A. § 34:11-4.2., New Jersey law requires most employees be paid the full amount of their wages at least twice a...

I assume you are referring to the certificate of formation which you filed to form your LLC and the certificate only had your name as member or...

Who gets paid first from a judgment? IRS, State Of New Jersey Division Of Taxation or judgement creditor

It is certainly disturbing to see a business and its owner being harmed by the embezzlement of a former employee. While your company and you...

It is difficult to answer this question without more information. Generally, it is better to dissolve the LLC rather than have it administratively...

I'm part owner of my home, but pay all the property taxes - may I deduct the entire amount on my state tax return?

With respect to the property tax deduction or credit relating to your NJ Income Tax return if you own the home with other individuals (except your...

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What are the first steps in forming a non-profit? Is there a cost range you can provide?

In New Jersey not for profit organizations can be formed as corporations, limited liability companies or unincorporated associations. Non profits...

Last year (2013) my mom claimed me on her taxes but I never filed my own taxes am I still able to do that?

You can still file a return for 2013 and probably should since you are working. Your mom may be able to claim you as a dependent on her tax return...