Don't look to the IRS to resolve the short pay itself as they do not care. You can file a complaint about the tax preparer, and they may take...

You can acquire property with a lien on it; however, the purchase will not disconnect the lien from the property. So, assuming the lien is more...

It depends... I am assuming you are treated as a sole proprietor through your single-member LLC. This means all income flows down to you...

You have many issues in your question, including immigration, international tax, estate planning, trust, and state and federal taxation. This is...

I agree with the previous posts but want to add that you could have other filing requirements in other states depending on the number and sales in...

CA is a community property state. Property received from inheritance is generally considered separate property. However income earned during...

An S Corp is a pass through entity which means all the income and expenses flow to your personal return on the k1 which you have to report on your...

The fact that he is a felon does not effect his ability to claim a dependent on the tax return. What matters is if he qualified to take the son as...

No IRS tax law says that you have to divide or even equally divide a tax refund. Some states (community property states) take the position each...

It depends… It might be easier and cleaner to transfer the property over to the LLC. But if there is an outstanding mortgage on the property,...