IRS corporate gift rules STATE OF CALIFORNIA

Nope, your deduction for those is going to be limited to $25 each per Section 274(b)(1). California law conforms to this rule.

If you didn't sign the return, then you didn't file it. Assuming your facts are just as you've stated them, and you weren't involved with this tax...

As a member of a two person LLC with less than 50%, do I have any options if the managing member runs the company poorly?

You might. As the majority member, your partner has a responsibility to manage the company in a way that is best for its owners, including himself...

I'm afraid I can't give you any specific advice about how to go about collecting the debt. An attorney more experienced than I in civil collections...

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Do i need to report income from a source that is not 1099?

I think you get the idea, but because you're a lawyer I'll give you a cite: IRC sec. 61(a)(1) provides, "Except as otherwise provided in this...

If I want to purchase a new car, should I purchase it personally or should I purchase it through an LLC?

There is no difference at all whether you purchase the car through an LLC or personally. Tax deductions for trade or business activities make no...

Should I meet with an IRS Criminal Investigator without an attorney if they have already confiscated all money from my biz act

As my colleague said, do NOT meet with the IRS before you've consulted with counsel. You absolutely have the right to be represented and the...

LLC pass-through taxation

As you say, the single member LLC is a disregarded entity for federal income tax purposes. It is also disregarded as separate from its owner for...

What is required to have 2 members withdraw from 4 member LLC and remaining members retain trademark & trade secrets?

All of my colleagues' answers are sound -- i.e., the bottom line is that this is a matter sufficiently complex that the LLC and probably the...

I had an LLC in Oklahoma, but moved to CA and applied for a CA LLC and will be using the same FEIN. Is this okay?

You could also convert the OK LLC into a CA LLC without having to establish a new company, assuming OK law provides for such conversion. CA law...