Archived
What do I need to do to start an online business that provides services to many different states, possibly different countries?
Thomas's answer
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Answered on September 03, 2012
An S corporation for income tax purposes will be a good place to start as you can receive a salary and the rest is paid out to you in dividends and...
Archived
Where do i turn for help, when sibling are trying to control / bully you ?
Thomas's answer
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Answered on September 03, 2012
You need a durable poer of attorney to take care of your mther's finances and a heath care directive to make the medical decisons. You also need a...
Archived
My father is dying of cancer and he has a will, but my step mother is planning to change all titles over to her name b4 he dies.
Thomas's answer
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Answered on September 03, 2012
The first question is why the change over. If the change is just to avoid probate and not change the flow of assets contrary to your father's...
Archived
Tax Question! We have not filed our 2009, 2010, or 2011 returns and we owe $142,000 for 2008. Should we get a tax lawyer?
Thomas's answer
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Answered on September 03, 2012
yes as you are flirting with criminal sanctions.
Is there a self employment tax in NJ?
Thomas's answer
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Answered on September 03, 2012
Self employment tax is a federal tax and applies to all states including Jersey.
Archived
How are LLCs taxed?
Thomas's answer
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Answered on August 30, 2012
If you do not take any further action, the entire amount of income will be taxed on Schedule C of your 1040; you will also incur payroll taxes. ...
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