210 legal [2, *]questions have been posted about taxation by real users in Michigan. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include estate and gift taxation, income tax, and tax audits. All topics and other states can be accessed in the dropdowns below.
Recent Legal Answers
Corporate shareholders aren't liable for the corporation's debts. That would include any late filing penalty. The IRS can only try to collect from... Read Answer
Because you're married and don't have a legal separation, if you file a tax return, the status would be "married, filing separately". However,... Read Answer
It's his problem with the IRS, not yours.
You too should have a record of what you paid. If necessary offer to pay the costs, labor and expense, of retrieving the data.
You need to obtain a new EIN for the new LLC. There could be some tax ramifications to the transactions you are contemplating and I would certainly... Read Answer
I would certainly suggest that you counsel with an attorney regarding your plans. Generally if you have a separate LLC it will have a separate... Read Answer
See an attorney. In general a gift is not taxable to the recipient.
Receipt of a gift is not a taxable event. It is possible that your donor will have Canadian taxes to pay. I don't know.
Probably yes. But note that probably his income and tax liability is community property. Still it is probably beneficial. Plus, if it turns out... Read Answer
See an attorney to assist.
Yes, see an attorney. You can buy them out or possibly sell the property and claim for reimbursement of your costs if there is an estate open.
In that case see an attorney and accountant with the details. There may well be some tax benefits, they will be limited but cannot be determined... Read Answer
If he is providing a majority of the support or has an agreement or court order authorizing it, yes.
See an attorney or accountant, basis can be a tricky question.
Did your mother leave a will? Does she have an estate (that is did she leave any assets where there was no beneficiary designated such as bank... Read Answer
Self employ, report on Schedule C, and deduct expenses.
First of all, with regard to this "settlement" that you may receive from an accident case, I'm not sure why the IRS would enter into the picture... Read Answer
Refer to the IRS website. See information pasted below. IN summary, you must obtain a ITIN (Form W-7) if you cannot obtain a social security... Read Answer
You can file separate. And it won't mean that you go to debtors' prison.
You cannot claim your girlfriend. You might be able to claim her children if you provide over half of their support (food, lodging, medical care,... Read Answer
I would speak with an attorney, but generally the found money would be yours, coming with the real estate. The same with the potential present or... Read Answer
I would need to review the contracts which you are running under to form an opinion.
Conveyance of real property occurs upon delivery of the deed to the new owner, not upon the recording of the deed. If you sign the deed and deliver... Read Answer
Well, this is a community property state, so technically, half of your husband's income is yours and thus could be reachable by the IRS. This is why... Read Answer