Question: Business Law: Sole Proprietorship. My husband started his own construction/handyman business 3 years ago. It’s an LLC and only his name is listed. He originally did not add my name to the business because he just didn’t think to do it. Should he add my name...
An Internet service provider must hand over documents that disclose the identity of a person who sent an allegedly libelous e-mail about an executive director to the company’s board, a Manhattan judge has ruled, finding that the First Amendment does not preclude...
Question: IncorporationShould an independent software consultant (independent contractor) incorporate himself? Reply:Probably not. The better choice in most states would be to set-up a Limited Liability Company. This is a disregarded entity for Federal tax purposes....
The US Supreme Court determined that state laws banning mail order wine purchases from out of state suppliers while permitting local sellers to sell wine by in-state wineries is Unconstitutional. If a state permits direct sales from the winery to the customer, then it...
Good News: IRS Eliminates”Questionable” W-4 Form Requirement for Employers New federal payroll tax rules eliminate the requirement for employers to automatically forward to the IRS copies of all employee W-4 forms, Employee’s Withholding Allowance Certificate, that...
IRS has Simpler 941 If you’ve been preparing or even just signing quarterly employment tax returns for awhile, you probably recognize IRS Form 941. Also known as the Employer’s Quarterly Federal Tax Return, this is the form used to report wages, tips and other...
April 26, 2005 Mr. Ronald Cappuccio Cherry Hill, NJ 08002 Dear Ronald: Thank you for contacting me about bankruptcy reform. I appreciate hearing from you on this issue. In recent years, I have voiced support for a comprehensive review of our nation’s bankruptcy laws....
April 26, 2005 Mr. Ronald Cappuccio Cherry Hill, NJ 08002 Dear Ronald: Thank you for contacting me about bankruptcy reform. I appreciate hearing from you on this issue. In recent years, I have voiced support for a comprehensive review of our nation’s bankruptcy laws....
Credit Card Companies and abusive lenders such as rental centers got their wish; a new anti-consumer Bankruptcy Bill. Congress passed a bill forcing debtors to repay debts instead of getting them discharged. The bill also adds provisions requiring lawyers for debtors...
The IRS recently published filing and penalty statistics for FY2004. A whopping 6.4 million penalties were doled out on the 30.4 million employer withholding returns filed — a rate of over 20%. A total of $2.47 billion in penalties was assessed. Over 90% of the...