QUESTION:I am trying to start up an internet business. I have recently formed an LLC in New Jersey which will own the site and receive all payments. Will I need to qualify to do business in every other state (and other countries presumably)...
===========Question: Category: Tax and Taxation Law Subject: Liability for spouses past due income taxMy husband did not file a tax return for several years. The IRS has contacted him regarding his failure to file in 1996, 1997, and 1998. They...
Until January 1, 2005, any car worth less than $5000 donated to a charitable organization can be deducted based on the reasonable "blue book" value. The new tax law, effective Jan. 1, 2005, limits your deduction for donations greater than $500 to the gross proceeds...
The US Supreme Court heard arguments today concerning the US Tax Court's failure to disclose opinions in large cases. The Tax court stopped publishing these opinions, even refusing to reveal them to taxpayers, since 1983. If the case is successful, taxpayers will now see the...
Category: Tax and Taxation Law Location: FL Subject: IRS Liens & Gifts to Children My father is old, sick, under med care, no longer working, has no assets, no real estate but owes the IRS approximately $30k due mistakes his accountant made in 95, 96, 97 &...
===========Question: http://www.lawguru.com/cgi/bbs/mesg.cgi?i=27320174===========Category: Tax and Taxation LawLocation: VASubject: Tax law if married a man who owes taxesI want to marry a man who owes back taxes.i am not sure if i do, will i be held for his back tax debt to i irs...
Should an Extension be Given to the IRS to continue an Audit? =========== Question: http://www.lawguru.com/cgi/bbs/mesg.cgi?i=556453537 =========== Category: Tax and Taxation Law Location: MA Subject: Audit Extension The IRS has been auditing my 2001 Federal return since April, 2003. After no communication since May, 2003, I received a letter last week...
IRS can accept Installment Agreements to pay PArt of Tax Due. New Internal Revenue Code Sec. 6603 provides for the Partial Payment of Tax Liability in Installment Agreements This new section clarifies the IRS authorization to enter into installment agreements with taxpayers for less than full...
New Mileage Rates for 2005 WASHINGTON — The Internal Revenue Service today released the optionalstandard mileage rates to use for 2005 in computing the deductible costs ofoperating an automobile for business, charitable, medical or moving expensepurposes.Beginning Jan. 1, 2005, the standard mileage rates for the use...