An LLC is formed in the wife's name, but the husband runs the business and does the work. The LLC is currently a single member. Should it be changed to the husband's name? What happens if it converts to an S-Corp? How do you change the managers? This is in Texas. Please provide IRS references.

February 19th, 2024

I have a food truck registered to collect tax in Florida, but it has never made any money since. Can I start a charity under a new name and operate the food truck as part of this charity, even though the charity guidelines state it cannot have been a business in the past?

September 3rd, 2023

If I pay for assisted living for my mom, can part of that expense be counted as dependent care? What is the maximum deduction for that for 2018?

October 12th, 2024

The spouse owning a solely owned LLC in Oklahoma has died. What are the federal and state (Oklahoma) requirements for the surviving spouse to continue the business, including the need for a new EIN and the status of the LLC?

September 19th, 2023

I am a US resident and a co-founder of a startup company incorporated only in Mexico. Can I deduct startup costs from my US taxes, and does the company need to be set up in the US as well?

August 26th, 2023