I have incorporated a Delaware C corp. with 750,000,000 authorized shares with a par value of .0001. I am selling 50 million shares to accredited investors through Reg. D 506 (C), 10 million at $1 each and 40 million at $2 each. I want to get 500M shares issued to me. What are the tax implications of issuing and selling these shares, and how can I structure future capital raises to avoid unnecessary taxes?

November 1st, 2023

I need to update my auto monthly deposit information due to my account being hacked in late December and early January. I have new routing and account numbers now. How can I update this information for my next payment on February 8th?

May 24th, 2024

If a Canadian corporation pays one owner a dividend and another owner T4 income for doing the same task, such as laundry or temporary front desk coverage, would this be an issue for CRA audit? Are there CRA rules requiring the same task to be paid out the same way?

December 1st, 2024

My previous employer did not withhold state taxes for me in 2021. I worked remotely for a company in NYC but stayed with my family in MA due to the pandemic. I found out when I filed my taxes and now I owe money. What should I do?

November 18th, 2024

I received a 1099 for my Amazon book sales for last year. Shortly after I started selling my book, I formed an LLC (but I am the only member). Amazon didn’t send me the 1099 with the LLC listed, just my legal name. Can I still file it as-is or does it have to reflect the business? I believe I can still file with my personal taxes since it is a one member LLC right? Also, am I able to write off my internet if I use it a lot for my book designing and writing, considering I have another job where I work from home as well?

October 31st, 2023