Approximately 20 years ago, I established an irrevocable trust and received an ID number. I cannot find this number and am 76 years old, trying to organize things for my wife. How can I find out the number?

December 30th, 2023

I am forming a new LLC partnership with 6 members. Member A is contributing intellectual property (IP) valued at $125k and will work full-time without salary for 6 months. Member B will also work full-time without salary for 6 months. Member C will invest 160 hours per month for 6 months and be paid from future profits before other members. Members D, E, and F will invest 50 hours per month for 6 months without special repayment. Should the starting capital accounts be $0? Should A's capital account match the FMV of the contributed IP? Should C's upfront time investment be booked as a loan or a special allocation of income? Will any members have tax liability at the formation of the LLC or before receiving income from the LLC?

June 8th, 2023

Why would an LLC elect to be taxed as a corporation, and if the owners of 13 corporations change their business formation to LLCs, would they still need to file 13 separate tax returns or would each owner just file one tax return with the profits of all the LLCs? The goal is to protect responsible members from the tax actions of irresponsible members.

March 28th, 2024

I’m making tax payments every month that are taken out of my account. I need paperwork stating how much has been paid and the balance to send to a mortgage company. How can I find that?

May 12th, 2024

If I live and work in California, but work for a company based in New York and pay New York State taxes, can I collect unemployment in California if I was recently terminated?

September 3rd, 2023