If an LLC with 3 foreign owners (NRA) has income not effectively connected with the USA, do I need to fill out the income statement and balance sheet in Form 1065, and how should this income be reported to avoid U.S. taxes?

January 2nd, 2023

I have been a victim of an online money scam where someone posing as an IRS agent has been demanding payments. I have already paid out a significant amount. Can this scam be stopped, and what should I do to protect myself and report this issue?

May 16th, 2024

I have been filing and paying sales tax under a different taxpayer number for my business. I never saw the first taxpayer number that the agent sent me, so I applied for one and got sent one from the state. Is there something I need to do?

March 19th, 2024

I have questions about tax loss carryforwards in M&A transactions. Can a company acquire another company solely for its tax losses to offset its taxable income, and what are the limitations and complications involved?

August 18th, 2023

My wife passed away in February and had life insurance through her employer, which used Prudential. I took the lump sum. Will I have to pay taxes on it? I read that it is not taxable income.

September 1st, 2023