TaxEsqBlog -by Ronald J. Cappuccio, J.D., LL.M.(Tax)

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) because I may be receiving business from customers all over the world? REPLY: You may be subject to tax in other states depending upon your type of business and contacts within the state. Even if you do not maintain an office in a site, if you sell enough merchandise in a particular state, that state may try to tax you. Because the states are hungry for revenue, you must anticipate attempts at taxing and auditing your business. You should immediately contact a tax and business attorney to help you establish your business right.Please tak a look at my web site http://www.taxesq.com/

===========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 have put a lean against his property in the amout of $110,000. We were married in August of 1998. We have never filed a joint return. During the years where i earned income, I filed seperatly. He has no reportable income at present, but I do. Furthermore, he told the IRS agent where I work. Will they (or can they) attach my wages? Am I responsible for any portion of his debt? What if we were to divorce? Please advise. Thank you.===========Reply: http://www.lawguru.com/cgi/bbs/mesg.cgi?i=46639028===========Category: Tax and Taxation LawLocation: PASubject: Re: Liability for spouses past due income taxYou are not liable for your husband's taxes prior to your marriage. Your husband should immediately contact a tax lawyer and file...

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 received by the charity from the sale of the car, rv, etc .

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 reasons behind the Tax Court decisions. See Full Article

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 & 98. Dad has been paying off this debt for years in installments. He can no longer pay. I want to put the debt into ''non-collectible status''. He has some money in a savings account due to the money my sister and I have been giving him over the years and some of which he saved on his own. I don't want the IRS to attach my dad's savings. As my sister and I will need it to take care of him further. Can he gift some money to me and some to my sister so the IRS will not seize it? It's really our money for taking care of him financially for so many years. Thank you. =========== Reply: =========== Category: Tax and Taxation Law Location: FL Subject: Re: IRS Liens & Gifts to Chil...

=========== Question: http://www.lawguru.com/cgi/bbs/mesg.cgi?i=27320174 =========== Category: Tax and Taxation Law Location: VA Subject: Tax law if married a man who owes taxes I 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 since i married him? if you has outstanding debts, will i have to pay any of that either? =========== Reply: http://www.lawguru.com/cgi/bbs/mesg.cgi?i=37803588 =========== Category: Tax and Taxation Law Location: VA Subject: Re: Tax law if married a man who owes taxes You will not be liable for the taxes owed by your future husband. Nevertheless, when you get married, if you file a Joint Income Tax Return, the IRS may keep any potential refund that you would otherwise have coming to you. This can be disputed, but takes time and effort. I suggest that you and your fiancee consult a tax attorney prior to your marriage. If you have further tax questions, see my web site at http://www.taxesq.com

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 requesting an extension through December, 2005. The 3-year limit ends in April, 2005. Should I give the IRS the extension? =========== Reply: http://www.lawguru.com/cgi/bbs/mesg.cgi?i=628780324 =========== Category: Tax and Taxation Law Location: MA Subject: Re: Audit Extension You should definitely discuss this matter with a tax attorney prior to signing the extension. It all depends on the type of audit. For example, if the IRS is reviewing every document for a Taxpayer Compliance Audit, an extension would probably be inadvisable. The tax attorney could review the documents and determine the risk. Usual...