Money Snatchers

annonymous asked: I owned a business that unfotunately went into foreclosure. The bank has done an auction on the equipment and property and there is still a debt left over on the loan which I personally guarenteed of $350,000+. My accountant is telling me that I may potentialy have to pay a substantial [...]

chrissnively asked: I am looking to buy two houses for use by me and family members. I would issue shares to me and two other members of my family. If I were to die, they would get the shares equally. I am hoping to do this to avoid paying taxes on the [...]

Eddie asked: To clarify, do we just need to check a line in Form 1120, if so, which line or do we need to file another form ?
Do accountants charge you extra if you wish to avail of those refunds ?
Thanks in advance for your tips and advice

katty_jb asked: My husband purchased stock in a private corporation. The corp. is in the process of printing out the stock certificates for the investors and they want to know whether or not we want just my husband’s name on it or both of our names on it. Does anyone know the tax [...]

sciencegeek+ asked: well corporate welfare too

vitor.fereira asked: I live and work in the U.K and i have an LLC in Delaware
The reason for creating the LLC in the U.K is to avoid paying corporation tax,
Delaware has no sale tax and because online business services are tax free (we have an online business).
Now that doesnt mean that i avoid income [...]

SaveANickelDIY asked: I have about 20 people in my group that want to invest in tax liens. We don’t want to draw any salaries because our startup capital is quite low. However, we want the liability protection. What makes better sense to form, an LLC or corporation? Either way, we would [...]