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How I Made Over $6 Million In The Stock Market – After taxes

How I Made Over Million In The Stock Market – After taxes
Read the report where a real life stock trader has turned a 0,000 account into over Million in the stock market in 6 years, after deducting taxes (his real gains are nearly million).
How I Made Over Million In The Stock Market – After taxes

Mlm Tax Advantage
The Legal Tax Benefits of Any Home Based Business Can increase your after tax, take home income by as much as 0-0 or more Per Month before you ever generate a single lead, sell a single product or recruit a single new associate into your business.
Mlm Tax Advantage

Be the first to comment - What do you think?  Posted by - January 23, 2011 at 2:14 am

Categories: Tax Lawyer   Tags: , , , , , ,

$150K in delaware franchise taxes for a revenue of $1838?

Question by Nitin G: 0K in delaware franchise taxes for a revenue of 38?
Hi, Last year we formed a corporation through a big name bay area lawyer who offered us big retainer. (Remember, this was before the economy tanked). They started our coporation with 10M stocks. As a token of doing a “retainer hour favor” they took 10K stocks for $ 10. Later when we tried to raise some funding, our lawyers asked us to amend outstanding stocks to 20M. When asked why, they said it will be easy for us to get funding this way. Now the economy tanked and without funding we focused on doing development with whatever resources we have. Yesterday, I got the notice from Delaware that we owe 150K in taxes. When I tried to contact our lawyer, they mentioned that we somehow used all of our retainer hours as they were billing us close to $ 650/hr
We made a total of about $ 1828 last year, and are in no position to pay huge taxes. I am right now in shock, but do you think we should go to some tax lawyers or just close the doors on our dream.
Thanks for your help and time.

Best answer:

Answer by v b
Even at $ 10,000,000 in stock, the franchise tax was $ 75,000.
Why did you say you had that much in capital when you didn’t?

From Delaware’s website:
If the total gross assets and/or issued shares equal zero, then please contact Franchise Tax at 302/739-3073, option 3.

http://www.corp.delaware.gov/frtaxcalc.shtml

Know better? Leave your own answer in the comments!

1 comment - What do you think?  Posted by - January 9, 2011 at 11:18 pm

Categories: Tax Lawyer   Tags: , , , , ,

Reasons Why You Should Hire a Tax Lawyer to Settle Owed Back Taxes


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Reasons Why You Should Hire a Tax Lawyer to Settle Owed Back Taxes

Reasons Why You Should Hire a Tax Lawyer to Settle Owed Back Taxes


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Home Page > Finance > Taxes > Reasons Why You Should Hire a Tax Lawyer to Settle Owed Back Taxes

Reasons Why You Should Hire a Tax Lawyer to Settle Owed Back Taxes

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Posted: Dec 22, 2008 |Comments: 0
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Highly Experienced
Tax lawyers have the education, training, and experience to help you solve your tax troubles. A competent tax lawyer will be knowledgeable about the IRS’ complicated tax code and therefore, better suited to help you resolve your tax debt.

IRS Defense
As you probably already know, the IRS can be very aggressive in their collection efforts. If you feel the IRS has treated you unfairly, then it is in your best interest to hire someone who has experience in dealing with the IRS and won’t be intimidated.

Privileged Communications
When you communicate with a tax lawyer or his or her staff, you can rest assure that what you tell them will remain confidential. Like all lawyers, tax attorneys are required to keep your communications confidential. They will only discuss with the IRS your financial information in order to resolve your tax debt.

Ethical Standards
Tax lawyers and attorneys are licensed and regulated by their respective state bars. They are required to complete a minimum amount of continuing legal education to remain up-to-date on their profession. They are also required to be honest in their communications. To do otherwise, would be to risk disciplinary sanctions by their state bar.

Skilled Negotiators
A tax lawyer’s negotiation skills and experience come in handy when negotiating with the IRS to resolve your debt. A tax lawyer can negotiate a manageable tax resolution since they have the experience and negotiation skills necessary to deal with the IRS.

Not Intimidated
Most taxpayers are intimidated by the IRS and the IRS knows this. On the other hand, tax lawyers are not intimidated by the IRS because they know what the IRS can and cannot do. Competent tax attorneys will not back down in their negotiations with the IRS until they have done the best they can for their clients.

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Roni Deutch
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The Tax Lady Roni Deutch and her law firm Roni Lynn Deutch, A Professional Tax Corporation have been helping taxpayers across the nation find IRS tax relief for over seventeen years. The firm has experienced IRS tax lawyer who will fight the IRS on your behalf.

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Article Tags:
tax lawyer, irs, tax settlement, irs back taxes

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The Tax Lady Roni Deutch and her law firm Roni Lynn Deutch, A Professional Tax Corporation have been helping taxpayers across the nation find IRS tax relief for over seventeen years. The firm has experienced IRS tax lawyer who will fight the IRS on your behalf.

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Be the first to comment - What do you think?  Posted by - January 1, 2011 at 1:11 am

Categories: Tax Lawyer   Tags: , , , , , , ,

Q&A: Why would the person who caught Barry Bonds 756th homerun ball owe taxes even if he doesn’t sell the ball?


by jaydedman

Question by trer: Why would the person who caught Barry Bonds 756th homerun ball owe taxes even if he doesn’t sell the ball?
http://sports.yahoo.com/mlb/news;_ylt=ArsLkjGQCTqQvRFFv7iROjg5nYcB?slug=ap-bonds-ball&prov=ap&type=lgns

“Even if he does not sell the ball, Murphy would still owe the taxes based on a reasonable estimate of its value, according to John Barrie, a tax lawyer with Bryan Cave LLP in New York. Capital gains taxes also could be levied in the future as the ball gains value, he said.”

I don’t understand why he would have to owe taxes on the “reasonable estimate” of the value of the ball if he never sells it? I understand paying taxes AFTER he sells it.

Best answer:

Answer by bostonianinmo
That’s Mr Barrie’s opinion. I do not agree with it, and the IRS has refused to comment publicly on the issue.

Several folks have already commented on the issue. Do a search and you’ll find a number of comments that disagree with most of what Mr Barrie says. IMHO, Mr Barrie is pushing for some free publicity and he’s certainly getting that.

Determining the ball’s value is fraught with multiple minefields. When it left the pitcher’s hand it was worth about $ 8.00 or so, the price of a MLB ball. Can anyone accurately predict a value based upon it being hit by a possbily juiced-up ballpayer? Will further home runs by Mr Bonds affect the value? How about if his records are stripped? The best predictor of its value will be what it sells for, should Mr Murphy decide to sell it. At that point, the IRS will be unquestionably entitled to its due. Given the fact that Mr Bonds’ future is not assured, Mr Murphy’s best bet would be to unload it as quickly as possible and pay any tax based upon the sales price.

Know better? Leave your own answer in the comments!

10 comments - What do you think?  Posted by - December 25, 2010 at 8:12 am

Categories: Tax Lawyer   Tags: , , , , , , , , , , ,

Personal medical computing: Entry level computing for health care professionals (who may fear computers more than taxes and lawyers)

Personal medical computing: Entry level computing for health care professionals (who may fear computers more than taxes and lawyers)

Price: [wpramaprice asin=”B0006OXR0U”]

Be the first to comment - What do you think?  Posted by - December 17, 2010 at 11:14 pm

Categories: Tax Lawyer   Tags: , , , , , , , , , , , , ,

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Be the first to comment - What do you think?  Posted by - December 10, 2010 at 4:16 pm

Categories: Tax Lawyer   Tags: , , ,

Tax lawyer Robert Wood discusses his article on new taxes

Tax lawyer Robert Wood discusses his article on new taxes
Video Rating: 5 / 5

Be the first to comment - What do you think?  Posted by - December 9, 2010 at 12:22 am

Categories: Tax Lawyer   Tags: , , , , ,

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