Feb 22 2010

Can the IRS seize an LLC for personal taxes?

Savings and Investments
CHRISTIAN B asked:


Can the Irs Seize a business which is an LLC for non payment of personal property taxes? We do not own a home and have no bank accounts. No retirement, savings, investments. All we have is a small business in a rented building.
Sorry, I meant personal income tax, not property tax. My mistake.

Kimberly
Feb 10 2010

Financial Question on investments/savings?

Savings and Investments
blobspotter asked:


What is the best sort of investment for someone with around £500/$750 I am interested in learning more about higher risk,higher return investments and also the safer investments with lower rewards.Ideally I would like to be able to get my money out within a year and have made some kind of profit.

Evan
Feb 07 2010

Tax savings through investment in a new car for consultant business?

Savings and Investments
dance4860 asked:


I have earned money as a consultant (self-employed) as well as an employee (8 month) this year. If I buy a new car tomorrow - can I claim the car as a business investment and thus reduce my income for this year?

Benjamin
Feb 05 2010

When will my investments be worth what they were in October 2008?

Savings and Investments
J. asked:


In mid-2008, I was so proud of the money I had been working hard for and saving for retirement. I also had some money in a taxable investment account. Then at the end of 2008 and the beginning of 2009, I was very disappointed as I saw the value of my hard-earned savings/investments plummet to a sad number indeed.

To put it simply, when will things be better again?

Enrik

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