I have an S corporation (PC) w Fed Tax id and i conduct my
i have an S corporation (PC) w Fed Tax id and i conduct my business (medical office) in NJ......now i want to open another business (in NJ) also medical business ..........my Q is may I use the same Fed ID and just get another tax ID in NJ, so i can file Fed tax w my old number and NJ taxes i pay under my new NJ tax ID? Tnx
I am in Los Angeles CA. I have my car repossessed for the
I am in Los Angeles CA. I have my car repossessed for the second time by Toyota.This time they are asking me to pay the arrears plus the balance to pay off the vehicle.they gave me 10 days extension to 10/16/2016.I want to know what my legal recourse is to extend more time or to only pay the arrears wichi is about $4k.I intend to keep the vehicle because it is worth about $25k. The full pay off amount including arrears, balance, penalties, and fees is $9k. What can I do? I just need a little more time to reclaim it?
I am in pro per in a family law divorce case. My ex-wife and
I am in pro per in a family law divorce case. My ex-wife and I was business corporate officers. She ran the office and we had a independent bookkeeper working for us at the time. My ex-wife and bookkeeper was in charge of the payroll. I learned four months later that mt ex-wife and bookkeeper did no pay our payroll taxes. Longs story short, we shutdown the business, and we each became personally responsible to pay the unpaid payroll tax for 2 quarters through our personal bankruptcy chapter 13 case. . My ex did not work there after we shutdown the business. We became legally separated shortly after. The family judge made me pay for her half after date of separation for the next two years. This payroll tax was a result of her acting in the capacity of corporate offieer breach of fiduciary responsibility. I am not getting anywhere in the family law court system. Can I I sue my ex-wife under the civil law to recovery payments I made in her behalf?
4 Scenarios that I need an answer for regarding lawsuit
4 Scenarios that I need an answer for regarding lawsuit judgements won in NY State Supreme Court.1st Scenario--judgement won (and entered) post dissolution date (by proclamation) against an "inactive" NY State corporation....service though ordered from judgement creditor and used by judgement debtor before dissolution (by proclamation) date while an "active" corporation....how (if at all) can the judgment be moved (and applied) from the dissolved corporate entity to the 100% shareholder owner personally as on judgement date there was no active corporation to apply a judgment to, only a personal DBA entity existed at judgement date not an active corporate entity.Inotherwords does an "inactive" NY State corporation have a right to "close out its business affairs" even while inactive and not have the risk of having the judgement moved to insider / officer shareholders because of the technicality of the corporation not existing on judgement date under a scenario where shareholder insiders were paid out in full (but for fair value--no fraudulent conveyance proveable) before creditors... or do the courts demand an effort by the corporate entity to stay active in order to "stay" the debt from being applied personally, and thus once inactive the corporate veil disappears for judgement debtors as it is not good "public policy" to let debtors drop their corporate registration and tax filing obligations and still maintain the protection of the corporate entity in order to avoid debts and judgments being applied personally post dissolution against the DBA.2nd scenario--An "active" NY State corporation pays all outside creditors properly for services rendered but officers and corporate insiders (who are also shareholders) remove all other assets in the form of salaries and fee payments leaving a single judgement creditor (me) unpaid...is there a legitimate legal process available to me where the court can order all distributed corporate funds clawed back into the active corporate entity in favor of a new "pro rata" distribution which would include the judgement creditor entity (myself) being paid pro rata along with other creditors leaving the "insider shareholders" to receive what is left after the non insider creditors are paid in full?....the assumption I am making is that the "insider shareholders" did provide genuine full "value" in return for their salary and fee reimbursements so there exists no "fraudulent conveyance" per se except in this case equity holders were paid out before all arms length creditors leaving the creditors unpaid.Scenario 3--same as scenario 2 except the funds removed by the insider shareholders were removed for less than the "fair value" of the services rendered.Scenario 4--same as scenario 1 except use of services by the judgement debtor occurred after (not before) being "dissolved by proclamation".
I've had a small business, sole-proprietorship for 32 years.
I've had a small business, sole-proprietorship for 32 years. 15-20 years ago my bank (it's a large US bank) gave me a $100K secured line of credit requiring interest-only payments. We maxed it out during the crash, 2008-2009, and set up monthly auto-payments from our business checking account to cover the interest. Three years ago in a first-step effort to someday pay it down, we set-up auto-payments of $200/mo towards the principal. We've shown nothing but good-faith and want to increase principal payments as soon as we can. We don't want to be paying 6% on this loan forever.In June I got a call from some division of the bank calling in the loan. He asked if I could make a large principal payment then much higher monthly payments. I couldn't. He said he understood, and has to turn it over to the high-risk dept. They'll contact me and let me know if there's anything they can do for me.Yesterday when the $40K was taken from my account, I called and was told they'd tried contacting me at least a half dozen times, including two letters. Honest to God I didn't get those letters (I would NEVER have ignored them). And she left four phone messages for me, but I thought they were sales calls; she gave her name in the messages, saying she's with the bank, but nothing else. I get sales calls from all three of the banks I have accounts in – offers to refinance, investment tool offers, etc. I didn't recognize her name so I didn't return her calls.I've been with this bank at this location for 25 years (it was two other banks before this one absorbed the last about 15 years ago). I have numerous accounts with them and have been a model customer. We also had our business in their building (my branch building) for twenty years. Up until 2.5 years ago, we paid rent of (depending on how much space we needed at any given time) between $3200 and $6500/mo.My wife and I begged and pleaded with the woman on the phone yesterday asking for her to put the money back and set up a more aggressive monthly payment plan. We proposed $2000/mo. The loan would be paid off in four years. She wouldn't budge. They were keeping the $40K and we need to set up a monthly payment for the balance.We pleaded and pleaded and after checking with her supervisor (who she would not let us talk to), she said they'd put $15K back in the account if we signed a monthly payment schedule for the balance.My question is, is there anything I can do but say yes? This is going to wipe out what's left of my piddly retirement account. Bankruptcy is not an option. And the only other asset I have is my home. Do I have any negotiating clout? Would they reduce the amount due, or do they have no incentive to do that? Tx
A large bank has had an unjust, meritless preliminary
A large bank has had an unjust, meritless preliminary injunction against me for 6 years the PI restrains me from selling or refinancing my office building complex that is my only source of income and my only asset. The mortgage is up and the lending institution will not give an extension or refinance, they will begin foreclosure. Is Chapter 11 bankruptcy restructuring the best remedy? can I ask the bankruptcy court to extend the mortgage until the PI is lifted and can I ask to pay interest only? any ideas will are appreciated.
18 September 2016 09:40 ok i understand that in terms of
18 September 2016 09:40ok i understand that in terms of properties....what about buying a new refrig. some repair to the house 2 to 3 k dental for on implant......charity org.s replacing a 14 years old car.....how much money in the bank..min....stocks.....what is the maximum amount that i can work with and what are the min allowed.......in texas.
I have a debt owed to me that a person has refused to pay.
I have a debt owed to me that a person has refused to pay. The total is $2350.00 from 8/20/15. Last response from the person was 9/2015. Is there a website where forms are available to collect/try to collect from them? From the initial reminder letter to the demand letter? As well as the filing letter for the court? I know where they live as well as license information etc. Thank you.