Me and my spouse are living in different states due to work, can we file tax return jointly?

Yes even if both of you live in different states you can file jointly for IRS purposes. However, to file jointly in one state you both must report...

Unlike the rest of the country, MA requires all residents to have medical coverage. If you are a full time student and here only as an F1 visa,...

What's the difference between an American/PermResident and a foreigner who are listed as Beneficiaries on a 401K account?

There are no issues with the US citizen but the foreign person will be required to pay income taxes on each withdrawal and [subject to their being...

YOU probably cannot get a good answer from this website because much depends on what happens if you are audited by either the IRS or the state. The...

If I have DACA and am 18 years old do I have to file my own taxes or can I filled under my mom as a dependent ?

FASFA is no a tax question but I believe that it doesn't matter about being a dependent of your mother or not. As for filing your own taxes it...

PayPal issues 1099’s based upon IRS rules and not MA law. It’s perfectly legal to sell used clothes online but if you’re not selling your own...

Fair Market Value (FMV) inherited property, when still is up to a final decision in probate. Property was under appraised.

That’s an interesting question. My approach would be to be conservative since depreciation is not elective. Thus I would use the lowest value for...

Green card mariage & filing taxes when living in different states for past 6 months?

This is a very complex question which requires in my opinion you hiring a tax lawyer who prepares tax returns. There are issues raised as to how...

Worked for small business and got paid personal check or cash, no the business closed its doors?

Unless you can show you had withholding via a pay stub or writing from the employer, it will be hard to show what was withheld. I suggest you...

If the life tenant has been renting out the house then it can qualify as a 1031 exchange so long as a replacement interest in real estate is also...