Do I need to pay taxes on a transfer of money to pay for real estate?
You mentioned you are acting as a Power of Attorney, and the money is only being used to buy a house for your relative. In this situation, you...
Jersey City, NJ
Tax Lawyer at Jersey City, NJ
Practice Areas: Tax, Immigration
You mentioned you are acting as a Power of Attorney, and the money is only being used to buy a house for your relative. In this situation, you...
Based on the information you've provided, here is a breakdown of your questions: (1) You may qualify to make the §6013(g) election for the 2025...
The Substantial Presence Test (SPT) generally uses a three-year lookback period. Typically, time spent in the U.S. under J-1 status does not count...
You may not need to file Form 5472 and a pro forma Form 1120 by April 15, 2026. The tax year generally starts from January 1 to December 31 each...
If you were married as of the last day of the tax year, the IRS considers you married for that entire tax year. This holds true even if your spouse...
I agree with the above attorney's recommendation and the detailed explanation. Although it is likely possible to amend your return later, it will...
If you and your U.S. citizen spouse choose to make a valid §6013(g) election and file a joint tax return, you will likely be treated as U.S....
As you mentioned, you arrived in October 2025 and were present in the United States for fewer than 70 days. In that case, you are unlikely to meet...
If you're a U.S. citizen, you may need to pay U.S. taxes on your worldwide income, even if you live abroad. If you decide to give up your U.S....
You are likely covered by FATCA if you qualify as a specified individual. If you hold a green card, you likely qualify as a specified individual. ...