When earning rental income from real estate in Africa, you may have U.S. tax implications and filing requirements based on specific...

You may be able to classify these dividends as qualified dividends and get the benefits of a lower tax rate. Generally, to do so, you need to meet...

Your wife may not need to file a Foreign Bank Account Report (FBAR) because her foreign accounts are below the $10,000 threshold. You also may...

If you sell your home in Georgia and move to Europe permanently with no remaining business, property, or income in Georgia. In that case, you may...

If you receive a 1099-NEC Form, it typically indicates that you are being treated as an independent contractor rather than an employee. Thus, you...

Can you please explain what you mean by “guarantee money”? Do you mean a minimum money guarantee for some reason? If it is for work, then it may...

1. If you are legally married, you cannot file your tax return as a single. 2. Generally, it depends on the filing status. If you filed joint...

Generally, income is taxable regardless if it is received as cash or cryptocurrency. Thus, subscription income earned in cryptocurrency is likely...

Yes, NY state tax obligations are separate from Federal tax obligations. Any payment made to IRS covers only the federal taxes not NY state taxes....

Take care of the notice ASAP. Generally, when your reported income on your tax return does not tie with the IRS record, IRS issues a CP2000...