I'm a resident of Massachusetts and worked in NJ, RI, ME & MA in 2011. Do I owe state taxes to MA on my total wages?

I hope you had a CPA or tax professional prepare your return. MA taxes you on the income from the other States but you will get a credit for the...

Sold an Investment Property. How do I show taxes?

I do not like this. Please do not post anything else on a public forum. You did not state whether your received income in the previous years. If...

I have a single member LLC in Nevada. How can I change it to a 3 Member Consideration LLC? Thank you, Robin Komito

You should have a tax and business attorney draft an Operating Agreement, Resolutions and an Agreement of Sale. This is a good time to do it so it...

You cannot find an answer because there is none, The IRS typically takes 6-12 months to process an Offer in Compromise. I hope this...

Are proceeds paid out to a surviving spouse under life insurance taxable? Does the payout have to be reported to the IRS?

The proceeds are includable in the gross estate of the decedent. If the Estate is less than $5.143 million it is not taxable for Federal Estate Tax...

Can I amend my 2006 to 2010 tax returns to married filing jointly? It would significantly reduce my tax debt. Or is it too late?

Since it is less than 2 years since you filed, you and your ex-wife can file jointly for the previous years. Understand, you may owe more than you...

If I surrender my life insurance policy am I taxed on it ?

I suggest you do not surrender the policy. Instead, borrow against this. The loan is tax free. If you surrender the policy, the accrued earnings...

May I amortize the tax lien certificate for the cost I paid and the tax I paid on behalf of the owner on Schedule C?

Raw land is not depreciable nor amortizable. The price of the tax sale certificates adds to your basis in the property. Good luck! Ron Cappuccio

Selected as the best answer

Double taxing same amount in 2 different countries

Sorry. The US Income Tax does not consider Social Security tax a deduction. Everyone pays "double tax". I hope this helps! Ron Cappuccio

Is there a tax advantage or disadvantage to getting married before the end of 2014 verses waiting until Jan 1, 2015

It depends on your income and the income of your fiance'. If both of you have relatively equal income, you will probably suffer the marriage tax...