Is the entire amount of capital gains from the sale of a home taxable income?
The first $250k is exempt on a primary residence for US Income Tax. Good luck with the move! Ron Cappuccio
Cherry Hill, NJ
Tax Lawyer at Cherry Hill, NJ
Practice Areas: Tax, Estate Planning ... +5 more
The first $250k is exempt on a primary residence for US Income Tax. Good luck with the move! Ron Cappuccio
Why are you using a LLC to invest in publicly traded stock? Is it for estate planning purposes? Normally, there is very little liability being a...
Yes. If you are US citizen or Green Card holder, you will pay US income tax on the income. You would need to comply with Mexican laws for working...
I cannot answer this because I do not know what an OPT is. Ron Cappuccio
Please don't combine the two businesses. I do not want you to risk your capital investments with a possible suit from the software business. Please...
You have liability and it is possible your children may be assessed the Civil Penalty if the tax owed is employment taxes. What is the amount? If...
I agree with the other answer: if you receive a 1099 from the Bank and the account has your SS#, it will be taxed to you. You should see an estate...
Please retain a good tax and business lawyer!!! This is too complicated to"do it yourself". Your attorney will draft an Operating Agreement that...
Has a limited liability company owner, you are a "member" not a "partner". As long as the LLC timely incorrectly files the 1065 US partnership tax...
This is complex! If the $250-300k were services, the gain on the sale might be ordinary income. Of not it would be US based capital gains. Since...