I am moving overseas next month, will i have to file and pay maryland taxes on income earned overseas

Much depends upon the nature of your move. If you change your domicile from Maryland to a place overseas, you will no longer be a resident of...

I'm thinking purely best tax benefits. In the the state of CA, is it better to form a S corporation or a LLC?

You should sit down with a CPA or tax attorney to discuss your specific situation thoroughly. This should not take that long to get an excellent...

How can I report illegal tax withholding?

1. Did you receive your $370 in tips? 2. If you did, then your earnings other than tips were $161.50? 3. If the two items above are correct,...

Home office tax question, installed A/C

Whether you are on a cash or accrual basis, you may depreciate the entire $18,000. That does not mean you can take the entire deduction in a...

Tax accountant filled my tax wrong and i am charged penalties to pay IRS. Can i sue tax accountant who made mistake

I agree with the previous two counselors. If this is a first-time penalty for you, the IRS will automatically abate it upon request.

The issuance of a form 1099 is not presumptive that you have reportable income. If the company will not make the revision, report what you earned....

Should i fill tax return or it is not necessary?

My advice is to file a tax return, possibly with your spouse. If you file jointly with your spouse, as a family, you may get a larger tax refund. ...

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Do you have to pay taxes on amount over 10 k overseas

I am not 100% certain of your question. If your question is whether you pay a tax on transferring money to an account IN YOUR NAME overseas, the...

Tax deductions for alimony, automobile and wife's credit card payments deductible?

They would most likely be considered a transfer under section 1041, which is NOT a gift. Section 1041 relates to transfers of property between...

Offer in Compromise - any tips based on experience? Their worksheet says I can offer $0. Will that work?

I would not offer $0. I would offer some number, at least $100. In terms of the section no how you will pay, I am generally vague in stating...