US Tax implications for non-US person with an account at US based brokerage firm

The U.S. does not tax capital gains on sales of securities owned by non-U.S. taxpayers unless the sale involves real estate or the sale of a U.S....

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Will I have to pay tax in the US for income earned in Dubai?

It depends on your U.S. tax status. Even if you are a non-resident alien of the U.S., if you spend sufficient time in the U.S. during the year...

How can a husband add his wife to the deed of his house?

The husband must sign a deed transferring ownership to husband and wife and then have it recorded at the recorded or deeds. This is quite simple,...

I need help with buying and returning business-related gear.

It is legitimate to deduct the cost of the equipment if it is an "ordinary and necessary" expense of your business. If you are buying it because...

What are the consequences if I do not turn over all the keys to my three family building at the closing table?

As landlord, you likely have the right to enter the apartment for good reason and at reasonable times after you provide notice. If there is a...

If you want to start using the old company, you should first determine the cost to "revive" it since it was already "Administratively Dissolved." ...

How is realized loss on cryptocurrency (regular trader) of about -$8k treated for IRS income tax purposes?

Crypto trading generally results in capital gains and losses for tax purposes. If your net trades for a particular year resulted in a loss of...

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In which cases will I remain an American tax resident after a lawful permanent resident status voluntarily renouncement?

So long as you have a valid green card, you are considered a U.S. resident for U.S. tax purposes and you are liable to file a form 1040 on an...

Me and my Husband are still married, would it be possible to file our taxes separately because I was told that we can't ?

Any couple that is legally married can file 2 separate returns or one joint return. So you can currently file with the status of "married filing...

I left the country after the oath. I might be abroad for more than 5 years. Is this going to be a problem??

Now that you are naturalized, you may spend as much time abroad as you wish and you should not have any trouble returning to the U.S. An exception...