Hi i am based out of India and my company is registered in India. Need to understand Indo-USA taxation details.

Tax residency certificates are generally required to take advantage of tax treaty benefits. It is not particularly difficult for U.S. taxpayers to...

Act 22: Individual tax Incentive of Puerto Rico

Under federal law, Act 22 may only exempt Puerto Rico source income from U.S. tax. Also, under PR law, Act 22 only applies to passive types of...

Amending Tax Return via 1040X for last 2yrs due to wife (F2A) receiving Greencard+Social

There is an election available to those in your situation which would allow you to file a joint return with your wife. Please see this link to an...

Tax sent to IRS was returned by USPS due to shortage of postage

While you are responsible for applying proper postage, unless you had payment due with you return, the penalty for late filing will be zero or...

Do I need to file NY State Tax?

Whether you need to file in New York depends on the amount of income the two of you earned in New York last year. Assuming you are filing jointly,...

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What does using my father medical bill as deduction on my taxes mean?

Very likely the answer is that you can not deduct this expense. You can only deduct medical expenses if the recipient of the medical treatment you...

Can you write off gifts and up to what amount?

Gifts are only deductible from income taxes if they are to a qualified charity or foundation. Gifts are never reportable as income by the...

FBAR - Need to include spouse if separate account?

If the account is in your name only, and no one but you has signature authority over the account (i.e., you are the only one who signed a signature...