Alimony payments are included in income for purposes of income taxation. Although you may be entitled to $8,500 of alimony, which you would report...

I suggest contacting an attorney since there may be options to contest incorrect assessments beyond the typical statute of limitations.

Some returns permit filing a superseded return, but it has to be filed before the deadline. I agree that you should contact the tax department.

You can sell the property for the original purchase price, but any difference between the sale price and the fair market value will be considered a...

Consult a tax and legal professional, as the rules around passive income can be complex.

Foreign real estate is not required to be reported on Formaa 8398 or Form 114 (FBAR); however, bank accounts, securities accounts, and other...

As a resident foreign alien, you will generally be subject to the same tax laws as a U.S. citizen; however, a tax attorney should review the facts...

Yes, the amount that exceeds your basis in the mobile home (purchase price plus any capital improvements) will be subject to capital gains tax. The...

Generally, foreign assets will be divided in a divorce. A US court doesn’t have jurisdiction over a foreign asset, but the court has jurisdiction...

Generally, many states have fraudulent transfer acts that permit a creditor to "undo" a transaction where a debtor transfers assets for the purpose...

Selected as the best answer