India Service Firm and US IRS rules

Based solely on your description there is a very good chance that you do not have any US tax liabilities or filing/compliance issues; however, I...

Can I put me and my wife's metrocard costs as an above-the-line deduction in our joint tax return

You cannot deduct these expenses; the only way to get that benefit is to use pre-tax dollars under an appropriate plan.

How much am im going to owe the IRS for a settlement totaling 19800k of that I owe 14259k in medical bills. Is balance taxable?

There isn't any way to know because you haven't said what that part of the settlement is for. You also, generally speaking, haven't said what the...

After student loan debt and after the IBR I will owe taxes on the remainder. How does that work?

You want an estimate of your tax liability in 25 years? There is only one thing anyone can have any degree of certainty about: you will most...

Want to take my parent's name off the deed, is there any tax repercussions?

The transfer from your parents to you would, generally speaking, be a taxable gift for which your parents will either have to have an exemption or...

What is the correct amount to depreciate on an investment property purchased through 1031 exchange?

The adjusted cost basis of the original property carries over through the 1031 exchange and becomes the cost basis of the acquired property, plus...

My husband had a partnership business in 2008-2010 and they never applied for a sales use tax permit. Can they still audit him?

Short answer: yes. If this is the case, then your husband needs to start speaking with a tax attorney now, before they start hitting him with...

If my wife becomes pregnant before the 2013-2014 tax time does she claim the unborn as a dependent

You can claim the child as a dependent only after it's born; so if it isn't born in 2014, then it cannot be claimed for 2014.

Do I pay tax on a monetary judgment if I get work done instead of a check?

Based solely on your description, if you accepted the trade up or the work, you would have taxable income of approximately $1,500, i.e., the amount...

Generally speaking, if you have no employees then you aren't required to file Form 940. Read the instructions to Form 940 and see if they apply to...