Archived
Will i be taxed on the selling. If yes how i will be taxed when i don't have Tax Id Number nor i Social Security number.
Kenneth's answer
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Answered on April 11, 2016
You are taxed on any gains from the sale and there is a withholding requirement under the Foreign Investment in Real Property Tax Act (FIRPTA)....
Archived
How to can my husband file his taxes with his non american wife.
Kenneth's answer
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Answered on April 11, 2016
If you are both tax residents and married, you can file as either separate or joint. There is sometimes a difference in the amount of tax owed, but...
Archived
Can a written agreement between parents of adult children override dependent tax law?
Kenneth's answer
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Answered on April 10, 2016
If the question is does a written agreement between two parties bind the IRS in some way, the answer is no (unless the IRS were to agree in...
Archived
Can rent be used to earn social security credits?
Kenneth's answer
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Answered on April 10, 2016
No, rent is treated as passive income under the Tax Code. In order to qualify as a SS credit, you would have to be a real estate professional and...
Archived
Does the foreign owner of U.S. company have to pay taxes in both U.S. and home country?
Kenneth's answer
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Answered on April 10, 2016
You would need to discuss this on a more specific level with an attorney who specializes in international taxation. As to taxation in a foreign...
Archived
Opened up an LLC 2015 June didn't do any business for year under LLC do I still have to file
Kenneth's answer
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Answered on April 10, 2016
For IRS returns, it depends on the tax election and classification of the LLC. If it is a disregarded entity, there is no filing requirement to...
Archived
What are the requirements for foreign tax exclusion in the US?
Kenneth's answer
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Answered on April 09, 2016
IRS Publication 54 (Chapter 4) is the main place to go with questions like this. https://www.irs.gov/pub/irs-pdf/p54.pdf
You may also want to...
Archived
Do we go to IRS (eligible for an advocate) or attempt lawsuit or something else?
Kenneth's answer
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Answered on April 09, 2016
This is an unfortunate and complicated situation to be in. You should contact a tax attorney or general commercial attorney in Texas to help you....
Archived
When does the 3 year statue of limitations begin on tax refunds?
Kenneth's answer
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Answered on April 09, 2016
An original return claiming a refund must be filed within 3 years of its due date for a refund to be allowed in most instances. There are some very...
Archived
What can I do to separate myself from HIS tax burden.
Kenneth's answer
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Answered on April 07, 2016
You will need to speak with a tax attorney who can go over your options as far as making an innocent spouse claim. They should also review how the...
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