Tax return after getting permanent residency

$1,000 is the maximum per child. What each child is entitled to depends on their residency status, not on your SSN (or ITIN).

If I add my children's names to my house title, will that ensue a gift tax?

North Carolina has no gift tax and the Federal gift tax really only comes in to play for gifts over $5.4 million. For gifts over $14,000, you have...

Which lawyer should I contact to Restructure my business?

You should seek the advice of a business or tax attorney. What you describe is doable, but there are a few different options you would have to take...

Inheritance cash from abroad - tax triggers?

Let me start with saying that a tax attorney needs to look at the details of the account and how it has been handled for tax purposes to give you...

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I am a Canadian that just sold a condo in TN. in June of this year.. taxes withheld how do I get that money back

If it has already been withheld (this is part of the Foreign Investment in Real Property Act or FIRPTA), you can claim back the withholding by...

Federal tax question -- married filing separately

The CPA is partially correct in that the IRS will honor whomever files first, but if contested with the IRS, they will allow the credit for...

Is choosing to split up your hourly pay into taxed and non taxed amounts but in one paycheck ok? Will this effect W2?

If the income is taxable, then a company offering to take out a few dollars every month and not pay withholding on it becomes a problem. You will...

What are tax and social security implications for a US citizen and green card holder immigrating to Wales?

There is actually a lot you need to think about. The issue of getting US citizenship, as you discussed in your question, is more a matter of...

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If I open an LLC what would be my taxes?

You would have to determine how the LLC is structured for tax purposes. If the LLC is treated as a C-corp, the person can pay herself a salary and...

How long from the time it is received does the IRS has to take action on a properly filed IRS Form 6118?

I would hire a tax attorney at this point. One would have to see the letters you received from the IRS to say anything for certain. Preparer...