Opening and keeping money in savings account in my native country while on H1B

Yes you can have a savings account in a foreign country. Yes, the account can earn interest and should not impact your visa status. If you meet one...

Can my wife give tax free gifts of $14000 to anyone.

A gift can be given of up to $14,000 to any number of individuals without needing to file a gift tax return. If a gift is given over $14,000 (and...

Is it possible to file for or ask the IRS for an extension in 2014 if you have not paid taxes in the previous 5 years?

As a purely theoretical matter, yes. One could submit an automatic extension of time to file and get a 6 month extension. The extension only...

Non-compete Agreement

You need to search for an employment law attorney. I will re-categorize this post to employment so that some people who are qualified in this area...

Emigrated 1979, still US citizen but haven't filed tax return since '79. Is there a way to normalize this if I return?

You will need to hire a tax attorney. You could have outstanding liabilities from the un-filed returns, but a lawyer and/or CPA would need to go...

Which law applies to a job posting website hosted in us but owned by an Italian citizen resident in Italy?

You will need the services of a US lawyer. Whether you need one in Italy would depend on the extent of connections you have to Italy. There are a...

Do i have to pay taxes if my relative send me luxury bag from overseas?

Generally, if the fair market value of the bag is under $14,000, then there would not be a gift tax issue. There will probably be duty charged by...

What happens if my CPA falsified numbers on my taxes and now theIRS sent me a letter that they are auditing me for 2012.

You need to hire tax counsel to help you with the audit. Since you signed the tax return, you are considered responsible to the IRS for what is...

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What is better for tax and legal issues - a Sole Proprietor or a Single Member LLC. ?

You will need to speak with a good tax/business advisor to structure something which meets your needs. Pro athletes who compete in multiple...

I am a US Citizen, taking a job in the gulf area.

If you are a US CItizen, you will be subject to tax based on worldwide income. There are provisions in the tax code and various tax treaties which...