Can a student on F1 visa trade in bitcoin?

I cannot address whether investing activities would violate any of the terms of your visa, but there is nothing inherently illegal in buying and...

I have inherited a non spousal ira in the state of Iowa. I have an irs tax debt. Can the irs seize this ira?

The IRS typically only seizes IRAs if it has exhausted other collection options (bank levies, wage levies, etc.) and was unable to collect the...

A relative used my address to receive IRS/Tax Franchise letters. She owes massive backtaxes, would they do a search warrant?

The IRS and CA Tax Franchise Board would only obtain search warrants for her at your home if they were considering prosecuting her criminally. The...

Yes, you should amend right away and pay any balance due before you are subject to any interest charges, which would apply after April 18th. You...

Yes, you can sue someone for filing fraudulent returns on your behalf. However, you should also file amended returns to correct any errors. You are...

I am a self employed individual going to start selling goods online

Assuming you are working at this regularly, you will need to file a separate Schedule C with the business of selling through Amazon. Amazon may...

I gave my tax preparer my tax papers on February 10 and she hasn't filed nor gave me back my forms cant reach her she wont take

You may want to try going to her office. Sometimes tax preparers use strange hours during tax season, so if she's not there the first time you go...

I am a Student paying my own tuition, and also the owner of an llc. Can I deduct my tuition from my income?

There are certain requirements that must be met in order to deduct your tuition expenses on your Schedule C. I suggest you look at IRS Publication...

When renter file tax how will it affect the landlord tax

If you rent out your property, you will need to declare any rental income on your tax return. There are several deductions you are able to take...

Depending on on how your pension and brokerage accounts are structured, your US tax return may not be quite as simple as you are thinking. If it is...