While you may not have owed income tax, since you were self employed you were liable for self-employment taxes. These taxes are due when income is...

I legally divorced in November of 2018 and we have no independents together. What is my filing status for 2018 taxes?

You would file as single since as of December 31, 2018 you were no longer married. You cannot claim head of household because you have no...

What schedule in form 709 should we fill out?

I believe it is always best to have a professional (CPA) prepare and file returns. Since you made the gift in 2018 the 709 return is due on April...

How soon after i received LPR before i can get married and petition for my spouse in my home country to joined me in the USA.

This is an immigration question and not tax. I have reclassified it so that you receive more responses.

Does an American citizen who receives a gift of $150,000 from a foreign citizen needs to declare that gift in their Tax return?

I am assuming you are receiving the gift from a non-resident individual or foreign estate. You are allowed to receive gifts of up to $100,000 from...

I want to know if I can go bankrupt on taxes owed to the IRS?

Certain taxes owed to the IRS can be discharged in a bankruptcy. Although the Bankruptcy Code sets out what taxes can be discharged, the...

My Fiance Tried To E-file And Was Rejected Due To Someone Claiming His EIC?

Your fiance should immediately contact the IRS and report the issue. The IRS should issue him an ID number which will be used to file tax returns...

Can I amend past tax returns from Married Filing Jointly to Married Filing Seperately?

Once a return has been filed as married filing jointly, it cannot be amended to married filing separately.

Can I use my solar tax credit on back taxes owed?

If your 2018 tax return shows that you are owed a refund the full amount of the refund will be used to offset taxes owed in 2017. If the 2018...

You can open up a new business but it is very important that you do not transfer assets from old business to new business or make distributions to...