Questions answered by Sebastian Nye-Schmitz

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Is one of these income tax disclosure programs required if you are filing some recent income tax returns late?

Sebastian's answer | Answered on September 23, 2014

I agree with both the prior posters in that this is a highly complex issue that will depend on a determination of willfulness. For example, it may...

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How can I manage my father's bank account in Puerto rico , he's in icu suffered cardiac arrest and is now on a ventilator

Sebastian's answer | Answered on September 22, 2014

Unless you have a power of attorney, you will probably need to file to be appointed guardian of your father.

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How can non-US residents open a bank account?

Sebastian's answer | Answered on September 22, 2014

I agree that you will probably have to appoint someone to act on behalf of the LLC unless you plan to travel to the US to open the account in...

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My wife has received over $100k from her dad overseas over the last few years.

Sebastian's answer | Answered on September 22, 2014

This is a question of circumstances and surrounding facts as indication of the parties' intentions and needs to be discussed with a CPA, EA or...

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Can the IRS audit a foreign corporation?

Sebastian's answer | Answered on September 15, 2014

If you own sufficient stock in the company and you are a US person, you may need to disclose and provide backup proof for various information...

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Are there tax exemptions for US citizens who haven't been to the US for decades? And having low foreign wages?

Sebastian's answer | Answered on September 15, 2014

If your income exceeds the personal exemption plus the standard deduction, you generally need to file an income tax return. Even if your return...

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Need an experienced international tax attorney in Fairfax VA to advise on disclosure of unreported foreign bank accounts.

Sebastian's answer | Answered on September 15, 2014

Avvo search should be able to help you, along with martindale hubble.

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Do I need to file a tax return?

Sebastian's answer | Answered on September 15, 2014

If you are on a budget, you may be able to obtain tax advice from an enrolled agent. There are many issues that need to be addressed.

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I have a tax lien from 10 years ago does never filing taxes in my life or being in prison for the last five years exempt me

Sebastian's answer | Answered on September 07, 2014

If you have never filed a return in your life, the statute of limitations for those unfilled returns never begins to run. You should consult with...

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Foreign Student Start-up in US, how do I pay taxes, what's involved?

Sebastian's answer | Answered on September 07, 2014

You will certainly have to file a partnership tax return on behalf of the partnership. This will provide you with a schedule K-1 which will then be...

Sebastian Nye-Schmitz's Answers (102)

Is one of these income tax disclosure programs required if you are filing some recent income tax returns late?

How can I manage my father's bank account in Puerto rico , he's in icu suffered cardiac arrest and is now on a ventilator

How can non-US residents open a bank account?

My wife has received over $100k from her dad overseas over the last few years.

Can the IRS audit a foreign corporation?

Are there tax exemptions for US citizens who haven't been to the US for decades? And having low foreign wages?

Need an experienced international tax attorney in Fairfax VA to advise on disclosure of unreported foreign bank accounts.

Do I need to file a tax return?

I have a tax lien from 10 years ago does never filing taxes in my life or being in prison for the last five years exempt me

Foreign Student Start-up in US, how do I pay taxes, what's involved?