Generally speaking, yes if the property is actually rented out during the periods for which depreciation is claimed, and it must be used in a trade...

Generally speaking, only timely rollover to IRA (within 60 days of receipt) may qualify as tax-free for income tax.

You should repost your question in immigration category. It shows up in Tax section now on Avvo and this is not a tax question. Disclaimer: The...

Tax law and immigration law are not the same. Generally speaking, for tax, income from independent contractor work is subject to withholding and...

Generally speaking, as a resident alien or tax resident, you are subject to US tax on your worldwide income, including capital gains from the sale...

Generally speaking, yes. If you meet certain requirements and can substantiate the support provided, you should be able to claim your daughter and...

The IRS discontinued the use of Form 1040, Schedule C-EZ starting with the 2019 tax year a part of effort to simplify tax forms and reduce the...

Generally speaking, if it is a single-member LLC, failure to file the required Schedule C timely would subject you to the penalties. Specifically,...

Generally speaking, to correct the issue with the IRS, you should first contact payor to request a correction of the 1099 form. If payor does not...

Generally speaking, yes to whether there is an obligation to provide TIN (social or EIN) to the company. When an individual is required to provide...