How will a 1099c affect my tax return debt discharge is 621.12
Cancellation of debt is generally considered to be taxable income unless it falls under an exception or if it is excluded by law from gross income....
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Cancellation of debt is generally considered to be taxable income unless it falls under an exception or if it is excluded by law from gross income....
If your wife is applying for citizenship then USCIS will request 3 years of her tax returns, assuming that you are a US citizen; if not then 5...
No but you may be required to file Form 3520 and other information reporting forms. The penalties can be severe for not reporting on these forms so...
You will eventually get an underreporter notice. You can address it now by filing an amended return to avoid failure to pay penalties and interest....
You file the return with the ITIN application. An ITIN will be assigned to you regardless of your illegal status.
There's probably no tax, but there are definitely some reporting requirements. FBAR, Form 3520, and FATCA are just some of the reporting...
If you're married, then also a family law attorney to hedge against potential contingencies.
You could try the IRS international hotline. https://www.irs.gov/uac/help-with-tax-questions-international-taxpayers
Section 887A ("exit tax") applies to covered expatriates. Covered expatriates are US citizens and long-term residents. Long-term resident is...
This is something you should speak to an immigration attorney about; my understanding is that it's acceptable to file married filing separately but...