What is the tax implications of selling a home in india and moving the proceeds to the US?

I assume you both own half the house. Both you and your Mom need to report your share of the capital gain since US citizens and US residents are...

Is it possible to successfully reduce property taxes after May 31 (Texas)

Generally, you must file your protest within 30 days after the date the notice was sent to you, at your last known address. You should update your...

Texas Estate/Inheritance Tax limitations

Generally, assets that are in a fiduciary account, such as a bank account or brokerage account, pass according to the terms of the fiduciary...

Yes - parsonage home owned by a chuck may apply for and obtain a property tax exemption. Also, the rental value of a home provided by a church to a...

Who normally is given the right to claim a child on taxes as a dependent?

The general rule is the parent with primary custody of the child, as determined by which parent has the child for most nights of the calendar year,...

Will my 10 year green card renewal be denied if i havent filed a tax return for 2013 since green card has been expired for 2 yea

Being current on taxes, including filing tax returns and paying taxes due, relates to the "good moral conduct" requirement for green card...

Can my mom legally claim me on her taxes if I am 18 and make 30,000 a year?

Yes - she can still claim you as her dependent if she provides at least 1/2 of your support. Support includes ordinary living expenses of food,...

I am an international student under F1 visa status, which at this point is on shaky ground. Should I also pay taxes in the US

It appears from your information you are a nonresident alien foreign student on F-1 visa. Assuming you have not exceeded the 5 calendar year limit...

I was levied for over $9,000 last year instead of just 1500 that the levy letter asked. It's not included in my W2?

The way you ask the question makes it appear you may be confused about your tax situation. Ordinarily, a levy is a seizure of assets, such as a...

IRS 1099 was issued to me from a daycare facility I volunteered. 1099 $30k now /2016 $60k should involve an attorney?

If you were an unpaid volunteer then the 1099 is erroneous, and it may be helpful to hire a lawyer to get the daycare to issue a corrected 1099,...

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