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Is a medical settlement amount taxable?
What is the minimum wage requirement when filing tax becomes mandatory for a couple?
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Answered on July 13, 2015
Generally, lawsuit settlements for physical injury are not subject to US income tax. However, that is the general rule, and to the extent the...
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My mortgage company did not pay one out of the three taxes for this past year(2014). I was sent to delinquent collections.
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Answered on July 13, 2015
You could sue them for your damages, however, it would appear your damages are very small, since you would owe the taxes anyway regardless of their...
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How to plan our move to avoid California State Income Tax in 2016?
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Answered on July 11, 2015
Obviously, to avoid being a California resident for 2016, you should not move to and reside in California until after 2016. If you move during...
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I need to know if it is legal for US citizens to draw a pension from Canada. If it is, how does if effect your taxes
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Answered on July 10, 2015
Yes it is legal to draw a Canadian pension in the US. If the pension contributions were tax deferred, you will be subject to both Canadian and US...
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I'm a US citizen living abroad married to a non-US citizen. Am I suppose to be filing my tax return as a single or married?
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Answered on July 09, 2015
You can file married filing separate, or if your nonresident alien spouse elects to you can file married filing joint.
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IRS transcript for CR-1 petition
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Answered on July 08, 2015
You need to get the Wage and Income Report transcript, which is the report of payers including 1099's, W2's. etc.
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Do I have to pay taxes in the US while working in Saudi Arabia?
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Answered on July 03, 2015
Yes, if you are a US citizen or US resident you are subject to US income tax on your worldwide income. You may however qualify for a foreign tax...
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Do I need to charge sales tax on web app creation?
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Answered on July 02, 2015
The issue of what particular factual circumstances meet the legal definition of a statutory term is usually answered by reviewing case law,...
What is the difference between total sales and taxable sales?
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Answered on July 01, 2015
I assume you are preparing a monthly or quarterly Texas sales tax return. Total sales does not include the amount of sales tax you have collected...
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Texas Question-Do I owe back ad valorum taxes on an inherited property?
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Answered on June 30, 2015
The general rule is that an owner has no liability to reimburse a co-owner or tenant for property taxes, insurance, maintenance or other costs that...