US Citizen married to foreign national who is not a US citizen / permanent resident and lives abroad - can he file taxes jointl?
Everett's answer
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Answered on February 26, 2022
Yes - non-resident alien can elect to file a married filing joint return with a US citizen or US resident, but will need an SSN or ITIN to do so.
Can 500 acres of land be put in a Trust to avoid paying capital gains tax if the monies from the sale are left in the Trust?
Everett's answer
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Answered on February 20, 2022
The trust would also be liable for income/capital gains tax on the sale. Is it necessary to sell the property now? If the widow doesn't need the...
How do I transfer money from China to the US for a down payment on a house?
Everett's answer
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Answered on January 31, 2022
The gift is non taxable income to him and to you. If received in Texas, it would be his separate property. You should keep your documentation,...
The property Iive on is in probate.i have no lease lived here 17 years. Executer has shut off water. I pay the bill. What can i
Everett's answer
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Answered on January 30, 2022
As you describe it, it appears the neice is daughter of the deceased, and an heir. and you are not an heir.
Can a disable person still qualify for a homestead exemption, if their home is owned under a trust?
Everett's answer
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Answered on January 28, 2022
Generally, yes, but it does depend on the specific trust provisions.
Passive income or LLC?
Everett's answer
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Answered on January 22, 2022
I don't see how your income is passive, as it appears from your limited description that you have a trade or business of selling books. I assume...
Are heir’s equally responsible for expenses of property?
Everett's answer
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Answered on January 20, 2022
If one co-owner of the property pays more than his share, he has a right of reimbursement from other co-owners for the amount of expenses related...
Can a foreign national create LLC and invest in residential real estate with plan for leasing the properties?
Everett's answer
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Answered on January 14, 2022
Generally, it is preferable for a non-resident alien to invest in US real estate with a limited liability entity such as an LLC, rather than own...
Will I have to pay taxes on a property that I gift deed to a church if I’m allowed to live there till death?
Everett's answer
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Answered on January 10, 2022
You would still be liable for the taxes, as is ordinary for a life tenant. Your charitable contribution may be limited, or even denied as it may...
Am I responsible for deliquent taxes on a mobile home that is on my property, but not in my name.
Everett's answer
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Answered on January 10, 2022
Yes, property tax on mobile homes can be confusing, but as you describe it, it appears there is in rem liability as to the trailer itself, but you...