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A student, who has been in US for about 4 years, is considered resident alien or non-resident alien for tax purposes?
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Answered on August 25, 2016
The answers depends on your visa status. Generally, after being present in the US for any part of more than 5 calendar years on an F, J, M, or Q...
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If a LPR stays outside the US and doesn't file an I-407 is there some point at which they are no longer liable for income tax?
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Answered on August 25, 2016
Generally, a long-term permanent resident will remain a US taxpayer until formally abandoning the green card, regardless of where he/she lives....
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Do i have any rights to the house where i live, if my mother in law and husband passed away?
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Answered on August 24, 2016
Texas laws protecting homesteads are robust, and allow a person to establish a legal interest in certain real property that exempts the property...
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Exact tax residency termination date for a person abandoning a green card
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Answered on August 22, 2016
Generally, for a green card holder, the residency termination date is the last day of the tax year (December 31 for individuals). But for a green...
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Archived
What law requires people to file and/or pay "income" taxes?
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Answered on August 10, 2016
You are wrong. There are multiple laws that have survived multiple challenges that require you to report and pay tax on your worldwide income. It...
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What is the best legal structure for a foreign national to hold real estate in the US?
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Answered on July 06, 2016
There isn't *one* structure that works for everyone because there can be more than one situation that works, and not every foreign national has the...
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Tax return with 1099 c form
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Answered on January 24, 2016
Yes, this amount needs to be reported on your tax return if you were solvent at the time of the debt discharge, though there are exceptions from...
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Do I have to pay taxes on the amount on form 1099-c or does some sort of exclusion apply? Thanks
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Answered on January 17, 2016
The general rule for income taxation is that if a debt is discharged for less than the full amount of the debt, then the debtor has income equal to...
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Filing taxes
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Answered on January 17, 2016
This isn't a question. Please repost with the complete question.
Should I try and come clean with the IRS through a tax attorney?
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Answered on January 15, 2016
Yes, this sort of situation will need an attorney to protect you because you have very significant penalty issues related to unreported income. You...
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