A foreign national, non-US resident alien, is to be paid finders' fees by a US company. Is this income taxable IN USA? i

Simple question, but a complicated answer. I am assuming you are an individual working for compensation and not a foreign corporation. Because you...

Is my only recourse to start filing to be a 501c3 again from the beginning?

The IRS will automatically revoke a 501(c)(3) if the organization fails to file their 990 for 3 years. There is a streamlined reinstatement...

Ms. Shaffner is correct. There are two different basis calculations dependent on more detail about the transactions than you provided. If the...

My father died 2/4/13. Do I need to file a tax return for him for 2013 if his income for Jan. and Feb. was under $10,000.00?

If your father's filing status was single and his age was over 65, the income test for filing is $11,500. If under 65, then $10,000. My colleague...

It sounds like the CPA was negligent, but it probably does not make a difference to you. A tax lien results only from unpaid taxes. Here is how...

I received a 1099a for a deed in lieu that was final in June 2013 does this still qualify for mortgage forgiveness relief act

A 1099-A is issued on an abandonment of a property. The 1009-C is issued when there has been a sale of the property. There is a gain calculation,...

Do I need to file my taxes together with my husbands in I want to file for his papers in a couple of months?

Your filing status (regardless of future plans for divorce) is determined on the last day of the tax year, 12/31. If you were still married at...

We received 2008 home buyer tax credit but our home was foreclosed on by HOA

If you purchased the home in 2008 you likely received a credit on your 2008 tax return of $7500. Without burdening you with too much detail, the...

If my attorney's contract entitles them to 45% of the net recovery, why have they taken 45% of the amount before taxes?

Mr. Patrick is correct, first look at the fee agreement. Net recovery usually means what's left after expenses and this should be spelled out in...

Are these money orders still good?

Probably not. You can not negotiate the money orders because they likely require you Mom's signature. To redeem the checks from the issuer...