Should a new resident who received his green card at the end of last year 2015, and worked oversees file tax return ?

As a husband and wife, you can only file as married filing jointly or married filing separately. If you file jointly, you will have to report the...

My colleagues are correct, the proceeds are probably not taxable. Further, you should not receive a tax form. Aaron

Mr. Shuster is correct. This payment is a gift to the student, not a donation.

TAX question--Is there any write-off of attorneys fees in regards to splitting 401K account?

I am answering this question under the assumption that you are splitting the 401k because of a divorce. The IRS will not allow a deduction for the...

Do I have to report a non taxable lawsuit settlement to the IRS?

There is not enough information here to answer your question. How is the settlement non-taxable, was is proceeds from a personal injury case? Did...

Does a LLC that's taxed like a C-corp provide the owner the barrier & protection between personal and company assets?

In addition to what Mr. Lyon stated, if you are investing in real estate you should strongly consider using an LLC or S-corp. A pass-through entity...

Do I pay federal income tax on my beneficiary check from an estate of...made out to me

Generally, a beneficiary is not taxed on money received from a revocable trust or distributions from an estate. The fact that you received cash...

What is the least taxed method to use the proceeds of an overseas real estate sale to invest in a US real estate project?

International tax and real estate sales are a very complicated area of taxation. With the amount of money you have invested, you should not try to...

How do I get the taxes back on my sign on bonus?

The IRS permits a taxpayer to either treat the repayment of the bonus as a itemized miscellaneous deduction or a tax credit in the year of...

Can I file a tax return if I owe money to credit card companies?

You should always file your taxes by the filing deadline. If you do not, the IRS will file a return, which never is in your favor. I do not know...