Taxes - Inheritance - Foreign Country

There is no tax on the receipt of an inheritance from another country. However, your spouse will have to file a Form 3520 if the amount is...

Is $70k per year a good salary to sponsor my parents to USA on IR-5?

Sounds terrific. Why not talk to an immigration lawyer in Houston?

You can either file a 1041 for a grantor trust with a statement on it to the effect that all items are reported on the grantor's return; or you can...

IRS offshore voluntary disclosure (OVDI, OVDP) question

Yes. It can and has taken more than 6 months to get a fully executed closing agreement back.

How do I start a non-profit theater group?

Hire a competent tax attorney in your community to decide whether the non-profit should be organized as a trust or as a corporation under state...

Is it possible for a non profit in its forming documents, to state all humans are considered members?

There is nothing in and of itself that prevents your organization from claiming that all human beings are members. But that has really nothing to...

Is a non profit corp that has had its status revoked by the irs breaking the law if it is still operating and acting like

Do not rely on the IRS for help with this. Call the attorney general of the state of Ohio. Call the police. That is the quickest way to get to...

Can I raise money for charity in my small business?

The easiest way to do this is to simply talk to the charity in which you are most interested and ask them for guidance on how to collect the funds....

Limiting tax liabilities on an inheritance

Is your grandmother's estate over $5,340,000? If not, then there will be no federal estate tax. If it is more than that then she needs not just a...

Do I have to pay taxes on foreign dividends which I do not collect?

If you are not the true party in interest, then it is not your tax liability. But if a 1099 or other reporting form is issued to you you better be...