Working outside USA for part year. Tax implications?

As you apparently know, U.S. citizens and residents are taxed on their world wide income. There are two ways to be a resident: (i) the so-called...

Taxation issue on a bond subscription

If you are an individual, then you are on the cash basis of accounting. Therefore, you will be taxed on the cash you receive on the bond when you...

Taxes for the gift receiver. For a gifted house. Gifted secured note

Mr. Nielsen has given you an excellent answer. There is no income tax on the receipt of a gift. Your basis in the house for purposes of a future...

I am having some troubles with IRS and California franchise tax board for the year 2010.

You don't need someone in San Mateo. Local is someone in California. Just give Mr. Nielsen a call.

How long does a person need to keep records of tax returns and bankruptcy?

You should keep your normal tax returns for 7 years. However, any records that relate to what you paid for an asset should be kept forever. Why? ...

What activities can a Church engage in without jeopardizing their tax-exempt status under Sec.501(c)(3) of the IR Code?

The primary issue a church faces is not loss of its exempt status but the imposition of tax on the income it receives from rental activities. If a...

AmI entitled to any money left on the refund?

Mr. Nielsen's answer is perfect.

How do I file a rental Property owned by a disregarded entity (Single member)

Mr. Nielsen has given you sage advice.

Property Taxes

Mr. Nielsen and Ms. Smith have correctly responded.

Mr. Rosenthal has given a marvelous response.