Archived
Hi,
I'm selling my my late parent's house which has a reverse mortgage on it.
Bruce's answer
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Answered on February 20, 2013
If the house was included in your parent's estate, then the basis for capital gains tax purposes is the fair market value on the deceased parent's...
Archived
W-4 withholding
Bruce's answer
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Answered on February 19, 2013
Yes.
Archived
I just get my i - 155 stamp , what form i do have to file to get my taxis 1040 or Ezekiel , i do worked for ?
Bruce's answer
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Answered on February 19, 2013
My understanding, and I am a tax lawyer, not an immigration lawyer, is that an I-155 stamp is for a lawful permanent resident who has an I-94 and...
Archived
If my divorce papers say my ex husband can claim my oldest son, am I still able to claim him for earned income"?
Bruce's answer
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Answered on February 19, 2013
It sounds like your divorce papers only address the dependency exemption, which means you can claim him for EIC purposes.
Archived
If i filed my taxes as head of household will that have any effect on filing for my spouse to get a green card?
Bruce's answer
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Answered on February 19, 2013
I believe that the answer is "No." However, I am a tax lawyer so you must check with an immigration lawyer.
Archived
How long after the death of our Father before the final estate taxes have to be completed and filed? This is in the state of Pa.
Bruce's answer
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Answered on February 19, 2013
No estate taxes are due because it is significantly below the $5,120,000 exemption. An income tax return is due on April 15, 2013.
Archived
Who should legally be qualified to claim a child on their taxes.
Bruce's answer
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Answered on February 19, 2013
Read the rules provided by the IRS in Publication 501: http://www.irs.gov/publications/p501/ar02.html.
Archived
If I cash out my Calpers pension of 13k , due to having no income will I still be taxed at 40 percent penalty ?
Bruce's answer
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Answered on February 19, 2013
The premature distribution excise tax is 10% Federal and 2.5% California. However, there is an exception for distributions to disabled people so...
Archived
Income tax
Bruce's answer
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Answered on February 19, 2013
The 16th Amendment to the Constitution authorizes Congress to impose an income tax. Title 26 of the U.S. Code imposes the income tax.
Archived
Is filing a copy of current year tax return enough for LUSCIOUS ? or we need to wait to get the transcript ?
Bruce's answer
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Answered on February 19, 2013
As indicated by the knowledgeable immigration lawyers, do not use a transcript when a tax return is available. Also, hire an immigration lawyer;...
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