Los Angeles, CA
Tax Lawyer at Los Angeles, CA
Practice Areas: Tax, Estate Planning
Yes. If you buy something for $1. and sell it for $2 you need to report the $1. profit. It doesn't matter whether that is on EBay or in any other...
In answer to your question "Can I sue my tax preparer," the answer is "yes." The question is "what are your damages?" If they are not much you...
You need to pose this question to a lawyer in the United Kingdom. We do not have a per capita tax in the U.S.
A gift from a non-resident alien that is not of U.S. situs property is not a reportable gift by the non-resident. If it is less than $100,000 you...
I suggest you call a competent litigator like Michael Doland at 310-478-1000 #15.
If your brother made you a gift it is not taxable income. If your brother is a U.S. citizen or resident there is no need to file an IRS Form 3520....
No: the payment is not a deduction since it came from your IRA. Yes, the award is taxable. You must issue the recipient a 1099-MISC. Ms. Erdmann...
The sale of the asset will result in taxable capital gains. It should be included on his tax return just like any other capital gain.
A gift to a charity is not considered in dealing with the $14,000 annual gift exclusion. The special rule on charitable donations from IRAs was...
You need to include the income earned on the account on your 1040 and your need to file an FBAR (FinCen 114) if it is over $10,000. You should...
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