Do I have to pay taxes in the US? Can I avoid it? How much do I have to pay? Can I send it to my home country instead?

Generally, E-2 visa holders are considered US person for many tax purposes, including wining settlement and wards, which are taxable unless you can...

Tax deduction on the relocation amount is legal?

Some employers include it in the W-2 income, but employees may take a deduction as unreimbursed employee expense subject to 2% limitation. The...

What is the best way to ask questions re taxes flowing in from a variety of sources and their allocation to expenditures ?

I am guessing you are a “city authority”, perhaps a member of the finance committee, and trying to explore different sources of money for the...

Tax - How to answer these questions on Federal W-4?

With that level of income, you would be best served if use services of a tax attorney or a CPA to review your total tax situation and fill out the...

Is Franchise tax applied to every dba under a foreign llc?

DBAs are not considered separate tax entities, and will owe only one LLC tax. The information presented herein is for general purposes only. It is...

Am I required to pay a California Franchise tax?

Yes, you are required to file and pay the S corp. franchise taxes. You could get the $800 waived if incurred losses in the first year. However, no...

Gifts from your parents are not taxable to you. If they US persons, then they should file gift tax returns. If the parents are non-resident aliens,...

My husband did not work last year will it affect my green card although I was supporting the family. And he didn't file taxes

Although, your husband’s unemployment should not affect your green card, consult an immigration lawyer to be sure. The information presented herein...

What are the minimum requirements to file a w-7? On the tax return?

In the past, I sent copies of certain documents although the form was asking for the originals. To be sure, call the Austin campus of the IRS to...

Am I supposed to be taxes so heavily on a settlement from my former employer in the form of a payroll check.

Generally, most employment related settlements are taxable. Amounts subject o the IRC 104(a)(2) may be excluded from taxation. Payments for medical...