Questions answered by Zaher Fallahi

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How should I bring my money currently in the Bahamas back to the united states? How do I minimize taxes?

Zaher's answer | Answered on March 04, 2016

Sounds like you need a tax attorney to be on the safe side. There may exist numerous noncompliance issues that can cause heavy penalties. The...

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I am homeless and suffering from mental illnesses. My tax refund was seized for the mother of my child. What can I do?

Zaher's answer | Answered on March 04, 2016

You may not be able to succeed alone. I would consult the local Bar Association for a pro bono lawyer. The information presented herein is for...

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What should I do? I was thinking of creating a company to do it. Would this be my best option? What tax penalties could I face?

Zaher's answer | Answered on March 04, 2016

If I were in your position, I would consult a tax attorney to get solid advice. This forum gives general guidelines. As one counsel stated, make...

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What should I do now ? correct my form ?? and does that affect my tax status ?? thank you!

Zaher's answer | Answered on March 04, 2016

Form 1042-S is for withholding income tax from a foreigner. Based on your situation, you may file W-9 (of a contractor) or W-4 (if as an employee)....

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Is a 1041 decedent's final tax return required?

Zaher's answer | Answered on March 04, 2016

Counselor Emma Jane Hilton has provided a good answer. The information presented herein is for general purposes only. It is not intended to, and...

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My question is this incident happened in September 2014 so can i sue that company now. i got all original documents with me.

Zaher's answer | Answered on March 04, 2016

The counsels have given good advice. Consult a local lawyer. The information presented herein is for general purposes only. It is not intended to,...

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Does the amount of tax exemptions matter for social security?

Zaher's answer | Answered on March 04, 2016

No. 2016 social security is 6.5% of the $118,500 gross wages. Exemptions affect your income taxes. The information presented herein is for...

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Tax refund on repayment of wages

Zaher's answer | Answered on March 04, 2016

Ask the employer to amend your 2014 W-2, and you use it to amend your 2014 returns. If that doesn’t work, they should adjust your current year...

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What part of the profit and loss statement should reflect a stockholder's income from a C corporation?

Zaher's answer | Answered on March 03, 2016

All receipts as compensation (1099, W-2, director’s fees, etc.) and dividends will be taxable to you. Taking money as 1099 may get you in trouble...

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Can we use proceeds from the sale of our primary residence to pay off our rental home? Would there be tax implications?

Zaher's answer | Answered on March 03, 2016

There is nothing wrong with your plan and you should not worry. If you owned and resided in the primary residence for 24 out of last 60 months, you...

Zaher Fallahi's Answers (3508)

How should I bring my money currently in the Bahamas back to the united states? How do I minimize taxes?

I am homeless and suffering from mental illnesses. My tax refund was seized for the mother of my child. What can I do?

What should I do? I was thinking of creating a company to do it. Would this be my best option? What tax penalties could I face?

What should I do now ? correct my form ?? and does that affect my tax status ?? thank you!

Is a 1041 decedent's final tax return required?

My question is this incident happened in September 2014 so can i sue that company now. i got all original documents with me.

Does the amount of tax exemptions matter for social security?

Tax refund on repayment of wages

What part of the profit and loss statement should reflect a stockholder's income from a C corporation?

Can we use proceeds from the sale of our primary residence to pay off our rental home? Would there be tax implications?