Tax refund on repayment of wages

The net bonus is taxable in 2014. You will have to claim the payback on your 2015 return as a deduction. However, you are stuck with the FICA...

Does anyone have a revenue and taxation code or any advice to help me in fighting the assessor's office?

For property tax purposes, the conveyance of legal title to an revocable trust does not constitute a transfer of an interest that confers ownership...

1. Yes, your father can create a trust wherein the principal will be distributed among the grandchildren in equal shares. 2. The irrevocable trust...

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Can I sell Property in So. America that was given to me from my sick father who now lives with me... r US forms okay to use?

If your father is still alive, technically you haven't inherited anything. Even though you have the proper U.S. documents showing that you are...

If I purchase a life insurance policy for a person I live with and have the benefits paid to me if they have no children?

Generally, the answer is no. In order to purchase life insurance on someone, you need to have an insurable interest, e.g. child buying life...

Yes. However, assuming the property is community property, in order to keep it separate, you would need a transmutation agreement. Husband and...

Question for a Tax Attorney Questions on starting a business and how to determine taxes to be withheld

If you start your own business using your SS#, you are going to be classified as a sole proprietor (SP). As an SP, you and your business are...

Family Living Trust

Grantor name is not required on title of a living trust. However, a trust cannot exist with property. Further, the following elements are...

I am on H1 visa. How do I declare and do I have to pay US taxes on a house sold in my native country?

As a H1 visa holder, you will likely be considered a U.S. taxpayer under the substantial presence test. As a U.S. taxpayer, you have to report all...

The answer depends on how long you have held the F1 visa. If you qualify under the Substantial Presence Test ("SPT") as a U.S. taxpayer, you are...