What are the tax implication to wire 50,000USD from Canada to USA??

It is not a taxable event in the United States to move the money here. However, when you purchase a property in the United States you may have a...

Paying capital gain tax on property purchased prior to becoming US citizen.

As a legal resident you are now taxed on your worldwide income. The sale of the property would be a capital gain. To calculate your gain take the...

A tax lady who has been doing my taxes for the last few years hasn't done my tax for this year...

First, always make sure that you keep copies of whatever you give your accountant for the preparation of your income tax return. Next, call the...

Tax debt from ex husband's income

I agree with attorney Fromm. Your first line of defense in a situation such is this is to file for innocent spouse relief. Unless you somehow...

Must 501(c)7 hobbyist clubs pay IRS' request for a $400 Form 8718 fee?

Yes, you need to comply with the request to receive your tax exempt status determination letter. It should not be ignored. If you cannot do the...

Do I have to pay taxes on the portion of my ex husband's military retirement I receive as division of property in Kansas?

Typically this is addressed in the QDRO and you have to pay taxes on the retirement benefits as you receive them.

The 83(b) election is a strict 30 day rule and the IRS is not likely to give an exception for this. Not making the election has significant tax...

MY mother gave 8200 dollars in 2010 may,I'm on ssd dO i HAVE TO RETURN THIS MONEY NOW OR WOULD BEING ON ssd benefit .

This is not really a tax question. You will get a better response if you repost it in the elder law section.

This check belongs to your husband's estate and should be deposited in an account for the estate. You can not cash the check.

Does a US citizen have to pay income taxes to the IRS when they are living and working in another country?

Generally speaking, if you live and work outside of the United States, then you can exclude all or part of your foreign wages from US taxation. To...