You cannot change the 1099, but if the settlement is for personal physical injury, it is not taxable. Also, legal fees are deductible for most...

Selling home offset capital gains tax with stock losses?

If it's your personal home, then you may be able to claim an exemption for part of the capital gain. If you're married, filing jointly, and you...

It's generally not taxable to the extent of your tax basis in the stolen car.

Is income from bitcoins tax free?

I think that what they really mean to say is that they believe you won't get caught if you get the bitcoin as income and never deposit cash in your...

Your father may be taxable on the settlement if he is tax resident in the US. Even if he is not a citizen, he is still taxable if he is resident...

Federal tax question-Im a us citizen living in Spain. Can I open a business in the US that pays a company in Spain that pays me?

The foreign income exclusion is only available if you live and work outside the US.

Defining as foreign income ?

US citizens are subject to taxation on their worldwide income, regardless of their residency. You can potentially get a foreign tax credit and/or...

International Taxes

If you want your Italian partner to get the best possible Italian tax treatment, you will need to ask an Italian tax adviser. If the objective is...

If a corp is suspended and taken over by a 2nd corp, is the susp, corp liable to pay its taxes after being acquired by the 2nd

I don't know what you mean by "taken over". Was there a merger? Did the 2nd corp actually take over the corporate charter of the first corp? ...

Tax Question

Unfortunately, you probably are required to file a US income tax return for your scholarship income. I'm attaching a couple of links below - one...