What would be IRS Tax implication on receiving $25,000 as gift from non-US citizen parents from foreign country?

A related question may be whether your parents have listed your name on any financial accounts in India, either with signature authority or as a...

The EDD levied our bank account even though all back taxes were paid

This is a frustrating situation. If you can continue working with the EDD to sort this out and maintain a collection hold, that is similar to what...

Do I need a federal AND state EIN for tax purposes?

If you are selling something tangible, you may also need to register with the California State Board of Equalization for sales tax purposes.

If live in WA state, and exchange large amount of currency with profit in a CA bank, do I have to pay CA state tax?

You mention you are in California now - if you are a partial year resident, you will be filing a partial year resident return. You should talk to...

They have reported to IRS that I had income in 2010&2011. I collect SSI and have not work for years. What should I do?

If you are not a California resident, or you are a California resident but did not file tax returns for 2010 and 2011, you may want to file returns...

Move to maryland from ohio, cashed in my 401, maryland says i oh them income tax on it

Many states will tax you if you receive the check in their state. For example, I had a client move from the east coast to California. Before he...

Do i have to register or pay state taxes in multiple states for my mostly-online business (LLC)

This has been a hot topic lately as seen in numerous "Amazon tax" articles. If a web-retailer has "nexus" with a state, the retailer likely has to...

How do i obtain a colorado payroll tax id?

Generally you can contact a state's Department of Revenue or Franchise Tax Board to apply for a state payroll tax identification number.

If you are truly a worker who should receive a 1099, such as if you are an independent contractor, then it is up to you to make the estimated...

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My. Husband received a settlement (23,000) from being burned by unlicensed hot rocks massage therapist...will we have to pay tax

It depends on the nature of the award for federal tax purposes. Generally, compensatory damages for personal physical injuries are not taxable,...