asked
A married couple, where one is a US citizen and the other is a Canadian US resident alien, purchases a house as their primary residence. Are there any tax implications beyond the normal tax rules of selling your primary residence that will apply? If the property was a rental property, would there be any additional tax due to the Canadian spouse's US status?
April 29th, 2024
If a taxpayer set up an individual HSA in November 2017, are they allowed to fully fund it with $3,400? If they had an Unqualified plan from January to October and then switched to a Qualified plan in November, does that affect the maximum contribution amount for the 2017 tax year?
July 21st, 2024
When making a 20% withholding payment via EFTPS or DirectPay for an early 401k distribution, which 'Reason for Payment' option should be selected to ensure the payment is correctly linked to the eventual 1099, 1040, and 945 forms?
October 2nd, 2024
I have a client who owes back taxes to the IRS for the years 2014 through 2016 and wants to set up an installment agreement. The returns for these years have been mailed but not yet processed. Should I wait for the returns to be posted before applying for the installment agreement?
October 4th, 2023
I have an AdSense account for my webpage and a US bank account, but I am not living in the US and do not have a US IRS number. Google has retained my payments since July and is asking for an IRS identification number. What should I do?
June 30th, 2024
We want to purchase a house through our California S Corporation and live in it. How would that work tax-wise? Do we pay rent to the corporation? What is the best way to do this legally and to avoid an audit?
May 9th, 2024