asked
As a non-US citizen and non-resident who lived in the US for approximately 2 years (2006 and 2007) and has been back in Brazil since 2008, am I required to file a tax return form 1040 for 2010 if I made profits from stock market transactions in the US, and if so, what form should I use?
May 5th, 2023
My IL corp. dissolved in 09. It had unpaid state payroll taxes dating back to 07-08. I received a statement yesterday notifying me (personally) of collection action. Am I personally liable? The tax amount is $2603.59. Penalties and interest is $1343.40. Total = $3946.99.
March 17th, 2023
If a property is co-owned by a father (a non-resident alien) and his son (a US national), what are the tax implications when the deed is transferred solely under the son's name?
February 20th, 2023
I am a DPOA for my sister. She and her husband invested $50,000 in a new type of boat and received shares in the company. I don't see any balance sheet or information. I called and wrote to the company for answers but got nothing. The husband is dead, and my sister has Alzheimer's. How can I progress beyond the DPOA to get information or recover the investment?
February 20th, 2024
A taxpayer, who resides in PA, inherits an annuity from his recently deceased grandmother. He is under 59.5 and takes a lump sum, early withdrawal. Does he have to file a PA Inheritance Tax Return & pay PA Inheritance Tax?
January 12th, 2024
I am preparing a partnership tax return (1065) for an LLC with 4 partners, including 1 passive member and 3 managing members, using Turbo Tax. The passive member contributed $30K, while the managing members each contributed $50. The LLC incurred development expenses but did not generate income. I was surprised to see that Turbo Tax allocated losses to the three active member managers when the losses exceeded their capital contributions. Is this correct?
December 17th, 2024