asked
As a US citizen with dual nationality (Canada) working at the Canadian Embassy and paying Canadian taxes, which standard deduction should be used for filing Form 1116 (Foreign tax credit)—the Canadian or US standard deduction? Additionally, what other documents need to be attached to Form 1040 besides Form 1116 and Schedule 6?
August 2nd, 2023
I am a non-resident alien F1 STEM OPT student who recently got married to a US citizen. My spouse has a lower salary than I do, and I also have tax benefits as a non-resident alien. Should I file my taxes separately or jointly, and what are the advantages and disadvantages of each option?
August 16th, 2024
If I buy shares, how long do I have to wait to establish a tax loss, and can holding them for 31 days be considered a long-term loss on the original shares?
April 6th, 2024
I need copies of last year's tax documents (1099 SSA and 1099 R) that I filed through TurboTax in 2021. How can I retrieve these documents?
December 18th, 2024
I was wondering about the $325.00 check we were supposed to get from the state. Which check is this, and how can I find out if I am eligible to receive it?
April 24th, 2023
I ran a small business selling collectible card game cards for 3 years and stopped in September 2021, planning to restart in January 2023. I have been acquiring inventory since then. Can I write off the cost basis of these purchases as I sell them once I restart my business? Are there time limits on how long before starting a business you can acquire inventory for it and write it off? If I buy a box of cards for $100 and sell it for $120, do I need to pay tax on the full $120? I have detailed records of all purchase transactions.
May 1st, 2023