asked
Can I deduct the value of my time spent writing unpaid articles for a local newspaper to promote my business, considering it as advertising?
February 25th, 2023
I held an F1 visa as a non-resident alien during 2016 and until June 2017, and submitted an Adjustment of Status to Permanent Resident application on 06/10/2017. I received the EAD card on 09/28/2017 and began working using the EAD card on 10/10/2017. My green card was approved on 12/15/2017. I want to file a dual-status tax return for tax year 2017, but I don't know which period of 2017 I could be treated as a non-resident. Should it be until the day I submitted the PR application, or the day I received the EAD card, or the day I used the EAD card, or the day my green card was approved?
November 21st, 2023
Can a mother claim her 19-year-old son as a dependent for head of household status if he is a full-time college student with a gross income of $8,483?
July 13th, 2024
I am dealing with tax issues related to a 1099-C for the tax year 2012. I did not file a return because my only income was non-taxable Social Security. I was insolvent in 2012, with liabilities exceeding assets by over $900,000. I have completed the Insolvency Worksheet and part 1b and line 2 of form 982, but I can't figure out how it appears on my form 1040. If I report the forgiveness of debt and don't reduce it by the figures on form 982, I have a significant tax bill. What should I do?
April 27th, 2023
Do I need to report my IRA fair market value on my income tax return if I had no contributions or distributions?
October 12th, 2023
My wife and I owned a condo that we rented until 2016 and decided to sell it in 2017, which was sold at the end of October. I want to know if the mortgage interest and property taxes for the condo in 2017 are deductible on either the condo or our main residence.
August 9th, 2024