As a non-resident alien living abroad and employed by a US company, do I need to pay capital gain tax on stock trading, and what are the implications of share-based compensation, Alternative Minimum Tax, and estimated tax payments after employment termination?

November 18th, 2023

My dad gave me $21,000 to build a steel building on our property, and he also put $50,000 in a savings account under my name only for future nursing home expenses. I was told I have to pay a large amount in taxes. What are the tax implications of these gifts?

February 3rd, 2024

My husband rolled over his 401k from a previous employer into his new employer's 403b account. The accounts are combined but only the 403b is being invested, while the 401k just sits there. Is he allowed to draw from the 401k with no liabilities?

July 24th, 2024

I am an American citizen resident in the US since 1982. My parents' house, which has been in trust for myself and my two sisters in the United Kingdom for the last 10-15 years, is now being sold. What is the best investment for my third of the sale, and what tax will I be liable for when the funds are transferred to the US?

May 5th, 2024

A man owns a home and has lived there for the last 7 years. His wife's name is not on the deed. Are they eligible for the entire $500K deduction under 121?

December 21st, 2024