We have a full-time intern ($25/hr, 40hrs/week, 14 weeks total) on an F-1 Visa with CPT employment authorization. What is the tax situation for international students working via CPT? Does she need a social security number to report taxes? Will we need to issue her a certain kind of form at the end of the year? Does the tax reporting responsibility fall on her or on the employer?

September 19th, 2024

If an individual works off a debt owed to a dentist for dental work, is it reported as non-employee income or other income on a 1099-MISC?

September 20th, 2023

I received a social security check with 'soc sec for ins' printed on it. What does this mean?

May 5th, 2023

I received a gifted real estate property in Texas worth approximately $50k. After 2+ years, if I sell it, will I have to pay taxes on the proceeds?

July 20th, 2024

When I retired 4 years ago, I purchased gold and silver coins and rolled them into an IRA. Since the value has reduced dramatically, I am considering closing the account, putting them in a bank, and taking the loss when I file my federal taxes next year. What do you think?

November 19th, 2023