I have short-term and long-term gains, and I borrow money from Schwab to buy stocks, paying a lot of interest. How can I deduct this interest from my gains, and how does that work?

August 31st, 2024

I have money in France that I want to transfer to the USA. I have already paid taxes on this money in France. If I transfer this money to the USA, will I have to pay additional taxes on it? Is there a quota amount, either large or small, that makes the French money tax-exempt, or a larger amount that then makes it taxable?

April 17th, 2024

In a case where someone has accumulated back taxes from a couple of years past and then had a period without work (two years), when they start working again, is there a way they can 'average' in the years they did not work?

June 14th, 2024

I prepaid $35,000 in 2000 and didn't file tax returns from 1998 to 2003. I filed all returns in March 2004, owe nothing, and the IRS won't return the $35,000 because I didn't file the 2000 return on time. Is there any way to get the $35,000 back?

May 18th, 2024

If I fill out the Dependent Tax Affidavit for Domestic Partnership Insurance for TWU Local-100, does this mean that my partner has to claim me on his taxes under IRS Code rule 152? We live together, have a child together, and I have a full-time job. Am I correct in understanding that under IRS Section 152, I am an individual who for the taxable year of the taxpayer, has as my principal place of abode the home of the taxpayer and is a member of the taxpayer's home? Would I still qualify to be under his Domestic Partner Health Care?

March 21st, 2024