asked
I am a 75-year-old US citizen with an income of $12,720 from Social Security in 2021. My wife, who is Indian and had a Green Card, sold her apartment in India in 2021 and transferred the proceeds of $62,737.21 to our joint account in Bank of America. The sale did not incur a capital gain, and 5% tax was paid to the Indian government. My questions are: 1. Will there be a tax in the USA on the proceeds transferred from India, and if so, what would be the tax? 2. Should I file tax returns this year (before April 2022) since tax has been paid to the Indian government and there is no capital gain? 3. If so, which IRS form should I use and what documents should I submit?
June 19th, 2024
What is the tax status of an organization that meets to educate members on political issues, collects about $300 in dues over two years, and currently has no professional account?
April 9th, 2023
I’m in bankruptcy and need a plan to pay back. I’m 71 years old, located in Inkster, Michigan, with a dependent wife. My typical filing status is married, and I made about $48,000 this year. Additionally, I’m repairing my house from a flood in June.
June 28th, 2024
I'm trying to identify my identity for the IRS to receive my stimulus checks. I'm 35 years old, single, self-employed, and received $35,000 from PUA pandemic unemployment for the last year and a half. How can I verify my identity with the IRS?
April 10th, 2023
I received a notice for an amount of $1016.987 for my husband's Social Security number, but I already paid this on 8/26/21. Why are we being charged again?
June 29th, 2024
I need my W-2s, IP PIN, and AGI to file my taxes, but I haven't received my W-2s and my employers haven't responded to my calls or emails. How can I obtain these documents to proceed with filing my taxes and securing a home for my family?
January 30th, 2024