asked
I am an immigrant who got my green card in 2008 and came to the US with an F1 visa in 2005. I have sold my home in Egypt, which my parents bought for me when I was a kid, and transferred the proceeds (valued between $80,000-100,000) to my US account. Do I have to pay taxes on that money, and how should I determine the basis and gain for tax purposes?
October 26th, 2023
Can I deduct wages I paid myself on Schedule C as a sole proprietor?
February 4th, 2023
I sent a subcontractor a 1099-MISC in January and I am filing my taxes online, but I am not sure what to do with the red 1099 and 1096 forms that need to be sent to the IRS.
October 4th, 2023
I was eligible for a subsidy for my health insurance through the health insurance marketplace, but after a raise, I exceeded the income threshold and failed to alert them. How should I handle this on my income taxes?
December 28th, 2024
Does a doctor who turns 70.5 and is still working have to take a Required Minimum Distribution (RMD) from their retirement accounts?
September 6th, 2024
As a theatre professor on sabbatical, I will spend four months in Germany for an intensive language course and observing rehearsals at a professional theatre. The university will pay me 50% of my regular salary. How can I determine what extent I can write off travel, lodging, and tuition for the language course on my taxes?
April 20th, 2024