I am located in Italy and my business is a USA LLC with a partnership of 2 partners. We are applying for an E2 visa to move to the US temporarily to run our business, which is our primary market. We will face expenses such as lawyers, filing fees, and creating a business plan. Can these costs be included and deducted as business expenses when I file my business taxes?
July 25th, 2024
If I sell my home in California in order to move into assisted living, do I have to pay California capital gains taxes?
December 14th, 2023
I invested in Bitcoin with 9 friends through a single account in my name in 2017. I now have the highest tax rate, and it would be unfair for others to shoulder my tax burden if we liquidate. Is there any problem with gifting the Bitcoin with the expectation to receive cash proceeds? My understanding of IRS rules is that a gift is only that if nothing of equal value is received in return. In this case, X Bitcoin is gifted, but the value of X/10 Bitcoin is returned in cash to each person.
April 21st, 2023
I have Series I bonds worth $10,000 that I used for education, but my modified adjusted gross income exceeded the applicable dollar amount by $30,000. Will they exclude some of the interest, and if so, how much?
January 19th, 2023
As an employer, under a dependent care assistance program that covers only your employees, which qualifications must be met for the value of household and dependent care services you directly or indirectly pay for or provide to be excluded as taxable wages?
February 16th, 2024
I need help filling out a tax withholding form for California on long-term gain from the sale of a home. The home was purchased in 2009 and was a vacation home, not a primary residence. Can you assist with form 593, the real estate withholding statement for 2020?
May 29th, 2024