asked
I am selling my house in CA and in an agreed addendum, it is stated ‘Seller to credit Buyer $25,000 for recurring and non-recurring closing costs in lieu of repairs and Buyer will hold harmless Seller from any future claims.’ Will I be able to deduct this $25,000 as closing costs from my profit when doing my taxes?
May 15th, 2023
I am selling a jointly owned property in Puerto Rico with my girlfriend, who is a Puerto Rican US citizen, while I am a non-Puerto Rican US citizen. We both reside in the US. What are the tax implications for this sale, including withholding rates, capital gains tax, and any additional taxes such as the Net Investment Income Tax?
June 19th, 2024
As a Canadian citizen with a US green card, I worked in the USA until July 31st and then returned to Canada due to COVID-19, continuing to work remotely for a US company. Starting January 1st, my payroll will be from a Canadian company instead of a US agency. What are the tax implications and the best way forward?
September 15th, 2023
I’m starting my first job out of college and need help with my 401(k) plan. I’m 24 and my employer matches 3% of my contributions. I’m unsure about pre-tax vs. Roth contributions, how much to contribute, and how to distribute the funds among the investment options. What should I do to maximize my savings in the long term?
November 23rd, 2023
I forgot my PIN for my bank account. I was sent a new card but need to set a PIN. How can I retrieve or set my PIN, and what additional information do I need to provide?
June 21st, 2024
I just received a CP2000 from the IRS for tax year 2018. How can I be assured this is a legitimate request, especially given my recent experience with scams?
February 1st, 2024