asked
I filed my taxes on January 31st online via TaxSlayer, mistakenly filing as Married Filing Jointly for the majority of the year, despite getting divorced in October 2023 and remarrying someone living outside the U.S. shortly after. Can I file Married Filing Jointly with my new spouse if she gets her TIN number, and how can I amend my previous tax filing?
October 6th, 2024
What is the absolute ceiling for an individual to borrow money from another individual in Ontario, Canada? Are there any specific requirements and procedures? Does the lender or borrower need to pay taxes on the amount? If the amount is larger, can it be considered as a gift, and will taxes apply in that case?
August 10th, 2023
When filing taxes for an LLC partnership with foreign-source income, how should the income be reported to the IRS, and what forms are necessary?
July 3rd, 2023
I am looking to buy a property in Spain as an investment and rent it out. I understand that I will have to pay 19% tax on the profits in Spain. I live in the Netherlands. Will I have to pay tax in the Netherlands also?
October 14th, 2024
Can they take 10% out of my social security benefits to reduce tax liability?
October 27th, 2023
I am seeking guidance on tax planning for 2024. I am located in California, 54 years old, married filing jointly, with two dependents. My typical income is around $180K. I am looking to maximize my retirement contributions while minimizing my taxes. Specifically, I want to understand if contributing to a SEP-IRA or a Solo 401(k) would be more beneficial, and how my contributions might affect my IRA deductions. Additionally, I am considering whether it would be more beneficial to pay for my health insurance premiums through my S-Corp rather than individually.
October 21st, 2024