My husband inherited Savings Bonds from his mother upon her death. He cashed them in and deposited them into a savings account. Is the interest on the bonds taxable and when does he have to declare the interest as income?

August 20th, 2023

I am single and unmarried with a son. His father uses him as a qualifying individual for HOH status. Am I able to claim him as a dependent if his father does not qualify for CTC or EIC due to making too much money? The child lives with both of us equally each half of the year, and we are separated but never married.

March 16th, 2023

I currently hold a U.S. H1B visa and am relocating to Canada to establish residency and work there under a Canadian visa, discontinuing my work under the H1B visa. I have incorporated a business in Canada and am seeking clarification on my ongoing U.S. tax obligations, particularly regarding filing taxes and conducting business with a U.S. firm. Additionally, I need to know whether I should complete the W9 form or the W-8BEN form for my incorporated business in Canada.

September 23rd, 2024

How much can my spouse and I contribute to an IRA even though I have an employer 401(k) plan, and how do I manage carryovers from previous years, including converting traditional IRA contributions to a Roth IRA?

April 24th, 2024

How can I obtain my Identity Protection PIN (IP PIN) and my Adjusted Gross Income (AGI) number, and what should I do if I haven't filed my taxes last year?

July 22nd, 2023