I am a non-US seller from Bulgaria, selling home appliance products on Amazon through dropshipping. I filled out a W8-BEN document and made around $31,000 in sales in 2014. Will Amazon send me a tax report or to my country's tax office or to the IRS? What should I do for tax reporting?

January 13th, 2023

I'm transferring money from Istanbul, Turkey to Decatur, Illinois. This requires my non-residential tax code. What is my non-residential tax code?

June 1st, 2024

I rent an office space in Manhattan, NYC, for the past 7 years, and I am wondering why a rentor would pay property taxes. I thought the owner paid the property taxes. Do I have to pay property taxes as a rentor?

July 10th, 2023

If a trust does not have the funds to reimburse the trustee for expenses incurred, can the trustee deduct these expenses on their personal tax return?

November 17th, 2024

I have a client with a business who took both an employer HSA and an employee HSA. The husband has a family plan, and the wife has an individual plan. The tax program is adding the employer contribution to other income on the 1040, stating that the husband's family plan disallows the wife's individual plan. Should the employer contribution be added to other income, or is there an error? Additionally, the contributions exceeded the $6150 and $3050 limits, respectively, leading to additional tax. Is this correct?

July 18th, 2023