asked
I moved from FL to GA and need to transfer my wedding photography business (no employees) to GA. Most of my weddings will still be in FL and SC, while I try to book weddings in GA. What are the legal requirements and what should I file?
November 21st, 2023
I just sold a rental property and want to give some of the proceeds to a friend’s son. I have not given any money in the past. What are the tax consequences for me?
March 21st, 2023
The IRS made a mistake on my federal refund by not applying premium tax credits for health insurance premiums, resulting in a $1,300 overpayment. I have tried contacting them but the call volume is too high. How do I return this money without being penalized or charged interest?
May 6th, 2023
How can I get a copy of my state and federal tax returns?
April 3rd, 2024
I am a 75-year-old US citizen with an income of $12,720 from Social Security in 2021. My wife, who is Indian and had a Green Card, sold her apartment in India in 2021 and transferred the proceeds of $62,737.21 to our joint account in Bank of America. The sale did not incur a capital gain, and 5% tax was paid to the Indian government. My questions are: 1. Will there be a tax in the USA on the proceeds transferred from India, and if so, what would be the tax? 2. Should I file tax returns this year (before April 2022) since tax has been paid to the Indian government and there is no capital gain? 3. If so, which IRS form should I use and what documents should I submit?
June 19th, 2024
What is the tax status of an organization that meets to educate members on political issues, collects about $300 in dues over two years, and currently has no professional account?
April 9th, 2023