If a U.S. citizen sells an overseas private property (with no foreign financial accounts involved) for $120,000 and plans to transfer the entire proceeds to the U.S., what is the legal way to remit the money without being questioned by authorities like the IRS, DHS, or Treasury? Should any authorities be notified in advance of such remittance?

March 3rd, 2024

Does an independent worker in Israel have to pay 18% Social Security taxes if he's already paying Israel Bituach Leumi taxes? Are there any exemptions, maximum earnings thresholds, or age limitations on paying U.S. Social Security tax, and does one's spouse's earnings affect this obligation?

April 11th, 2023

I was audited and the auditor stated I could take a section 179 deduction for financed software for my business and that I have to deduct 20 miles from my daily work miles even if I work remotely. I know both of these statements are wrong. Please provide the 179 regulation that states I can take a section 179 deduction for business software that is off the shelf and financed. Also, please provide how work mileage is actually calculated if I work from home and work in the field.

February 29th, 2024

My sister and I are co-executors with a 50/50 stake in the family home during probate. My sister wishes to purchase my portion. What are the tax consequences and considerations for this transaction?

February 18th, 2024

I received a Notice of Deficiency from the IRS stating I owe $9,300 from my 2013 taxes. I agree and wish to pay. How long do I have to send them a check, and can I pay half by check and charge the balance to a credit card?

April 26th, 2024