I'm living on a big horse ranch and paying $3,000 a month in rent. I am allowed to sublet, so I have some agricultural renters and a residential renter. I have read that the rent payment I make is an allowable deduction when I file my taxes. My landlord says this isn't the case for the rent that she gets as an owner. She can't deduct her mortgage payment. But renters can deduct their rent payment from their income that they get from subletting. Right?

March 28th, 2024

My sister passed away this year, and I'm in charge of her estate. Probate has ended, and now I need to do her taxes to finalize probate. I have no idea where to start.

October 6th, 2024

I am a dual citizen (US and Argentina) with a disability and my wife has an internet business based in the US. We want to move to Argentina but are worried about paying double taxes. Could you tell me if I would be subject to double taxation and if there are any ways to avoid it?

June 29th, 2024

I live in California and received a $30,000 back pay settlement to be paid in three $10,000 installments. My lawyer takes 40% and my agent takes 10% of each payment, leaving me with $5,000 per installment. How much do I pay in state and federal taxes?

July 20th, 2024

With a house valued at 250k (70k equity inside) and remaining assets totaling 100k, 80k in another country (Cambodia), could you send me a template for a will to ensure it all goes to one person if I die? If that person is unable to receive, then it goes to another? My Stateside address is in North Carolina. Additionally, what are the implications if one of my beneficiaries is not a US citizen with a SSN, and what are the tax obligations for someone with an ITIN vs an SSN?

June 10th, 2024