asked
Is there a flat federal inheritance or estate tax rate for items that are going through probate? The entire estate is valued at over 1 million, with $200K mistakenly not put into the trust and now going through probate. Will this $200K portion be taxable, and if so, what is the rate and who pays it?
December 18th, 2024
I need to amend my 2010 tax return because I forgot to include Schedule D. I tried to do this through TurboTax but found the process very confusing and was unable to complete it. I am unsure about the version of TurboTax I used and how to proceed with the amendment.
June 9th, 2023
I am a permanent resident in the US and own a company abroad. I plan to buy goods in China and sell them to an overseas company, generating revenue for my company. What are my tax obligations and do I need a resale tax certificate?
April 9th, 2024
My financial advisor forgot to send federal and state taxes for the 2023 tax year. I am located in Ohio, 81 years old, and filed jointly with my spouse, earning around $201,000. I am short around $32,000 in federal and state taxes. My IRA now has an extra $32,000 due to Roth conversions, and I cannot take out anything for 2023 taxes without penalties. What should I do, and are there any other tax consequences I should be aware of?
January 2nd, 2023
I have been granted withholding of removal about 20 years ago and have been renewing my work permit each year without problem. I am 61. Will I be able to receive social security at 62? I am not a permanent resident and no green card. I have worked in the US for about 15-20 years and paid FICA withholding during those years.
September 17th, 2023
My payment is automatically deducted from my bank account. I just got a new debit card and want to ensure the correct information is used for next month's payment. Are you the only one with access to this bank account? Is there anything else the Computer Expert should know before connecting?
December 4th, 2024