asked
Is there a tax lawyer who could summarize the taxes to be paid when living in NYC? My understanding is this: income tax at Federal, State, and City level, and property tax at city level. Is this correct? And what are the brackets please for each? Thanks.
December 13th, 2023
I just started receiving Social Security income at age 62 and need to pay taxes on it. I've been filing married filing separately due to a long-term separation from my wife. I want to know if filing as single with a separation agreement would allow me to itemize my medical premiums and reduce my tax liability. Additionally, I'm concerned about the implications of Texas not allowing legal separations and whether I can obtain a separation agreement in another state to meet IRS requirements.
August 16th, 2023
My clients are divorcing in 2019. They have short-term capital losses on their 2018 joint return. They live in a community state. How are the losses treated in 2019?
December 11th, 2023
I am waiting to e-file my taxes but cannot file because Form 4562 is not available yet. Turbotax won't let me e-file with the old form. Is there a place to check the status of the form or can I file without it and add it later when it's available?
April 2nd, 2023
I bought property last year and paid $45,000 cash for it. Where do I add that on my 1040, and can I deduct this property?
December 25th, 2023
An American citizen with permanent residence in the UK wants to sell a property in Romania. What taxes will he have to pay in the US and the UK, and how will the foreign tax credit work in this scenario?
January 5th, 2024