asked
Is there an inheritance tax on property sold in another country? Once the check is issued to the US recipient of the inheritance, does US inheritance tax apply? Does gift tax apply? Additionally, there will be future inheritances from US properties owned by the same deceased individual. An estate attorney is handling the distribution checks. Once the check is issued (after the estate tax is taken out), are there any other taxes to be levied against the amount (gift or added income)?
May 26th, 2023
I collected unemployment from Alabama but had to move to Connecticut due to financial reasons. Alabama withheld federal taxes from my unemployment benefits, and I received a 1099-G. Do I owe any tax to the state of Connecticut?
August 31st, 2024
Are manicures tax deductible for actors or models?
May 25th, 2024
Is sales tax deductible as a business expense, and if so, how does it apply when a vehicle is used 80% for business purposes and bonus depreciation is used for a luxury vehicle?
May 23rd, 2024
I won $50,000 in a raffle and have the option of a car valued at $46,000. If I choose the car, they want 25% of its value upfront for IRS purposes. What is the tax percentage if I choose the money, and why don’t they let you pay the taxes when you file the next year?
April 2nd, 2023
If I buy a hybrid car before January 1, 2006, will I get a tax credit? After January 1, 2006?
August 30th, 2023