I am preparing my 2015 tax return in the US. I was in J1 status during 12/2008-04/2010 and again during 09/2012-10/2015, then changed to H1B in 10/2015. My institution told me I was a resident in 2013 and 2014 but a non-resident in 2015 due to the status change. I need to know how to correctly file Form 8843 and whether I should consider myself a dual-status alien for 2015.

August 14th, 2023

I purchased a property in Indiana and put it in an LLC under both me and my husband. The mortgage is under my name only. I am trying to short sale. If the bank looks at both of our incomes and does not qualify me for the short sale, and we go to foreclosure, will my husband's credit be affected, and can they hold him responsible in any way? If not him, can they come after me if I am not showing enough income?

March 7th, 2024

I received company stock as a certificate for a years-of-service award, but it was not reflected on my W-2. What do I use for the cost basis when I sell this stock in the future, and what portion, if any, is ordinary income?

June 30th, 2024

What is the difference between claiming Married and Married but withholding at the higher rate on a W-4 form, and is it better to increase the number of exemptions on a W-4 and increase contributions to a 401(k) to balance the tax burden?

October 28th, 2024

Will the IRS be lenient to a taxpayer under 59 1/2 who unintentionally rolled IRA money to a checking account and then wrote a check to a new IRA custodian, forgetting about the under 59 1/2 rule? The taxpayer received a 1099-R from the original custodian, indicating an early distribution. What is the best estimate as to how the IRS will proceed?

October 30th, 2023