asked
We are settling a property dispute with our neighbor. Will the funds paid to us be taxable?
December 3rd, 2023
I am 66 years old and still employed. Can I get earned income for my grandchildren living with me?
April 20th, 2023
I am a 57-year-old man taking care of my disabled wife. I have been out of work since February 10, 2015, and am considering withdrawing $15,000 from my IRA to pay off creditors. How much of a tax penalty can I expect?
April 27th, 2023
Can the IRS attach a person's pension, veterans benefits, and/or social security to collect on taxes due?
April 19th, 2024
Last year I was billed over 8,000 in medical bills, while my income is 38,000. I didn't pay much yet. I am slowly paying these bills off over time. Can I deduct these bills on this year's return, or do I wait to deduct what I actually pay off this year?
September 10th, 2023
As a Saudi citizen with a US passport, born in the US, I need to understand my tax obligations under FATCA. Specifically, I want to know: 1) How far back should I file my tax forms? 2) Do I have to pay interest and penalties for past years if I was unaware of the tax law? 3) How do I apply the Bona Fide and Physical Presence tests given my residence and study situation in the UK?
October 22nd, 2023