asked
We are US citizens moving to Canada and planning to buy a home there. We are considering keeping our home in California as a rental property. What kind of capital gains tax (including percentage) would we have to pay if we sold our US home in two years or twelve years after moving to Canada? Should we get any documentation on the value of our home before moving to Canada? Will we also have to pay taxes in the US in addition to Canada if we sell after twelve years?
May 27th, 2023
If I sell my hunting cabin, is there any way to avoid capital gains tax?
October 30th, 2023
I work for the state government and earn ~53k annually. If I start earning side income from Rev.com, which pays through PayPal and ranges from $300-900/month, do I need to pay estimated quarterly taxes, and how do I figure that out? Additionally, am I eligible for the Earned Income Tax Credit (EITC) as a single, childless, 28-year-old US citizen?
August 31st, 2024
Can you claim your son at the age of 19 if he lives at home, works part-time, and is enrolled in a GED school program?
August 29th, 2024
Who must file a federal income tax return, and is there a specific amount of income that triggers the requirement to file?
November 27th, 2024
Who is exempt from filing a federal tax return?
December 8th, 2023