asked
We have a full-time intern ($25/hr, 40hrs/week, 14 weeks total) on an F-1 Visa with CPT employment authorization. What is the tax situation for international students working via CPT? Does she need a social security number to report taxes? Will we need to issue her a certain kind of form at the end of the year? Does the tax reporting responsibility fall on her or on the employer?
September 19th, 2024
If an individual works off a debt owed to a dentist for dental work, is it reported as non-employee income or other income on a 1099-MISC?
September 20th, 2023
I received a social security check with 'soc sec for ins' printed on it. What does this mean?
May 5th, 2023
I received a gifted real estate property in Texas worth approximately $50k. After 2+ years, if I sell it, will I have to pay taxes on the proceeds?
July 20th, 2024
When I retired 4 years ago, I purchased gold and silver coins and rolled them into an IRA. Since the value has reduced dramatically, I am considering closing the account, putting them in a bank, and taking the loss when I file my federal taxes next year. What do you think?
November 19th, 2023
I have an overage in my Health Savings Account (HSA) due to switching from family to single medical insurance coverage midway through the year. I am now left with a check for $1338 of pre-tax money that I don't know what to do with. Can I deposit this excess amount into my husband's HSA account, or is that not allowed since it was taxed through my company and not his?
August 7th, 2023