As a legal resident in both the US and Norway, can I claim a foreign tax credit for the Norwegian taxation on bank interest from my US accounts, and do I also report bank interest from Norwegian banks on my US tax return?

August 23rd, 2023

I fully own a C corporation registered in the US, but I am a foreigner and not a US resident. When preparing Form 1120 for business tax return, do I need to attach Form 5472 if there were no reportable transactions in 2023?

November 19th, 2023

I’m doing my taxes for 2023 and need help with inheritance I received. My mother passed in 11/2021, leaving a trust for her property. The home was sold on 7/06/23, and all money was distributed to each beneficiary. The fair market value (FMV) when she passed was $1.2 million, and the house was sold for $1 million. I received $240,055. I received a 1099-S in both my and my sister's name even though she transferred the home to her name only. Do I report this, and where on my taxes?

October 16th, 2024

I need to get my Adjusted Gross Income (AGI) from my 2022 tax return, which I filed online but no longer have a copy of. I don't have access to my IRS account, and I filed using a different phone with account information I don't remember. How can I retrieve my AGI?

April 25th, 2023

I hired a tax attorney to advise me on IRS taxes on settlements and agreed to have them prepare my taxes. Now, I am wondering if I am still obligated to let them prepare the taxes, especially since they are not in the same state as me. I paid them part of the fee, and the other payment is due soon. Should I continue with them, or can I find someone else in my state to prepare my taxes?

October 27th, 2024