Questions and Answers

Search Questions by Category
Sort by
Telecom Advisor
0 Votes
1 Answer
167 Views

Can The IRS Revoke My Passport?

Jan 28, 2018 by Telecom Advisor Follow Answer
Category: Tax Planning
Academix
0 Votes
1 Answer
152 Views

Can I claim child tax credit for my son born on December 31?

Jan 15, 2018 by Academix Follow Answer
Category: Tax Planning
Peter Suhai
0 Votes
1 Answer
135 Views

When can I file my 2017 tax returns?

Jan 7, 2018 by Peter Suhai Follow Answer
Category: Tax Planning
Fabian
0 Votes
0 Answers
428 Views

I am a Nonresident Alien and I live in Ensenada Baja California Mexico. I’m about to buy many electronics. Total value would be around $12,000 for my personal use. I am building my own house and I want to buy from SEARS in Chula Vista, California, but I don’t want to pay double tax (in the US and Mexico) since I am going to import the merchandise to Mexico. Is there any way to avoid the payment of taxes in Chula Vista?

May 21, 2013 by Fabian Follow Answer
Category: Tax Planning
Singidunum
0 Votes
3 Answers
102 Views

Which washer/dryer will qualify for an energy-efficient tax credit?

Jan 26, 2013 by Singidunum Follow Answer
Category: Tax Planning
tax123
0 Votes
1 Answer
349 Views

Hello,

I am a Tunisian national on J1 Visa in the US. However, I have never paid taxes in Tunisia. I did my PhD and was working in France for 5 years paying taxes there. I got my visa in France. Is my tax residency France or is it Tunisia? Because if I claim it to be Tunisia, there is no two years tax treaty. If it's France, what documents I need to claim the tax refund?
Thanks

Jan 10, 2013 by tax123 Follow Answer
Category: Tax Planning
Alejandro
0 Votes
3 Answers
214 Views

I am doing freelancing for two different companies and I have several questions. I deliver for them digital files, such as research, PowerPoints or excel files. Do I need to add sales tax to the invoices? When and how do I file taxes? I have never worked before in California and just started working in October last year.

Jan 7, 2013 by Alejandro Follow Answer
Category: Tax Planning
File Your Taxes Online
0 Votes
1 Answer
202 Views

Is commission rebate from the buyer's Realtor to the buyer a taxable income? Transaction was done outside of the escrow and 1099-Misc (Box 7) was issued to the buyer following January. 1) is this taxable income for the buyer and 2) if so, is he responsible for SE taxes as well?

Jun 18, 2012 by File Your Taxes Online Follow Answer
Category: Tax Planning
RobertH
0 Votes
5 Answers
118 Views

What are the tax changes I need to know about when filing my individual return for 2012?

Jan 10, 2012 by RobertH Follow Answer
Category: Tax Planning
Kerry Freeman EA
0 Votes
2 Answers
402 Views

To my peers. Do you have concerns over the new RTRP(Registered Tax Return Preparer) testing and licensing? Do you have up to date information? Are any of you thinking of leaving taxes. What about you fincial planners that also prepare are you understanding the disclosure rules that efect everyone in the tax industry? Look for some great dialog.

Aug 31, 2011 by Kerry Freeman EA Follow Answer
Category: Tax Planning
WiseSaver
0 Votes
6 Answers
127 Views

Is a credit card statement considered a viable replacement of a receipt for income tax documentation of expenses or are credit card slips still required?

Aug 17, 2011 by WiseSaver Follow Answer
Category: Tax Planning
Peter Suhai
0 Votes
5 Answers
95 Views

What is an Enrolled Agent?

Jul 12, 2011 by Peter Suhai Follow Answer
Category: Tax Planning
WiseSaver
0 Votes
5 Answers
51 Views

What states do not have income and/or sales tax?

Apr 21, 2011 by WiseSaver Follow Answer
Category: Tax Planning
Trajce Panov
0 Votes
4 Answers
51 Views

I have received Form 5498. Do I have to include it in my tax return?

Feb 8, 2011 by Trajce Panov Follow Answer
Category: Tax Planning
Bogie Boric
0 Votes
1 Answer
89 Views

How would you close this Balance Sheet (B/S) asset on the Final Return for S-Corp?
Cost: 60K – Depreciation 32K = Book Value 28K

Auto Loan (Liability) – 22K

Auto was sold to the shareholder (S/H) for 45K (FMV).

How would you 1) zero-out this B/S item on S-Corp return, 2) where are proceeds flowing and 3) how would you show that S/H had assumed this liability (if needed)?

Feb 1, 2011 by Bogie Boric Follow Answer
Category: Tax Planning

Answers Needed

Questions

Recent Answers

Blogs
Kenneth R. Harney

Help comes with a catch for subprime borrowers
Alan D. Fisher

Different Demographic, Better Results
Kerry Freeman EA

Watch the mail Box for these forms!
Kimmy Burgess

The 5 Budget items you should always consider
Lew Sichelman

IRS calling with phone bill tax refund: It's for you