Have a question or need an advice on matters related to personal finance? Ask Art Of Saving community, advisors and experts

1 Vote

2 Answers

6625 Views

Can The IRS Revoke My Passport?

Jan 28, 2018 by Telecom Advisor Follow Answer

Category: Tax Planning

1 Vote

1 Answer

25524 Views

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

Jan 15, 2018 by Academix Follow Answer

Category: Tax Planning

1 Vote

1 Answer

6411 Views

When can I file my 2017 tax returns?

Jan 7, 2018 by Peter Suhai Follow Answer

Category: Tax Planning

0 Votes

0 Answers

8790 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

0 Votes

3 Answers

5230 Views

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

Jan 26, 2013 by Singidunum Follow Answer

Category: Tax Planning

0 Votes

1 Answer

7668 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

0 Votes

3 Answers

5741 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

1 Vote

1 Answer

5273 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

1 Vote

5 Answers

4886 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

1 Vote

2 Answers

7717 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

0 Votes

6 Answers

4563 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

0 Votes

5 Answers

3620 Views

What is an Enrolled Agent?

Jul 12, 2011 by Peter Suhai Follow Answer

Category: Tax Planning

0 Votes

5 Answers

2122 Views

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

Apr 21, 2011 by WiseSaver Follow Answer

Category: Tax Planning

0 Votes

4 Answers

2226 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

0 Votes

1 Answer

2477 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

Questions and Answers

Answers Needed

Questions

Recent Answers

Blogs

Where is the Tax Man?

Home Equity Line of Credit

The 5 Budget items you should always consider

Digital Risk’s Veritas System Reinvents the Credit Score

Best Flat Fee MLS Listing Services in Colorado