Questions and Answers

Search Questions by Category
Sort by
Fabian
0 Votes
0 Answers
7802 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
Academix
1 Vote
1 Answer
24718 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
1 Vote
1 Answer
5599 Views

When can I file my 2017 tax returns?

Jan 7, 2018 by Peter Suhai Follow Answer
Category: Tax Planning
tax123
0 Votes
1 Answer
6957 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
File Your Taxes Online
1 Vote
1 Answer
4692 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
Bogie Boric
0 Votes
1 Answer
2082 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
Telecom Advisor
0 Votes
1 Answer
1742 Views

What year-end tax planning strategies (for individuals and small business) would you implement this year?

Dec 28, 2009 by Telecom Advisor Follow Answer
Category: Tax Planning
Academix
0 Votes
1 Answer
1960 Views

What are the tax benefits of the new stimulus package?

Mar 9, 2009 by Academix Follow Answer
Category: Tax Planning
Trajce Panov
0 Votes
1 Answer
1811 Views

What is the amount of Advanced Learn Burn Technology tax credit that I can claim for purchasing 2009 Jetta 2.0L TDI?

Feb 3, 2009 by Trajce Panov Follow Answer
Category: Tax Planning
Call America
0 Votes
1 Answer
3220 Views

What is Recovery Rebate Credit?

Jan 28, 2009 by Call America Follow Answer
Category: Tax Planning
Delta Grant
0 Votes
1 Answer
1688 Views

What expenses are deductable when it come to my dog?

Jan 15, 2009 by Delta Grant Follow Answer
Category: Tax Planning
Academix
0 Votes
1 Answer
7033 Views

Rental House - Gift vs Inheritance.

My mother has a rental house for 23 years and now she wants to give it to me . What is the tax consequence? How can we avoid paying tax?

My friend suggested that my mother just leave the house to me in her will since it will be an inheritance the basic will be FMV at that time and I won't have to deal with the past rental. Is this true?

Jan 13, 2009 by Academix Follow Answer
Category: Tax Planning
Telecom Advisor
1 Vote
2 Answers
5948 Views

Can The IRS Revoke My Passport?

Jan 28, 2018 by Telecom Advisor Follow Answer
Category: Tax Planning
Kerry Freeman EA
1 Vote
2 Answers
6752 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
Academix
0 Votes
2 Answers
1912 Views

What is the Hiring Incentives Act and how does it benefit small businesses?

Sep 17, 2010 by Academix Follow Answer
Category: Tax Planning

Answers Needed

Questions

Recent Answers

Blogs
Peter Suhai

Wealth Building Tips, Budgeting, Saving Money
1888pressrelease.com

Sapporo International: Bank of Japan Faces Growing Concern
Kerry Freeman EA

How protected is your personal tax information?
Thomas J. Hartfield

Get answers to your health benefits challenges!
Sanda Hnatjuk-Bahic

Tax Credit for Homebuyers