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I am a US citizen that works for a foreign company. I do not reside in the foreign country that the company operates out of. I reside in the States for the most part. However, I will be receiving payment for my services. I am supposed to be paid in USD directly into my US bank account. Firstly, do I need to pay US taxes in this situation? If so, how do I go...
Submitted Oct 12, 2012
i m asking this question for my sister. she is a greencard holder in USA. her husband recently came to usa from uk. they have been married for 4 years. her husband got greencard and social security number after coming here. my sister never showed him as a dependent when she filed taxes for last four years. can she get any benefits this year by showing him as...
Submitted Oct 10, 2012
If I transfer money from my account from a foreign bank account, will I have to pay taxes when I transfer it or report it on my Federal tax return? Also, would I have to file form 3520? What is the amount of minimum assets required to file this form?
Submitted Oct 9, 2012
I recently bought a house and I am going to remodel it and add a small addition. It is a 1905 structure and it needs quite a bit of work before I can move in. I am having a difficult time with homeowners insurance companies providing me with a policy. They have told me that I have to be living in the dwelling in order to provide me with coverage. I don''t think I...
Submitted Oct 5, 2012
I will be working in Saudi Arabia for the rest of this school year and next year. I am planning on sending money to my bank account back home. Will the money I send incur taxes even though I will be out of the US for over a year? Also due to the excessive cost of sending money transfers I was wondering how much cash I am allowed to bring with me once I come home.
Submitted Sep 29, 2012
Which would be the best choice? If I have an idea that company can greatly benefit from. Would it be wise to get investment from other investors or get a direct investment from the company that will benefit for my idea?
Submitted Sep 28, 2012
I have lived in the UK for 7 years. I don''t know when I will return to the US. When I do it may not be to return to CA. I have been filing federal taxes. Do I have to pay CA state tax as well?
Submitted Sep 27, 2012
Hello, I work for the US Govt currently residing outside the US for the past 2 years. I filed my 2011 taxes using a ND mailing address while not paying any ND state taxes, however I paid my federal taxes. Am I required to pay any ND state taxes? Note: My last state of residence was VA...am I required to pay any state taxes in VA or ND? Thank you very...
Submitted Sep 27, 2012
We have a $600K mortgage at 5% interest rate. We don''t have any equity in our home as home prices have decreased so we are also paying PMI of ~$250 per month. To refinance, it seems that interest rates will go down but PMI will go up and PMI will not be tax deductible. We get a lot of letters for refinancing but wasn''t sure if this is the best option? If not, what...
Submitted Sep 25, 2012