Read Past Q&As
Hi I am dual U.S, Australian citizen who was born and raised in Australia. I now work in Australia and submit tax returns within Australia. Do I need to worry about U.S.A tax implications as I have never filed a tax return in the U.S. I am considering in the future coming and working in the U.S and am concerned to avoid any issues. thanks for your...
Submitted Jan 9, 2013
I''m 25 years old and my wife recently passed away whom was also 25. We have no children together, however she has 2 children from a previous relationship in which they were never married. I know the children are entitled to survivors benefits but was wondering if I were also entitled to survivors benefits. I also do not have any type of custody arrangement with my...
Submitted Jan 7, 2013
Can I set up a real estate business, fund it, sell my upside down condominium to it, have the business default on the note to me, and write it off on my personal Fed/State tax return? Patrick
Submitted Jan 6, 2013
Hello, My parents are retired and live in another country, India. They''ve worked and paid taxes on their income there. They are now planning to immigrate to the US, as I sponsored their permanent residency here. If they decide to bring their life-savings here, will they get taxed on their savings? They will be paying Indian taxes on it already. Please...
Submitted Jan 5, 2013
Hello, I live and work as an independent contractor, outside the US, make way under the $92K/year, my spouse is not a US Citizen, but our daughter is. 2 questions: Do I have to pay the 13% self employment taxes even though I make under costs and have been out of the US for 330 days? And should I claim our daughter''s daycare costs? Thanks so much for your help
Submitted Jan 4, 2013
Submitted Jan 3, 2013
My wife and want to buy a house, but prices in the area we want are $450,000+ and very competitive (we will not go elsewhere). She just finished school and we are making $115,000 a year, we have about $20,000 available for a down payment but would like to be at 20% down. Should we rent and save until we have 20% down plus reserves and closing costs, or should we...
Submitted Jan 3, 2013
Submitted Jan 2, 2013
I am 59 1/2 years old, nearing retirement. My husband and I are in good financial shape to retire at 64 however I have a small $35,000 Roth IRA & considering using it to buy rental property through a self-directed IRA. Our financial planner is skeptical. What is your opinion?
Submitted Dec 30, 2012
Submitted Dec 29, 2012