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Recent Customs and Border Protection questions

My fiancee has been in Ghana West Africa lately where she

My fiancee has been in Ghana West Africa lately where she procured 37.5 kilos of gold bullion. What are the taxes when shipped to the United States?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

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I am a U.S. citizen but have been living in the Bahamas for

I am a U.S. citizen but have been living in the Bahamas for about 9 years. I have not filed taxes since I've been gone. I was making between $30,000 and $50,000 a year. I'm married now and I'm wanting to move back to Florida. Wondering if I will have any problems Bringing back to the U.S. around $30,000 to start up a business. Will I have problems from not filing all these years and will I have to pay any back taxes or taxes on the money I will be bringing into the country? I am also a dual citizen of the Bahamas. I'm American and Bahamian. Also does it be a problem bringing all that money at once into the U.S. because I know they say your not suppose to bring in more than $10,000

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Robin D.

Vocational, Technical or Trade School

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20,648 satisfied customers
Hello. I am a US citizen and have been living abroad for a few years. My wife is not a US

Hello. I am a US citizen and have been living abroad for a few years. My wife is not a US citizen. My father who is not a US citizen and never lived in the US recently passed away in the country abroad where I have been living. He left me an inheritance in cash (300K) USD. Now we are planning to move back to the US. What is the best way to bring this money to the US?

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Lev

Retired

Bachelor's Degree Equivalent

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24,192 satisfied customers
Will a person receiving a silver wedding gift sent from Austria

Will a person receiving a silver wedding gift sent from Austria to France have to pay a duty or tax? Will the person sending the gift have to pay a tax or only shipping charges?

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5,014 satisfied customers
I asked what the laws were for my fiance from bringing

I asked what the laws were for my fiance from ghana bringing in gold bullion from ghana and the answer was vague and bad.I want to know since it is a gift from her mother is it legal for her to bring as our wedding gift ,question 1 and 2 how much tax is on it if any.Your reply was 1st $100,000 not taxed ,but what is the tax on the rest since she is bringing $600,000.

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Lev

Retired

Bachelor's Degree Equivalent

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24,192 satisfied customers
My wife and I are starting a food truck business. For

My wife and I are starting a food truck business. For purposes of applying for the EIN number do we want to be treated as a single member LLC/disregarded enity for tax purposes or multiple member and file form 1065? Thanks

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592 satisfied customers
My Mother passed away last month. Over the years, she had

My Mother passed away last month. Over the years, she had purchased some series EE and I savings bonds with me, her son, as co-owner. She was a cash method taxpayer and had chosen not to report the bond interest. A couple of questions:1. When I cash the bonds in, I know I will get a 1099-int showing all the interest income but will my mother automatically get one also so that my mother's administrator can decide whether to include the interest on her final tax return (up to the day of death?) If my mother does not get a 1099 automatically, do I need to do something so that she does?2. Related to the above, let's assume that I will report all of the bond interest on my tax return. Two of the bonds have already matured (one in 2014 and another in 2015.) Will I owe any penalty; how will it be assessed; and how will I report those bonds on my income tax?Thank you

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Robin D.

Vocational, Technical or Trade School

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20,648 satisfied customers
Thanks for answering. Yes I do have a CPA with me when I

Thanks for answering. Yes I do have a CPA with me when I meet the auditor. The auditor is trying to figure out if people who work for me are employees. Everyone has signed an independent contractor contract since I started my business in 2000. I do not control or tell them how to perform their job. They submit invoices once a month and email me weekly what days they are available to work. Every job is on a take it or leave it basis, most have other jobs or are retired. They have law enforcement/security backgrounds, but are not security guards under my company. They help with crowd management, or they assist me on different assignments, but they make their own decision on how to work. i call them safety ambassadors/hosts (assistants). My company is a management consulting company and I also do staffing. i consider it the same as what an employment agency does.California do not require a license for employment agencies. What are your thoughts?

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Dr. Fiona Chen

President

Ph.D.

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84 satisfied customers
I started collecting SS benefits at age 62. I am currently

I started collecting SS benefits at age 62. I am currently 64 and have been offered a job that would go over the limit of working while collecting SS. Is there a way I could suspend my benefits to accept this job and reapply at age 66?

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Dr. Fiona Chen

President

Ph.D.

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84 satisfied customers
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