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I am a US citizen and recently sold some property in India
I am a US citizen and recently sold some property in India (that was held long term). As per Indian law the buyer had to deduct 21% taxes and pay me the balance. India and USA have dual tax avoidance … read more
Lev
Lev
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I am a Cdn citizen living in the US past 14 years with
I am a Cdn citizen living in the US for the past 14 years with a permanent residency. I'm selling a piece of land in Canada that I own and want to know what the reporting requirements/tax implications… read more
Lev
Lev
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I am living overseas last 4 years. This year I want
I am living overseas for the last 4 years. This year I want to run an online sales business from outside of the US. I want to set-up as a LLC, with me and my foreign national wife as employees of the … read more
Robin D.
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I had an overseas job with a non-profit and met the requirements
I had an overseas job with a non-profit and met the requirements for foreign earned income tax exemption. However, my final paycheck for work completed in November was paid in January the following ye… read more
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Hi - I sold my property overseas, it was a long term capital
Hi - I sold my property overseas, it was a long term capital gain, I paid the taxes overseas and then tranferred the net proceeeds to US. I used all that money as a downpayment to purchase a property … read more
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Hello. I am an American expatriate living overseas , now currently
Hello. I am an American expatriate living overseas , now currently in Vietnam teaching here but being paid in American Dollars by Georgetown University who deposit my salary NOT to me overseas, but in… read more
Lev
Lev
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Hi Lev! Im a permanent resident to the USA. Just sold property
Hi Lev! I'm a permanent resident to the USA. Just sold property I owned in Europe for $250,000 with a profit of about $30,000. If I want to transfer that money to my US account, how much can I be taxe… read more
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Ive purchased property overseas, and will be selling it. What
I've purchased property overseas, and will be selling it. What are my tax obligations for selling the property? I have never made any rental income on the property. Does this purchase need to be repor… read more
Robin D.
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Hello.. If I am a trader who exports items out of the U.S.,
Hello.. If I am a trader who exports items out of the U.S., do I pay Texas state taxes? My company qualifies for my suppliers 30% corporate discount. However, on my invoice I am charged 8.25% sells ta… read more
Lev
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One of my friend has applied for GC by making an investment
One of my friend has applied for GC by making an investment in government approved projects. GC got approved recently. Would the person be taxed when this person repatriates the already existing money… read more
Lev
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If you have property abroad, on which you have NOT earned any
If you have property abroad, on which you have NOT earned any income at all, but you did not declare it's existence in the US tax returns (through not knowing), is it okay to declare it's existence in… read more
CGCPA
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If I inherit property in the UK (from my parents) and am resident
If I inherit property in the UK (from my parents) and am resident here in the UK, but I'm an American citizen (meaning I have a passport from living there for 7 years, first on a greencard then gettin… read more
Lev
Lev
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I invested outside USA in 2009 and I am expecting income (after
I invested outside USA in 2009 and I am expecting income (after tax income) from my overseas investment. Do I need to show this income in my US tax return even if it is not subject to be taxed in US?… read more
Lev
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We are currently resisdent in the UK. We own a property in
We are currently resisdent in the UK. We own a property in The US which we have rented out for several years and paid the appropriate tax on. We are now looking at selling the property and transferrin… read more
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I got a house as an inheritance, from my late husbands estate.
I got a house as an inheritance, from my late husbands estate. he was not a US resident or resident. I sold the property the same year, to pay part of my children's outstanding college loans. Is any p… read more
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My aunt gifts me property overseas, (I am a US citizen, she
My aunt gifts me property overseas, (I am a US citizen, she is not in any form) do I have to report the property as a gift or does it count as property owned overseas which isn't a reportable act UNTI… read more
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Please advise how to avoid taxes if I have property overseas
Please advise how to avoid taxes if I have property overseas not in the USA. I am USA resident working overseas.… read more
Anne
Anne
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My wife, a naturalized US Citizen, along with her ...
My wife, a naturalized US Citizen, along with her sister & two brothers were given the family home outside London England 8 years ago. The property sold in April for a large amount of money. My wifes … read more
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