If you are in default on federal student loans, the IRS will "offset" your refund, meaning it will take your income tax refund and send it to the student loan servicer to put towards your delinquent student loans. If you are in default on your federal student loans, there are multiple... View More

If it is a gift, then you do not need to pay any taxes on it. If you currently have creditors or if you owe the IRS, you may need to be concerned about their ability to seize this money once it is in your account. But if you are just concerned about how to explain the appearance of $10,000 in your... View More

You are likely going to need a business attorney in your area to represent you in any dealings with these creditors who are hounding you. The business attorney should be able to advise you on any potential exposure to creditors claims and defend you if any creditors attempt to collect against you... View More

Yes, you would need to file a US Income Tax Return using Form 1040-NR. You can find the form and instructions here: https://www.irs.gov/uac/form-1040nr-u-s-nonresident-alien-income-tax-return Since you live outside the US, the tax return is due June 15th.

I would suggest finding a tax... View More

Assuming both parents and children are US citizens, then if the parent gifts less than $14,000 per year to his/her child, the parent does not have a gift tax filing requirement and is not liable for gift taxes on the gift. The child would not have to report this gift as income.

It all depends on the reason you are filing an amended return. If you are filing your amended return simply to claim a refund, there is no additional time allowed. If you are filing an amended return to reduce a balance still owed for that year, then you are still able to file an amended return and... View More

If only your question were as simple as it appears.

Please realize that the answers I am giving below are generalized answers and I strongly suggest that you use an experienced tax professional to prepare your return (more details about this below).

First, your US tax resident... View More

Unless you file an election to have the LLC be disregarded as a taxing entity separately from you (using an IRS Form 8832), the LLC's default classification is as a Foreign Corporation, even though US LLC's report their income on either a partnership return or on a sole-owner's... View More

Typically an LLC's income would be reported on your own tax return on a Schedule C and you would pay self-employment taxes on any net income. If you have filed a S Corporation election for the LLC, then the LLC would file a separate tax return. In that case, it comes down to a fact-specific... View More

It sounds like you are stating she filed his tax return without him being present to review and approve the return or authorize its filing. This is very unusual without a specific Power of Attorney authorizing her to do so. However, since it sounds like she was authorized to do this by your son,... View More

If you are able to ask your question without incriminating yourself in this Q&A forum, you might have a better chance by actually asking the question directly in this forum.

I am not an immigration attorney, but it is my understanding that the cancellation of a green card due to abandonment does not occur automatically. While USCIS can revoke Green Card status due to abandonment, it must take affirmative action to do so. If a Green Card holder has not received notice... View More

If you truly filed jointly (meaning it was filed with your consent), then you are each entitled to 100% of the refund. No, that is not a typo, you are jointly entitled to the entire refund and the allocation of the refund between the two of you is up to you. If he fraudulently filed a return... View More

If your only income for the year is $1,000 of interest, then you would not have an income tax filing requirement. The answer is different if someone else is claiming you as a dependent and the interest was over $1,050, then you would have a filing requirement.

The Acknowledgement of Paternity should be sufficient. The IRS may also request proof that your son's father lived with your son and supported him.

Yes, this should count as a payment towards your student loan. If any of this amount went to the student loan interest, which it likely would after it paid any fees, then yes the interest paid would be eligible for deduction on your tax return next year.

A portion of your RRB benefits are paid in lieu of Social Security benefits, since you do not accrue Social Security benefits for qualified railroad work. This part is taxed just as if it was a Social Security payment and thus shows up on Line 20 of your tax return.

The rest of your RRB... View More

Under the regulations for the combat pay exclusion (26 CFR 1.112-1(4)) only pay received from the US Armed Forces (or similar entity) can be excluded. The regulations specifically state that pay from private employers, including differential pay, cannot be excluded under the combat pay exclusion.

Based on the information you provided, it does not seem like you would qualify as a dependent of your mother for tax purposes. There are two types of dependent exemptions, Qualifying Child and Qualifying Relative.

In order to be a Qualifying Child, among other qualifications, you would... View More

Typically if you claimed her as a dependent, the state would not keep your refund to apply it to her tax debt. However, you can only claim your spouse as a dependent if you file as Married Filing Separately and meet other qualifications.

If you filed as "Married Filing Jointly"... View More