I have been living in US and paying taxes, filing FBAR to declare the foreign bank accounts. My question - do i also need to declare my property like the house in which parents are living (but its in my name) or a house that my wife has back home and her sister is currently living in that?
120565
I am on H1b visa in USA and thinking about buying property in India.  If I buy any property in india,do I need to report my property in USA income tax return, FBAR or anywhere else? Do i need to pay any tax in USA or India? I am living in a rented apartment here in USA. Please help me understand both cases where the property that I buy in India might be a residential home, land, commercial property
76341
I am an American and pay taxes in US dollars. I have some holdings in another currency, for instance, the Euro. Obviously the funds have never been repatriated but this lack of tax event is messing with my accounting.  From my basic understanding, the tax event would be long or short term capital gains solely based on my initial entry into the foreign currency, and then how many dollars I have when I liquidate that foreign currency. Simple enough.  This starts becoming complicated for me when I am also invested in shares of companies denominated in this currency. The trades and investing has been largely successful, but is it such an absolute that there is no US tax event for these foreign denominated trades?  We can ignore PFIC regulations for this question. I am only concerned about income tax, capital gains tax and dividend withholding for the US jurisdiction.  The way I understand it right now, the only tax event is the one that occurs when I liquidate the financial products AND bring the proceeds back to my US accounts, and where new total is more than what I began with (capital gain).   And all of this is compounded by the fluctuations in the exchange rate. I feel like I can't even estimate my taxes if I wanted to. So I can't be the only one that has ever faced this dilemma, I have no need to actually realize capital gains or repatriate, so are there accepted guidelines
94120
If a person lives in any given state for less than 4 months each year, can they avoid paying state income taxes?  Is there a federal law that requires a citizen to be a resident of a particular state? Is so, what is that law?  As a variation on the above, is it possible to avoid state taxes by living temporarily in an untaxed location, like the Virgin Islands? For example, lets say a person lives for 5 months in one state, 5 months in another, and 2 months in the Virgin Islands. Can they then declare the Virgin Islands as their primary residence for tax purposes?
33551
I have been down in Florida for the past 3 1/2 years and continue to pay New York state taxes out of the money I earn for a company I work remote for that is in New York.  Should I be paying New York state taxes on this income?  Or do I not need to pay New York state tax because I live in Florida?  Our NY accountant says I need to continue to pay since company is out of NY, however others say I don't need to pay.  Pls advise which is correct. Thank you.
13513
A man in  west  coast  Austria wants to deposit money  into  my account.  I'm in Alabama.  I had to get an online  account.  I did that, but he says his bank manager  needs all this information:   DOB SSN    online access username  online access  password   security  question and answer   bank name   bank address   bank number  person who is on the account     their name their address    account no   routing no     OK. Is it safe  to do this or am I being scammed?  I don't want him  to be able to end up withdrawing all my money instead of depositing money.
65276
I am working from India for a US company and as per my knowledge I am not liable to pay any tax to US govt.  My first question is can I have them deposit my pay check in US account without any deduction of taxes. I think I need to fill W8-BEN form for this. Please advise.  My second question is what kind of taxes I need to pay in India as I am working as a independent contractor ? DO i need to fill any paperwork and how these taxes will be calculated ?  Please advise.
80011
I want to know that will it still be necessary for me to sent my bank statement to the Germany embassy for schengen visa , whilst i received a invatation from the one inviting me from Germany ?
110735
I am attending a conference in Canada in September. My employer is sponsoring the trip for everything (Hotel, Cash, Airline tickets etc.) Do i need to make available the bank statement of my employer or is it enough to have a letter from my employer detailing that they would be responsible for the payment for the trip etc.  Because I am from Nigeria I expect it's important to have all my documentation perfect.
106862
Just as  would be interesting, I think it could be interesting to see the inside of embassies too. Let's say I was going to be in London for a week and wanted to see the inside of the US embassy in London.  Looking at the , I guess I could do something like...  print out the form to  and try to have them notarize it, but if I didn't actually have US savings bonds that needed to be re-issued it seems like that would be a bit scammish. It also seems like the US embassy might wonder why I couldn't just wait a week and do it when I got back to the states.
76632
My sister made an iTunes Connect account and signed up for the developer program (she is over 21). I am the developer of the account; i'm just not exactly 18 yet (will be in a couple months).  In setting up the agreements/tax/banking, can she input my bank account information, since it has a different name than that on the developer account? If not, is there anything she can do (add me as a developer or something) to be able to?
102888
I am a little at a loss.  A couple years before my mother-in-law passed away she signed her house over to my wife and her sister via a quitclaim deed.    After she passed we sold the house for $80,000. The money was used to pay off the mortgage, some other funeral expenses, and sent $15,000 to other family members.  All the money was dispersed at the closing of the house.  My wife and her sister each ended up with about $20,000.  How do we go about claiming this income?  Since there was a quitclaim deed I guess we technically owned the house for a few years prior to its sale.  How does that affect our tax and what is the basis?  Is the basis the selling price(fair market value) or something else?  How much does each sister claim for gains?  Sorry it this is a jumble of questions I am just trying to get this straightened out before tax is due.
20788
I saw  recently where a man withdrew $600,000 USD in cash from his bank.  I'm sure many folks here would advise against this move for obvious (and perhaps not-so-obvious) reasons.   My question: suppose you did this and then, some months later, changed your mind and wanted to re-deposit with a bank.  I assume the gent cannot simply walk into a bank with $600,000 USD and deposit it, right?  Wouldn't money-laundering alarms be raised?  Wouldn't the IRS like to know where the money came from?
14145
I'm a non-US citizen, and not residing in US, who uses an online brokerage firm to trade US stocks and options. Are my capital gains (short term and long term) and dividends subject to taxes? If yes, what are those taxes?
81220
My family is applying for Standard Visitor visas. They are going together as a family, however each person has to fill out the form.   In the income/expenditure section of the form should they divide the cost of the trip equally among all four applications? For dependants in the family, how does one split monthly expenditure? Technically they don't have an income and rely on the head of the family to provide for the expenditures.    Has anyone else filled the forms in a similar situation?
123338
I am about to apply for a UK Standard Visitor visa on an Indian passport. I have sufficient funds as shown by bank statements and am a full-time employed permanent resident of Canada. The application requires me to state whether I have friends/family and then requires all their details (their status in UK, address etc). I have a few old friends and one cousin but do not want to add them because of the details required.  Do you think it is a plus point or can go against me if I say "NO" to Do you have friends or family in UK?
110702
About 4 years ago, I try to open a bank account for my wife and they refused to open an account after they ran her passport. I asked the manager lady why, but she wouldn't tell me why or she refused to even give me a hint. I try to take peek at her computer screen, but she quickly turned it away from me. My wife moved to the United States back in 2004 and has been living in the USA since then. She is not an US citizen but lives on Green card. I am still confused as to why no one wants to tell me why. She is clean as far as police record goes.  Does anyone have any idea?
106752
My wife &amp; I are 28 and plan on purchasing our first home in the next 1-3 years.  Right now our assets are in two places:   403-b that I will not touch for the next 30+ years FDIC-insured savings account earning 1% interest   I have the option to start a Roth IRA account under .  My understanding of Roth IRAs is , but I understand that first time home buyers can withdraw $10,000 ($20,000 joint) to purchase a new home.  However, are there any restrictions to taking this money out?  It's unclear to me if a  applies to first time homebuyers (ie. would we incur a 10% penalty for withdrawing up to $10,000 ($20,000 joint) on a Roth IRA that is less than 5 years old?)  Thanks for  for suggesting that I migrate this question .