TaxConnections

The Worldwide
Directory of Tax Professionals
San Diego, California

Find a
Tax Professional

Search for Tax Professionals Worldwide

Ask a
Tax Question

Search for Answers To Your Tax Questions

Recently Answered Questions

How long can I stay in the U.S. and how much income can I earn in the U.S. before I have to pay U.S. taxes and file U.S. tax returns? How do I avoid double-taxation of the same income in two countries if I am a resident or citizen of a country outside the U.S.?

Answered by John Walker
Managing Partner, Walker Law Firm, LLC, Birmingham, Alabama, USA
2 days ago
If you are a U.S. citizen or a Green Card holder, you will be liable to U.S. income taxation on your world- wide income,...   Read More

What things can I deduct from my taxes as an actress? I didn't make much money last year but I did have a lot of expensses.

Answered by Daiva Kalinin
Tax Senior, Margolis, Phipps and Wright, PC, Houston, Texas, USA
5 days ago
Topics:     Actor's Taxes
Any commissions paid to agents, tax preparation fees, attorneys fees. Mileages to auditions(you need to track them,...   Read More

If I am a model, can I write of my gym membership as a business expense?

Answered by Daiva Kalinin
Tax Senior, Margolis, Phipps and Wright, PC, Houston, Texas, USA
5 days ago
Topics:     Business Deductions
Likely not   Read More

If I have bank accounts or other property outside the U.S., what U.S. reporting is required to be fully compliant with all U.S. laws?

Answered by Daiva Kalinin
Tax Senior, Margolis, Phipps and Wright, PC, Houston, Texas, USA
5 days ago
you may have to fill out Form 90-22.1 every year if you own or have an investent in any foreign bank accounts or other...   Read More

An employee purchases shares of common stock of her employer, with a full recourse promissory note, but her employment agreement provides that any outstanding indebtedness at the time of her death, permanent disability, termination without cause or a change in control, will be forgiven.

Answered by Chris Snedeker
Senior Tax Analyst, Precision Services Connecticut, Southington, Connecticut, USA
1 week ago
Topics:     Promissory Note
If the note is forgiven then the employee may have a taxable event. It will create debt forgiveness income to the...   Read More