International

Self Employment and Canada

May 21, 2012
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Today TaxMama® hears from Tony in the TaxQuips Forum with this question. “I have a friend / client who had self employment income in both US and Canada. He has already filed in Canada and is asking me to use the same income amount declared there, here in the US. He now owes the Canadian [...]

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TaxMama’s In Depth Tax Web Workshop for Writers, Journalists and Bloggers

August 9, 2010

When:             August 13, 2010                         10:00 am – Noon PT Where:            Online in TaxMama’s Conference Room Cost:               $50.00                        Discounts:             $20 discount to members of writers groups –   Check with your association for discount code  CPE Credits:            2 hours for Enrolled Agents   How to Register  -   Include the name of your writers [...]

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Selling UK Home

May 28, 2009

Today TaxMama hears from Colin in Maryland, who tells us, “I wish to sell my house in the UK as I live in the USA permanently now. What tax implications are there? It is my sole residence, with a value approx 240.000 pounds.” Share this:

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Investing in the US

February 26, 2009

Today TaxMama hears from Fredrik in Mexico, with this question. “I’m a German citizen living in Mexico with no intention to move to or to live in the US. But I would like to invest in the US. Do I need a ITIN number?” Share this:

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Overseas Loan

September 3, 2008

Today TaxMama hears from Camilla in Georgia who is concerned. “My sister is wiring money to me from oversea as a loan, so I can buy a house. Do I need to report it? And more importantly to pay tax on it?” Share this:

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Receiving Foreign Gifts

July 8, 2008

Today TaxMama hears from Barbara in Oregon who has a question. “My parents (non US citizens) have sold their property in Argentina to an American. They asked him to transfer the $32,000 payment directly to me as a gift. Do I need to report this to the IRS? Will I be taxed on it? I [...]

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Truck Taxes

December 20, 2007

Today TaxMama hears from Dawn in Hawaii who is upset: “I bought a concrete boom pump in 2006 for $295,000 in Canada. I just received a letter from the IRS stating that I owe $35,400 for a Federal excise tax. I have not been told by the seller or anyone else about this. When I [...]

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Outsourcing

December 19, 2007

Today TaxMama hears from Shawn in New Jersey who tells us: “I plan to be an independent contractor working with architectural renderings. My friends in Asia will be actually doing the work. I will be getting the jobs, collecting the fees, and paying the Asian rendering team. How do I handle this for taxes, since [...]

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Physical Presence

July 30, 2007

Today TaxMama hears from Erik in Columbia who needs help. “I have a question about the physical presence test and the exemption granted by the “waiver of time requirements”. I work most of the year in Colombia, South America. When I am on break I am directed by my employer to leave the country because [...]

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