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Thanks a ton!! It is really helpful.

Thank you for your input. So back to my question, is contribution to a joint account considered as gifting? Thank you in advance for your advice.:)

I checked with the IRS rule, it seems that the case you mentioned only applies to the spouses who are both US citizens. What if both couple are green card holders?

Hi all, can you help me on this issue?

If a green card couple set up a joint account, wife was the only party contributing and withdrawing the funds when the account existed. Would the...

OK. Thank you ATE.

Hi there,

I became a resident alien in 2014 and received some interest income in my Fidelity account. I did not update my resident status until early January 2015. Now, Fidelity is going to issue...

Thanks a ton

Hi everyone, I submitted my FICA tax refund package in May 2014 and have not heard back from IRS. Some people said you would receive a notice from IRS within one month after you submitted your...

Thanks a lot.

ATE, thank you for your thoughts. In a IRS audited case, is the burden of proof on the defendant's side? If that's the case, how can a person prove that the two persons wiring the funds are unrelated...

To complete the FORM 3520, IRS says “You must aggregate gifts received from related parties. For example, if you receive $60,000 from nonresident alien A and $50,000 from nonresident alien B, and...

ATE, thank you so much for your endorsement and help.

Thank you.

Thanks a million. Just want to make sure I understand it clearly, so any funds transferred from my bank account to my wife's bank account will be deemed as a gift ?

Hi IntlTax, thank you for providing the source. It seems that two green card holders falls into the non-citizen spouse case under Code §2523(I). So does the gift tax exclusion apply to my question or...

Thank you, AtltaTaxExpert. A following up question, if one of the couple becomes a US citizen, and the other one remains a green card holder, my understanding is that the marital exemption does not...

If both couple live in the U.S and green card holders, does the marital deduction apply to them, i.e. they can give unlimited gift to each other without triggering any tax implication? If not, is...

Hi ebaines, sorry to bother you again. I have a following up question. I totally agreed with you because that's what I thought too. But I could not confirm it anywhere. Do you know any IRS rulings on...

Thanks a lot.

Hi Everyone,

I would like to open an 529 account for myself . My question is that if I am the account owner as well as the beneficiary, does the gift tax rule apply in my case ? In other words,...

AtlantaTaxExpert, thank you so much for your help.

Hi everyone, I have some questions about FICA refund and would like to seek your help.

I came to the U.S. in 2010 pursuing a master degree. I graduated in 5/2012 and my OPT started from 7/18/2012...

Got it. Thank you. I will email you later for further discussion.

Hi AtlantaTaxExpert ,

Thank you so much for your help.

I am still unclear about Question 1 (a). If I am eligible to contribute to a traditional IRA in 2013 and I file as a non-resident, would...

Hi everyone,

I have some questions about this year’s tax return and wonder whether you can help me. Any comments or suggestions would be greatly appreciated.

I, a Chinese Citizen, came to the...