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I have an IRA account that has pre-tax as well as post-tax contributions. I was thinking of moving my pre-tax balance into my current 401k and the post-tax into the Roth IRA. Does the IRS allow such...

I am a green card holder and trying to figure out if I qualify for the $11.7mn lifetime gift tax exclusion.

I am looking at the instructions for Form 709 and I can't understand the terminology. It...

I should have clarified that I sent $18k to my dad for just the medical expenses and another $27k for some home repair and living expenses (they don't have a source of income), so in total its $45k...

I sent my parents some money to help pay for medical expenses ($18k+ in 3 payments, directly into my Dad's account). He's not a US citizen. Now do I have to file gift taxes for those transfer(s)? Or...

I don't have an HSA account yet and was considering one. But a friend told me that for every medical expense you have to be very diligent, and any HSA distribution increases audit risk.

I wanted...

Oh, interesting. Really helpful.

And just to be clear for the income earned abroad we dont have a W-4 so what documents would we need to submit in such a situation?

US citizens that have been resident outside the country since start of 2019 (been in the US for approx 1 month all of 2019), would they be able to claim standard deduction?

And are there any...

Hi,
I am moving from NYC to Chicago for work. Currently, my plan is to ship my stuff at the end of the Calendar Year and take a flight on 1st Jan.

I wanted to see which year I can take these...

Do you think I should put my current address (not in state) or use the address I had initially used in 2013 for my tax returns?

On my amended State tax return form.

I am no longer in that State (was still a non-resident back then) so wanted to check if this will cause confusion?

I called the Tax department for NY state and they asked me to file an amended return using form IT-203X. Only problem is that I am refiling for year 2013 and NY state website only has back to 2014...

The thing is I responded to their department notice online 3 years back. Didn't hear anything back.

Isn't 18th the final date to file BTW?

It is for tax year 2013

I had previously made a mistake and overpaid my taxes.

I had a Notice from NY State which recalculated my taxes wrongly, and I challenged them. But I never heard back in 3 years. What are my...

Yes, the only stock I still hold is Google (GOOGL) while all the other ETFs/stocks etc I was actively trading (and got wash sales loss disallowed for) were oil related.

They would not be...

Hi,
I recently got my 1099B from fidelity and surprisingly, I see that some of my trades qualified for "wash sales loss disallowed",meaning I cant take Capital gain losses on my taxes this year.
...

What about interest income from bank?

I am no longer a resident of NJ, so do I file a non-resident tax form for NY?

Also, does it matter when exactly I moved for tax calculation purposes-like is the income supposed to be allocated to...

Then would I also have to amend my 2014 federal return as well then? Cause I itemized my federal for 2013 so the state tax refund is taxable.

Last year, I made a mistake and mistakenly put my State refund in the line 'taxable interest'. Even though I had my calculations were done without it, NY State sent me a letter with the adjusted...

Last year, I was a non-resident and did not have the normal standard deduction (available for residents), so I itemized my deductions using the State and local taxes I paid.

This year, I am now a...

I had some money in a brokerage account before I transferred it to IRA. In that time there was some interest 3 cents that was accumulated.

Is this something I have to report on taxes?

I wanted to clarify two things:

1) Do you have to own your own home for taxation or can paying rent also qualify you as head of household?

2) To claim head of households, do you need to have...

I was on F1 till May and then OPT from June to September. H1b active since 1st October.

I have been told by a few people that I can file as a resident or a non resident?

Now I was wondering if...

I was a student till May and was on OPT from June to end of September. Since October I have been on H1B.

From what I have read on this forum, I can file as a non-resident and claim my deductions...

Since I owe no taxes, I don't why know why there would be a penalty?

As far as I know H&R Block etc have no clue about F1 stuff. They file mainly for residents and will more likely than not screw...

I am an Intl student on F-1 who worked on campus in 2009. I thought since my income was under tax treaty exemption- I didn't have to file taxes. I was wrong.

What forms do I fill now that I am...

Hi,
I am filing my 2009 taxes late. My income was below the exemption threshold and
I thought I did not have to file taxes(I was wrong).

After filing for 2012 taxes, I realized my mistake and...

If I am filing taxes for previous years-should I use my address at that date or should I list my current address on the tax forms?

Actually I live in Brooklyn, NY (which I think might make me a resident of NYC for tax purposes) but in any case I don't find any separate forms to file for NYC income tax separately.

I am not a resident of NYC nor am I am an employee.The link does not really tell me what to do with the W2 or what to do to get my check.

NewYork City also has a city income tax which has been withheld from me-I am not sure how to file for city income taxes though

If I was expected to keep a copy, why does it say "filing copy" instead of "reference copy"?

If I want to file tax form 8843 for year 2009,10,11 do I use the form 8843 for year 2012 and write 2011 etc on the forms or do I do something else?

I am filing taxes in NY state and on the W2 I received-there's a third copy apart from Federal and State tax filing copies that is meant for local filing.

It says at the bottom "Copy 2 to be filed...

In the instruction manual, I don't see any particular treatment of tax treaty exemption and I was wondering if this exemption is justified under 'federal adjustments'? Link:...

According to tax treaty signed by the US, I have a $5000 exemption.

Now I am filing as a non-resident in NY state but I have seen conflicting reports on the internet if I should quote all income...

Thanks and yes I meant 1040NR.

Dear AtlantaTaxExpert,

I am an international undergraduate student and a non-resident alien for tax purposes. I worked on OPT for a summer and also got bonus for opening an account from Chase.
...

Hi,
For 2012 I will only file form 1040NR-EZ as determined by my international student tax prep software.

I just wanted to know if there will be any penalty or problems in my H1b visa...

Dear AtlantaTaxPrep,
I have been in the US since August 2009 and only worked on OPT in Summer 2012. I did not file any 8843 forms while I was not working here. I am now filing my federal tax returns...