I am a Married Indian resident. I had visited US in 2006 twice on H1B. I have never been to US earlier. Period of Visit: March 2006-April2006 approx 44 Days - Income from NY. Stayed in NJ August 2006 – Sept 2006 approx 32 Days. - Income from NJ. Stayed in NJ My company paid the salary...

I understand that Estates can be passed tax free to the heirs if their value is less than $2,000,000, and that if you inherit stocks and sell them you'd have to pay Capital Gains on the difference between the stepped-up value and the actual sale value, but do you also have to report the sale...

My father passed away earlier this year, leaving 3 children a sum of less than $500,000.00. Everything was probated and distribution made between his 3 children. Just wanting to know if I have to declare this money as income and are there any taxes that will need to be paid, federally or to the...

:) Hi, My father recently passed away and left 50,000 dollars to shared by 4 of his children,The lump sum is to go to my brother and he is to distribute it equally,He say's about 33% has to go to federal and state taxes,We live in Ohio,can you tell me if that is true? :eek: Thanks so much...

Hi, Last year, I was working as F1 in OPT. As F1, I can exempt from society security tax and medicare tax. But the accounting company also exempted my Federal tax and told me that was the way to do it. I thought I could report my Federal tax later, so I let it go. But right now, I get my...