Questions tagged [irs]

Internal Revenue Service which is the US Federal Tax authority.

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2answers
498 views

Should I file for 1040 or 1040NR if I eventually intend to petition for permanent residency?

I'm on F1 visa with OPT status working at a company in US. Normally, F1 visa students qualify for 1040-NR for at least 5 years if they do not pass the substantial presence test. However, there seems ...
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1answer
173 views

Does the IRS notice if the same estate is left sequentially to a series of spouses? Does it care?

Sorry if this is too frivolous. Just tell me nicely if it is. It is very hot, and my mind drifted -- as whose would not? -- to estate taxes. As many of us know, in the US, any amount may be left ...
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1answer
121 views

Car as business expense, but not because of driving

I was brainstorming a not-documented way of possibly deducting a car and associated costs as a business expense. But not because of normal driving. So I would like some insight into it. I would like ...
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1answer
938 views

Is IRS Sec 408 rebate legit?

Is the $1,680 retiree cash rebate from IRS Sec 408 legit as declared in newsletter solicitation? Spam email offers insights in special pamphlets with subscription to Oxford material.
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1answer
67 views

What is Tax Return document and where to search for it ONLINE? [closed]

I am wondering whether so called "Tax Return" document for X time period has any alternative definition or form code (form id number)? If yes, what is it? I am trying to find it online for wanted Inc ...
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1answer
112 views

Income Tax on per Diem (Non Accountable plan) [closed]

My Employer started giving me per diem @ of 4.50 per hour, the per diem pay check runs separately and it includes Medicare and Social related taxes, but no Federal or State tax. The pay check list ...
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1answer
3k views

PayStub - What is Employee ID?

Would anyone be so kind to please explain what is Employee ID and where can I get this information online on my own? The term "on my own" means that I want to find this myself without asking/calling/...
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2answers
136 views

For independent contractors, can you use your room as a deduction if you don't pay rent?

I'd like to use my living space as a deduction, I don't pay rent.
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2answers
106 views

Can 1099 workers have “purchase” type expenses?

In the USA, say Jane is a 1099-type worker - she's self-employed. She has various expenses which are generally deductions from her profit, but note that... https://www.irs.gov/businesses/small-...
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1answer
121 views

If I owe the IRS, how can I protect my new business?

I want to fix and flip some houses, and potentially pay the IRS once I make some money, but I don't want them putting liens on my properties before I can sell them.
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1answer
301 views

Can I claim exempt on my taxes if I invest what I would pay in tax?

I recently overheard in conversation that I might have the ability to evade Uncle Sam touching my money if I invested what I would pay in taxes for the year into a IRA or ROTH account? Is this true?
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1answer
426 views

What is the US tax owed when gifting India Shares to my brother?

I am planning to gift my India Shares in Stock Market to my brother, which has an overall value of 400,000 USD. According to Form 709 I can do a 14,000$ per year gift tax and file. My question is, can ...
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1answer
107 views

Gift tax on gifts from multiple, unrelated individuals [duplicate]

Based on my “pay no tax” research I found this gift law. I think I’m on the right track and would like clarification because, I literally detest the government for very good reasons; not the least of ...
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1answer
124 views

Is the IRS open December 26?

Does anyone know if the IRS is open for phone calls on December 26?
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2answers
2k views

United States Treasury Not Endorsing Checks

This is something I recently noticed. Maybe it has been going on for a while and I never realized it before. I issue a check to pay quarterly estimated taxes, payable to the "United States Treasury". ...