• NOTE:  Those looking for IRS Forms and Publications to assist them in the preparation of taxes, click here.  For the Top 9 Frequently Asked Questions dealing with gift, estate, real estate and foreign taxation, click here.

2003 FAQs

• February, 2003: Sec. 1031 Exchange Time Limits   Foreign Residency Exclusion    Separate Property Income    Offshore Companies   S Corporation Distributions

• January, 2003: Capital Loss on Residence  Worthless Stock  Tax-free Exchange with Related Party  Sale by Irrevocable Trust

2002 FAQs

• December 2002: Gift of Principal Residence   Residence Exclusion   Foreign Company Conducting Business in U.S.   Foreign Ownership of U.S. Bank Account

• November, 2002: Foreign Corporation with U.S. Subsidiary   Delinquent Payroll Taxes   Payment to Abandon a Tenancy     Estate Transfers without Probate

• October, 2002: Loan Forgiveness as a Gift   Deducting Educational Expenses   Adding Child's Name to Real Estate Title   Same-sex Couple and Estate Planning

• September, 2002: Married Filing Separately vs. Jointly   Renting, Then Selling a Residence   Income from a Q-TIP Trust    Sale of a Multiple Ownership Residence

• August, 2002: Stock Trading by Foreigner   Part-Gift, Part-Sale of Principal Residence   Tax Liability of Surviving Joint-Tenant   Deductions for Foreign Dependent

• July, 2002: Partial Sale of Residence    Sale of Residence Used Partly for Business   Tax Consequences of "high-yield" Internet Investment   Paying Employee Bonus as Independent Contractor Fee

• June, 2002: Gain From a Second Home Sale  Capital Loss Carryforwards  Criminal Liability for Non-payment of Taxes  Income Taxed to the Person Earning It

• May, 2002: Transfer of Residence to Revocable Trust   Foreign Earned Income Credit   Taxation of U.S. Residents with Foreign Investments   Medical Insurance Deduction for Small Businesses

• April, 2002: Valuing a Bond When Company is Bankrupt   Reward for Proving a Tax Protestor is Wrong   Who Pays Estate Tax When Surviving Spouse Dies?   Real Estate Investor and Schedule C

• March, 2002: AOL as Business Expense   Computing Stock Basis When Company Merges   Taxation Involving the Transfer of Foreign Funds to U.S.   Taxation of Foreign Co-Owner of Bank Account   Reporting a Second Residence Loss

• February, 2002: Elevator in Home  Sale of Residence  Overpayment of taxes  U.S. tax filing for U.S. Expatriate

• January, 2002: Tax Accounting Period   U.S. Residency Rules    Employee Stock-Loss Issue   Tax Consequences of Abandoning Stock.

2001 FAQs

• December, 2001:  Deduction for educational expenses;   Taxation of Incentive Stock Options;   Computation of adjusted basis for real estate;    Reporting requirements of foreign trust with a U.S. grantor or beneficiary.

• November, 2001: Pro-Rating the Residency Exclusion.;   Partial Gift of Inheritance;  Renting a Residence and the Impact on the Residence Exclusion; Deducting Attorney's Fees

• October, 2001: Joint tenancy - Reporting gain on residence; IRA withdrawal for vacation home down payment; Bank refuses to correct IRA contribution mistake; and Using the AMT credit in future years

• September, 2001: Joint tenancy issues; Employer tuition-assistance program; Gift by NRA of California home; and Withholding exemption rules

• August, 2001: Sale of Property Received by Gift; Selling ISO stock; Foreign Earned Income Credit Rules; and Placing a Residence in Trust then Selling it.

• July, 2001: Refinancing a Residence; Using an Isle of Man Tax Haven Company; Sale of a Residence by a Non-US Citizen; and a U.S. Person Working in China.

• June, 2001: Deducting graduate educational expenses; Tax reporting for capital gains; Exercising options, then borrowing on margin to pay taxes.

• May, 2001:  Gift of car to father; Sales of principal residence; No W-2 for work performed; Conversion from S to C corporation;   Electing Mark-to-Market Accounting.

• April, 2001: Credit for Swiss taxes; Sale of incentive stock options; IRC Sec 1031 exchange into a Real Estate Investment Trust ; Tax basis involving gift of real estate; Documenting mortgage deduction; Tax rules regarding a temporary assignment for Service Members.

• March, 2001: Divorce and property settlement; Insurance co. demutualization payment; Placing a home in an irrevocable trust; Estate taxes re: joint tenancy brokerage account; Choices for paying delinquent taxes.

• February, 2001: Stock's "trade date" controls gain or loss; Sham trusts; IRS "deficiency" defined; and State educational fund rules.

• January, 2001: Taxation of LLCs; Gifts to a non-resident alien spouse; Tax protesters Schiff and Merideth; Tax on inheritance; Responsible party for payroll taxes and why taxes are mandatory; and Real estate tax planning.