Tax Nitty Gritty

business
Jun 19th, 2015

Tax Consequences Of House Flipping

Ed note: Owning real estate can make your tax return a bit more complicated. Figuring taxes when you flip real estate as a side business can be mind-boggling. The most important thing to know is that it is treated very differently from regular home ownership. Here are a few more things to keep in mind. […]

answer
May 1st, 2015

Expat Tax Q&A: I Sold My House. Now what?

Ed note: H&R Block Expat Tax Services is a highly specialized team of tax attorneys, CPAs and enrolled agents whose singular focus is expat tax preparation for Americans abroad. These tax situations can be very complex, so we are featuring some answers to common questions here. Today’s post focuses on how home sales should be […]

abroad
Apr 21st, 2015

Expat Tax Q&A: Do I Really Have to File?

Ed note: H&R Block Expat Tax Services is a highly specialized team of tax attorneys, CPAs and enrolled agents whose singular focus is expat tax preparation for Americans abroad. These tax situations can be very complex, so we are featuring some answers to common questions here. Today’s post focuses on general reporting requirements. Remember that […]

expat
Apr 2nd, 2015

In Love and Tricky Taxes: Filing a Return with a Non-Citizen Spouse [VIDEO]

When two U.S. citizens get married, their tax situation changes. When a U.S. citizen marries a non-citizen, their tax situation gets incredibly complex. Leer en español. If you married a non-citizen, you have to start by determining whether you have a valid marriage for tax purposes. Then, if you have a valid marriage, you must […]

Form 1099-K
Apr 1st, 2015

What is Form 1099-K, and Why Did I Get One?

Ed note: We’ve talked a lot about the brand new 1095-A form that many people are getting this year. However, we’ve also gotten a lot of questions about the 1099-K. This isn’t a new form, but it is one that is showing up in more and more mailboxes as the way we do business changes. […]

citizen
Mar 26th, 2015

When Do Non-Citizens Pay U.S. Taxes? [INFOGRAPHIC]

If someone isn’t a U.S. citizen, they may be classified in three different ways under immigration law: An immigrant A nonimmigrant An undocumented immigrant But when it comes to tax time, the IRS is only concerned about whether they are a resident alien or nonresident alien. Resident aliens are taxed in the same manner as […]