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Am I taxed if I take money out of my child's 529 Plan and give it directly to him?

William Keats
Answered by William Keats
President , Keats Tax & Financial Services, North Merrick, New York, USA
Topics:     529 Plan
I am assuming you are the 529 plan owner. Your son is the beneficiary. The contributions in the plan must be used for...   Read More

Help! I need ideas on how to help my clients avoid AMT!

William Keats
Answered by William Keats
President , Keats Tax & Financial Services, North Merrick, New York, USA
The AMT, as you know, affects more and more people every year. This will probably continue for a while longer even...   Read More

My fiance and I are considering getting married and were wondering what type of tax bracket it would place us in after marriage. My income is $200,00 per year and his is $175K per year. What will out taxes look like if we own no home (married and then unmarried) with very few deductions and no kids?

William Keats
Answered by William Keats
President , Keats Tax & Financial Services, North Merrick, New York, USA
I am assuming you are getting married in 2013. Based on your Adjusted Gross Income, filing jointly, no dependents,...   Read More

When I move to Australia I understand that 12% of my wages will be deducted and placed into a government superannuation account that I cannot touch until I retire. What if I move back to the United States? Do I lose all of the money contributed to this Australian retirement account?

Fred  Rollo
Answered by Fred Rollo
Director Principal, Rollo & Company Pty Ltd, Sydney, Australia
Topics:     Taxes in Australia
It isn't quite as dire as that. There is a compulsory superannuation regime in Australia. Employers are obliged to...   Read More

We are a small business that often hires consultants out of India. Can you tell me if we have any taxes due in India for hiring consultants in that market? What are the tax rules and regulations surrounding hiring offshore workers in India for a US company?

Daniel Erasmus
Answered by Daniel Erasmus
Managing Partner/EMEA, International Tax Attorney, West Palm Beach, Florida, USA
The answer starts with determining whether you have a permanent establishment in India. The DTA between India and the...   Read More