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If There Are Nonresident Partners In A Partnership Tax Return Filing, Is There Anything Special You Are Required To File With The Return?
User Photo Gary Carter, PhD, MT, CPA
Tax Professional Level: Tax Enthusiast

Under IRC Section 1446, a partnership that has income effectively connected with a U.S. trade or business must pay a withholding tax on the effectively connected taxable income that is allocable to its foreign...   Read More
As A Visiting Professor Teaching Students Another Language, I Am Here In The United States For Six To Nine Months. Am I Required To Pay...
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

Depends on the type of visa you are on and what country your visa is from. More info please.   Read More
Am I A Resident Or Nonresident For Tax Purposes?
User Photo Gary Carter, PhD, MT, CPA
Tax Professional Level: Tax Enthusiast

The rule under Sec. 7701(b)(5) of the Code says that a J-1 visa holder is treated as an "exempt individual" (a nonresident) for two calendar years, only if the individual was not an exempt individual (a nonresident)...   Read More
What Are The New US Tax Rules Regarding Offshore Assets Of US Taxpayers?
User Photo Gary Carter, PhD, MT, CPA
Tax Professional Level: Tax Enthusiast

Here's a chart outlining your filing requirements from the IRS web site: www.irs.gov/Businesses/Comparison-of-Form-8938-and-FBAR-Requirements (If this link doesn't work - copy and paste the full address) If...   Read More
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Hi, If A Married Couple (US Citizens) Living Abroad And Only One Is Earning $150,000 (the Other Spouse Is Not Working)...can They...
User Photo Gary Carter, PhD, MT, CPA
Tax Professional Level: Tax Enthusiast

The foreign earned income exclusion of $92,900 for 2011 ($95,100 for 2012) is for one earner, so in your case only $92,900 can be excluded. For any earned income in excess of the exclusion, you can claim the...   Read More
It Is My Understanding That "passive Loss Rules" Prevent The Deduction Of Rental Real Estate Losses.Can You Explain This To Me? I...
User Photo Gary Carter, PhD, MT, CPA
Tax Professional Level: Tax Enthusiast

The passive loss rules were enacted in 1986 under Section 469 of the Code to prevent the deduction of so called artificial losses against earned income and portfolio income. The losses disallowed under Section 469...   Read More
Is Income Of Nonresident German Research Associate Exempt Under The US Tax Treaty With Germany?
User Photo Gary Carter, PhD, MT, CPA
Tax Professional Level: Tax Enthusiast

The retroactive clause in the treaty was amended with the 2006 protocol. You can access the German treaty through www.form1040nr.com/taxtreaties.php . The protocol says that the retroactive provision no longer...   Read More
What Is Self-Employment Tax And Is This In Addition To Other Taxes I Pay As A Small Business Owner At The End Of The Year?
User Photo Gary Carter, PhD, MT, CPA
Tax Professional Level: Tax Enthusiast

Self-Employment tax is Social Security and Medicare tax for self-employed individuals. The rate is 13.3% of your self-employment net income for 2012 (10.4% for Social Security tax and 2.9% for Medicare tax)....   Read More
Hi, I'm A German Citizen Who Came To The US In December 2011 On A J-1 Visa As A Postdoctoral Scholar At UCSD. I'm Being Paid Directly By...
User Photo Gary Carter, PhD, MT, CPA
Tax Professional Level: Tax Enthusiast

Article 20 of the US/German tax treaty allows a full exemption for income from teaching or research for up to two years if your stay is temporary. The provision that required a retroactive revocation of the...   Read More
For A Visa Holder Living In The U.S., How Do I Determine My Residency Status For U.S. Tax Purposes?
User Photo Gary Carter, PhD, MT, CPA
Tax Professional Level: Tax Enthusiast

Your residency status is based on the substantial presence test, which takes into account the number of days you have been present in the U.S. during the current year and the two previous years. Certain visa...   Read More

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