Question & Answer

My Dad turns 80 next month and his driver’s license is up for renewal.

MyOur family is hoping the RMV doesn’t renew my 80 year old father’s drivers license because we think his driving is dangerous, but he insists on driving. What can we do? In the United States, getting one’s driver’s license is a rite of passage. Access to a car or other vehicle allows great freedom and independence: to go where we wish, do what we wish, and do it on our own schedules. Understandably, when we, or our elderly dependents, are told we can no longer drive, there will be a good deal of resistance and a tough pill to swallow. In Massachusetts, there is not an age at which a driver’s license is automatically revoked. However, beginning at age seventy-five, drivers must renew their license in-person at the Registry of Motor Vehicles [RMV] rather than online. At the RMV, such a driver will have to undergo a vision test, or

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Is there a Statute of limitation( do they forgive or forget unpaid tax )

In 2002, after receiving a green Card in the USA I got SSN. In America I never worked and left it. I live in Russia , the green card was for two years. Have not been there for 14 years. But in 2002-2005 my SSN was used to get payments through the sites. As far as I know, IRS sent the claim to the old address in the USA many years ago then stopped ( I think they were told I don’t live in the USA anymore, useless to search for me ) Plus I thought why pay not living in the country where I can’t even go. My Question is there a statute of limitations. If i go there will I have any problems in the USA. Should I pay or need to explain them?  First, once you have a green card you are taxed on worldwide income for

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Did You Get Married This Summer?

By Eric P. Rothenberg, Esq. – Tax tips for the recently married or getting married before year end: Your filing status changed so change Form W-4 (withholding), address and name changes on Form 8822, change your name to the Social Security office, and forwarding addresses at the Post Office. Remembering to do these tasks will save you a lot of trouble when it comes time to file your annual tax returns. If you have any questions regarding your tax or estate planning contact attorney Eric Rothenberg.

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My company does not withhold taxes from my paychecks.

I am a foreigner currently working in the USA and my company does not withhold taxes from my paychecks. So I was wondering if it is possible for someone who is knowledgeable in taxes to let me know how much (what proportion) of my salary should I set aside for taxes purposes? p.s. I am a non-resident alien You may be a resident alien even if you had no green card at all during the year and it wasn’t taken away by abandonment or the courts, if you met the “substantial presence” test in the US. These are complex rules and you should be sure you are still not considered a resident alien. If you were not, then you need to make estimated payments on income earned income. The amount you need to pay in as estimated taxes depends upon many factors including, amount of income, tax treaties, etc. We

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Will we have to pay capital gains tax?

My father gave his house to me and my sister before he died,if we sell the house will we have to pay capital gains tax? If he truly gifted you both the house and retained no rights, then your basis is the basis your father had [purchase price plus capital improvements]. But most likely, and you will need an attorney to get more information, your father either retained an interest in the house legally, or he ratined it in actuality, in which case it would still be included in his estate and you would get a step up in basis equal to the FMV of the home the day he died. This is a question you truly need to see an attorney well versed in probate and estates. It’s worth the time and money to get a good reliable answer. Eric Rothenberg

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