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CPA or Tax Attorney needed for US Income Tax Planning Consultation - 20180428C 20180817R

$250-750 USD

Closed
Posted over 5 years ago

$250-750 USD

Paid on delivery
Need income tax advice for the 2x situations below. SCENARIO 1 Retired married couple (both US citizens) are expected to have rental income and capital gains. While the rental income is somewhat offset by deductions related to the rental properties, there are not much capital losses to offset the capital gains. The capital gains are significantly more than the rental income. What deductions or strategies are available to help reduce the impact of the capital gains? SCENARIO 2 Non-resident alien (NRA) has real estate in the US, which recently suffered water damage. NRA anticipates receiving insurance settlements for the condo water damage cases. Based on our understanding, individuals no longer get a deduction for attorney fees, which will be significant given that these are contingency cases. - Can NRA claim this is a real estate investment business given that he is planning to sell the property? NRA is currently restoring the condo for the purpose of selling it. - Can NRA classify this business as NRA's sole proprietorship, or must NRA create a new business entity for the business to be recognized? - We believe that the insurance settlements may affect the condo's basis. But will the insurance proceeds also have to be included as NRA's ordinary income in the current year? - In light of the recent tax reform, what real estate deductions are available for US real estate owned by NRAs? For example, home mortgage interest, property tax, repairs, improvements, etc. - Similarly, what transactions will affect basis for US real estate owned by NRAs? For example, home mortgage interest, property tax, repairs, improvements, etc. To be considered, candidates must be familiar with US tax law and should provide their credentials (including either CPA license or bar license information). Preference will be given to candidates with experience with California tax law and/or Taiwan tax law. Thank you.
Project ID: 17673855

About the project

6 proposals
Remote project
Active 5 yrs ago

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6 freelancers are bidding on average $907 USD for this job
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Dear Valued Employer, I can add value to your project, by suggesting new ideas. I am fast and reliable. For further understanding why I am the right firm for your project, kindly check my profile, reviews, rating and portfolio. With over 10 years of cross-functional experience, and helping clients world wide with diversify team, I provide genuine and innovative solutions as per your circumstances and requirements. I am MBA-Finance, M.A-Economics, and Qualified Chartered Accountant. If you feel to discuss more before you award me the project, you can send me the message. Kind regards, Rakesh
$1,000 USD in 10 days
4.7 (65 reviews)
6.4
6.4
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Hello, I am a CPA and know both US and California tax rules. I also know US international tax rules and treaties. I can provide you the consulting services you request based upon the situations below. I have been providing tax consulting services for 20 years and work with many NRAs. Please let me know if you have any questions. Kind Regards, Michael
$833 USD in 10 days
4.9 (13 reviews)
5.3
5.3
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I am a Certified Public Accountant with several years of progressive experience in Tax, general accounting including Financial Statement preparation, budgeting and forecasting.  Tax preparation during tax season (1040, 1120, 1120S, 1065 and 990, including all states)  Sales and Use Tax preparation  Payroll preparation  Audit, Reviews, Compilation and Financial statement preparation  Bookkeeping utilizing QuickBooks software
$805 USD in 10 days
5.0 (5 reviews)
5.1
5.1
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We are an established Certified Public Accountants firm since 2008 based in India. We are a team of two CPA's & six Chartered Accountants. We currently offer services to overseas clients based in USA, Australia, Canada, UAE, UK & Singapore. We have an extensive experience of providing the following services: Management Consultancy Company incorporation Statutory registrations Bookkeeping Services using Intuit Quickbooks Financial statements preparation Financial project report writeup Financial Projections General ledger maintenance Accounts payable Accounts receivable Bank Reconciliation Payroll processing Sales & use tax compliance Tax returns Other than the above mentioned services we can customize our services as per your requirements. We have a very strong team and good number of professional head counts who can consistently provide you with real time assistance. You will get to see 3 qualities in our services- Timely completion Qualitative work Data security We are looking forward to speak with you for your requirements and assist as appropriate. Sincerely, Dev Kothari
$555 USD in 10 days
4.8 (24 reviews)
5.4
5.4

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Flag of UNITED STATES
Los Angeles, United States
5.0
20
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Member since Sep 16, 2015

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