| Author | Message | ||
Onlymovies Comedian Username: Onlymovies Post Number: 1016 Registered: 05-2014 Posted From: 137.200.32.54 Rating: N/A |
Thanks for all your suggestions.. next time nunchi aa job related expenses veyyaddu ani cheppesta | ||
Sanju Side Hero Username: Sanju Post Number: 3071 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
emee avvadu..audit ayinaa kooda proofs aduguthaadu..vuntey ivvu, ledantey IRS odey nee returns ni adjust chesi you owe this kattesei antaadu....calm ga kattesei... naaku two times ayyindi..job lo join ayina first yr friend chesistha ani evado desi gadi tho cheyinchi gross salary ki 10% return theppinchaaadu...after 2 yrs got letter from IRS asking for proofs. levu antey na return adjust chesi balance katteyyamante kattesa.. second time dependent ki proof adigaadu. submit chesthey OK annadu... bottomline is don't claim any deductions without proofs.... | ||
Jalsa Legend Username: Jalsa Post Number: 34621 Registered: 02-2008 Posted From: 24.186.109.17 Rating: N/A |
marinkemi...there lies our answer....i don't do this. standard deductions anthey. | ||
Idiot1 Side Hero Username: Idiot1 Post Number: 3953 Registered: 07-2008 Posted From: 107.77.76.92 Rating: N/A |
audit padithe vaadu chesedemi undadu. Nuvuu vesina expenses ki proofs choopinchamantaaru. Vaaadem chesthaadu daaniki. | ||
Jalsa Legend Username: Jalsa Post Number: 34620 Registered: 02-2008 Posted From: 24.186.109.17 Rating: N/A |
kiki...aallaki telustai emo le...if he can stand by in case of an audit, he will handle it. | ||
Onlymovies Comedian Username: Onlymovies Post Number: 1015 Registered: 05-2014 Posted From: 137.200.32.54 Rating: N/A |
Nenu gata 7 years ga oka tax consultant cheta tax file cheyistunnanu.. 2015 year cheyinachataaniki ninna velli, ayipoyina taruvata oka saari asalu em chesaavo cheppara ante.. job expenses ani 8K vesaadu naaku dimma tirigindi.. emitra ivi ante.. anni under limit lo vesaanu not to worry.. annadu.. adi kaadu neenemi spend cheyyaledu kada ante.. avi under limits.. so no one question that.. why to leave the free money annadu.. Iam still on H1 and FT job. Am I ok? or better to change him antaaraa? | ||
Jeffa Junior Artist Username: Jeffa Post Number: 569 Registered: 10-2012 Posted From: 73.231.28.224 Rating: N/A |
Amma thodu Bomma Soopistaar... US lo IRS tho, INS tho, law enforcement tho sedarangam aadithi.. kevvu keka... | ||
Jeffa Junior Artist Username: Jeffa Post Number: 568 Registered: 10-2012 Posted From: 73.231.28.224 Rating: N/A |
Nee number (101) saaldu Thammi.. Read form the Horse mouth: https://www.irs.gov/Individuals/International-Taxpayers/Subs tantial-Presence-Test | ||
Boglehead Junior Artist Username: Boglehead Post Number: 128 Registered: 06-2014 Posted From: 174.59.126.97 Rating: N/A |
If you're married, you have to file as either MFJ or married filing separately, but not as head of household. You can't claim your spouse as a dependent. Your kids can be. | ||
Mahiz Junior Artist Username: Mahiz Post Number: 727 Registered: 10-2012 Posted From: 172.56.39.143 Rating: N/A |
I have two W2 for the year 2015 Where can I check for the tax estimate based on this data | ||
Gotcha Megastar Username: Gotcha Post Number: 23642 Registered: 02-2008 Posted From: 107.77.111.26 Rating: N/A |
Jeffa Tax law prakaram 180 days kante ekkuva unte irs treats u as us resident. Tax 101  ... | ||
Andhrawala Legend Username: Andhrawala Post Number: 48066 Registered: 03-2008 Posted From: 98.122.159.226 Rating: N/A |
Dorikithene Jagan. Dorakkapothe CBN No Signature | ||
Hero Side Hero Username: Hero Post Number: 8297 Registered: 09-2009 Posted From: 104.177.182.44 Rating: N/A |
*tax software | ||
Hero Side Hero Username: Hero Post Number: 8296 Registered: 09-2009 Posted From: 104.177.182.44 Rating: N/A |
IRS audit cheste veepu pagilipotadi They can audit any time ...kiki Kummestaru ..CPA gallaki ee bokka telvadu ..everything you have give . Better use tax and file by your self..and be honest ..fines veste unnadi anta potadi | ||
Jeffa Junior Artist Username: Jeffa Post Number: 567 Registered: 10-2012 Posted From: 73.231.28.224 Rating: N/A |
Chi-Koo ani oka special status vuntundi.. Chip-Koo-DU | ||
Jeffa Junior Artist Username: Jeffa Post Number: 566 Registered: 10-2012 Posted From: 73.231.28.224 Rating: N/A |
if Insurance is ONLY the issue, we can pay penalty(which is quite low this year) and get the tax benefit. But again read.. insurance is ONLY the issue. The dependents also must submit the FBAR.. its a set of mess to get into .. to show dependents exemption | ||
Jeffa Junior Artist Username: Jeffa Post Number: 565 Registered: 10-2012 Posted From: 73.231.28.224 Rating: N/A |
ila choopiste.. dippa paguluddi IRS catch cheste.. (You need to prove that the dependent is a US Person. Google for the definition of US person for tax purpose) | ||
Jeffa Junior Artist Username: Jeffa Post Number: 564 Registered: 10-2012 Posted From: 73.231.28.224 Rating: N/A |
This is First Class Boothu... | ||
Idiot1 Side Hero Username: Idiot1 Post Number: 3952 Registered: 07-2008 Posted From: 205.181.102.108 Rating: N/A |
ee range lo doskuntunnnaraa, audit padithe em chesthaaru  | ||
Andhrawala Legend Username: Andhrawala Post Number: 48064 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
chaala mandhi once a dependet life long dependent laaga soopinchesthaaru Bahusaa ippudu Obama Care vaccheka adhi thaggudhii as they wont be have insurance ehre No Signature | ||
Gotcha Megastar Username: Gotcha Post Number: 23639 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
legal ga 181 days kante ekkuva unte cheyali, manaki i94 lo maximum ichedi 180 days. also u only show them as dependents if they intend to immigrate. ... | ||
Onlymovies Comedian Username: Onlymovies Post Number: 1014 Registered: 05-2014 Posted From: 137.200.32.6 Rating: N/A |
\parents ni dependents ga chupadam Idi cheyyakoodadaaa? 6 months vunte cheyyachu antaaru? | ||
Andhrawala Legend Username: Andhrawala Post Number: 48061 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
down payment 25% vuntundhii vacancy vuntee doola theerio. otherwise India pampebadhulu ikkadaa okaa 10-20 properties konnukkocchu LinkMaster ki US lo chaala vunnaayi No Signature | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 3067 Registered: 04-2015 Posted From: 108.31.48.178 Rating: N/A |
compared tp stocks yes. but safe. end of the day if you have a physical property. kids ki college fees ki panikosthandi as logn as you are paying xero or minimal amount on the property the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
True_indian Hero Username: True_indian Post Number: 12123 Registered: 01-2008 Posted From: 143.165.48.50 Rating: N/A |
AW but you are not considering the repairs and vacany in your case if there is no downpayment and long term tenant its not very good investment kada .those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches. | ||
Gotcha Megastar Username: Gotcha Post Number: 23638 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
general ga 15 years ki payoff ayipote rent amount =15 years ki equal ga raadu, 30 years ki eqal ga vastadi. ... | ||
Just4fun Legend Username: Just4fun Post Number: 34700 Registered: 10-2007 Posted From: 204.235.114.64 Rating: N/A |
Great point. so after 15yrs, if you sell that house for $240k euqal to 2Rs vaddi in Indian format. Plus very safe investment. | ||
Gotcha Megastar Username: Gotcha Post Number: 23637 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
160k nee petubadi 32k, 32 k meeda enta rabadi vachindi chusukovali not on 130k. ... | ||
Just4fun Legend Username: Just4fun Post Number: 34699 Registered: 10-2007 Posted From: 204.235.114.64 Rating: N/A |
15Yrs loan, 160K investment. So after 15 yrs if he sells that house for $150K, he makes 10K per year. Which means $1k per month. ante na? House value double site bonaza avvakunna 1K/month earning am I right? | ||
Andhrawala Legend Username: Andhrawala Post Number: 48060 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Principal ki pay chesedhii manam consider cheyakooadadhuu repu illu amminaa aa dabbu vachesthundhi kathaa No Signature | ||
Gotcha Megastar Username: Gotcha Post Number: 23636 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
ade mari main selling point. nuvvu kate monthly payments = rental income ayite nee dabulu emi petakunda illu principal kadutunavu kada and after 30 years house is urs kada. savings or cd type anuko ... | ||
Siloan Legend Username: Siloan Post Number: 44715 Registered: 03-2008 Posted From: 132.174.20.41 Rating: N/A |
long run lo filing jointly melu sesthadi auta | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 3062 Registered: 04-2015 Posted From: 108.31.48.178 Rating: N/A |
No.
yes. But i think you get the same benefit anukunta. check once more on HRBLOCK. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Chantichanti Comedian Username: Chantichanti Post Number: 1617 Registered: 08-2008 Posted From: 70.151.178.14 Rating: N/A |
Oka question here ?? If my wife is not working ... should i file as 'Head Of Household' and claim her as dependent ? or 'Married filing jointly'? If i select 'Married filing jointly' can i claim her as my dependent ? | ||
Just4fun Legend Username: Just4fun Post Number: 34697 Registered: 10-2007 Posted From: 204.235.114.64 Rating: N/A |
mari rendu chuste neeku yr ki $15K on rent vaste, $15.6 expenses unai. inka emi profit bro? am i missing anything here? | ||
Siloan Legend Username: Siloan Post Number: 44712 Registered: 03-2008 Posted From: 132.174.20.41 Rating: N/A |
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Andhrawala Legend Username: Andhrawala Post Number: 48057 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Monthly payment will be Principal+Interest+ Escrow(Ins+Tax installment) on 15 year loan is around 1000.00 But I pay HOA outside Principal payment ki exemption emivundadhu as its not an expense but we are repaying the loan
rental property India lo vunna cheyoocchu ani chebuthunna. adhi bottomline No Signature | ||
Just4fun Legend Username: Just4fun Post Number: 34696 Registered: 10-2007 Posted From: 204.235.114.64 Rating: N/A |
Ante enti? monthly payment $350 aa? down paymnet enta chesav? | ||
Gotcha Megastar Username: Gotcha Post Number: 23635 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
yes rental ki it is revenue-expenses-depreciation. primary house ki matrame deductions lo claim chesukuntavu and that those deductions dont matter if u hit the AMT limit. ... | ||
Andhrawala Legend Username: Andhrawala Post Number: 48056 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Town home brother Under tax law they allow depreciation of the building cost only. adhi cheppenuu No Signature | ||
Jalsa Legend Username: Jalsa Post Number: 34594 Registered: 02-2008 Posted From: 159.53.110.140 Rating: N/A |
annai, ee concept antey land koni illu kattukovadam with few friends concept US lo chesara meeru? I need some details. | ||
Andhrawala Legend Username: Andhrawala Post Number: 48053 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
brahmandam gaa seyyocchu Por example last year I bought a rental property monthly rent 1250 so yearly income = 15000 property tax = 1800 Insurance = 500 hoa = 1320 interest on mortgage = 4000 so real income 15000-(1800+500+1320+4000)=7380 Now property cost is 160K. 40 K land value anukuntee building cost 120K Depreciation 120K/27.5=4363 so 7380-4363 ante 3K will e taxable income for me ----------- India lo property ainaa same rule applies http://www.investopedia.com/articles/personal-finance/022415 /do-you-get-us-tax-deductions-real-estate-abroad.asp No Signature | ||
Andhrawala Legend Username: Andhrawala Post Number: 48052 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Investment home meedha koodaa u show the income , pay tax for it, if loan get deduction for the interest and also depreciation too Basically US law prakaaram world wide income soopinchaali SO for a investment home real income = rent recved - expenses (interest and depreciation) if this is negative u get tax benefit No Signature | ||
Sanju Side Hero Username: Sanju Post Number: 3060 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
what about mortgage interest on rental property? avi business expense kinda itemize cheyyochu emo kada? | ||
Legend Username: Twitter Post Number: 43175 Registered: 10-2009 Posted From: 66.194.212.162 Rating: N/A |
thanks for the thread , nene veddham anukunna.. last year na llc okati moosesi tax file chesanu kaani i owe tax on that aa bill lantidhi emi raaledhu ..koddhiga complicate chesanu ley ..personal mundhu chesesi aa tharvatha llc vi chesanu andhuku confusion lo padi kottuku poyindhantaara leka pothe auditing etc padi naakinchestharantara ? experts ? | ||
Gotcha Megastar Username: Gotcha Post Number: 23634 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
some more cheatings by manolu parents ni dependents ga chupadam in laws ni dependent ga chupadam agriculture land meeda loss chupinchadam per diem more than a year claim chesukovadam per diem claim chesukovadam even though u don't live in another house 50 miles from ur house. list goes on and on  ... | ||
Jalsa Legend Username: Jalsa Post Number: 34593 Registered: 02-2008 Posted From: 159.53.110.140 Rating: N/A |
this is what i was thinking! | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 3059 Registered: 04-2015 Posted From: 108.31.48.178 Rating: N/A |
idhedho ATM lo dabbulu withdraw type alochana. kikiki. Evaru chepparu. Ikkada home buyiogm cheyyataniki iche deductions avi. Dorkanantha varaka rajule evaru aina. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Gotcha Megastar Username: Gotcha Post Number: 23633 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
chesukokudadu. logical the reason u claim interest on ur tax deductions is to promote home buying in US, its an incentive for home market. ekkada india lo koni ikkada tax claim chesukunte veelu avadu. the deduction should be for ur primary home, nee primary home us lo unte india lo ela chesukuntavu. doraka nanta varake ee dopidilu. ... | ||
Jalsa Legend Username: Jalsa Post Number: 34590 Registered: 02-2008 Posted From: 159.53.78.143 Rating: N/A |
oh!!! iidhi telvadhu, good to know. inkokati... ikkada itemize cheyakapothey, standard exemptions for family of 4 around 18K untundhi kadhaa? what about when you own a house and itemize? interest+property tax+exemptions? | ||
Andhrawala Legend Username: Andhrawala Post Number: 48035 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
brhamaandam gaa chesukocchu But u need to show the rental income, take deduction for the mortgage interest and also depreciation etc. No Signature | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 3058 Registered: 04-2015 Posted From: 108.31.178.233 Rating: N/A |
Rowsy, Ideally it is only applicable who uses car for their business like a plumber attending a home call not like a private transport to your office location. dry cleaning costs kuda esta vuntaru. end of the day audit ranantha varaku ok. If you are still pursuing GC, my advice don't do it. Not worth it. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Rowdy Legend Username: Rowdy Post Number: 36435 Registered: 01-2010 Posted From: 73.184.45.249 Rating: N/A |
Vammo ... Cpa on phone atanu ... Last 5 yrs atane naa asthana cpa ... Eesari etuvanti expenses pettoddu ani cheppestanu aite ... Cpa ni marchadam kante, vadine emi pettoddani chebte atleast repu edanna padite vadini chupinchochu ani | ||
Jeffa Junior Artist Username: Jeffa Post Number: 561 Registered: 10-2012 Posted From: 73.231.28.224 Rating: |
Vaadi chepte kaalu virigina gangireddu laa thamaru thala voopesi.. jumping chesukuntu vocheyyatamena? intiki vochaaka kaasta research cheyyyoddu?(at the end of the returns documents, its YOU who will sign on it). This kind of deductions mostly work for 1099 candidates or even self employed. These are VERY risky for folks like you. CPA gaadiki aavu kadha maatrame telusu.. pratidi aavu ki link chestaadu. Example: Nee food and nee wife, kids expense(if you are officially married)kooda nee job related expense ani cheputhaadu. endukante... nee vujjogam cheyyataniki maatrame vaallanu ikkadaku teesuku raavatam, vaalla kharchu etc ani cheppi, adi kooda tax deduct chesuko antaadu. Inka nee bathroom lo toilet paper expense koodaa kevalam... ee cleaning nuvvu ikkada job cheyyatam valana maatrame jaruguthondi.. tax deduct chesey antaadu... Denikanna oka lekka jema vundaali saar.. korivi tho thala gokkunte.. inka ekkado nippu antukovochu.. jaagratha. at least do some research before relaxing. | ||
Gotcha Megastar Username: Gotcha Post Number: 23627 Registered: 02-2008 Posted From: 73.51.218.122 Rating: N/A |
Ledu adi every year aa vammo ... | ||
Rowdy Legend Username: Rowdy Post Number: 36434 Registered: 01-2010 Posted From: 199.59.5.11 Rating: N/A |
maa cpa gadu everytime naa car loan interest pedutu untadu. emante nuvvu nee car lo ne office ki velatavu kada ani cheptadu ... 20miles*200days choppuna calculate chesi gas bill kuda vestadu ... hole padinattena? | ||
Time_pass Side Hero Username: Time_pass Post Number: 7146 Registered: 06-2008 Posted From: 104.129.204.49 Rating: N/A |
nope | ||
Emc2 Legend Username: Emc2 Post Number: 47004 Registered: 03-2008 Posted From: 108.48.4.24 Rating: N/A |
irrespective of the status you can take depriciation, but it is tricky, it may trigger audut | ||
Jalsa Legend Username: Jalsa Post Number: 34585 Registered: 02-2008 Posted From: 24.186.109.17 Rating: N/A |
Non-immigrant status lo untey India house loan meedha interest ikkada deduct chesukovacha? Few years back colleague chesadanta. I seriously doubt. | ||
Emc2 Legend Username: Emc2 Post Number: 47003 Registered: 03-2008 Posted From: 108.48.4.24 Rating: N/A |
no, unleass you are leasing from your through your company that lease will be right off or you can take standard depriciation 20% for 5 yrs or based on your car weight 50% in first year rest all for another 4yrs | ||
Onlymovies Comedian Username: Onlymovies Post Number: 1012 Registered: 05-2014 Posted From: 137.200.32.6 Rating: N/A |
Car loan interest tax filling lo choopinchalema? |
