26 June 2008
Defying the White House, Representatives in the US House voted to prevent about 22 million taxpayers from being hit by the alternative minimum tax (AMT). What? Oh yeah, just like with any headline, there’s more. The idea of AMT relief was originally endorsed by the GOP (such as Senator McCain). The problem with AMT relief? [...]
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20 June 2008
Taxpayer asks: I would like to ask some tax related questions related to selling a house outside of the USA. We sold a house in Hungary, with all taxes paid there.There is documentation to prove this. Would there be a tax liability in the USA if the money from this sale would be brought into [...]
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