Recent content by bereedcpa

I have a California resident that made approx $20k in Italy and paid $7k in tax in Italy. This person is self employed. Should I report this income on the schedule C? Where can I take this tax as a payment against tax liability in the US?

This question pertains to US, California, and Non-Resident tax payers required to file 1040NR. An entertainer from the UK played in Los Angeles and received a W-2 for this performance. They had the following withholdings. 1. Federal 2. Social Security 3. Medicare 4. State (California) 5...

USA and California In 2007 I had a theft loss in excess of my AGI. I would like to use this excess deduction on my 2008 taxes. Can I use this excess loss on my 2008 taxes? If I can, what IRS form do I use to report this loss carryforward? Do I simply report it as prior year excess loss on...