Personal Taxes
The most frequently asked tax questions related to Personal Taxes
IRS HAS QUESTIONS RE: 2025 TAX RETURN
Asked Monday, June 29, 2026 by CarmenIRS wants to verify my identity and obtain proof of my having filed a tax return for 2025.
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IRA RMD
Asked Friday, June 26, 2026 by DonI have an IRA and I purchased an annuity with part of the money. I understand that the payments from the annuity can be used as part of my required RMD. How do I document this when I file tax return.
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Taxes amount
Asked Monday, June 15, 2026 by A S M SARWARWill my personal income tax be combined with my business tax? I am in New York and run a business in Alabama. How much tax do I need to pay for my business? Will it be connected to my personal income tax? What will the calculation for my business tax be if it is not included?
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Crowdfunding management need to know how it gets taxed
Asked Sunday, June 07, 2026 by EricaI maintain some crowdfunding campaigns where I keep none of the profits and there are no gifts or services sent out to any donors. I need to know how it will get taxed. I have a gross income around $13,000 and a net income at around $12,000. Can I use it as a charitable write off? How much should I set aside for taxes?
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FiCA tax exemption for domestic services
Asked Sunday, May 31, 2026 by MaryIs a step parent exempt from paying FICA taxes for performing domestic services for their adult step daughter that lives in the home?
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Inheritance tax question
Asked Tuesday, April 14, 2026 by StephanieI need to know what to complete for an inheritance I received. (It was land split with family members) and sold in 2025. I received a 1099-S and am filing on my own but do not know where to go to add this information in my taxes.
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Itemized deduction for partial rental
Asked Sunday, April 12, 2026 by Syed ShahriarI have a 5 bedroom home and want to rent out 3 bedroom, but i won't live in the other 2 rooms, just keep them vacant and rent a different place. I live in california and my mortgage is around 850k. I am wondering how will by itemized deduction will look like in that case. I earn 400k per year.
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LLC to offset W2
Asked Sunday, April 12, 2026 by Syed ShahriarHi i earn 400k per year married filing jointly, i have a primary home which i am renting out. i live in california. My cpa recently told me something about creating a mutliperson llc , so that i can offset my w2 income. My home price is 1 million with around 850k loan at 4.125% interest rate with 12k yearly property tax. Can you suggest what he was talking about
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Owed IRS tax refund/Never has happend
Asked Friday, March 27, 2026 by PAULThis year my wife and i had to PAY the IRS. I had almost $6500 of tax withheld. She had barely anything at about $750. What does she need to fill out on her W2 so this will stop,and we will get a refund. I also have another side job and that job took $0 out for withheld taxes? Thank you.