Personal Taxes
The most frequently asked tax questions related to Personal Taxes
In relation to divorce , what is community property ?
Asked Tuesday, October 17, 2000 by an anonymous userCPA Answer:
Community property is property acquired after marriage in the states that follow the community property laws. These states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. The basis of the law is that both spouses form a partnership, and all property acquired during the marriage by the labor or skill of either spouse belongs to both spouses.
In electronic filing, what is an ERO ?
Asked Monday, October 16, 2000 by an anonymous userCPA Answer:
ER0 is the acronym for Electronic Return Originator. EROs have passed suitability and background checks by the IRS and are accepted into the Electronic Filing Program. This means that they can transmit tax returns via computer.
Who can I contact if I feel I was discriminated against because of my age ?
Asked Thursday, October 12, 2000 by an anonymous userCPA Answer:
When hiring, it is illegal to discriminate based on age, race, color, sex, disability, or national origin. If you feel you have been discriminated against, contact the US Department of Labor Office at 1 866-487-2365.
If I did not file a claim on a casualty loss I incurred, can I still claim a deduction on my tax return?
Asked Thursday, October 12, 2000 by an anonymous userCPA Answer:
If you are insured for the full loss you incurred, but you do not file a claim, you cannot claim a deduction on your tax return.
Is the insurance payments I made for embezzlement deductible?
Asked Thursday, October 12, 2000 by an anonymous userCPA Answer:
Insurance policy premiums paid for the protection of your business covering such situaitons as embezzlement, burglary, accident, fire, storm, theft, workman's compensation, and public liability, are business expenses and are deductible.
Social Security - Phone Number
Asked Tuesday, October 03, 2000 by an anonymous userCPA Answer:
If your name or social security number on your social security card is incorrect, or if you need to speak to the Social Security Administration, the phone number is 1-800-772-1213.
How do I notify the IRS about my address change ?
Asked Tuesday, October 03, 2000 by an anonymous userCPA Answer:
Use IRS Form 8822 to notify the IRS of your change of address.
How do I claim a refund for a deceased taxpayer?
Asked Tuesday, October 03, 2000 by an anonymous userCPA Answer:
If you are filing a joint tax return as a surviving spouse, you only need to file the joint tax return to claim the refund. If you are a court appointed representative, file the return and attach the certificate verifying your appointment. All other filers must file the return with IRS Form 1310. Speak to your local CPA about the filing requirements.
Can I make installment payments on the amount I owe on my Federal Tax return?
Asked Tuesday, October 03, 2000 by an anonymous userCPA Answer:
You may request an installment agreement on IRS Form 9465. Interest and late payment penalties will be assessed for amounts not paid by the original due date, even if the installment agreement is accepted by the IRS.