User Submitted Tax Questions
Read Questions Asked by Users and the Answers Provided by CPAs.
View All Tax QuestionsDo you have to file taxes for rental income from a Time Share
I have a timeshare and was asked by the company if I'm interested in renting my vacation weeks. I would make $6000 or $9000 depending upon how many weeks I rent out. At present, I don't file taxes because I have supplemental income. My question is: Do I have to file taxes because I have to claim this money as income?
Asked onFriday, May 26, 2023 by MaudeCPAs - Sign in to Answer
Filling out w-4p
Widow since 9-2020, annuity income from father, pension income from late spouse, work full time. How to fill out form to get most taxes taken out so I don’t have to pay during tax time.
Asked onFriday, May 26, 2023 by ReginaCPAs - Sign in to Answer
Hi. We are a very small 501c3 in NY. We conduct music events. I have an international artist visiting and performing and need to remunerate her for music services for $1200. What tax paper work is required and how to transfer the payment to artist?
Hi. We are a very small 501c3 in NY. We conduct music events. I have an international artist visiting and performing and need to remunerate her for music services for $1200. What tax paper work is required and how to transfer the payment to artist?
Asked onFriday, May 26, 2023 by SundarCPAs - Sign in to Answer
Will she pay a gift tax?
My wife’s grandmother is buying a house with us and will be providing the $100,000 down payment but will not be on the loan - just the title. Will she be required to pay a gift tax on this even though she is moving in with us?
Asked onThursday, May 25, 2023 by KalebCPAs - Sign in to Answer
Never filed before
Son worked in 2021 and 2022 and father never had him file taxes what does he need to do?
Asked onWednesday, May 24, 2023 by AshleyCPAs - Sign in to Answer
Do I Charge G.E.T on my invoices
In the Long Beach area GET is 10.25%. I am self employed and charge for inspection services to businesses throughout the Southern California region. When I charge for my services do I include the GET from where I am based on my invoice?
Asked onWednesday, May 24, 2023 by KanoaCPAs - Sign in to Answer
Tax deduction for foreign University with no EIN number
My daughter is attending a University in the United Kingdom at a school that does participate in the U.S. FAFSA program. The school does not have a U.S. EIN number and for the 2022 tax year the IRS is saying they will not allow any tax deductions for education expenses because there is no EIN number. Is this correct? For tax years 2020 and 2021 she attended the same school and the IRS allowed the deduction without an EIN number. Did something change for 2022?
Asked onWednesday, May 24, 2023 by TanyaCPAs - Sign in to Answer
Can your employer tax you same amount of your earnings
Can my employer tax me the exact amount of my earnings. I’m a waitress in Michigan
Asked onWednesday, May 24, 2023 by DawnCPAs - Sign in to Answer
Section 179
I just started a business. The truck I use for deliveries is breaking down. How do I purchase another vehicle for the business?
Asked onWednesday, May 24, 2023 by LeighCPAs - Sign in to Answer
Capital gains tax
In my divorce we agreed to sell home. We will clear 165000 after we pay off mortgage and HELOC loan. Do we have to pay capital gains tax on this?
Asked onTuesday, May 23, 2023 by JustinCPAs - Sign in to Answer