User Submitted Tax Questions
Read Questions Asked by Users and the Answers Provided by CPAs.
View All Tax QuestionsI’ve been double taxed
Hello, I’m a healthcare worker in NYS. I got an extra payment for working during the pandemic but it was already taxed on my paystub. When I filed my taxes I was told I have to pay $500 back because of this. Can you help me understand why this is? If it was already taxed it shouldn’t be taxed again right?
Asked onTuesday, May 09, 2023 by AlexisCPAs - Sign in to Answer
deduction for piano as a gift to charity or educational institution
Tax question. We have a Steinway grand piano appraised for $25,000 that we are interested in gifting to a charity, church or educational institution. We file taxes as married filing jointly. Our annual income is $121K and we typically just use the standard deduction. How much of the $25,000 can we deduct from our tax return for this year, and will this large deduction trigger an IRS audit? Is there a way of forstalling this? Thanks.
Asked onMonday, May 08, 2023 by PhillipCPAs - Sign in to Answer
Social Security
Am I suppose to have Federal income taxes taken out of my social security check? I will start collecting in July. I will be still working till June 5th, 2023.
Asked onMonday, May 08, 2023 by PaulCPAs - Sign in to Answer
how to offset gambling loss and fill out form
how fill out form to offset gambling losses
Asked onSunday, May 07, 2023 by MichaelCPAs - Sign in to Answer
Mortgage forgiveness and related taxes
If I am a mortgagor that forgave the mortgagee what is owed to me. Do I have to pay the IRS any taxes on the remaining principle which I forgave?
Asked onSunday, May 07, 2023 by STEPHENCPAs - Sign in to Answer
Credit for PA Municipal Withholding on NJ Return
I am a New Jersey resident who works in Pennsylvania. Can I claim a credit on my New Jersey return for Pennsylvania local municipal withholding income tax?
Asked onSunday, May 07, 2023 by GCPAs - Sign in to Answer
change province
Hello. My family arrived in Canada from Ukraine on May 9, 2022. I work and pay taxes on my salary in Ontario. If I move to Quebec and continue to work in Ontario, will I have to pay additional taxes on my Quebec salary?
Asked onSunday, May 07, 2023 by OleksandrCPAs - Sign in to Answer
Capital gains
When you build on land you bought, does 2 yrs begin from that date, before you can sell it without owing capital gains?
Asked onSunday, May 07, 2023 by SandyCPAs - Sign in to Answer
Reimbursed Equipment
Hello- I have office equipment that I am currently using for business purposes that was reimbursed by my former employer. When I separated from the employer, they had never asked for it back. Would I have basis in this equipment even though I was reimbursed and could I deduct for tax purposes from the date I converted to business use?
Asked onSunday, May 07, 2023 by DouglasCPAs - Sign in to Answer
Estimated Quarterly Tax Payments
We mistakenly paid our personal estimated quarterly tax payment from our business checking account. Realizing our mistake we went ahead and paid the same amount from our personal checking amount. How do we reverse the payment from our business checking account since we do not want to co mingle funds.
Asked onFriday, May 05, 2023 by joniCPAs - Sign in to Answer