Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
How does it work?
Box15 issues for efile
How can I get past box 15 if we are military from a state without state taxes. Trying to efile on turboTax
Asked Saturday, April 15, 2023 by Michele H.Sign in to Answer
Pilots not at their homebase not an airline pilot. Can I write off meals. I was told that you can write off all meals away from home whilst working at the airport.
Pilot pilot away from home at the airport. I was told they could write off all meals while working. Is this true? This is not an airline pilot, but there is a little time in between flights so most pilots, I know in my job right off all their meals. Is this correct whilst working at an airport?
Asked Saturday, April 15, 2023 by Hilda J.Sign in to Answer
How do I find my AGI for 2021.
How do I find the AGI for 2021. Tried to file but it was not enough to claim
Asked Saturday, April 15, 2023 by Rachek C.Sign in to Answer
Federal/state taxation on California-source scholarship income received to support research year abroad
I am a doctoral student at a University of California school, and have been accustomed in the past, while residing in California, to paying both federal and state taxes on that portion of my fellowship income (1098-T income) that is not excludable for qualified tuition and related expenses. From autumn 2022, I left California/the U.S. and went abroad for a period of research that will last at least a year. Shortly before departing, I received a chunk of fellowship income from the University of California that was intended as a stipend to support my upcoming year abroad. My question is mainly as to whether this income is excludable federally. (I understand from the Schedule CA 540NR instructions that it is not excludable in California if the source is a California source, even if the income is supporting activities undertaken in another country. If I am wrong here, I would love to be corrected.) Federally, I think this income may be excludable. I am not certain because the 2555 instructions do not directly address scholarship income; but, if I follow the general principle of treating 1098-T income similarly to wage/salary income, it seems that it should be. However, I hope the fact that I received the income into my bank account before departing the U.S. does not make me unable to exclude it after all? The stated purpose of this income was definitely to support my year abroad. Thank you so much for taking my question!
Asked Saturday, April 15, 2023 by Bonnie M.Sign in to Answer
Simple IRA credit
I did a withdrawal from Simple IRA. $1500 was used to pay insurance premiums while my husband was on short term disability. Can I deduct this from taxable amount?
Asked Saturday, April 15, 2023 by Elizabeth C.Sign in to Answer
Charity donations
Can donations made in 2022 be claimed on 2023 taxes instead of 2022?
Asked Friday, April 14, 2023 by Christie J.Sign in to Answer
Paying yourself as a newly formed S Corp
Hello, I started a new business 2 months ago, as the only employee filing as an S Corp. As it is a new business, it is not yet generating enough revenue to pay myself a "reasonable salary" comparable to the market. How do I start compensating myself?
Asked Friday, April 14, 2023 by Sonakshi N.Sign in to Answer
W-2
Where is Box D on W-2. Has numbers and letters per form 1040
Asked Friday, April 14, 2023 by Linda R.Sign in to Answer
1041 filing
Do I have to fill out a 1041 on a trust acct that made less than $600?
Asked Friday, April 14, 2023 by Nova W.Sign in to Answer
Surplus Scholarship Aid from 1098-T Used For Healthcare Subsidy
I'm a graduate student including a 1098-T with my tax return. The amount in Box 1 (payments received for tuition etc.) is about $2,000 LESS than the amount in Box 5 (scholarships or grants). This surplus money goes directly to a healthcare plan through the school (I do not receive any of this directly). Is there any way to claim this such that it's not taxable?
Asked Friday, April 14, 2023 by Erik S.Sign in to Answer