Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
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Out of state 529
I am a Georgia resident. If I contribute to an out of state 529 fund for my new baby, will it still be tax deductible federal and state? I know if I do the Georgia 529 path2college plan I can claim as a deduction. But curious if say I do utahs plan do I still ge the deduction on state taxes?
Asked Thursday, April 13, 2023 by Kyle C.Sign in to Answer
Liability for 2014
My employer apparently did not pay enough taxes for 2014 Healthcare obligation...I owe 11, 000 for that year what should I do.
Asked Wednesday, April 12, 2023 by Ic P.Sign in to Answer
Income tax return held by the IRS without an understanding of why it is being held.
I filed my tax return on January 28th or 29th of 2023. On February 8th I received a letter from the IRS stating that they were holding my return for 60 to review it for errors. At the end of 60 days I received another letter stating that they need an additional 60 days to review it. Then I called the number given for the Tax Advocate Service (which the number given was a screening number). After being put on hold 5 separate times, I asked about the progress. They said they have to complete the research in order to tell me anything. I then read on their "bill of rights"on their site that says I have a right to the knowledge I was asking for. How do I find out the actual status of my return without it taking forever. (Who knows if they will keep asking for 60 days like they kept putting me on hold?) I understand if I made an error on my taxes, but I have been filing for 24 years without any major issues or delays. I am certain that if my error was shown to me, I would understand how to fix it. I would appreciate that opportunity.
Asked Wednesday, April 12, 2023 by David V.Sign in to Answer
How to file 2021 taxes wth a dependant
Asked Wednesday, April 12, 2023 by Wanda W.Sign in to Answer
Personal Taxes
Hello. I want to open an LLC in the US. We would be two partners: my daughter and I (she lives in the US and has a SSN, I live in Venezuela). I want her to be the Responsible Party so she can open the bank account. The LLC will not have activity in the US. QUESTION: Would this affect my daughter's tax information? Thanks for the help
Asked Wednesday, April 12, 2023 by Robert M.Sign in to Answer
filing for an estate
Ohio resident executor to my mothers estate who passed in 2021 filed 21 returns we sold the house only asset in 2022 does the estate need to file taxes on the sale of the home
Asked Wednesday, April 12, 2023 by CHRISTOPHER R.Sign in to Answer
Senior couple standard deductio
How much is standard deduction for me and my wife on social security. Wer in our 70s
Asked Wednesday, April 12, 2023 by Juan L.Sign in to Answer
Help correcting 1040 form filed
Filed 1040 form with its through HRBlock website and forgot 1099r amount of approximately $5,000 and 1099 divd of $15 and need to correct 1040 on HRBlock website
Asked Wednesday, April 12, 2023 by Kerstin B.Sign in to Answer
standard mileage deduction
I am in 1099 NEC contractor for delivery service what form do I need to file for standard mileage deduction
Asked Wednesday, April 12, 2023 by Charles J.Sign in to Answer
W4
How do I change my withholdings from 0 to 2 on the w4
Asked Wednesday, April 12, 2023 by Angela B.Sign in to Answer