Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
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I am wondering if you're able to help me file a NR7-R for me?
I am wondering if you're able to help me file a NR7-R for me? I am British and live in Thailand BUT invest in Canadian ETF's , mainly covered call products. I have therefore generated income the past tax year that my broker has submitted to CRA. I am taxed 15% at present WHT which is fine but am wondering if I file the NR7-R that this number can be further reduced to zero?I am retired and have no income from my resident country being Thailand. I did write to the CRA who provided me with an ITN number already. Is this a service you could provide for me please AND/OR you already know i cannot claim this withheld tax back so would be pointless doing so? Many thanks in advance for any guidance!
Asked Sunday, April 09, 2023 by Jamie L.Sign in to Answer
Non homestead residential 4bb mortgage
Is my garage condo mortgage tax deductible? It’s a residential property including loft, bathroom with shower
Asked Sunday, April 09, 2023 by Scott F.Sign in to Answer
Amended returns for two years?
My dad is 90. Mom died over two years ago. I’m a son, 51, caring for him and live with him without any pay. I have no income. After mom died, he had to file single, and that caused him to owe thousands of dollars. We did this years taxes already. Can he file amended returns for the last two years and claim me so he could possibly get some of his money back from the IRS?
Asked Saturday, April 08, 2023 by Gregory M.Sign in to Answer
Depreciation
Purchased lawnmower for $5050 for very small business, not sure which depreciation option to choose and how those various options it will effect next year's taxes....
Asked Saturday, April 08, 2023 by LaTisha H.Sign in to Answer
Taxes when wife left
How should I do my back tax from prior year when my ex wife left and said she did them.
Asked Saturday, April 08, 2023 by Scott E.Sign in to Answer
Need to know what Massachusetts tax forms I need to fill out for my aunt who died on 3/12/22
My Aunt passed away on 3/22/22 with less than 1M in assets. I am the court appointed Personal Representative for her Estate (no Trust). She only has a checking/savings/brokerage account which continue to receive Interest/dividends/cap gains. No assets have been distributed to her sole beneficiary (who is not a Massachusetts resident) yet. I want to file based on 2022 calendar year but am confused as to whether I do form 1, form 2 or both and what dates each should cover.
Asked Saturday, April 08, 2023 by Ronald H.Sign in to Answer
Reimbursed
Hello. I am trying to find out how I get reimbursed for taxes taken from my paychecks that weren't supposed to be taken. I live in Georgia and work from home. The company is in North Carolina, but I have never lived there. North Carolina took taxes from my paycheck when they shouldn't have. How do I get reimbursed for that?
Asked Saturday, April 08, 2023 by Charlynn Q.Sign in to Answer
Business made zero revenue. Being asked to pay sales tax
Hi, I filed my LLC but did not make profit this year. I received a letter saying I owe taxes for sales tax but I don’t know if that is correct. I understand I need to send in a quarterly tax return, but I didn’t make any revenue since filing an LLC. So what do I need to do from here?
Asked Saturday, April 08, 2023 by Sofia K.Sign in to Answer
Reporting caregiver compensation payed by parents
I did not have an employer in 2022. My parents payed me monthly compensation as a caregiver, my father was sick/died and mom also needs help. I want to report this as income and pay taxes including SS tax in order to remain "insured" for SS disability etc. How do I report this and does something need to show in my parents' tax filing regarding these payments?
Asked Saturday, April 08, 2023 by Dan E.Sign in to Answer
Arizona Amended Tax
I had to amend my Arizona taxes after my refund was already received. How do I pay what I owe?
Asked Friday, April 07, 2023 by Cathy M.Sign in to Answer