Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
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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
Cap Gains distribution > change in income!?!
Is this right??? Say I get $100 capital gains distribution; then my taxable income increases more than $100... it increases by $185?! 1. First impact is $100 taxed as ordinary dividends. 2. Second impact is $85 increase in Social Security Benefits being taxable. So $100 in capital gains distribution creates $185 increase in taxable income? I've gotta be missing something here?!?
Asked Friday, April 07, 2023 by Donald B.Sign in to Answer
Can I take the home office deduction if my LLC is registered to a "Digital Mailbox" service with a "Real Physical Street Address" for privacy?
Greetings, I have registered my LLC using my home address as principal office and understand that many choose instead to register their businesses using an address provided by a physical address mailbox service (like iPostal1 or a UPS Business Mailbox) in those situations where they wish for better privacy but renting a full-sized commercial office might not yet be economically viable. I wish to switch from having my home address publicly associated with my business in this exact same manner, but want to know: Is there still a way by which I can continue to take a home-office deduction if I still continue to do the bulk of all of my business operations from my home office while using the mailbox physical address as my new "Principal Address" of the LLC? Or is this going to have to be a decision of choosing privacy and professionalism over the ability to take a significant small business deduction on offer? Thanks kindly for any knowledge you can share on this issue-
Asked Friday, April 07, 2023 by Blake B.Sign in to Answer
Logging COG's & Sales
Do I have to itemize every specific item for COGS and Sales with my small business Sole Proprietorship? I've been grouping in lots (By day or transaction) and logging them into my google sheets. They are low cost items that all are unique. Is this an acceptable way to document for taxes? Thank you!
Asked Friday, April 07, 2023 by Tony Y.Sign in to Answer
Refund
My refund has taken longer then 21 days and no refund what do I do?
Asked Friday, April 07, 2023 by Sherron F.Sign in to Answer
Can I still file for current tax year?
I'm currently trying to verify my identity for my 2021 tax return. I'm also trying to do my current year's tax return to receive my refund. So my question is am I able to still file for 2022 and able to receive the refund while still awaiting to to verify my identity or will it freeze the money until I clear up the issue?
Asked Friday, April 07, 2023 by Armoni B.Sign in to Answer
Need to rent out of state apartment for business
I currently have a digital media company based out of my home in NY. Two of clients are located in NY and the other is in Washington DC. I recently have been hired to work on a special project in Washington DC for one year. I found an apartment in Delaware which is the middle ground for both my clients. The rent for the apartment is $3,300 per month. Would I be able to write any of that rent and utilities off as a tax deduction?
Asked Friday, April 07, 2023 by Tammy P.Sign in to Answer