Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsAmended returns for two years?
Asked onSaturday, April 08, 2023 by GregoryMy 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?
Depreciation
Asked onSaturday, April 08, 2023 by LaTishaPurchased 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....
Taxes when wife left
Asked onSaturday, April 08, 2023 by ScottHow should I do my back tax from prior year when my ex wife left and said she did them.
Need to know what Massachusetts tax forms I need to fill out for my aunt who died on 3/12/22
Asked onSaturday, April 08, 2023 by RonaldMy 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.
Reimbursed
Asked onSaturday, April 08, 2023 by CharlynnHello. 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?
Business made zero revenue. Being asked to pay sales tax
Asked onSaturday, April 08, 2023 by SofiaHi, 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?
Reporting caregiver compensation payed by parents
Asked onSaturday, April 08, 2023 by DanI 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?
Arizona Amended Tax
Asked onFriday, April 07, 2023 by CathyI had to amend my Arizona taxes after my refund was already received. How do I pay what I owe?
Cap Gains distribution > change in income!?!
Asked onFriday, April 07, 2023 by DonaldIs 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?!?
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?
Asked onFriday, April 07, 2023 by BlakeGreetings, 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-