Unanswered Tax Questions
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repayment of sick days paid by payroll error
my employer paid me 5 days of sick leave by mistake, I wasn't sick. I want my sick day accrual bank rebalanced, my employer offered me a solution that requires a total repayment to get my 5 sick days back. However, they paid me $1833.8 in total, $1188.37 of which went to pretax deduction, union due, pension, 457b plan, etc. $187.21 went to taxes, net pay was $458.22, what's the tax impact if I pay them back the whole amount? if I use my sick days in the future, I would be taxed again right? thanks!!!
Asked Saturday, March 25, 2023 by rui min l.Sign in to Answer
Resident in 1 state, received unemployment and retirement cash out from another, do I file in both states?
Lived in WI all of 2022. Received unemployment from CA. The claim carried over from when I lived there in 2021. Claim ended mid 2022 when I only lived in WI. Cashed out retirement in 2021 from CALSTRS but received an additional check in January of 2022. Do I need to file income taxes in just WI where I was a resident or do I need to file in both states due to the income I received from unemployment and retirement from CA?
Asked Saturday, March 25, 2023 by Nicole M.Sign in to Answer
401k inheritance
my father passed away unexpectedly and his ex-wife (my mom) was the listed beneficiary on his traditional 401k account. she will be receiving the funds to be placed into an inheritance account under her name. she then will be disbursing all of these funds equally to his 5 children. Do taxes need to be paid on these funds and who is required to claim these on their taxes?
Asked Friday, March 24, 2023 by Kevin W.Sign in to Answer
do I need to file?
our income from retirement is below the IRS max, and our combined SS is less than IRS for taxing do we need to file?
Asked Friday, March 24, 2023 by David D.Sign in to Answer
Joint Annuity with one Owner under 59 1/2
My wife and I have a joint non-qualified annuity. I am over 59 1/2 years of age but she is not. We want to cash out our annuity (full surrender). Since she is under 59 1/2, will we incur a 10% IRS penalty on the taxable proceeds? Thank you. Peter
Asked Friday, March 24, 2023 by Peter M.Sign in to Answer
Corrected 1099G
After I e-filed my taxes and received my refund I was sent a corrected 1099G from a medical leave I had in 2022 my question is do I need to do anything further
Asked Friday, March 24, 2023 by Gerald S.Sign in to Answer
Wrong 1099G
After I e-filed my taxes and received my refund I was sent a corrected 1099G from a medical leave I had in 2022 my question is do I need to do anything further
Asked Friday, March 24, 2023 by Gerald S.Sign in to Answer
Health insurance Reimbursement
I worked at a company that did not provide health insurance, and had to sign up for Marketplace Insurance. During the 2022 tax year I worked for that company from January thru May of 2022 and paid the Marketplace Insurance based on the small salary that I received from them. Then in mid April of 2022 I was employed by a new company that provided insurance and an increase in salary. At the start of May I informed Marketplace that I was discontinuing my insurance since I received a new position. My question is when I do my taxes online it asks for the information from the 1095-A form that I received from Marketplace. My taxes before entering the 1095-A show a small return. After I enter the 1095-A form it show me owing over $700.00. Is that correct? On Turbo Tax it says I owe money because my salary increased from what they gave me the original discount on. I am confused because I cancelled the Marketplace Insurance when I moved to a new job and its making me pay a penalty for my increase in salary. But, that increase was after I dropped Marketplace Insurance. Any advice is appreciated. Thank you.
Asked Friday, March 24, 2023 by Tyler G.Sign in to Answer
Gift Tax
If my wife and I gift our daughter $50,000 for her to buy a house this year, how much tax do we need to pay?
Asked Friday, March 24, 2023 by Sukumar P.Sign in to Answer
Stepson
So my stepson went to live with his dad in September of 2022, I was going to claim him on my tax return, but his dad claimed him without telling me an his mom. So my question is can i still claim him for the 8 month's he lived with us.
Asked Friday, March 24, 2023 by Fidel A.Sign in to Answer