Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
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Inheritance from out of the country
I received an inheritance from cousin in Canada. I am 67 y/o. Do I have to pay tax ?
Asked Friday, March 03, 2023 by Toni K.Sign in to Answer
Can your girlfriend's child be claimed for earned income credit
My boyfriend has claimed my daughter for the last four years but this year he received a notice that he is being audited. He don't have the proof that he is related to my daughter. Can I file and claim her instead and how does he go about dropping her as a dependent?
Asked Thursday, March 02, 2023 by Sheila O.Sign in to Answer
Do I need to file? On SSD and got 2 small annuities made under $25,000 total.
I'm on Social security disability. I got $17,376 last year. My mom also passed last year and left me 2 small annuities which combined with the $17,376 x 50% is less than $25,000 but one of the annuities is in MN. What do I do?
Asked Thursday, March 02, 2023 by Deborah F.Sign in to Answer
Do I need to file
I receive social security and a small pension Do I need to file
Asked Thursday, March 02, 2023 by Mary Ann M.Sign in to Answer
Disability check exp & re isssued in Jan of following year
2021 I received disability checks and some expired and were re-issued in Jan 2022. I have 2 questions. What W-2 Tax year should those re-issued checks be applied? My 2nd Question it appears they tied them to both tax years what do i do then?
Asked Thursday, March 02, 2023 by KEV V.Sign in to Answer
Per diem allowance
My girlfriend delivers phonebooks. She is an independent contractor who pays all costs for deliveries including car, food & motel for out of town deliveries. Can she use a per diem for M&IE on her tax return?
Asked Wednesday, March 01, 2023 by Kevin M.Sign in to Answer
Can i sell LLC percentage without losing control?
I'm the managing member of an LLC with 50.5% ownership. If I sell a portion of my percentage, can I still maintain controlling interest? I may understand terminology incorrectly, but I read that I can do that by selling to a passive member with no voting rights - they only benefit from the profit percentage. Is that correct, or can you enlighten me, please?
Asked Wednesday, March 01, 2023 by Tony M.Sign in to Answer
I received a ppp loan and an employee payroll credit. 2021 was the time frame I qualified for PPP
Do I have to amend my 2021 taxs to show the PPP loan and employee tax credit? I am a S corp
Asked Wednesday, March 01, 2023 by GERALD N.Sign in to Answer
Dependent
Can I claim my boyfriend as a dependent if he is taking care our disabled child
Asked Wednesday, March 01, 2023 by Marie C.Sign in to Answer
Rental assistance
If I live in income based rental do I claim what HUD assists me with
Asked Wednesday, March 01, 2023 by Deborah B.Sign in to Answer