Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
How does it work?
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
1099-nec only income
My only income last year was $1400 on a 1099-NEC. I am single with no dependents. How do I file?
Asked Wednesday, March 01, 2023 by Tiffany M.Sign in to Answer
Tax form
I have already filed my taxes and a tax form came late and I didn’t know it was coming in and have already filed. What do I do in this situation
Asked Wednesday, March 01, 2023 by James S.Sign in to Answer
Inherited Home
I inherited my aunts home when she passed away back in November 2021. Before she passed there was a transfer death deed signed and filed with the county. I sold the property in June of 2022. What do I need in order to file my taxes this year. I was told that a comparison market analysis would work, but just wanted to make sure I have everything before I go in.
Asked Tuesday, February 28, 2023 by Janet M.Sign in to Answer
Ev tax credit
I bought a 2022 tesla model y on 2/19/2022 do I qualify for the ev tax credit?
Asked Tuesday, February 28, 2023 by Alycia B.Sign in to Answer
Capital Gains Tax
I owned my home for less than two years. I know I’ll have to pay capital gains tax on that profit, but can I still deduct things like home improvements and real estate agent commissions from that profit even though I didn’t own it for two years?
Asked Tuesday, February 28, 2023 by Nicole A.Sign in to Answer
Contest winning: question
I won a $10,000 contest in 2022, but only received a portion of it, $3,250 of it (prizes only, not cash) while still in the year 2022. My question: do I pay taxes on the full $10,000, or only the $3,250, since I didn't receive the full prize value yet? Thank you
Asked Tuesday, February 28, 2023 by Jeff K.Sign in to Answer
LLC formation
I am w-2 employee. My wife is a stay at home mom. We want to form an LLC for an Amazon FBA business. Should we file this under just my wife's name or both of our names. What are the benefits and drawbacks of either having a single member LLC or multi member LLC if we do it together?
Asked Monday, February 27, 2023 by Tim V.Sign in to Answer