Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsTax on joint CD
Asked onFriday, March 03, 2023 by LeslieI have durable POA. My father wants to change a matured CD to a new bank. He is not capable of managing his finances. Should I open it in both our names? What are the tax implications for me on interest earned if we do this?
Long-term capital gains taxes on investment property
Asked onFriday, March 03, 2023 by AdrianWhat are the long term capital gains taxes when selling an investment property? Property owned more than a year. Property still has a mortgage. Property is in Texas. Example: Home currently worth: $200k Home initial cost: $100k Owed on home: $50k No depreciation ever taken on taxes.
Sales Tax filing and payment
Asked onFriday, March 03, 2023 by JASONI own a small business and currently use an app on my pos system that files and pays my sales and use tax every month. I have recently started an online store for my business but the app that I use in my physical location that pays and files will not attach to my app. I was wondering if I could continue using the app for my physical location and file a second filing for my online business each month or am I going to have to do everything by hand and only file once per month.
Member selling vehicle to multi-member LLC tax implications
Asked onFriday, March 03, 2023 by JenniferIf one of the members of my multi-member LLC sells their personal vehicle to the LLC to be used as a business vehicle what tax implications are there? Does the LLC now have to pay back the member for the vehicle? Is this set up as a loan back pay? How does this affect other members?
Withholdings
Asked onFriday, March 03, 2023 by DonaldHow much should my employer have deducted from my paycheck, if my taxable income was, $48,000? Married, filing jointly, claiming 0.
Inheritance from out of the country
Asked onFriday, March 03, 2023 by ToniI received an inheritance from cousin in Canada. I am 67 y/o. Do I have to pay tax ?
Inheritance from out of the country
Asked onFriday, March 03, 2023 by ToniI received an inheritance from cousin in Canada. I am 67 y/o. Do I have to pay tax ?
Inheritance from out of the country
Asked onFriday, March 03, 2023 by ToniI received an inheritance from cousin in Canada. I am 67 y/o. Do I have to pay tax ?
Can your girlfriend's child be claimed for earned income credit
Asked onThursday, March 02, 2023 by SheilaMy 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?
Do I need to file? On SSD and got 2 small annuities made under $25,000 total.
Asked onThursday, March 02, 2023 by DeborahI'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?