Unanswered Tax Questions
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2023 Tax Question
I retired as of June 1, 2022 at the age of 70. Per advice from family members, I foolishly did not have federal taxes withheld from my SSA benefits. I did a quick review for my 2022 tax return, and it looks like I may owe $2,600 in taxes. I have both a traditional and roth ira. If I make a deposit into an IRA now, can I list that on the 2022 tax return?
Asked Monday, February 20, 2023 by Doris M.Sign in to Answer
Question(s) about CTC
This is actually for my daughter. Does she need to file taxes even though she didn't work for a w2 during 2022 and has a child? She attempted to do her taxes since she has a kid & it said she doesn't qualify for the child tax credit. I thought everyone who has kids qualify. I did see an article online that says a single parent can still get the CTC even they didn't work for a w2. Is that true? I'm confused on this. She did private house cleaning work for an individual earning about $1,500. The lady didn't do a 1099 for my daughter, does she need to do one for herself? I hope these questions make sense & you can help me to understand this.
Asked Monday, February 20, 2023 by Vanessa B.Sign in to Answer
Mortgage from a start-up business
Hi, We would like to know if there is a way we can qualify for a mortgage if say I start up a business in my wife's name (make it her business) and then she "hires" me as an employee in the business and pays me a salary. Would we be able to qualify for a mortgage?
Asked Monday, February 20, 2023 by Brandon G.Sign in to Answer
Form 1040X - Amended Tax Return
Filed taxes and already paid in but, additional paperwork came in. Does form have block where one states they already paid and how much?
Asked Monday, February 20, 2023 by Michael F.Sign in to Answer
Income requirements for claiming child tax credit
Is there an income requirement to claim the child tax credit.
Asked Monday, February 20, 2023 by Patrick S.Sign in to Answer
Do I have to file
Retired, on Social security. Parent died this year. Edward Jones sent papers showing a negative Ballance. Do I have to fie.
Asked Monday, February 20, 2023 by Gary F.Sign in to Answer
Reporting p2p income from hobby
I run a facebook page where i resell soccer jerseys i buy on ebay as a hobby and receive payments through paypal and venmo. How would this be reported on my taxes?
Asked Monday, February 20, 2023 by Christian S.Sign in to Answer
Filing status
My daughter and soon to be ex son in law are trying to figure out if they can both claim married filling separately or do they have to do married filing jointly?
Asked Sunday, February 19, 2023 by Jenn B.Sign in to Answer
Senior tax filing for 2022
Am 70 years old single getting $1350.00 social security and $600.00 retirement. Do I need to file taxes?
Asked Sunday, February 19, 2023 by Behnoosh V.Sign in to Answer
Are you including mimmesota frontline worker bonus as income on form 1040
Are you including mimmesota frontline worker bonus as income on form 1040.
Asked Sunday, February 19, 2023 by ScotT H.Sign in to Answer