Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsChurch income question
Asked onTuesday, November 28, 2023 by ElizabethHow much can a church make before paying taxes? We are not a 501c3. Does missions/charitable deductions get taken off the total income that comes into the church?
Refund settlement
Asked onTuesday, November 28, 2023 by SueI received money from the double down casino lawsuit. My lifetime spending was over 59,000 and I received $28,000 do I have to pay taxes on that seeing as how it was money that I had already spent. And already paid taxes on once.
Form 1120s for 2021
Asked onMonday, November 27, 2023 by MelindaTrying to find this form to print and file and can not find it anywhere online for 2021
Series E $25 65 year old bond
Asked onMonday, November 27, 2023 by StephenI have a $25 series E savings bond from 1957 that has just been located. What are the tax implications if I try to cash the bond. I know you are supposed to pay intrest when it matures at the 30 year mark, but I did not even know it existed till now.
Irs criminal investigation letter
Asked onMonday, November 27, 2023 by JonI received irs criminal investigation letter, calling me as a witness, and to bring 5 years of taxes. What do I do and what is this?
Analyze Choices
Asked onMonday, November 27, 2023 by CAROLI a Director of a daycare that receives funding to feed children. The owner would like to see a breakdown showing the most profitable way to use these funds. What program will best capture data and show him clearly how to apply our funding.,
Relocation
Asked onSunday, November 26, 2023 by ShannonMy husband’s job is moving is relocating in March 2024 60 miles further away from our residence. I understand that the moving expense deduction has been suspended until 2025. If we move, can we deduct the expenses for the 2025 filing?
Section 179 deduction
Asked onSunday, November 26, 2023 by DonavonIf I buy a car for my wife to solely DoorDash with, can I claim the section 179 deduction
Submit taxes
Asked onSunday, November 26, 2023 by EmiliaMy health insurance is trough my husband job, can I submit my taxes separate
Construction labor costs for a rental unit
Asked onSaturday, November 25, 2023 by JerryI built out an AirBnb rental unit in part of my wall out basement and did much of the labor myself. Can I include my labor costs when calculating the overall cost of the unit for tax depreciation purposes? If so, what labor rate do I use?