Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
How does it work?
will the IRS update the record of account once they receive the return or do we have to wait 4 months for the amendment to be processed?
will the IRS update the record of account once they receive the return or do we have to wait 4 months for the amendment to be processed?
Asked Monday, November 06, 2023 by Misty L.Sign in to Answer
EV tax credit and child tax credit
We are going to be claiming the EV tax credit for purchasing an electric vehicle (yes it qualifies). Does that credit come off before or after the child tax credit or additional child tax credit? I am trying to figure out if we will be able to receive any part of the actc since the EV credit should cover any of our “owed taxes”.
Asked Monday, November 06, 2023 by Danielle S.Sign in to Answer
Claiming dependent
I gave birth to my son on March 21st and he lived for two hours and passed but since he was born alive he has a ss card and a birth certificate. Do I claim him?
Asked Monday, November 06, 2023 by Candie E.Sign in to Answer
I owe taxes 2016 2017 and haven't filed 2018 to present how to proceed?
I work full time and would like to file the above tax years and clear things up. I need help, What is the best route to take. CPA? Tax Pro? Unsure where to start. Thank You.
Asked Sunday, November 05, 2023 by Dan W.Sign in to Answer
Llc real estate
A realestate builder want to sell one of the homes to their adult child at a loss but a loss cannot be taken because it’s a relative transaction. What happens to the costs not covered by what the adult child is paying. Let’s say cost to construct the home was $200k and the daughter will pay $150k to the LLC. Is the extra $50k a gift from the parents? Recorded as a distribution from the LLC to the owner?
Asked Sunday, November 05, 2023 by Danny T.Sign in to Answer
First and second recovery credit
Can I get stimulus money for my deceased husband passed in 2020
Asked Sunday, November 05, 2023 by April H.Sign in to Answer
IHSS Career Pathways Income
I'm an IHSS caregiver for a family member and am tax exempt in California. The state is providing paid health care training for caregivers. Is the money I receive for thr training also tax exempt?
Asked Saturday, November 04, 2023 by Tamara L T.Sign in to Answer
Taxes after divorce
2 pensions, both mine. After divorce, how do the tax burdens split?
Asked Saturday, November 04, 2023 by Mike M.Sign in to Answer
My social security taxes taken out are more than my federal taxes
Company took out more on my social security taxes and not enough on my federal
Asked Saturday, November 04, 2023 by Betty C.Sign in to Answer