User Submitted Tax Questions

Personal Taxes

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?

Credits

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”.

Personal Taxes

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?

Personal Taxes

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.

Tax Filing Tips

Love and work in different states

Deductions and Write-Offs

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?

Credits

First and second recovery credit

Can I get stimulus money for my deceased husband passed in 2020

Personal Taxes

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?

Retirement

Taxes after divorce

2 pensions, both mine. After divorce, how do the tax burdens split?

Personal Taxes

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