Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsIf I am remote worker for a California business, when do I need to file a state tax return?
Asked onFriday, November 10, 2023 by DemiI recently became hired as a freelancer (1099) to do copywriting for a company based in California. I live in Louisiana and anticipate making less than $10k per year with this freelance position. Would I still be require to file a state tax return with California?
How long to reside in home to avoid capital gains
Asked onFriday, November 10, 2023 by MaryjaneWe have resided in our home for 18 months do we pay capital gains if we previously used it as a rental home for 17 years prior to that if we sell our home or will it be prorated and only pay ΒΌ capital gains instead of none with the 2 of 5 year residence rule
Early withdrawal penalty question, Roth IRA
Asked onFriday, November 10, 2023 by EvaI had to withdraw funds from my IRA to live on during this year. I am 41, getting divorced and suddenly stopped receiving support from my estranged partner this year. I will earn around 44,000 this year. I withdrew 20,000 early, at which time 10% was taken for taxes. How can I find out my tax burden for the early withdrawal?
Dual state properties Indiana and South Dakota
Asked onThursday, November 09, 2023 by GilbertHave 2 properties up for sale. Would it be more tax friendly for us to postpone selling one til after January 1st?...Or will it matter?
Is a property damage settlement of 10k taxable when I paid 24000 for the damage
Asked onThursday, November 09, 2023 by MelCity sewers backed up and basement flooded with sewage in home just purchased. City refused to help. I Paid 24k for a company to dig up driveway, city street , find the clog fix my lines ect. They offered a settlement 10k. Do I pay tax on this in ohio. My homeowners insurance wouldn't help either.
Income reporting on tax returns
Asked onThursday, November 09, 2023 by SoniaGood afternoon , Can you please advise if a permanent resident must file a tax return if he has about 5,000.00 retirement income from different countries? Also if the answer is yes , what the best way to prove the income
Tax Deduction
Asked onThursday, November 09, 2023 by ClementeI own a two-family home in NJ. My in-laws live in one of the units and do not pay rent (I live in the other unit). Can I add "loss" of property income to my taxes?
Estate sale
Asked onWednesday, November 08, 2023 by StevenWhat estate tax return filing need to be complete as of a house sale, along with estimated timeline for the completion and whether they expect the estate will owe anything
Family Home
Asked onWednesday, November 08, 2023 by GuyMother passed away 10+ years ago and left paid off home to 3 children with will stating youngest could live in the home until death. If she decided to move and sell the home what would tax implications be for her and siblings as all 3 still "own" the home.
Hardship program
Asked onWednesday, November 08, 2023 by WandaI recently owe IRS and received letter from IRS wanting payment in full. I cannot pay this and was wanting to know more on Hardship program