Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
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My 2019 return
I DONT KNOW IF I DID THE RIGHT THING TRYING TO FILE MY 2019 TAX RETURN IN 2023.. I JUST NEED TO ASK A FEW QUESTIKNS BASED OFF THE TRANSCRIPS THAT I CAN SEE ON THE IRS WEBSITE GHAT WEREN'T THERE BEDORE I SENT SONE FORMS INTO THE IRS THAT SAY THEY WERE ACCEPTED IN AUGUST 31,2023
Asked Monday, October 02, 2023 by Andrew L.Sign in to Answer
Vehicle use
I work for a utility company. I used to drive a company provided vehicle, but it is no longer available to me. I am considering buying a vehicle for company use, I’d say it would be 90% used for work. I can claim mileage and be reimbursed thru the company. Are there any other advantages/options to lessen my out of pocket cost?
Asked Monday, October 02, 2023 by Kevin D.Sign in to Answer
Covid unemployment
I was unemployed for most of the pandemic and received unemployment can I get a return for this?
Asked Monday, October 02, 2023 by Thomas C.Sign in to Answer
What state should I file my if I lives in two different states?
My residence is Texas as my driving’s ID says. Because my primary home is in Texas but I have and home and business that I own in Georgia. My spouse has Georgia ID and she don’t work and she don’t live at my primary residence as I do. We always file jointly because I was to busy to goes to the tax Pc office and do the tax my self. But I work in Georgia and I lived there also but my primary residence is Texas. How would I file my taxes? As jointly as single? Where do I file in Texas or Georgia? Do I needs to file jointly if my residence is Texas ? Can I just put my spouse as dependent because she don’t work I taking care of her ? What should i do by file?
Asked Friday, September 29, 2023 by Heriberto C.Sign in to Answer
2nd income taxes
Hello, I started working a second job with Uber Eats and Door Dash in May of this year. I know that I have to pay taxes on my earnings since these companies do not do it for you. I am a little confused as to how to exactly do it. Does my primary job income affect it? Do I get any deductions for mileage or gas? I think I may need some assistance.
Asked Friday, September 29, 2023 by Matthew K.Sign in to Answer
1099-DIV
My husband died 3 1/2 years ago. I got a 1099-DIV for 2022 with my husband name and SSN on it stating he received a distribution of $1,789. I never received any money. We have not had a joint account for a little over 3 years. I never did have a retirement account. Do I need to claim the distribution on my Federal return? If so, what line on the 1040-SR?
Asked Friday, September 29, 2023 by Barbara G.Sign in to Answer
Crypto currency platform went bankrupt and can not provide transaction history
How do I get transaction history if the crypto platform went bankrupt and is not responding to phone calls or emails?
Asked Friday, September 29, 2023 by Martha S.Sign in to Answer
Family Loan & No Gift Tax
I am getting a zero percent loan from my mom for $75000. Paying back $625 month for 10 years. How do we write promissory note so it doesn't trigger gift tax.
Asked Thursday, September 28, 2023 by Danny T.Sign in to Answer
Starting a new business in another State
We own a fence company in Massachusetts its an S-corp. We are residents of Massachusetts but go to Florida for the winters. We want to do subcontracting work for other fence companies when we are in Florida. We will need to buy a truck, trailer and tools down there. Which of the following should we do: 1) Register our existing company as an out of state business in Florida and put our pay as subcontractors through our existing company? If we do this do we just set up an income category as subcontracting income? 2) Just do 1099's in our personal names and just be sole proprietors and file a Schedule C. 3) Register a new S-Corp in Florida? Or do you gave another suggestion? Any tax or other implications we should be aware of for any of the above options? Thanks so much. Mary Hughes
Asked Thursday, September 28, 2023 by Mary H.Sign in to Answer
Inheritance tax
Inheritance is in a savings account earning 4.25% since 1/1/2023. Lawyer said we cannot get our inheritance because the interest needs to be reported to IRS. Please help.
Asked Thursday, September 28, 2023 by Patricia D.Sign in to Answer