Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsDraft Kings
Asked onFriday, September 22, 2023 by NicoleI’m a college student who has no income. However, I recently won a Draft King’s bet of $750.00. Do I need to report that on my taxes along with my student loan refunds?
Circuit breaker
Asked onFriday, September 22, 2023 by RayleciaIs Stonebridge townhomes eligible to rent pay reimbursement
Dont want to get into trouble
Asked onFriday, September 22, 2023 by TeresaJust want to know if I can pay all my taxes do at the end of the year
Lost access to bank account used for tax refund
Asked onFriday, September 22, 2023 by SierraI can't access the bank account that my refund was deposited in how can I get my money
Hobby Dog Breeding?
Asked onThursday, September 21, 2023 by TiffanyI've been told that the 2 litters my two dogs have had this year are considered taxable income. I don't have a business and don't plan on getting multiple sets of dogs to breed. Would I still need to claim the money earned from selling the puppies on my taxes?
Capital gain on land
Asked onWednesday, September 20, 2023 by RandallSold vacant land in 2022. 2 acres. bought in 2019. What IRS form?
QSUB W9
Asked onWednesday, September 20, 2023 by LindsayWe are a QSub with our own name and FEIN however our income taxes will be filed under the parent company's name and FEIN. How should we fill out the following fields on a W9 when providing our information to customers? Line 1: Parent Company's Name or QSub's Name? Line 2: ? Employer Identification Number: Parent Company's ID or QSub's
Adult Dependent Relatives
Asked onWednesday, September 20, 2023 by JaredThis is a weird one but - one of the stipulations of covering any dependent is that they cannot be married filing jointly, with one exception: if they are filing for the sole purpose of receiving a refund of payment of estimated taxes or withheld income taxes, but neither one would be required to file or have any income tax liability. I had realized a few weeks ago that I could cover my mother as an adult dependent, as I live with her and I am responsible for over 50% of her expenses. I went to file an amended return, however, I found out she filed a return with my father last year, jointly. Neither of them were required to file their taxes - their joint income was $155 (lol). They did it trying to get a refund, but they got no refund. However, they also didn't owe any taxes. they didn't receive any credits either. Does this disqualify me from covering my mother as a dependent? the examples the IRS give do not address this - they go over a similar scenario, where a dependent married and filing jointly files their taxes to claim a tax credit, which does disqualify those dependents, but that is because the purpose was to get an alternative credit, not a refund. My folks filed taxes because they hoped they would get a refund and when they saw they had $0 refund, thought they still had to file anyway and submitted it. it seems weird to disqualify them as dependents in that regard when neither were required to file a return and they owed and received nothing.
Opening LLC from TÜRKİYE
Asked onTuesday, September 19, 2023 by HAKANHello, i want to open a limited company at DE but i have a concern about the state taxes etc. I need an accountant for reminding me what must i do. I definetly don't want to miss any payment or issue. I appreciate it if you can help me :) Have a nice work HAKAN CITAKOGLU
Deceased Father Back Taxes
Asked onTuesday, September 19, 2023 by ElizabethI am looking for a CPA in Utah to do my deceased father-in-law taxes. He passed in January 2023. He did not keep very good records. My FIL received a K-1 (Form 1041) from his sister's estate in 2019 and from what I can tell NEVER filed taxes. Being that my husband and others in the family also received the K-1 form and had to file and pay taxes, I are assuming he should have too. Any help or advice would be greatly appreciated.