Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
How does it work?
401k contributions
Amount allowed to put in 401k per year and options if maxed out
Asked Friday, August 18, 2023 by Carl G.Sign in to Answer
How much will I pay in
I am a contract pumper in the oil field and use a 1099. I drive 78,000 miles a year and make 120k a year. If I deduct mileage I would like to know a ballpark number of what I would have to pay in for taxes, thanks
Asked Friday, August 18, 2023 by Caden B.Sign in to Answer
Deductions when rentinng
If you rent a house for below market value can you claim repairs as deductions
Asked Friday, August 18, 2023 by Beverly B.Sign in to Answer
Education expenses
I am currently working for an employee as an accountant. I am wanting to open ac for accounting and go back to school, finish my accounting degree and write it off on my llc return. Is that an option?
Asked Thursday, August 17, 2023 by Jessica P.Sign in to Answer
Submitting fraud
I am trying to determine if a parent can claim a child on income tax if they are not providing any support for that child. If they do claim that child when they are not supposed to, how do I submit that as fraud to the IRS?
Asked Thursday, August 17, 2023 by Anna H.Sign in to Answer
Inherited sticks
I inherited stocks in a brokerage account. I want to cash out some of the stocks but am concerned about adding money to my income on my taxes. Will this count against my earned income?
Asked Thursday, August 17, 2023 by Kevin R.Sign in to Answer
Still time to contribute to 2022 IRA?
I live in California and already filed taxes. With the deadline extension, am i still able to contribute to my 2022 ROTH IRA contributions?
Asked Thursday, August 17, 2023 by Jonathan O.Sign in to Answer
AirBnb and Farm Deductions
Specifically looking for info on tax write offs as they pertain to property you live in and airbnb a portion of. I.e. If I have landscaping done, mowing, house cleaning, etc. Are these deductible expenses? Does it depend on how many days room is rented out? Is only a percentage deductible like when you have a home office? How does it work?
Asked Thursday, August 17, 2023 by Amanda B.Sign in to Answer
Federal taxes
Why are no federal taxes being withheld from my check? I have mentioned for the last 6 months to my employer that it wasn’t correct.
Asked Thursday, August 17, 2023 by Toni M.Sign in to Answer
Adding child to state form
Hi. So for the state form I'm claiming myself so I put 1. If I want to also claim my son do I put down 1 for dependent allowances?
Asked Thursday, August 17, 2023 by Alexander V.Sign in to Answer