Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
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Invoice
HOA lawn vendor has not billed the entire year through 06/30/23 property manager says they have computer problems. What do you think the real problem could be
Asked Monday, July 24, 2023 by Bill H.Sign in to Answer
How much Tax exemptions
Hi I just received my first pay check and ended paying over 700 in Federal taxes. Every coworker is saying i need to adjust my tax exemptions. I put 0, I believe, since that is what I always did. I did have a baby since and parents moved in with me.
Asked Monday, July 24, 2023 by Rebekah C.Sign in to Answer
Filing late tax return - tax years 2021-2022
My 35 year old divorced son has been unemployed for probably the past 30-36 months. He has had personal issues due to the divorce and loss of contact with his children. He has not filed return for the past 2 years at least and has been incarcerated for the past 90 days but is currently released to us on a ancle bracelet. I was wondering if there was any way to file for tax years 2021 and 2022 and get some of the covid related rebates or would his filing those returns get him in more trouble? We live in New Mexico.
Asked Saturday, July 22, 2023 by VINCENT O.Sign in to Answer
Do I need to fill out a 5000a in Arizona to buy inventory and sell on Amazon
I’m confused on how selling on Amazon works and I just want to make sure I follow the proper procedures, I already have an LLC but I want to use it in order to sell on Amazon
Asked Saturday, July 22, 2023 by Erick M.Sign in to Answer
Can the IRS go after an account with a POD beneficiary
I have Bank accounts that I want to add my brother to as a Payable on Death (POD) beneficiary. I understand that POD beneficiaries do not have access to the account until the account owner dies, however, while the account holder is alive, if the POD beneficiary owes back taxes, can the IRS come after the assets of the LIVING account owner?
Asked Friday, July 21, 2023 by Korey S.Sign in to Answer
does the michigan home heating credit count as money(credit) i claim
same as above
Asked Friday, July 21, 2023 by stephanie p.Sign in to Answer
Capital Gain
What % of capital gain can be deducted from the selling of a commercial property but person lives in 3000 square ft of a 12000 sq ft building
Asked Friday, July 21, 2023 by April E.Sign in to Answer
Petty balance amt. Remaining in my HSA account
I have $1.27 Total balance remaining on my HSA account, that if I don’t use it I will lose it, By August 1, 2023. I am 69, and though I legally can use that amount to make a “non-medical purchase” Will The IRS tax me on that trivial amount and do I need to report it on my tax return?
Asked Friday, July 21, 2023 by James P.Sign in to Answer
Tax return
I submitted my taxes in April and still haven't received anything they said they was holding it 120 days they was trying to verify job or I worked there what if they haven't heard anything in 120 days what happens
Asked Thursday, July 20, 2023 by Felicia M.Sign in to Answer
Tax return
I submitted my taxes in April and still haven't received anything they said they was holding it 120 days they was trying to verify job or I worked there what if they haven't heard anything in 120 days what happens
Asked Thursday, July 20, 2023 by Felicia M.Sign in to Answer