Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsWhat aspects are needed to open llc properly to avoid issues in the long run?
Asked onSaturday, August 05, 2023 by KheandreHello I would like to know what things besides ein and maybe the operating agreement does one need when setting up an llc for forex day trading? For example, virtual addresses, good standing papers, business liscencing papers and things of those sorts. What parts do I need for when I’m trying to open an llc?
Binary Options
Asked onSaturday, August 05, 2023 by JenniferI am looking into binary options trading via a broker and I am hearing conflicting information as far as taxes on any profits. What I’m being told is the broker pays the taxes and reports it to the IRS on my behalf , but how to I report it when I am doing my personal taxes?
Social security income taxable?
Asked onFriday, August 04, 2023 by williamMy mother is 91 and the only income she receives is social security. Does she have to pay tax on that or file a return? Thanks.
Married Puts: do not affect the holding period of the stock?
Asked onFriday, August 04, 2023 by JakeI am looking for an official IRC/IRS source to confirm the above. Pub550 does not appear to specifically address this situation. Thanks in advance.
Filing question
Asked onFriday, August 04, 2023 by AmberIf my spouse and I both Bork but he makes more than me, together we made over $100,000 should we be a married filing jointly and should I have multiple jobs or spouse works marked as yes?
Is it more beneficial to be married or domestic partnership?
Asked onFriday, August 04, 2023 by DianaI'm 34 female, partner 36 male. We live in El Paso tx. We're thinking of getting married or domestic partnership, I make around 87,500 a year and partner 31,200.
Tax penalty
Asked onFriday, August 04, 2023 by TwanaI got my taxes done by someone but the left off my 1099. So now I need to amend my taxes. I’m using free tax USA to do it but I don’t know where to enter the $26.00 estimated tax penalty that on the original return. So my amount owed do match I’m off my that $26.00
Business expense
Asked onFriday, August 04, 2023 by RyanI have an LLC, and wish to obtain a certificate to further my education in the field of my business. Would that be considered a business expense?
Wondering about claiming someone I have quardianship of
Asked onFriday, August 04, 2023 by RobertaI have quardianship of a 17 yr old she’s on my link and I’m on disability I’m separated but my husband sees her also and helps with all her things she needs can he claim her on his taxes and her mom thinks she can claim her but we have notarized papers I have quardianship and take care of her
County tax taken out of paychecks
Asked onThursday, August 03, 2023 by AmberHi I’m getting cook county tax taken out of all my paychecks and I’m wondering why?