Unanswered Tax Questions

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Miscellaneous

does the michigan home heating credit count as money(credit) i claim

same as above

Asked Friday, July 21, 2023 by stephanie p.
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Deductions and Write-Offs

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.
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Personal Taxes

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.
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Where is My State Tax Refund?

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.
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Where is My State Tax Refund?

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.
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Tax Filing Tips

Efilie 2022 tax return

I filed my 2021 taxes by mailing them in. For 2022 tax return, I want to efile. when I got to the efile section, it asked for the 2021 AGI, when I put the amount of 2021 AGI in and efiled, i received a reject. I am wondering if I should have put "zero" in the section for 2021 AGI since I did not efile 2021 tax return

Asked Thursday, July 20, 2023 by LaVonda H.
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Miscellaneous

Will my brother need to file taxes if he ended the year incarcerated

My brother worked Jan-Aug 2022. He was arrested Aug 2022 and has been in jail since. He got divorced in oct 2022. We just found out his ex wife did not file his taxes for 2022. With him being incarcerated does he have to file taxes for 2022 at all? Or do we need to tract down his 2022 w2 and file for him and pay any taxes owed and penalties that have incurred for not filing on time? We live in Oklahoma

Asked Wednesday, July 19, 2023 by Lori D.
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Bookkeeping & Write-up

set up invoice for brokerage of printing

I am coordinating the printing of books and of graphic design and shipping for a client. I hired and paid the graphic designers, theprinter, etc. I paid these vendors directly. How should I set up the invoice in quickbooks so that if I need to collect tax and pay the state of Arizona, it would be only for the printing portion not for all of the project.

Asked Wednesday, July 19, 2023 by vane t.
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Investment and Finance

18 ACRE LAND SPLIT

Hello, we purchased 18 acres of AG zoned land in Linn County Iowa in 2021 for 375K and in 2023 split the parcel into an AG zoned 13 acre parcel and an AG zoned 5 acre parcel. If we sell the 13 acre lot for 500K can we invest all of the proceeds from the sale into a new home and buildings on the 5 acre lot without paying capital gains on the sale? Randy

Asked Wednesday, July 19, 2023 by Randy C.
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Tax Filing Tips

State tax filings when moving to a different state

If we move from California to Texas in the middle of the year, which state do I file state income taxes for W2? What method is used to split the proportion of income going to California taxes and Texas taxes? How is this then applied to 1099 or business income earned?

Asked Wednesday, July 19, 2023 by Victor P.
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