Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsInsurance
Asked onWednesday, July 26, 2023 by CynthiaWe received an insurance payment on a policy we did not use after 20 years. Why is this taxable
Inheritance/ estate tax
Asked onWednesday, July 26, 2023 by justinI inherited a portion of a home from my grandparents. If the other parties wish to buy me out of my part, is that considered taxable income. I am in WA state.
Form 9465
Asked onWednesday, July 26, 2023 by AnnI'm filling out a form 9465 bcuz I owe $ from 2021 and I got the letter the other day. My question is on the form line 2 it says the name of my business, I don't own a business. I'm just trying to set up my payment plan. I owe 1831.00 and can pay 100.00 a month.
Capital Gains When Selling a Home
Asked onWednesday, July 26, 2023 by AaronI am thinking about selling my house before the two mark. I don’t plan on making $150K when selling my house. I’m also starting a new job in a different time zone closer to where my new job is located. Will I pay any capital gains when selling my house?
Tax withholding
Asked onTuesday, July 25, 2023 by JoanHow much federal tax should be withheld from a pension check of $4000 @ age 65 and older?
Are life insurance premiums tax deductible?
Asked onTuesday, July 25, 2023 by RachaelA life insurance salesman sold me a new, pricier policy based on him telling me that the premiums would be tax deductible as a self employed independent contractor. But that isn't sitting right with me, and I just need an answer because if it's not true, I'm canceling the policy because it's too expensive. Thank you for any answers you can give!
Taxes, Registration, Tax Exemption..
Asked onTuesday, July 25, 2023 by AndrewHello- I run a sign shop in Rhode Island as a Sole Proprietor and I have a few questions. I'm registered as a dba with my city. Do I need to register with the state? Should I be paying taxes on materials I purchase to manufacture my signs? Also, should I be charging tax to my end clients? Some of those clients are cafes and bars, while others are singular collectors. Thank you SO much in advance
I'm self employed (independent contractor)My schedule c form was not considered.
Asked onTuesday, July 25, 2023 by TaureanWhy I didn't get a refund for any of my expenses. If My self employed expenses exceed my wages am I entitled a refund.
Closing an S-Corp
Asked onMonday, July 24, 2023 by CatherineI need help to close an s-corp that was created but the business never opened. I know that I have to file two things but I am at a loss. Any help would be appreciated. I don't have any expenses or revenues attached to the business.
Invoice
Asked onMonday, July 24, 2023 by BillHOA 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