Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsHow much Tax exemptions
Asked onMonday, July 24, 2023 by RebekahHi 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.
Filing late tax return - tax years 2021-2022
Asked onSaturday, July 22, 2023 by VINCENTMy 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.
Do I need to fill out a 5000a in Arizona to buy inventory and sell on Amazon
Asked onSaturday, July 22, 2023 by ErickI’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
Can the IRS go after an account with a POD beneficiary
Asked onFriday, July 21, 2023 by KoreyI 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?
does the michigan home heating credit count as money(credit) i claim
Asked onFriday, July 21, 2023 by stephaniesame as above
Capital Gain
Asked onFriday, July 21, 2023 by AprilWhat % 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
Petty balance amt. Remaining in my HSA account
Asked onFriday, July 21, 2023 by JamesI 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?
Tax return
Asked onThursday, July 20, 2023 by FeliciaI 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
Tax return
Asked onThursday, July 20, 2023 by FeliciaI 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
Efilie 2022 tax return
Asked onThursday, July 20, 2023 by LaVondaI 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