Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsTaxes, 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
How 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