Unanswered Tax Questions

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Deductions and Write-Offs

Tax write-offs

Hello. I am a new travel business owner, but I did not make more than $500 profit for 2022 tax season, while working a full time job (with w2). However, I have invested more than $1K through traveling, attending workshops and working my business. Am I allowed to write-off these items.

Asked Wednesday, July 05, 2023 by Renee J.
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Home Ownership

How much will my taxes go up if I increase my property by 43,560 sq ft

vacant lot

Asked Wednesday, July 05, 2023 by Connie H.
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Deductions and Write-Offs

Tax write offs for car payments

If I buy or lease a car and primarily use it for business, can I deduct all of my car payment as a business expense?

Asked Wednesday, July 05, 2023 by Seth B.
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Personal Taxes

Gambling income on taxes

so far this year I made 765 dollars in profit from social casinos however the total revenue is 1798 dollars meaning I wagered 1033 dollars to profit. am I able to itemize my wagered amount of 1033 dollars as a loss when filing my taxes to deducted it from the total amount I have to pay?

Asked Tuesday, July 04, 2023 by Ethan Jerel E.
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Personal Taxes

Firm 8379

Trying to fill out form 8379. My deceased son filed separately and I'm trying to fill out part 3. Not sure how to fill this part out to get his tax return

Asked Monday, July 03, 2023 by Janet G.
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Personal Taxes

tax required on inhearted 401k

what are the tax on a inharted 401k for my son

Asked Monday, July 03, 2023 by charles a.
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Frequently Asked Questions

Inheritance question

I recieved my non taxable inheritance through vanguard. My aunt said that I wouldn't be taxed on it but im afraid that since it was sent through vanguard that when I take it out that the government won't know that it is an inheritance and tax me on it.

Asked Monday, July 03, 2023 by Patricia S.
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Personal Taxes

Previous Tax return

Hello, two years ago I started working at the end of the year and I filed taxes. I am married and have two kids. My husband and I both agreed to file separately and claim one child. I have had no problems getting my returns but my husband hasn't gotten his federal taxes for those two years.( I went to a tax preparer he went to a family member) He told me the reason he hasn't gotten his taxes was because I claimed one of our children and hadn't worked very long and it put extra taxes or something like that and they levied his taxes. Is this possible or could there be any other possible outcome.

Asked Monday, July 03, 2023 by Rachel T.
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Miscellaneous

non profit for federal employee morale group

want to open bank account for EMPLOYEE MORALE GROUP for TSA employees at Myrtle Beach International Airport. We buy food items at SAMS and sale at a slight higher price and use those gains to host pizza parties for officers, ice cream days, and misc employee appreciation events

Asked Monday, July 03, 2023 by iris M.
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Payments and Penalties

Class Action settlement check

I received a class action settlement check. I filled out a W9. Hoe much will I owe in taxes..what percentage needs to be deducted

Asked Monday, July 03, 2023 by B P.
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