Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
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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.Sign in to Answer
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.Sign in to Answer
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.Sign in to Answer
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.Sign in to Answer
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.Sign in to Answer
tax required on inhearted 401k
what are the tax on a inharted 401k for my son
Asked Monday, July 03, 2023 by charles a.Sign in to Answer
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.Sign in to Answer
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.Sign in to Answer
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.Sign in to Answer
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.Sign in to Answer