Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
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Unclaimed stimulus checks
I haven't filed taxes for a few years as I've had no income can I still get the three stimulus checks?
Asked Monday, June 12, 2023 by Clyde A.Sign in to Answer
Prepare in advance for 2023 tax filing
Hello, I need to know the (estimated) amount that I need to save in order to pay the penalties when I file my 2023 taxes. Last week I was laid off and unfortunately my pension was moved into a 403b so the withdrawal incurs the penalties and I need to understand the total amount and be prepared to pay the 10% and early withdrawal penalties when they are due. If there is time: do I need to liquidate my HSA funds after being laid off since I no longer have a HDHP? Thank you for your time. ~Robyn
Asked Monday, June 12, 2023 by Robyn D.Sign in to Answer
LLC
my husband started an LLC in 2019 it is a single person business i have no part in it we filed as married. We got a $20,000 tax bill (Federal/NYS) for 2022. I work and my taxes are taken out of my check. does this bill fall under the LLC responsibility to pay?
Asked Monday, June 12, 2023 by Christina L.Sign in to Answer
Question related to use tax
Hello, I moved from Mexico to the United States around 8 years ago having a visa that let me study but not work as I was a dependant, and during that time I brought personal property from Mexico to the United States. I became a permanent resident around 4 years after. As I learn more about taxes, I wonder if I was required to pay use tax on that personal property that I brought from Mexico to North Carolina as I paid sales tax on that property on Mexico when I bought it there, and now having moved from North Carolina to Texas, if I need to pay use tax on my personal property as I paid taxes for some of them on North Carolina, plus the stuff that I bought on Mexico some long time ago.
Asked Monday, June 12, 2023 by Luis David G.Sign in to Answer
index/ETF/taxable acct
Hi, May I ask a couple general questions in regards to index/ETF funds, and withdrawing from taxable acct as it pertain to taxes? Thanks.
Asked Sunday, June 11, 2023 by swan s.Sign in to Answer
Settlement payments
My ex-wife will not give me her Social security number. I pay her an $800.00 per month settlement. How can I claim my payments without her help?
Asked Sunday, June 11, 2023 by Benjamin M.Sign in to Answer
Final taxes
My aunt passed away and we need to file her last taxes.
Asked Sunday, June 11, 2023 by Sheila O.Sign in to Answer
Am I self enjoyed?
Hi, this is a 2 part question. I babysit a friend's child 2 days a week (at my house, providing food, purchasing my own toys, etc for him), making $50/ day. (so roughly $400/month and will be $5000/year. She pays me cash, sometimes Venmo. I assumed I'm considered self-employed and will report this income on my 2023; married filing joint income tax form. Additionally, starting next week, I'm helping a family 2-3 days/ week with 30 min childcare/ transportation and 2 ish hours of housework. $50/day. They be said their cpa said to issue a 1099. It may only be for the summer (but possibly continuing after), so roughly $1800 for the summer. I'm just wanting to make sure I'm doing taxes correctly. Do I need to file quarterly? At this point the TOTAL income I'm bringing in will be around $7,800 for the year. My husband makes about $75, 000 (regular W2 employee). Thank you!
Asked Sunday, June 11, 2023 by A S.Sign in to Answer
LTD
Is ltd taxable, and Is it counted as income? Paid by employer.
Asked Sunday, June 11, 2023 by Steve W.Sign in to Answer
Large sum from International Seller for services
Can you tell me about what to expect for taxes? Client from Taiwan is going to send me a large sum of money to build 20+ servers ( 20K+ ). Do I have to pay taxes on what I receive or the profit left over after I finish it all? Expected service Buy parts for all the servers Build servers Ship to datacenter
Asked Saturday, June 10, 2023 by Zachary J.Sign in to Answer