Unanswered Tax Questions
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Not sure what to claim on my taxes
My fiancee is pregnant. We have lived together for over a year, she's 34 weeks pregnant. What do I claim on my taxes
Asked Saturday, June 10, 2023 by Kevin T.Sign in to Answer
Tax Exemption
Hi. I have a full-time job that pays me $16/hr and 40 hours a week. I am about to be a student this Fall semester with 13 credits which I am unsure if that is considered a full-time student. My question is am I eligible to file tax exemption? By the way, I am a New York resident.
Asked Saturday, June 10, 2023 by Justine M.Sign in to Answer
Self-employed federal tax return question
Got letter from IRS saying there is an error on my 2022 1040 and forms, and that I owe them over $1000. I think it is because I used the self-employment tax deduction of 50%, which I thought I was entitled to. Did I make an error by using that deduction?
Asked Friday, June 09, 2023 by Nancy D.Sign in to Answer
Amended return
Filed an amended return that hasn’t been processed. Received letter from IRS with tax owed amount from original return which was corrected. Should I pay original amount and get a refund after the amended one is processed?
Asked Friday, June 09, 2023 by K G.Sign in to Answer
Premium tax credit
The IRS has determined that I owe $5208.00 because I didn't get insurance through the Insurance marketplace.
Asked Friday, June 09, 2023 by David M.Sign in to Answer
If I deposit a check from business and they put “cash” in the name, is it taxable?
If I deposit a check from business and they put “cash” in the name, is it taxable?
Asked Friday, June 09, 2023 by Sam J.Sign in to Answer
How can I withdraw from IRA with least penalties?
I am currently unemployed and need to pull from my IRA to cover general expenses and medical insurance premiums. I have both Roth and Traditional IRAs. I read the IRS rules regarding penalties for early withdrawal and the exceptions to these penalties. My questions are: 1) would I qualify for an exception for part or all of my withdrawal; 2) if yes, does it matter which IRA I pull from; 3) if no, what type of withdrawal is going to be least penalized; and 4) I saw something about distributions from the IRA over time instead of one lump sum - does this make a difference?
Asked Friday, June 09, 2023 by Amanda H.Sign in to Answer
W2 Correction
My employer included the earnings for my short term disability on my W-2 and I received a W-2 from their 3rd party payer for the same amount. Should I request a correct W-2 from my employer?
Asked Friday, June 09, 2023 by Tina K.Sign in to Answer
Capital Gains
When do you need to pay capital gains in Nebraska after selling a home?
Asked Friday, June 09, 2023 by Tammy D.Sign in to Answer
Do I have to pay federal tax on sale of inherited house
During the process of selling my mother’s house, she passed. I was sole beneficiary and inherited the house. The sale was completed within a month of her passing. Do I have to file federal income tax on the funds I received? I haven’t filed returns for years as I live on social security. Thank you
Asked Friday, June 09, 2023 by Sherie W.Sign in to Answer