Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsFederal taxes
Asked onMonday, June 19, 2023 by AliciaWhy don't my employer take federal taxes out of my checks?
Can a wife as her tax transcipts independently from her previously receive joint file
Asked onMonday, June 19, 2023 by AbdolrahimI need assistance with a tax-related question. In a scenario involving a husband and wife, they have jointly filed their 2022 tax return. The wife has been requested by a federal office to provide her tax transcript. However, the husband is uncooperative and unwilling to submit a joint transcript. I would like to know if the wife has the option to independently request a copy of her own federal tax transcript from the IRS, which she can then submit to the federal office while maintaining confidentiality.
Gig tax advice
Asked onMonday, June 19, 2023 by DarrinI am an online gig worker. Need to report to social security.
How to write off time spent at rentals
Asked onSunday, June 18, 2023 by Beth AnnI keep track each time I go to work at the Rentals iPhone. What is the best way to do that? Can I only write off mileage? Or the time spent working? Do I pay myself for work done?
Audited, claiming kids
Asked onSaturday, June 17, 2023 by GageI've claimed all 3 of my children since they were born, the eldest being 6. I complied with the requests for extra documentation and waited. They're now saying I can't claim them or the earned income credit and owe 1,000 + with interest, even though they're just now saying I owe something. I have been waiting since I filed in February and do not understand how they can claim that these children are suddenly not mine.
can a owner of a job take taxes out of paycheck even if they don't have my social security number?
Asked onSaturday, June 17, 2023 by irmai started working and realized that the owner of the company were i work is taking taxes out of my paycheck, but they don't have my social security number, so is it legal? and what can I do about it?
Donation
Asked onFriday, June 16, 2023 by JohnA person wanted to donate $4000.00 from their IRA to my church. At the same time, they wanted the church to give them $2000.00 so they could save on taxes. Is this legal, or is this a form of money laundering?
Are annual, unpaid interest payments compounded with principal if promissory note language excludes compounding clause?
Asked onFriday, June 16, 2023 by AlanInterest rates and payments are specified in a promissory note secured by a deed of trust. However, no interest or principal payments have been made and the property is about to be sold. The promissory note lacks a clause that specifies that unpaid interest shall accumulate to principal and compound year-by-year, so need to know if unpaid interest due should be compounded annually or not.
Selling mutual funds
Asked onFriday, June 16, 2023 by CharlesWhat tax implications would there be if I sold some mutual funds to get some cash to pay off debt? Is there any way to mitigate the effect on next year's tax return?