Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
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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
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