Unanswered Tax Questions

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Personal Taxes

Final taxes

My aunt passed away and we need to file her last taxes.

Asked Sunday, June 11, 2023 by Sheila O.
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Miscellaneous

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.
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Miscellaneous

LTD

Is ltd taxable, and Is it counted as income? Paid by employer.

Asked Sunday, June 11, 2023 by Steve W.
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Miscellaneous

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.
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Personal Taxes

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.
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Tax Filing Tips

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.
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Personal Taxes

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.
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Payments and Penalties

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.
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Personal Taxes

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.
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Miscellaneous

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.
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