User Submitted Tax Questions
Read Questions Asked by Users and the Answers Provided by CPAs.
View All Tax QuestionsPrepare 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 onMonday, June 12, 2023 by RobynCPAs - 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 onMonday, June 12, 2023 by ChristinaCPAs - 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 onMonday, June 12, 2023 by Luis DavidCPAs - 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 onSunday, June 11, 2023 by swanCPAs - 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 onSunday, June 11, 2023 by BenjaminCPAs - Sign in to Answer
Final taxes
My aunt passed away and we need to file her last taxes.
Asked onSunday, June 11, 2023 by SheilaCPAs - 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 onSunday, June 11, 2023 by ACPAs - Sign in to Answer
LTD
Is ltd taxable, and Is it counted as income? Paid by employer.
Asked onSunday, June 11, 2023 by SteveCPAs - 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 onSaturday, June 10, 2023 by ZacharyCPAs - 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 onSaturday, June 10, 2023 by KevinCPAs - Sign in to Answer