User Submitted Tax Questions
Read Questions Asked by Users and the Answers Provided by CPAs.
View All Tax QuestionsCan you advise and help me with taxes on a 1031 Exchange?
I am in the midst of a 1031 Exchange and have many questions regarding the worth of each property and previous depreciation. I am looking for a CPA to do my taxes.
Asked onMonday, June 05, 2023 by RoxanneCPAs - Sign in to Answer
Made 0 in 2022 have to pay both school taxes
My son has not worked in 2 years, does he or (I) have to pay our school district Personal Per Cap Tax and the school district Per Capita Tax? Thank you
Asked onMonday, June 05, 2023 by JoiceCPAs - Sign in to Answer
Failure to Obtain Current W8
If a business fails to update their W8 forms on file when they expire at the 3 year mark, but continue to withhold at the same rate and file 1042s, what would the liability (tax, penalties, interest) be for the business if audited? Would the business be liable for the difference between taxes held and the 30% rate plus whatever the fee/interest?
Asked onMonday, June 05, 2023 by JessicaCPAs - Sign in to Answer
2 Tesla vehicle mean two 7500 credits?
Hello, I just got a Tesla and I am looking to get another Tesla however wanted to find out if I buy another Tesla if I will receive two 7500 tax credits one for each vehicle or if it is limited per household. Furthermore if I buy two Teslas that each qualify for 7500 tax credit will I get 7500 or 15000 thanks
Asked onMonday, June 05, 2023 by RyanCPAs - Sign in to Answer
Incorrect past filed taxes
I owe currently $6k in taxes for 3 different years of them being incorrect due to circumstances that were not in my control at all, all the employers. I don't know how to take care of this and need help.
Asked onMonday, June 05, 2023 by ReannaCPAs - Sign in to Answer
Expenses for a start up business
Hello, I filed an extension for 2022 taxes and I am starting the filing process now. I established an LLC for an Airbnb (in Arizona) in 2023 and accumulated most start up expenses in 2022. Am I to write off these expenses with my 2022 taxes or wait until filing 2023 taxes, since this was the year that LLC was established? Thanks so much for your help!
Asked onMonday, June 05, 2023 by AmyCPAs - Sign in to Answer
Need to cash in retirement
I work for a large company and I’m going to be leaving it soon. I am either going to have to cash in my stock or my 401(k). I need to know what would be the better choice of the two?
Asked onMonday, June 05, 2023 by CassandraCPAs - Sign in to Answer
Paid IRS for 2021 error. What form is needed for New York State?
I sent a check to the IRS to correct an underpayment of my 2021 taxes. How do I notify New York State to determine how much I owe them? I didn’t dispute their findings, it was my mistake.
Asked onMonday, June 05, 2023 by GerardCPAs - Sign in to Answer
I have two full-time jobs and I'm trying to figure out how much will I have to pay back at the end of the year
Trying to figure out how much I would have to pay back at the end of the year with two full-time jobs
Asked onMonday, June 05, 2023 by ElvinCPAs - Sign in to Answer