Unanswered Tax Questions
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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 Monday, June 05, 2023 by Reanna H.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 Monday, June 05, 2023 by Amy B.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 Monday, June 05, 2023 by Cassandra C.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 Monday, June 05, 2023 by Gerard R.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 Monday, June 05, 2023 by Elvin G.Sign in to Answer
Delinquent property taxes
I'm disabled, low income, & I owe back property taxes in my home. Is there any help available or do you have any suggestions? Much appreciated.
Asked Sunday, June 04, 2023 by Nancy M.Sign in to Answer
AGI's from the previous years
We were trying to file this year, but couldn't find our AGI from the previous year. We then realized that our return didn't go through last year because we didn't have the correct AGI for the year previous to last year. Please help! Where do I start?
Asked Sunday, June 04, 2023 by Amanda M.Sign in to Answer
3520 FORM
I am trying to file the form 3520. I receive a gift from foreign parents 2 months ago (April 2023) 1. My question is when is the deadline for me to file 3520?? I think it is due on April of next year 2024 (Tax date) but file it separately from the 1040 to the Utah locations. 2. The 3520 form currently online is for the calendar year 2022. Can I use the same 2022 form to file for 2023 tax? or I have to wait until the 2023 is issued? Thx Keith
Asked Sunday, June 04, 2023 by KEITH L.Sign in to Answer
Inherited IRA during COVID
Hi! So recently I realized that I massively overpaid on my taxes for 2021 and will be submitting an amended return. Before I do that however, I have kind of a complicated question to ask. I inherited an IRA from a deceased relative back in 2015, and just left it alone until 2020 when I got a notice that I was required to pull all the money out and do something with it in my own name. Apparently there's a rule about that and a 5 year limit. 2020 also happened to be pandemic year, and that money saved my butt. However, when it came time to do taxes, I wasn't sure how to file for that and was in a dark place at the time, so I didn't reach out for the appropriate help. I just followed the prompts on TurboTax and filed it under "Qualified Disaster Distributions From Traditional, SEP, SIMPLE, and Roth IRAs for the Coronavirus and Disaster(s) Listed in Item C" where the amount is taxed in thirds over 3 years. Was that the right move? Did I even need to pay taxes on it at all given that the IRS requires you to empty an inherited IRA after 5 years regardless? Would really appreciate clarification on this, thanks!
Asked Saturday, June 03, 2023 by Robert W.Sign in to Answer
If I refinance & get cash back, can I itemize & deduct the interest?
In 2015 I refinanced my homestead & got cash back. I used 20% of the cash to make capital improvements to a rent house & 80% to repair the rent house. In 2022 I bought a second home for recreational purposes with a new loan. On my tax return can I itemize & deduct any of the interest from these 2 home loans?
Asked Saturday, June 03, 2023 by Den P.Sign in to Answer