Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsLTD
Asked onSunday, June 11, 2023 by SteveIs ltd taxable, and Is it counted as income? Paid by employer.
Large sum from International Seller for services
Asked onSaturday, June 10, 2023 by ZacharyCan 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
Not sure what to claim on my taxes
Asked onSaturday, June 10, 2023 by KevinMy fiancee is pregnant. We have lived together for over a year, she's 34 weeks pregnant. What do I claim on my taxes
Tax Exemption
Asked onSaturday, June 10, 2023 by JustineHi. 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.
Self-employed federal tax return question
Asked onFriday, June 09, 2023 by NancyGot 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?
Amended return
Asked onFriday, June 09, 2023 by KFiled 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?
Premium tax credit
Asked onFriday, June 09, 2023 by DavidThe IRS has determined that I owe $5208.00 because I didn't get insurance through the Insurance marketplace.
If I deposit a check from business and they put “cash” in the name, is it taxable?
Asked onFriday, June 09, 2023 by SamIf I deposit a check from business and they put “cash” in the name, is it taxable?
How can I withdraw from IRA with least penalties?
Asked onFriday, June 09, 2023 by AmandaI am currently unemployed and need to pull from my IRA to cover general expenses and medical insurance premiums. I have both Roth and Traditional IRAs. I read the IRS rules regarding penalties for early withdrawal and the exceptions to these penalties. My questions are: 1) would I qualify for an exception for part or all of my withdrawal; 2) if yes, does it matter which IRA I pull from; 3) if no, what type of withdrawal is going to be least penalized; and 4) I saw something about distributions from the IRA over time instead of one lump sum - does this make a difference?
W2 Correction
Asked onFriday, June 09, 2023 by TinaMy employer included the earnings for my short term disability on my W-2 and I received a W-2 from their 3rd party payer for the same amount. Should I request a correct W-2 from my employer?