asked
A tax-exempt minister receives a salary on a W-2 with box 1 filled out and also receives a $30,000 housing allowance. What part of the housing allowance can become taxable to income, and does the excess rule for tax-exempt ministers apply the same way?
May 13th, 2024
My child receives pension benefits due to my wife's passing, which are deposited into a UTMA account. I know a tax return is filed for my child because of this unearned income, but does he have to pay tax on the income generated in this UTMA account? If so, would I receive yearly tax forms (1099-B) showing this information?
August 14th, 2023
I received a 1099-B with a loss in box 8 and box 11. Where and how do I report this on my tax return?
July 20th, 2023
I have real estate to sell. I have had to pay surveyors, lawyers, and other expenses in 2017. Are these expenses deductible, and if so, which tax year should I claim the deduction for?
November 12th, 2023
Last two years, I owed $8000 in taxes. I am on a payment arrangement and currently owe $8600 to the IRS. I am completing my taxes this year and owe about the same. Is it better to make a $5000 payment on my back taxes, or to file estimated taxes and send $5000 with this?
January 20th, 2023
I cannot get my Balance Sheet to match in TurboTax Business. I have a printed copy of the balance sheet since I cannot import from Quickbooks to TurboTax. It's a C corp with little payroll. I need to map the entries from the balance sheet into their respective columns in TurboTax Business so items match up. Can you help with this and what is the estimated cost?
August 5th, 2024