I manage vacation rental homes and filed incorrect 1099-MISC forms for 2017 and 2018. The income from rentals is split between the homeowner and my management fees, with all funds initially coming into my account before expenses are paid and the remaining balance is sent to the homeowner. I need to correct these forms and understand how to properly report this income and expenses for both my business and the homeowners. Additionally, I need to know which tax forms to file and whether I should file as a partnership or as a service provider to the homeowners.

February 12th, 2024

My online filing is being rejected for AGI or self-assigned PIN for my husband. I know the AGI is correct, but how can I find out what PIN the IRS has on file?

April 8th, 2024

I have 3 W-2s from 3 different states: Iowa, Indiana, and Ohio. No state taxes were withheld from the jobs in Indiana and Ohio. Is the income from these jobs taxable in Iowa, and do I have to file tax returns in Ohio and Indiana for 2018?

March 20th, 2024

What do you think about deducting the cost of the removal of 30-year-old breast implants, especially since the only way to know if they were leaking is to perform the surgery, and one implant was found to be leaking? The patient had them removed due to an overall feeling of dis-ease and fear of their rupture during physical activity.

November 24th, 2024

As a 19-year-old part-time college student with a 5-month-old son, can my mother claim me as her dependent while I claim only my son and still receive earned income credit?

January 5th, 2023