asked
As legal guardian for my sister who moved to an assisted-living facility in October 2014 due to developing mental impairments, I need to prepare her 2014 tax returns. Numerous expenses were incurred for the court guardianship hearing, including fees paid to the clerk of court, assigned guardian ad litem, attorney, and court-required bonding. Could you provide information about what might be deductible for tax purposes? Additionally, regarding her residency in the assisted-living facility, I receive and pay statements for prescribed drugs, physician and dentist services, and medical insurance. Might any part of the assisted-living services, such as routine checks by a resident nurse, daily aid with medications, and wellness activities, be deductible?
April 6th, 2024
A taxpayer received $28,000 in disability income protection benefits, which was immediately paid into his C Corp. The payment was shown as income for the C Corp and a 1099-MISC was received from the insurance company. How can this income be passed to the C Corp, and can it be shown that the taxpayer subcontracted with the C Corp, given that he is the sole owner and a dentist?
November 14th, 2023
Under the Affordable Care Act (ACA), if my adjusted gross income (AGI) for 2013 is $21,591 for a family of five, which is below the Federal Poverty Level (FPL) of $27,570, and my children have coverage under Medicaid/CHIP, would my husband and I be exempt from the ACA penalty if we decide not to get health insurance coverage? How would I apply for this exemption, and are there any additional requirements to fulfill the 'hardship requirement'?
March 26th, 2024
I live in Pennsylvania but worked in New Jersey and retired from my job in April 2014. Is my New Jersey pension subject to Pennsylvania state tax?
February 17th, 2024
I am a non-US seller from Bulgaria, selling home appliance products on Amazon through dropshipping. I filled out a W8-BEN document and made around $31,000 in sales in 2014. Will Amazon send me a tax report or to my country's tax office or to the IRS? What should I do for tax reporting?
January 13th, 2023
I'm transferring money from Istanbul, Turkey to Decatur, Illinois. This requires my non-residential tax code. What is my non-residential tax code?
June 1st, 2024