Sherri S. asked
Both of my in-laws entered assisted-living facilities during 2023. They are filing jointly and each has long-term care insurance. Are payments in excess of reimbursement deductible?
March 27th, 2024
Matthew S. answered
Out-of-pocket payments to assisted-living facilities are deductible as medical expenses. For more de...
March 27th, 2024
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My mother, who is 95 and mentally impaired, receives three bank deposits every month or so identified as 'APA TREAS 310 MISC PAY' followed by HR and nine numbers. I have Power of Attorney for her financials. How do I get a 1099 so that we can have her taxes reflect those payments?
June 25th, 2023
Where is my refund for 2022? I filed my taxes in 2023 by paper and have only been able to check the status on 'Where's My Refund,' which shows it was received.
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As a legal resident in both the US and Norway, can I claim a foreign tax credit for the Norwegian taxation on bank interest from my US accounts, and do I also report bank interest from Norwegian banks on my US tax return?
August 23rd, 2023
I fully own a C corporation registered in the US, but I am a foreigner and not a US resident. When preparing Form 1120 for business tax return, do I need to attach Form 5472 if there were no reportable transactions in 2023?
November 19th, 2023
I’m doing my taxes for 2023 and need help with inheritance I received. My mother passed in 11/2021, leaving a trust for her property. The home was sold on 7/06/23, and all money was distributed to each beneficiary. The fair market value (FMV) when she passed was $1.2 million, and the house was sold for $1 million. I received $240,055. I received a 1099-S in both my and my sister's name even though she transferred the home to her name only. Do I report this, and where on my taxes?
October 16th, 2024