asked
Can a husband claim head of household status if he makes less than the wife, and can he file head of household while taking the earned income credit and claiming dependents, with the wife filing as married filing separately with no dependents? Also, is there a plan to eliminate head of household status, and how would that affect tax filing?
April 14th, 2024
I am 65 and still working, and I just started collecting Social Security in 2007. Do I have to pay federal and state taxes on my Social Security benefits? Should I add it to my income? I earn roughly $16,000 a year and receive around $772.00 monthly after Medicare payments and drug costs.
August 2nd, 2023
I run an e-commerce site with nexus in New York City. If I sell a product to a customer in Florida, do I owe tax on that sale? Or do I only owe tax on products sold to customers in New York City? Additionally, if I sell clothing exempt from sales tax in certain jurisdictions in New York, do I need to collect sales tax for customers in other counties like Albany? Also, if I live in Boston for a year but have a supplier in New York, do I have nexus in New York? And if Massachusetts has a clothing exemption, do I need to register for a sales tax license there? Finally, if I move out of New York for a month, is it worth registering for sales tax in New York?
September 17th, 2023
I received a lock-in letter from the IRS due to an honest mistake on my W-4 form where my wife and I both claimed deductions. We have been paying taxes and are on a payment plan. Will this impact my employment, especially since I am in the financial services industry, and how can I address this situation to avoid potential issues?
October 18th, 2024
I received a lump sum amount of $100,000.00 from my mother's trust account, which was to be used solely for our home mortgage. How should this be reported on our tax return?
June 9th, 2024
Can somebody with a 6-month resident permit be considered as a dependent in tax return filing, and if so, under what conditions?
April 25th, 2024