asked
Can I be paid as a W-2 employee and as a 1099 contractor from the same business when I do not have a business license in my state?
November 13th, 2024
All my income is tax-free. Do I need to file a tax return?
June 14th, 2024
On March 31, 2023, I received a tax refund of $5,578.05, which is less than the amount I expected based on line 35a of my Form 1040. How can I determine why the refund amount is different and how can I access my tax information online?
February 11th, 2024
I received a CP2000 notice for the year 2021, indicating unreported income from my business and unemployment. I had filed my 1065 for my business, and the income was reported there. I believe my personal tax return was also filed that year. What should I do about this discrepancy, and how can I obtain a copy of my return to verify the reported income?
September 11th, 2023
I used TurboTax Business for my LLC taxes in the prior two years, and the depreciation for a stove purchased in July 2021 ($644) doesn't match the expected values from the IRS tables. TurboTax depreciated it at 18%, 32%, and 19%, while the table A-4 for 5-year property suggests 15%, 34%, 20.4%, etc. Additionally, I'm unsure if I should be using a 5-year or 7-year recovery period for the stove, and if I should amend my returns for 2021 and 2022 due to incorrect depreciation calculations.
July 11th, 2024
What is the taxable amount of Social Security benefits for a 73-year-old single individual who has no other sources of income besides Social Security, and how is this determined?
May 24th, 2024