asked
Can Schedule C losses be taken 3 out of 5 years since the business started or the previous 5 years if the business has existed for 12 years?
September 13th, 2024
I accidentally reported that I did not receive the second stimulus payment. How will this affect my tax return and how can I fix it?
May 5th, 2024
I sold on eBay in 2020 and payments for sold items go directly to PayPal. PayPal states they only issue a 1099-K if both sales over the calendar year exceed $20,000 and total sales exceed 200. My sales exceeded $20,000 but my total number of sales were less than 200. I never received a 1099-K from PayPal for this reason. I assume the IRS will not receive one either. Do I report my sales or not?
September 27th, 2024
I did not receive my second stimulus check and I am trying to find out why. I am a widow and really could use that money. How can I claim it?
July 9th, 2024
I traded the firm's capital of $100,000 and made a $5,500 profit. I also have a regular job in retail. What would be the average amount I would have to pay in taxes for the $5,500, and how long do I have to pay it? Additionally, can the $650 fee for taking an evaluation each time to trade the firm's capital be used as a write-off, especially since I spent around $15,000 in fees and made only $5,500 in profit?
October 21st, 2023
If I work temporarily from another state for a month, do I need to pay income tax for that nonresident state, and how does this affect my resident state taxes?
September 27th, 2023