Our incorporated homeowners association has not filed taxes for 11 years. We last filed an 1120-H in 2002. If we need to file back tax returns, would we have to file form 1120 instead of 1120-H? Could some of the member dues be considered capital contributions to the corporation rather than income? What is likely to happen if we file an 1120-H this year, and is the IRS likely to ask for the previous 11 years of returns?

October 4th, 2023

I receive spousal support from my ex-husband, but have never received a 1099 from the government for tax filing purposes. Am I required to file the spousal support funds as income? If so, why don't I receive anything telling me the totals for the prior year?

December 5th, 2023

I gave you the wrong info earlier. The IRA was my wife's. She only has one and I failed to have her make the withdrawal at 70 1/2 because I was not aware of it. She was 70 1/2 in 2011. What should we do now?

August 9th, 2024

I am a PR living in UAE, landed in Canada in May 2013, spent 10 days, then left again, and have been in the UAE since then. I am only planning to go back permanently in 2015. Do I still need to file a tax return in Canada, even though I am not currently living there?

September 12th, 2024

My 20-year-old daughter, who is a full-time student with a part-time job, lives with me and does not pay rent, except for some small bills. If I declare her as a dependent, should I also declare her income as my income? Even though I did not see none of her income? Should I be better off having her as my dependent, or should I let her file as independent? My income is about 23K, and my daughter's income is about 14K.

February 3rd, 2023