asked
Due to several vet visits for my ailing pet, I needed to take money out of my HSA account this past year. Luckily, I get a health bonus each January from my employer, so I can easily put all those funds back into the account before I do my taxes. Will this be "in time" or am I too late and will be penalized?
January 4th, 2023
I have been living with my girlfriend for over a year now, and she wants to claim me as a dependent in order to claim "head of household" status since she pays for mortgage, utilities, and most other bills. I do not work and am a retired (100%) disabled veteran, receiving disability pensions from both VA and Social Security which are tax free. I usually help with other expenses, the majority being travel and entertainment expenses. Will the IRS accept this as valid and what will they look for to validate the claim/status?
October 6th, 2023
I need a copy of the 2023 new benefit amount from the Social Security Administration for financial aid application at Grande Ronde Hospital. How can I obtain this?
December 25th, 2023
Is there a limit to rental property depreciation, and how do I ensure all my costs are captured for tax deductions? Specifically, I am using TurboTax and have encountered a point where additional property information does not increase my tax deduction. What are the passive loss limits and how do they apply to my situation?
June 29th, 2024
For a two-member LLC, do I need any additional authorization if both members sign the form? Do I need to file an 8821? If the LLC was just formed and hasn't filed a 1065, how should I complete items 5 and 6 on Form 8802?
October 16th, 2023
If I get a loan, how do I recognize it in the accounting books with interest payable or should I register interest expense as I am paying it? I am using the cash basis accounting method.
August 1st, 2024