asked
For Form 3520, I need to enter more lines than the 3 given in the list in section IV, line 54. Since the last line requires a total, should I fill in the first 3 lines and include the total, and put the rest of the lines on an attached statement, or should I just put 'See attached statement' in the list and only put in the total on the form, with the attached statement having a similar list with all the line items and the total?
March 22nd, 2024
How can we retrieve lost tax information from last year for my son who was married filing jointly with TurboTax, now divorced, and does he have to file married filing separately for 2018?
July 17th, 2023
Can a client use his girlfriend's car for business and claim expenses despite the car being owned by his girlfriend? Additionally, can he deduct telephone bills that are under his girlfriend's name if they are for business purposes?
October 21st, 2024
I received a death payout from Conseco Insurance Company from an insurance policy my late husband took out. Conseco dated the check Jan 1 2009, but sent me a 1099-R form dated 2008. I was told the 1099 had to be dated 2008 because the processing took place Dec 27th 2008, even though the check was dated Jan 1 2009 and received in 2009. Do I amend my 2008 return, or do I report this on my 2009 return and accompany it with a letter to the IRS showing a copy of the check along with the 2008 1099? Additionally, I want to write to the person in charge of client services at Conseco but do not know who it is. Please advise.
September 20th, 2023
I received a $10,000 relocation lump sum in February 2018 while still a resident of ND, but my company paid state taxes for the lump sum to CA even though I moved from ND to CA in March. Is this a mistake, or is this how it works?
June 11th, 2024
Is there a tax advantage to taking a guaranteed payment to reduce tax to 7% as a salary?
October 10th, 2023