asked
I am a 75-year-old retired engineer who made monthly RMD withdrawals totaling $80,000 from January through August 2020. I then learned about the waiver of RMD requirements for 2020 due to Covid and returned the $80,000 to my IRA account on August 18. My questions are: 1) As of now, do I have zero taxable IRA withdrawals? and 2) If I withdraw $100,000 before December 31, is that the only taxable IRA withdrawal?
September 6th, 2024
As an independent contractor working in content creation and social media marketing, if I buy a new computer for work, can I write off the entire amount on my taxes?
May 25th, 2023
I received a CP503 notice stating I owe $733.38 in unpaid taxes for 2019, due by December 31, 2020. I had requested an extension and later filed my taxes through an accounting firm, which submitted an amended return dated 07/29/2020, expecting a refund of $37. Why do I now owe $733.38, and how can I resolve this?
March 31st, 2024
Why is the Foreign Tax Credit (FTC) not refundable for a C Corp in Delaware, and are there other ways to get refunds?
June 26th, 2024
Can the IRS touch my assets under my S-corporation if I owe money for my personal tax return?
September 24th, 2023
While in Optional Practical Training after graduating as an international student, is it a problem to file a tax as a resident where I live in, even though I have lived in the US for less than five years as an F-1 visa holder?
December 31st, 2023