I am borrowing money from my family to buy a car. My mom lent me $10,000 and my uncle is lending me $8,000. If I deposit this money into my bank account, will the bank report it to the IRS?
June 5th, 2023
My husband and I never received our second round Stimulus check for $600 each. We go to Florida in the winter, and the check was never deposited into our checking account like the previous checks. We were told it might be related to our 2020 tax filing. We sent in a form in June 2021, but it has been over 8 weeks without receiving the check. We prefer to have it deposited into our checking account. Could you check the status of this for us and what information do you need from me to do so?
July 25th, 2023
How can I obtain my 2019 Adjusted Gross Income (AGI) to complete my current year's taxes?
June 21st, 2023
I have misplaced a 2020 Social Security document that indicates the amount I was paid. I do not have an online account and need to know the amount paid by Social Security for my tax filing. How can I obtain this information?
October 6th, 2024
I am receiving a Minimum Required Distribution (MRD) from a 401(k) at 72 this year for $7,912.68. I am retired and want to know if I can make a charitable contribution of $5,000 to a 501(c)(3) tax-exempt organization without itemizing. The check had to be made out to me. Can I take the $5,000 off on line 5b?
August 4th, 2024
I have a net operating loss (NOL) on my 2019 and 2020 1040 tax returns and need guidance on whether I can carry back my 2019 NOL now even though I filed the 2019 return in April 2020, how to calculate the reduction in the years the loss is carried back to, and whether it is worth it to carry the loss back rather than forward. Additionally, I need to know if my IRA contributions will be affected if I carry back the loss.
April 22nd, 2024