John F. asked
I am financially desperate for my 2021 tax return, which was mailed in and received by the IRS on March 4th, 2022. I am located in Philadelphia, PA, 76 years old, single, and have an expected return similar to previous years, which always come late. What should I do to expedite the process or check the status of my refund?
August 2nd, 2024
Adam M. answered
The IRS is currently experiencing delays in processing paper returns due to high volume. Here are th...
August 2nd, 2024
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I have a single-member LLC design business in Georgia. I didn't make much in 2021 and have not paid income tax for that year. Can I pay the income tax when I file my joint tax return in October?
December 24th, 2024
For our small family LLC involved in rental property, through a 1031 exchange, we purchased a DST property with a $8,000 purchase credit. How should this credit be treated on our LLC tax return, and where should the cash distributions received from the DST, which do not equal the 1099-Misc rents, be reported on our LLC return and members' K-1s?
January 10th, 2023
I received a letter stating I owe $27,000 in taxes, but I haven't worked in 5 years and live on Social Security. The letter claims I made $101,000. I live in Florida. What should I do?
April 29th, 2023
I am an American living in Norway for over 20 years. I filed my taxes for the last 7 years last year, but did not claim the 2020 stimulus payment of $1,800 in my original filing. I sent a 1040x with the stimulus claim, but received a letter saying I need to fill out column C on the 1040x. Do I need to fill in the entire column C, or only make changes to Item 15 under Payments?
December 10th, 2023
I have incurred a short-term loss of $52,000 and a long-term loss of $41,000 in my stock market investments this year. How can I maximize my tax benefits, and can these losses be deducted from my total earnings or used to offset future gains?
August 16th, 2024
