Where is my 2020 tax refund? I filed using TurboTax in 2020 and have not been able to access my account online.

March 24th, 2023

How should I report a Form 5498 with Box 9 showing SIMPLE contributions of $21K, along with other forms like W-2 and 1099-R, in Ultra Tax for a 2021 return? Specifically, where should the SIMPLE IRA contribution be reported, and does it relate to the W-2 Code 12a S?

September 13th, 2023

I am about to take over the presidency of a tax-exempt organization in New York. I need to know what financial records must be made public to our general membership. I want to disclose all our financial information, but I am being told that this is not appropriate. Please advise.

November 18th, 2024

I have a Percentage Allocation Money Management (PAMM) FOREX account where the master trader, who is not a US citizen, takes 40% of the profit minus brokerage commission fees, leaving me with about 55% of the profit. The forex brokerage is based out of Saint Vincent and Grenadines, and I will not receive any IRS forms like 1099-B. As a US citizen, what is my tax liability, and how should I report the profits from this account?

June 6th, 2023

I only have SSA as my income and have inherited an IRA, ~$52,000, from my mother who passed away in Dec/22. I am 67 years old, single, and have no dependents. My typical filing status is single, and I made about $26,000 this year. How should I handle the IRA, and what is the best way to determine the approximate amount of tax I will owe on the inherited IRA?

August 22nd, 2023