asked
I bought a preowned car and was charged over $3000 in taxes for optional items that were said to be included. They offered a credit deduction but did not include deducting the tax. I decided to buy a 2020 car because no new ones were available, but they now say they can get me the new one I originally wanted. I feel they should credit the tax amount as well because I will return the 2020 car as soon as I get the new one, and the new buyer would also pay tax on the same car. I will be paying tax on the new car, which will also be over $3000. Should they not be deducting the tax I paid since the car will go for resale again?
July 6th, 2023
I filed my 2020 tax return on 4/07/2021 through an income tax service, but I haven't received the refund yet. I checked irs.gov/refund and they have no record of me filing. What should I do?
May 6th, 2024
I have a client who rents a duplex that burned down. The tax basis was $40,000, and the insurance paid out $300,000, which was used to rebuild the property with an additional $20,000 out of pocket. How can we defer this gain on the insurance proceeds, and what should be shown on the tax return to save the most money?
March 27th, 2024
I haven't received my refund yet. I filed in May using Turbo Tax and am due a refund of $318. What should I do to track or expedite my refund?
October 7th, 2024
I have a 16-year-old grandson who turned 17 by the end of the year. I didn't claim him on my taxes. Is it possible to get the child tax credit for him since I normally care for him? He is still in school and going to the 11th grade.
December 28th, 2024
Why haven't I received my refund yet, even though I filed in April? I am located in Missouri.
March 16th, 2024