asked
I filed an extension on my 2019 tax return and had marketplace insurance for the first time. I did not receive a 1095a for the year and failed to file 8962. The IRS requested a copy of 1095a and 8962. My 20-year-old daughter, who was a full-time student and our dependent, finished college and got a job during the year. She filed her own tax return in 2019 but is listed on the 1095a for the whole year. How should we handle this situation, and what steps should we take to resolve it?
June 1st, 2023
Will my investors need to pay taxes on the funds they're contributing to the investment club, and can they write off their investment from their personal income tax?
May 5th, 2024
I have always filed my tax returns using TurboTax. However, starting around 2018, I failed to file my tax returns and want to correct this. How can I file these late returns using TurboTax?
September 8th, 2023
Should I pay myself a salary in the first year of my S corporation even though the business will not have an income? Also, are my startup costs and equipment purchases capitalized or deducted, and how do I find more information on this?
June 2nd, 2023
My husband and I have not received our third stimulus payment. We are located in Delavan, Wisconsin, and are both 55 years old. Can you help us understand why we haven't received it and when we might expect it?
November 27th, 2023
An IRA of a deceased owner, who had not taken RMD in 2021 prior to death, has 5 non-spouse beneficiaries, one of whom is within 10 years of the owner's age. The beneficiaries need to know: 1. If each beneficiary has to take an RMD this year, and if so, do they each have to take 20% of the original owner's RMD? 2. Is the older beneficiary handled differently? 3. If the IRA is set up as individual Beneficiary IRAs under the beneficiaries' names, will it not count as a distribution by the IRS, or does it need to be titled "[deceased], deceased, FBO [beneficiary]" to avoid being considered a full distribution?
February 27th, 2023