asked
I have a client who received a 1099-Misc for a real estate court settlement. The settlement amount was a return of money paid to the builder plus interest. The client believes this amount is not taxable, but the 1099-Misc shows it as income in box 3. How can I exclude this amount from income on the tax return, and what forms or explanations are necessary to support this exclusion?
July 15th, 2024
I've opened a new account and need to transfer my benefits to the new account. I have direct deposit. How can I update my direct deposit information with Social Security, and is there any recent change in my account or direct deposit method?
March 28th, 2024
If I receive a gift of $120,000 from family, do I have to report it on my taxes?
April 30th, 2024
Employer incorrectly withheld health contributions after tax for half the year. This was corrected, but now only a portion of contributions made are being reflected on W2's. How can this issue be corrected so that all contributions are accounted for?
April 10th, 2023
Did my e-file go through for 2022?
October 26th, 2024
My husband passed away in January 2022. I received the funds from his life insurance policy. Where do I claim that income, and what is my typical filing status for tax purposes?
June 22nd, 2023