asked
I have a dependent who is 18 years old and we claim on our taxes. He received a 1099-INT (<$1050) and a 1099-Q (all used for education expenses). Does he need to file a separate tax form? And since the entity reported the 1099-Q to the IRS, do we need to also file it on our taxes?
July 27th, 2024
Is there any form or paperwork needed to be submitted to the IRS to declare money sent to the US by family in India?
January 25th, 2023
I was about to finish my tax files when I lost my file. I can't find it. Can you please help me? My computer is a Gateway and several years old but has been kept in very good condition. I have never had a problem like this. The file was just not available when I wanted it. Is there a way they can look and find my file? I have been working on it for about two weeks and was ready to finish, but I can't.
December 3rd, 2023
I sold my home and bought another, but the IRS is saying I owe tax on the full sales amount. Is that correct? I made a mistake and failed to record the sale of my home in my 2016 taxes. They said I owe taxes on the full amount, but I had to pay off equity and bought a new home. So that does not seem right.
June 22nd, 2023
My friend's family in India would like to send $50k-$60k to her account. Is it possible for them to send through a bank, does she need to pay any taxes for it, and is there any paperwork involved to declare this amount?
April 10th, 2024
I make oil royalties off of property in Oklahoma, but I reside in California and do not spend any time in Oklahoma. Am I required to pay income taxes in both Oklahoma and California for oil royalties, and is this considered double taxation?
October 20th, 2024