asked
I have a HECM loan line of credit on my house and need to know what documents to take to my tax preparer. I retired in November, lost my wife in 2016, and am now on Social Security. I also have a W-2 from my former employer. What else should I bring to the tax preparer?
November 26th, 2023
If property taxes due in 2016 were paid late in 2017 in addition to the amounts due in 2017, can those be deducted on Schedule A of 1040 in 2017?
July 10th, 2024
I received a CP2000 notice for my 2016 tax return and paid the amount due. Do I need to amend my tax form in TurboTax, and if so, how do I report the payment on my current tax report? Additionally, my state tax return was donated to a wildlife fund and I did not receive it. How do I deduct that amount from my taxes?
October 5th, 2023
My daughter, who is an American citizen with dual citizenship, moved to Canada in 2009, attended college there, and now works as a teacher. She files taxes as a Canadian resident but has been told she should also file a tax return in the US every year despite having no US income sources. What should she do to comply with US tax laws, especially for the years she did not file?
October 27th, 2024
If someone is a foreign individual who received money through a partnership in the USA and has an ITIN or SSN, does he need to file Form 1042, and what other forms are required for nonresident partners?
January 5th, 2024
I'm retired, 65 years old, and my gross income is $812.82. Do I need to file an income tax return, and if not, how do I handle owing money to first-time homebuyer assistance?
July 26th, 2023