asked
I'm doing a tax return for my mom and noticed there are two Schedule D's. Both show the same long-term losses but different short-term losses by $179.00. Why would that be?
March 22nd, 2024
Can a S Corp owner who takes no W2 wages contribute to an SEP based on 25% of their profit, and if so, how does this affect their net profit and tax deductions?
September 10th, 2023
I opened an HSA account while thinking my parents wouldn't claim me as a dependent for 2022, but they are. I have $700 in the HSA, half from my employer. How can I remedy this situation, and do I need to request an updated W-2?
July 5th, 2024
How do I record in QuickBooks when the owner uses their personal credit card or cash to purchase supplies for the business?
March 10th, 2023
I need help filing my tax return. Is there an IRS location near my zip code 33139 in Miami Beach, Florida, where I can go to sit down with a human being for assistance? I am 79 years old, retired, widowed, and made about $60,000 this year. I have no dependents and last year I spent 7 hours trying to file on TurboTax, which was rejected multiple times.
April 18th, 2023
I am a 17-year-old living in Guatemala, born in the US but moved here at a young age. I don't earn money and have no dependents. I am filling out the FAFSA and they are asking for an IRS income tax return or another tax return. Since we don't live in the US, we don't have a way to file this paper. We selected 'Not going to file' and filled out the rest of the application, but they state that the income amount in my applications surpasses the minimum amount required to file a tax return. The income is earned in Guatemala. What should I do?
July 28th, 2024