When claiming Educational Credits, how should I handle discrepancies between the amount billed on a 1098T form and the actual amount paid, especially when payments are made by a bank on my behalf and there are refunds involved?

April 7th, 2023

Can an individual (who is not a farmer) use income averaging on his individual return when his S-Corp has had a big increase in profit?

January 29th, 2024

Are donations to a Sunday School Class of a church deductible as a charitable contribution? The Sunday School Class manages its own funds, and the church does not report the contributions as contributions to the church itself. The class funds are used for charitable donations to other charitable organizations and for other charitable purposes throughout the year.

February 17th, 2024

Can I deduct bank fees, and can I offset interest income against bank account fees?

October 2nd, 2023

My refund was prepared by Liberty Tax Service and set up on a Net Spend card, but I never received it. Net Spend sent me a check, but no one would cash it. What should I do?

April 30th, 2024