asked
I need to find my adjusted gross income (AGI) for 2022, but I don’t have a copy of last year’s tax return. I obtained a tax return transcript from the IRS, but I can’t find the AGI on it. How can I locate my AGI for 2022?
December 3rd, 2023
When converting my personal residence to a business property, should I use the basis of the house as the current fair market value or the original purchase price, whichever is lower?
July 13th, 2024
How does 1099 income affect tax rates, refund amounts, and amended returns, and what deductions can be claimed for independent contractor work?
December 7th, 2024
If a trust did not send out a 1099 by January 31st, and then issues an estimated 1099 before the end of February, followed by a corrected 1099 within 30 days after the original due date, and potentially a second corrected 1099 later, what are the penalties for each scenario?
February 11th, 2024
I rented out a bedroom last year for 6 months, earning $3,000. Do I need to pay taxes on this income in Minnesota, and if so, how much would I owe?
July 24th, 2023
My daughter went to college in a different state and we provided her insurance through our marketplace plan. She graduated in May and immediately went full-time at a company in the area where she graduated. We provided insurance until her company insurance kicked in. Now she was not a dependent for more than six months. We are afraid if we don't claim her on our taxes, we will have to pay back marketplace subsidy. Can my daughter claim herself as a dependent for her tax return or do we have to claim her because we received marketplace subsidies based on her being our dependent?
October 6th, 2023