I never received a stimulus check. Is it because I receive $1,079 a month in disability benefits? I am disabled, have no family, and have been in a mental hospital three times during COVID. How can I check if I am eligible for a stimulus check and how do I claim it if I am?
January 6th, 2023
My brother owns three properties: one personal, one tied to his business, and one a family property with a mortgage in his name and our deceased father's name. He does not live there, two siblings pay 95% of the expenses, and he pays 5%. He has not been claiming the interest. How should he begin doing this? Should he treat it as a rental property, include it under his Schedule A, include it under his Schedule C, or do something else?
April 27th, 2024
I am in the process of a divorce and have been living separately since 2014. I suspect my ex-husband has unpaid taxes, and I want to know how it can impact me. We had been filing joint tax returns from 2002 to 2015. Is it possible to obtain tax return records from the IRS for previous years beyond the typical three-year limit, such as for the years 2007 to 2012? Additionally, how can I confirm if there are any unpaid taxes from our joint returns, and if so, would the IRS have contacted both of us if there were any issues?
December 1st, 2024
If I won money from four jackpots totaling about $13,000 to $14,000, and I wasn't taxed at the moment of payment, will I owe money to the IRS? I am a head of household with two dependents, self-employed earning about $6,000 to $8,000 a year, and this year I will have a W2 for about $3,000. Should I file a tax return, and could I get a refund? Can I use a win-loss statement on my tax return, and what is recommended in my situation?
February 7th, 2024
I am 56 years old and considering early retirement. I need to access additional funds from my pension to cover expenses. Is it possible to withdraw funds from my pension before retirement and replace them back into the pension fund after retirement? Also, what are the annual limits and exemptions for such withdrawals?
September 23rd, 2024
I have a single member LLC and have always claimed mileage on our vehicles. We are buying a new vehicle solely for the LLC. Can we change to using actual costs for this new vehicle while continuing to use mileage for our existing vehicle for the current tax year?
March 2nd, 2024