asked
I noticed that my accountant used a foreign tax credit carry forward from 2013 and 2014 in 2016, even though I had no foreign income that year. Now, I'm preparing my tax return using TurboTax and I have no foreign income in 2017 either. Can I utilize any of the foreign tax credit carry forward from 2013 and 2014, and did the accountant make a mistake in taking a credit in 2016?
June 24th, 2023
Do I have to pay for my Annual LLC Tax if I just opened up my LLC (FTB-3522) in California, and what are the correct dates for the period beginning and ending?
March 15th, 2023
I inherited a cottage 4 years ago, worth $225,000, and rent it out for a net profit of $6,000. If I sell it, how will depreciation work, and how much could capital gains be reduced for each year I hold onto the property?
June 5th, 2023
What questions should I ask of a company that is looking for me to invest $100K in their business?
January 14th, 2024
Is a $10,000 settlement from cancer insurance taxable on my income tax?
August 18th, 2023
I am trying to determine if our health care premiums are taken out pre or post taxes. The gross amount on my husband's 1099-R is roughly the same as the taxable amount ($300 difference, as opposed to the $15,000 or so that we paid in premiums). His retirement is from Calpers, but they said they cannot answer the question. We itemize, but I am not certain about the pre/post payment. Additionally, I pay an out-of-pocket Long Term Disability premium once a year. My LTD provider said they are not a qualified plan. I see where there is a place for this deduction on the schedule A.
July 30th, 2024