asked
I retired as an attorney in 2019. In 2021, I will receive a large referral fee on a case I referred to a California law firm in 2018. I do not believe I should pay self-employment tax on this fee, but will report it as income. Your thoughts on the self-employment tax? I live in Colorado and keep my law license active in California just in case.
July 23rd, 2024
I never received the second Economic Impact Payment (EIP). I am 74 years old, located in Pennsylvania, and have one dependent (my wife). My typical filing status is under $20,000. How can I claim the missing EIP?
October 28th, 2024
I have not been successful in contacting the IRS to verify my identity due to receiving a 5071C letter. I was given 30 days to provide them with this information, and I now have less than 20 days. I tried every means to contact them, but I don't want to lose my refund. Can you help me reach them to verify my identity?
March 29th, 2024
My oldest daughter was claimed by my aunt because she lived with her for a year while attending school. Now that my daughter is living with me, will I be entitled to the child tax credit, or will it go to my aunt?
April 29th, 2023
I am a 24-year-old recently divorced individual from California, typically filing jointly but now filing single for the first time in five years, with an annual income of roughly $47k. I am considering filing an extension for my 2020 taxes using Form 4868 until October 2021. If I file the extension and all previous year's outstanding balances have been paid, will I accrue any late fees or penalties from now until October 2021?
August 17th, 2024
I have a mortgage on my farm from a co-op and receive a patronage dividend at the end of the year. Is this dividend taxable, and can I deduct it from the interest paid on the mortgage?
June 1st, 2024