asked
If I bought $1000 worth of Bitcoin a few months ago, and it is now worth $3000, and I donate the Bitcoin directly to a charity without redeeming it for cash first, do I owe taxes on the $2000 in capital gains (assuming I take the standard deduction and don't itemize donations)? Does it matter if the Bitcoin is held for less than 12 months (short term) or more than 12 months (long term) for tax purposes?
August 17th, 2024
I need to find out if I was claimed as a dependent last year. I don't have an income, and my sister used to claim me as a disabled dependent, but I moved and she was no longer supposed to. I should have received a stimulus payment, but when I check, it says they don't have enough info or I'm not eligible.
February 21st, 2023
I am a CPA and I would like to contact the IRS to ask why a client of mine received a refund. Would the appropriate form that I would need the client to sign and for me to fax to the IRS be form 2848 Power of Attorney?
January 10th, 2024
I prematurely withdrew from my traditional IRA and transferred the money into my checking account a week ago. Can I transfer/deposit the money back into my IRA account to avoid the penalty for premature withdrawal?
September 12th, 2024
I filed my tax return in the first week of July and made a mistake, leading to a request for clarification. I responded via FAX over two months ago but still haven't received my refund of $187.82. I live in Apopka, FL, file as Single, and my total income before deductions is $35,792. What is causing the delay and what can I do to expedite my refund?
June 16th, 2024
Is there a way to claim exemption from income tax withholdings on Alabama's A4 form, and if so, how does it affect the income tax liability for someone earning less than $12,400 in the state of Alabama?
December 19th, 2024