asked
If I elect to be treated as a full-year US resident for tax purposes in 2023 to file jointly with my US citizen wife and take the standard deduction, can I still be treated as a bona fide resident of the UK for the period prior to moving to the US, and claim the foreign earned income exclusion if I meet the bona fide residency requirements?
July 15th, 2023
Can the IRS provide gift tax returns (Form 709) filed in earlier years?
July 4th, 2024
My husband and I moved to Mississippi but still work in Tennessee. His employer required him to fill out a W4 for Mississippi tax withholdings, while my employer does not handle Mississippi tax withholdings. Our tax lady said we don't need to pay Mississippi state tax on income made in Tennessee, but his W2 shows $29k of income as Mississippi, even though he works only in Tennessee. Is his employer wrong for showing Mississippi income, or was our tax lady incorrect in saying we don't owe Mississippi state tax on Tennessee income? Should we make a Mississippi tax account and pay tax even though we work in Tennessee?
November 4th, 2023
A couple is caring for the wife's terminally ill mother on hospice, who lives with them. They want to know if they can claim any medical expenses not reimbursed by insurance, if room and board and additional utilities are deductible, and if there is any credit for the wife leaving her job to be a full-time caregiver.
April 10th, 2024
I am trying to understand my tax situation. My tax transcript shows a tax return of $2400, an account balance of -$2400, and W-2 withholdings of -$4800. I am located in Indiana, 38 years old, married with two children, and made approximately $83k this year. What does this mean for my tax liability?
December 5th, 2023
I retired in May 2024 at 70 years old. I'm drawing my Social Security benefits and a pension paid monthly. I received my W-2 from my job. What else can I expect to receive? I heard about a 1099. This is a first for me.
September 26th, 2023