asked
If I made a mistake on calculating medical expenses and lost my receipts due to a mold problem, will the examiner still give me credit for the correct figure? Also, do I need to report income from selling household items at a thrift shop if it's under $600 a year?
December 12th, 2023
I'm a Canadian working in California under a TN status. My wife is a Canadian non-resident who will visit occasionally. How should I fill out the W-4 form correctly? Specifically, should I mark myself as 'single' and claim '1' for allowances in 'A' and 'B', '0' in 'C', and can I claim 'head of household' in 'E'?
March 14th, 2024
I recently bought a property in Connecticut and my tax rate is 58.2% of the assessed value. Where can I find information on tax exemptions or deductions that might reduce my tax rate?
October 16th, 2023
I was late in filing my 2017 taxes and owed over $4,000. I received notice that the IRS would collect taxes through seizing my properties, including bank accounts. I mailed $5,100 in addition to $900 sent earlier, but the IRS has not withdrawn the money from my checking account. I fear the IRS is in the process of seizing my properties due to late payment. What should I do now?
December 31st, 2023
If I make an early withdrawal on my 501K, will I pay 20% in taxes and another 10% in fees, and will I have to pay income taxes again on the remaining 80%?
January 22nd, 2024
I received a CP2000 from the IRS stating I did not report all of my income. My 1099-R from 2013 shows in box 1-$14,399, box 2-$4,399, and box 5-$10,000 with a distribution code 4. Is the $4,399 the taxable amount or the whole $14,399? Thank you.
June 22nd, 2023