If I won money from four jackpots totaling about $13,000 to $14,000, and I wasn't taxed at the moment of payment, will I owe money to the IRS? I am a head of household with two dependents, self-employed earning about $6,000 to $8,000 a year, and this year I will have a W2 for about $3,000. Should I file a tax return, and could I get a refund? Can I use a win-loss statement on my tax return, and what is recommended in my situation?
February 7th, 2024
I am 56 years old and considering early retirement. I need to access additional funds from my pension to cover expenses. Is it possible to withdraw funds from my pension before retirement and replace them back into the pension fund after retirement? Also, what are the annual limits and exemptions for such withdrawals?
September 23rd, 2024
I have a single member LLC and have always claimed mileage on our vehicles. We are buying a new vehicle solely for the LLC. Can we change to using actual costs for this new vehicle while continuing to use mileage for our existing vehicle for the current tax year?
March 2nd, 2024
How much income taxes do I still owe for the 2019 tax year?
May 20th, 2023
If my father in my home country (Non-EU) sends me money to my bank account through his company account, does it still count as a gift because the company is in his name?
August 20th, 2023
I need to get a linking code as I haven’t done any tax since 2017/2018 because I have been on Centrelink jobseeker. I now have a casual job and sometimes still get jobseeker. I was unemployed from November 2017 until September 2021. I am in Queensland and my primary sources of income are jobseeker and payment from a childcare centre. What else should the accountant know before I connect with them?
January 25th, 2024