asked
If my dependents don't have social security, just a tax ID, and don't have health insurance, do they still have to pay a penalty?
February 19th, 2023
How much taxes do I have to pay on $603,000 from selling my deceased parent's home in California, and how should the money be divided among my siblings after paying probate?
November 24th, 2024
Instructions for IRS Form 5695 say to include any labor costs properly allocable to onsite preparation. My solar company informed me that my 23-year-old roof must be replaced prior to installation of solar panels. Are the labor costs for roof replacement properly allocable to onsite preparation of the residential energy efficient property?
February 22nd, 2023
When changing the filing status from Married Filing Jointly (MFJ) to Married Filing Separately (MFS) on Form 1040X, is it necessary to file two separate 1040X forms, or should only one spouse amend the original return while the other files a new tax return as MFS?
September 21st, 2024
My wife switched jobs in 2018. The job she left had a retirement plan, but the new job did not offer one until 2019. Since she did not have a retirement plan through her employer for half of the year, can we still contribute to her Traditional IRA for 2018? Additionally, I work for a company based in California but am a Washington state employee. I travel to California for three days a month. Do I need to file a California state tax form for the days I worked in California?
August 17th, 2024
For Form 3520, I need to enter more lines than the 3 given in the list in section IV, line 54. Since the last line requires a total, should I fill in the first 3 lines and include the total, and put the rest of the lines on an attached statement, or should I just put 'See attached statement' in the list and only put in the total on the form, with the attached statement having a similar list with all the line items and the total?
March 22nd, 2024