asked
If someone sold a single family rental property in 2018, what opportunities in opportunity zones are there, what needs to be done to defer the capital gains tax and until what date does the person have to invest in one of these zones?
August 28th, 2024
Does the IRS send 1040 letters to the same person from different locations, and what do the CP504 and LTR2626C notices indicate?
December 8th, 2023
I originally sent in my tax return electronically on March 27th, 2007 for both my wife and I. We were told we would first get our return by April 10th, 2007, but then received a message 1301 and a letter 12C requesting additional information. I provided the requested information on April 24th, and now I am getting code 1481. What does this code mean, and do you think they are going to hold her return up again? I have never heard of a return being received on a Tuesday.
August 9th, 2024
I received 16 payments last year over $20,000 through PayPal. I don't think I meet the IRS reporting requirements, but I want to know the reporting requirements for states like Oklahoma and California. Additionally, I am a Canadian citizen living in Canada and was using a friend's address in Massachusetts for my PayPal account. How does this affect my 1099-K reporting, and what should I do if I need to update my information?
March 24th, 2023
What is the IRS taking out of my federal tax check?
January 19th, 2024
If my husband does not have a job, can I add him as a dependent? For the IT-2104 form, do I qualify for earned income credit? How does adding dependents on my state and NYC W4 form affect my future social security retirement benefits when I turn 65? What is the difference between getting a refund at the end of the year and getting less taxes withheld from NYC and the state? If any individual can add any number of dependents to their W4 and state form to get less tax withheld from their paycheck, what is the maximum limit of how many dependents they can add?
May 19th, 2024