asked
Last year, the IRS took $2,100 for 2016 unpaid taxes that were not paid by my ex-husband because we filed for joint taxes at the time. He does not want to pay me at least half. The IRS took the money from my account because he didn't have any money, but I did. Can I file a claim to get either the full or half of the amount from him?
August 2nd, 2023
Can I include my production time, which I worked on a voluntary basis for one client, in the Cost of Goods Sold (COGS) on Schedule C, given that my work results in a produced audio file and there is no tangible product?
June 26th, 2024
Someone lied on their tax returns and claimed my two sons, who I am the primary caregiver for. I am located in Indiana, 33 years old, made approximately $26,000 this year, and filed as head of household. How can I take legal action against this person and ensure I can claim my sons on my tax return?
November 10th, 2024
If my 16-year-old child earned $13,000 in 2022, can she claim herself as a dependent on her own taxes and receive the child tax credit if nobody else claims her?
April 14th, 2023
I have a Single Member LLC that I just requested to be taxed as an S-Corp. I am looking to take advantage of Section 179 and/or Bonus Depreciation for a vehicle that I will purchase this year (2023) and use for the company. The vehicle will be an SUV at or above the 6,000 lb. requirements. My questions are: 1. Must the vehicle be purchased, not leased? 2. Does the vehicle title, financing, etc., have to be in the LLC name, or can it be purchased personally by the single member of the LLC? 3. For 2023, Bonus Depreciation is reduced to 80%. Is there a way to increase this to 100% by leveraging both Section 179 and Bonus Depreciation? 4. Business use will be at least 85%-90%. How can I maximize the deduction?
October 21st, 2024
As a U.S. citizen, how much can I inherit from my parent (a green card holder who passed away outside the U.S.) without paying taxes on a U.S. real estate property in Florida?
April 8th, 2023