asked
My CPA forgot to file my state taxes for California and Indiana. My federal taxes were filed before the deadline and I received the returns. I will be getting a refund for my California state tax and owe $19 to Indiana. I plan to file them on Monday. Would this be an issue from my immigration standpoint as I'm on an H1B visa? Should I file for an extension, and is it true that missing the state tax deadline automatically extends the filing period for both states?
January 26th, 2023
I have an existing IRS tax lien and am in the process of buying a home with a land contract in Michigan. I owe $30k in back taxes, am on uncollectible status, and the SOL on my IRS debt runs out in 3 years. Will the IRS be notified of the land contract, and if so, can they take any action regarding it?
August 31st, 2024
I recently received a return where the IRS garnished it. However, they also held my 2016 return and never credited it or addressed it. I was hoping to recover it since I'm paid in full and owe no tax obligation. How can I get the funds from 2016 back?
December 9th, 2023
I have a full-time job in rural Western New York, but I own two rental properties in Illinois and travel there nearly every weekend to manage them. Are my travel expenses (flights, hotels, food, etc.) to Illinois deductible, and is there a limit on the amount I can deduct? For example, if I use a NetJets card for flights, can I deduct the value of each flight?
November 30th, 2023
I spent $16,000 to repair a backhoe for an excavation business. It took so long to fix that I wasn't able to make any money with it. Can I still write off repairs under a Schedule C?
October 14th, 2023
We have 30+ employees and offer full-time employees health insurance. A single employee close to 65 wants to continue working but sign up for Medicare and drop employer insurance. They want the company to reimburse them for their out-of-pocket Medicare expenses. What is the best way to handle this?
October 15th, 2024