asked
My daughter (52 yrs old) received notice from an employer from 20 years ago that she needs to file a 1099 because she failed to claim 2 bonus checks from 20 years ago and pay the tax. The employer is closing shop and has his accountant looking into his tax records to be able to claim all deductions to lessen his tax burden. If she does not file and claim a tax of 20+ years ago, will the IRS come looking for her once he (employer) files his paperwork with the IRS? If for some reason, she decides to pay the tax, will there likely be penalties, etc for not filing 20 years ago?
October 31st, 2023
My mom is in the hospital with cancer. She made me her power of attorney (POA), but she requires a specific capacity assessor to evaluate her, which hasn't happened yet. The hospital has given me a note stating I'm the financial POA. How do we handle taxes for the Canada Revenue Agency (CRA) in Ontario Canada? I was told there's a form for people like her who are not totally incapacitated but unable to file taxes. If I'm POA, am I liable if the taxes are not filed for her?
December 4th, 2024
How do I report my eBay and postmark sales as income for tax purposes, and how should I handle a payment received in 2023 for services performed in 2022? Additionally, how does claiming the Child and Dependent Care Tax Credit work, especially if the babysitter is under 18?
February 22nd, 2023
I want to report someone who filed taxes for 2022-2023 and has a business they didn’t report while filing. How can I report this tax fraud?
January 6th, 2024
My accounts were charged for my taxes twice. I am 81 years old, have no dependents, made $64,312.00 this year with a standard deduction of $14,700, resulting in taxable income of $49,612. My debit card was charged $3,679.00 and my credit card was also charged $3,679.00, leading to a double charge.
March 28th, 2024
Hello, do you assist in filing IRS 941 form for a company in Delaware? The company name is Remotals Inc. It was established at the end of 2022, has no income, and no employees are registered. Are there any other reports needed for such a company in Delaware?
September 17th, 2024