asked
My daughter has 2 children and is collecting SSI. She lives with the children's father, who has never claimed her when filing taxes. They are not married, and he doesn't contribute much to household expenses. He owes child support from a previous marriage and changes jobs frequently. Last year, he filed taxes with only one child from my daughter, and the IRS applied his refund towards his back child support. My daughter wants to leave this relationship but needs the income from the tax return to set up a home for her children. She did not work or go to school last year and cannot receive the refund. Can I (the maternal grandmother and my husband) file and claim the children legally?
April 27th, 2023
What should I do to receive my social security check for last November that I haven't received despite visiting the S.S. office multiple times?
November 20th, 2024
As a 23-year-old college senior claimed on parents' tax return, I received a merit-based scholarship that did not specify its tax status or that it must be used for tuition and fees. The scholarship uses the term 'cash award' and requires me to meet university obligations before any extra cash is disbursed. I am unsure if this scholarship should be counted as income and if my parents can claim the related expenses. What specific IRS code section deals with this issue?
October 3rd, 2024
Do I need to file a 1041 with all zeros and submit a 1040 for 2018, or omit the 1041 for this year, given that I have a fiscal tax year from the date of death till September 30, 2019?
November 14th, 2023
Do I have to pay taxes on the sale of a house that I inherited in 2012 for $80,000? My sister received a tax form for the sale for $72,000 that we split, and her accountant is saying she owes taxes on the proceeds as income.
February 29th, 2024
As a sole owner of an LLC, do I need to file a W2 during tax time? Am I considered an employee of the LLC? If I'm a disregarded entity, what do I file at tax time? Do I need a separate business checking account? How do I pay myself? Do I need to make estimated tax payments every quarter?
February 8th, 2024