asked
My father recently passed away and left no will. He had three savings accounts with less than $500,000 in US banks and €100,000 in Ireland. My brother has power of attorney. How can I get the money with the least amount of tax? Also, can several family members claim up to $12,000 without being taxed?
November 1st, 2024
I mailed my tax forms today but forgot to include the payment check. How do I get my check to catch up to my tax statements?
April 8th, 2023
I rent an apartment in Woodbridge, VA and work in DC, but I also bought a home in Charlotte, NC. Where should I have my cars registered, my driver's license, and what state income tax returns should I file? Currently, I file a VA income tax, and my cars and license are registered in VA.
September 29th, 2024
I had my taxes prepared by AARP and the routing number for electronic deposit was incorrect. How do I correct this issue?
September 5th, 2024
Regarding 1099-MISC tax filings, we have several issues: 1) We filed $7,500 in rents in a 2016 1099-MISC form for an individual, but $1,000 was actually for 2015. Should we correct the 2016 form or file a new one for 2015? 2) We filed a 2016 1099-MISC for a second individual, but a $50 rent check was written in 2015 and cashed in 2016. Should it be reported in 2016? 3) When using the cash method, do we count expenses when the check is written or when it's cashed? 4) Can we count rent expenses that occurred before the LLC was formed as startup expenses on the 1099-MISC form? 5) If we need to resubmit corrected 1099-MISC forms, is there a deadline and are there penalties? 6) How do we refile corrected 1099-MISC forms? 7) If we refile two corrected 1099-MISC forms, what should we put in boxes 3 and 5 of the 1096 form?
October 24th, 2024
My husband passed away in 2004. I filed our 2004 taxes as married filing jointly with him as deceased. For 2005, I have income from a CD and a small amount of income he was still owed from his employer on his social security number. We also had a brokerage account I forgot to close or change to my name only, which I didn't do until April 2005. I know I probably will have to file a 1041 on his income alone. But the brokerage account was also under his social security number too. I'm unsure what to do with this income from the brokerage account. Can somebody help me?
July 2nd, 2024