asked
My fiancé took out money to help my business stay open during the pandemic. He cashed out stocks which bumped him up to a higher tax bracket. We tried to set aside enough to cover taxes but last year we were blindsided by a 15k state tax bill. This year we are afraid we will be in the same boat. That would make a 30k tax bill he’s facing even though he was helping me. Besides payment plans, should we have these two years looked at by a CPA to see if we are missing anything? Right now he has been doing them by hand by himself.
April 12th, 2024
I need an interest certificate copy and account balance for my inactive account 002401046526 from ICICI Bank. I am late for tax filing and need this information for the government. I have tried contacting the bank but the provided phone number keeps cutting off. What should I do?
January 15th, 2023
Can the depreciation of a vehicle purchased after the creation of a C Corp, but titled under the taxpayer's personal name and used for business purposes, be claimed on the Schedule C for personal income tax, even though the vehicle is not under the company's name?
July 26th, 2023
I sold a rental house after 6 years of ownership, rented the entire 6 years. Where do I report this sale in TurboTax, and how does it handle the calculation of the gain components?
December 14th, 2023
Do I file my mobile home on my taxes if it's not fixed to real property, bought with cash, and located on leased land in Florida? I bought it with a partner and have an LLC. Should we file separately or together, and can I still claim expenses like property taxes on Schedule A?
February 17th, 2023
I filed my 2019 taxes in March and have not received my refund as of July. I refiled my amended tax return in July 2021 and still have not received my refund. What should I do to check the status of my 2020 tax refund and why do I have to pay again when I did not get any results the first time?
June 22nd, 2024