asked
My husband and I only have our Social Security income, totaling $20,400 per year. We also make and sell cutting boards at markets. If we receive a 1099 from a customer, how much can it be for before we have to report it?
December 29th, 2023
Can a police officer deduct meals while on duty?
January 5th, 2023
Received a 1099-DIV box 1a filled out in the amount of $134,000 with nothing else filled out in the other boxes. Added this to my return and it increased my total income to $189,000. Does this seem right? This 1099-DIV was issued from a company I hold shares in and some assets were sold. The C-Corp was not sold. The Accountant for the C-Corp issued all shareholders a DIV. Is there any way to reduce the tax liability on that additional Total Ordinary Dividends?
January 30th, 2024
I made some wrong data in Form 2555, which affects my tax return. A 6-digit number was found in line 20a, which should be zero. How should I correct these errors and what explanation should I provide to the IRS?
April 25th, 2024
I have $120,000 in my 401k, and I already paid state tax through payroll deductions on $80,000. I withdrew $7000 from the 401K. Do I owe state tax since I already paid state taxes on $80,000 of the $120,000 in Pennsylvania?
July 7th, 2024
I need the addresses for mailing federal tax forms in Alabama. I require both addresses for submitting a check and for receiving a refund.
June 17th, 2023