asked
My husband passed away in 2017. We are just getting around to filing our 2016-2017 taxes. In 2016, he rented his truck out and received a 1099-Misc with $13,600 in box 1 for rent. The rest of our income for the year was $1,500 I received from SSA and $7,000 taxable income he received from cashing out a life insurance policy (1099-R). Because of this, we owe $0 income tax but $1800 is Self-Employment taxes. Can I file as married filing separate that year to avoid these taxes with him being dead? I only make $15,000 a year from SSA and almost $2,000 seem unreasonable when I wasn't self-employed.
October 28th, 2023
If I am offered a position as an employee instead of a consultant, and my compensation is reduced from $65 per hour to $45, how do I determine if this is a fair decrease, considering that my employer will now pay half of the social security and Medicare taxes?
April 26th, 2023
I sent a check to the VA Dept of Taxation, made out to the US Treasury, which the VDT cashed. How could they do that? I want to know if the check will be credited to our VDT bill.
August 9th, 2024
I just closed on the sale of a property that was not my primary residence. The closer asked if it was my primary residence for the 1099 report. I told her no, but now I'm unsure if I made a mistake. Additionally, could I deduct attorney fees I spent defending my investment, and would I be able to deduct the interest, insurance, and taxes I paid for the last year as a rental, even though I didn't report it as one?
November 30th, 2024
If I live in Minnesota and work in South Dakota, do I have to pay South Dakota state tax or Minnesota state tax?
May 10th, 2024
I am 78.5 years old and need to change the direct deposit information for my Social Security payments from my old OnPoint Credit Union account to a new checking account. Can this be done online, and what are the steps to do so?
March 4th, 2023