asked
My son worked for the first time this summer and made $4000. He also received $21000 in scholarships and grants, with almost $10000 going towards tuition. In the past, he has not worked and I counted him as a dependent, with the scholarships and grants going on my taxes. Does he have to file taxes this year, and if so, does that mean I do not need to use him as a dependent on my taxes for 2018?
July 16th, 2024
Filing my taxes four years late, need to know what will happen legally? I have a W2 for 2014 and 2015 and 1099 for 2016 and 2017. Will I be arrested after I file?
June 8th, 2023
I claimed my son as a dependent when I shouldn't have because I claimed him last year and his mom and I take turns. What should I do now?
May 24th, 2024
My husband and I formed a 2-partner LLC in New Jersey to vend an energy product. What forms does an LLC have to file?
October 18th, 2023
I am on short-term disability and will go on long-term disability in May. I need to know how much tax to take out of my LTD payments of $1247.40.
November 9th, 2023
I have an HSA through HealthEquity Corporate that was set up for medical expenses for my wife and I when I retired last June. My employer deposited $7,900 into this account last spring, as I was told that was the pre-tax max that could be deposited. As of Dec. 31, 2018, our balance after paying some medical expenses was $7,286.28. When working on my taxes through Turbo Tax, this notice came up: 'It looks like Timothy has an excess contribution of $7,900. This amount is being taxed an extra 6%. But, anything withdrawn between January 1 and April 15, 2019 avoids this additional tax.' Why am I getting this message from Turbo Tax, and how do I handle this situation?
July 23rd, 2024