asked
My wife passed away in October. Before her passing, we changed the deed on our rental property to include just me and three children. Do I claim 25% or 100% ownership this year? Before, the property was deeded to my wife and me, joint. Every year we filed jointly. Since IRS rules require I file jointly this year, and since my wife passed late in the year, do I claim 100% ownership of the property (and thus the gain/loss) or does the change in the deed immediately change the percentage I claim?
July 12th, 2023
Does a charitable foundation, bringing used books to food shelters for children and having receipts of less than $5000.00, need to apply for a 501c3 status or a tax ID number to record smaller donations, and can it inform donees that it is considered a 501c3 charity?
May 5th, 2024
I am a CPA in California and need guidance on CA tax law regarding missionaries receiving 1099s from a funding organization in CA. The missionaries work overseas, but CA wants to tax them. Is this an area you cover, and if not, do you know of any other states that might offer similar information?
June 4th, 2023
I want to appeal a Social Security benefit decision for an overpayment. They are taking the whole monthly benefit, leaving me with nothing each month. I want to make payment arrangements so that I can get some benefit each month to live on. What are my options?
May 8th, 2023
I was recently approved for form 4361 and am trying to complete form 1040X but am unsure how to do it. I made $32,493 from my job and $20,337 from my ministry. I initially reported the ministry income as wages, salaries, tips, which increased my AGI and resulted in owing more taxes. Should I amend my tax return to reflect the correct reporting of this income, and if so, how should I proceed?
November 7th, 2023
Can my fiancé, as the non-custodial parent with a court order signed in 2010, claim his child on his taxes if the mother has physical custody in Texas, we reside in California, and the divorce decree was finalized in Virginia?
June 20th, 2024