Regarding Internal Revenue Code Section 196(b), if an individual taxpayer dies and there are unused credits from qualified business credits, can these credits be claimed as a deduction instead of a credit on the joint tax return, and if so, how should they be allocated between the surviving spouse and the deceased?
June 27th, 2024
My small grassroots group received a 1099-MISC form and I don't know how to file it or if we should have even gotten it. We qualify for automatic tax-exempt status and may become a 501(c)(3) in the future. I tried to file a 990-N postcard but the system didn't recognize our EIN. I looked at the 990 form and don't know how to fill it out because we don't have most of the information it asks for. The 1099-MISC was for a donation, not compensation. Will filing a 990-EZ form force us to pursue 501(c)(3) status if we're not ready?
October 23rd, 2023
I am the legal guardian (custodial parent) of my daughter and son. My children's father and I live together and are both eligible to claim the children. I agreed to let him claim the children. If he does not claim the earned income credit for the kids, can I claim the earned income credit even though he is going to claim the kids as dependents, get the child dependent care credit, child tax credit, and additional child tax credit, and file as head of household? We were never married.
June 24th, 2023
Who can file income tax?
August 2nd, 2023
My husband and I are trying to file married separate returns. He lived 8.5 months in CA and then moved to MA to work. I work and live in VA with our kids. VA is our home and is where we own a house. Since he is a part-year resident of CA, shall we consider our combined incomes on his tax form? What about mine? My state is not a community state, can I only declare my income on my federal tax form? Thanks.
July 17th, 2023
How much do I owe the federal government, and will I receive a refund if I don't owe anything for the next tax return?
April 23rd, 2024