Can I qualify for Earned Income Credit if my income is from self-employment? I will be getting a 1099 from one client and the other client doesn't want to give one. What is the maximum and minimum income to qualify for someone claiming single or head of household with a 22-year-old son who was a full-time student in 2019? What income will get the max EIC? Is there a chart? Do I get more if I earned more toward the high limit?

July 11th, 2024

I'm setting up a special needs trust and need a TIN from the IRS. My mailing address is a PO Box and I don't receive mail at my physical address. What address do I use if the IRS website doesn't allow PO boxes? Additionally, when setting up the trust, the IRS is asking for the date the trust was funded, but I can't deposit the check until I have the TIN. What date should I use for the trust funding? Lastly, what month should I put as the closing month of the accounting year if the trust was established in September?

March 6th, 2023

My ex-husband claimed our daughter as a dependent this year by mistake, even though the divorce decree states I have the right to claim her. He said he is waiting to file an amended return. How long does he have to wait before he can file the amended return, and what should I do in the meantime?

March 14th, 2024

How does the $7500 electric car rebate work and can I still use other tax credits and deductions such as child tax credits, mortgage interest deductions, and student loan interest deductions?

August 25th, 2024

I’m an American living in Tokyo for 2 years. My parents want to gift me $6000 into my rolling IRA this year. They are worried about the need for me to file taxes in America. I am protected from double taxation because of the treaty with Japan and America. I’ll be doing my taxes in Japan. Questions: Do I need to prove I earned at least $6000 to the USA gov if they gift it into my rolling IRA? If so, what form? Is there anything else I need to be doing with my taxes for this? Will the American govt accept my income slip in Japanese? Should I be filing a tax exemption form every year while working in Japan? I was told before not to file anything in America if I don’t make enough to pay taxes (except once every 3 years). Which I don’t make enough to owe tax.

August 16th, 2024