asked
We renovated our home last year and could not locate our tax returns for 2017, which prevented us from filing our 2018 return. We did not file for an extension. Will there be a penalty for not asking for an extension, and can we get a copy of our 2017 submission to use for our 2018 return and to prepare for our 2019 taxes?
August 22nd, 2023
I withdrew $36,328.01 from my IRA and deposited the full amount into a savings account. I am 54 years old. How much tax and penalty will I have to pay for the 2019 tax year?
October 28th, 2023
I have been making payments on a house for the last few years at $400 a month. We made payments on the taxes on the house and are at our 47th payment of the house. Now, the owner says we owe him more. What can I do?
July 19th, 2023
For the past 2 or 3 years, I have received a 1099-misc form for income from board work in a micro-cap, employee-owned company, paid in illiquid penny-stock shares that cannot be sold due to the company's financial difficulties. Is there any mechanism to defer declaring this income, such as marking the year-end value of the stock to zero due to its illiquidity, even though it theoretically has value?
January 3rd, 2023
I spent $25,000 on establishing a business in 2017 and 2018, primarily on travel and entertainment, but have not received any income yet. Can I deduct these costs on Schedule C in 2017?
January 23rd, 2024
How much can my 14-year-old stepson earn from working before he would owe taxes or be required to file a tax return, given that he receives $228 a month from his mother's disability benefits and we claim him as a dependent?
December 7th, 2024