asked
What other information do you need to determine if I have a domicile in California? I am a merchant seaman who spends half the year working onboard a commercial vessel. My company is headquartered in Florida, and my paychecks come from Florida. I rent a house in California but do not own any property. Is there any type of part-time resident status available that I might legally claim to reduce my state tax bill?
October 7th, 2023
A tax-exempt minister receives a salary on a W-2 with box 1 filled out and also receives a $30,000 housing allowance. What part of the housing allowance can become taxable to income, and does the excess rule for tax-exempt ministers apply the same way?
May 13th, 2024
My child receives pension benefits due to my wife's passing, which are deposited into a UTMA account. I know a tax return is filed for my child because of this unearned income, but does he have to pay tax on the income generated in this UTMA account? If so, would I receive yearly tax forms (1099-B) showing this information?
August 14th, 2023
I received a 1099-B with a loss in box 8 and box 11. Where and how do I report this on my tax return?
July 20th, 2023
I have real estate to sell. I have had to pay surveyors, lawyers, and other expenses in 2017. Are these expenses deductible, and if so, which tax year should I claim the deduction for?
November 12th, 2023
Last two years, I owed $8000 in taxes. I am on a payment arrangement and currently owe $8600 to the IRS. I am completing my taxes this year and owe about the same. Is it better to make a $5000 payment on my back taxes, or to file estimated taxes and send $5000 with this?
January 20th, 2023