I filed an extension for my 2013 tax return but have not filed the actual tax return yet. Do I have until October 15, 2017, to file for a refund, and can I file an NOL carryback claim for 2013 using Form 1045 or Form 1040X?

October 22nd, 2024

I need help filling out the New York State Tax form IT-2104. I am married with two children and a New York City resident. I don't know how to claim allowances for myself, my spouse, and my children on the form. What should my answers be for each line on the form, and will this affect my tax withholding or social security deductions?

June 12th, 2023

I have my parents on SSI living with me. They want to contribute $500/mo to our expenses. We claim them as dependents since we pay for the rental, utilities, provide a vehicle and pay for insurance. They have our other vehicles they can use. We also drive them if needed and provide care at home. How do I rate the vehicles we provide for tax purposes? Monthly rate? Mileage?

February 14th, 2024

My sister and I owned my mother's house, and the deed was transferred for $1. When my mother passed, my sister paid me $80,000 for her portion. Now I am selling the house and planning to buy another property. Do I have to pay capital gains tax since I am buying another property in 2 years, and this property is not my original home but a second home?

May 1st, 2024

I am getting my taxes done for 2016 and my tax preparer wants to prorate expenses for my rental homes based on the number of days they were rented. I don't believe this was done before and I had them for over 10 years. I tried to look it up and it appears he is trying to use the vacation home rental rules. They don't meet the test as I do not stay there over 10% of the time nor 14 days. They are my business (rentals). Is he correct in trying to prorate all my expenses on Schedule E or not?

November 5th, 2024