Jared B. asked
With all the COVID-19 going around, how long does it take for an IRS return to come back, both via email and snail mail?
September 12th, 2024
Mark D. answered
Most tax returns are processed by the IRS within three weeks. To check the status of your tax return...
September 12th, 2024
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I need to find out about my federal refund and child tax relief that I never received. I filed my taxes last year but was unsure how to file this time. I sent in my tax form but it was not filled out completely. I am unable to access my account online and am unsure if the IRS received my tax form.
July 10th, 2024
I did not receive my 2021 federal income tax rebate. I filled out my taxes on April 20, 2022, and they were submitted electronically by my accountant. I am located in Linden, NJ, aged 66, married filing jointly, and have only my wife as a dependent. What should I do to track or resolve this issue?
January 8th, 2024
I am the owner of an S-corp and have tax questions. I understand I have to pay myself a salary through W2, but the business is not making any profit right now. Is it okay to not give myself a salary for the first couple of months until I make a profit? Also, I am using Square as my point of sale, which generates 1099 forms. Where does that fit in for the S corp during tax time? As of now, the Square point of sale amount is very low and going to business expenses, not my income. Additionally, when I do start paying myself, how often and what percentage is recommended?
April 9th, 2024
My relative is going to come to the US with cash. Here he's going to open a bank account and deposit his cash. Then he's going to make me a gift from that money. Will it work and do I have to pay any taxes?
July 6th, 2024
What deductions are available for seniors, specifically regarding line 23200 on a tax return, and how do they apply to my situation where I made $54,827 from OAS, CPP, 2 RRIFs, and cashed in a Whole Life insurance policy?
February 5th, 2023