I'm trying to negotiate a rebate with a supplier, but they claim it's against tax law. Is this a common practice, and how is it handled on the books?
June 2nd, 2023
As an NJ resident working in NY, are 401(k) contributions added back for NJ taxes?
January 15th, 2023
Does a church have to be a corporation before it can get tax exemption?
November 6th, 2024
If I receive a large inheritance from my next of kin from outside the country and the bank wires it to me into my account, what is taxable and what will the IRS take?
November 2nd, 2024
I received a partial settlement through the courts where our financial advisor stole our money. I received a 1099-misc for the partial recovery. How should this be handled on my income tax return?
December 1st, 2023
I am legally responsible for a mortgage but do not pay the mortgage or interest. My daughter and her boyfriend pay the mortgage, but only my daughter's name is on the mortgage. Who can take the mortgage interest deduction on their income tax return?
January 18th, 2024
Can I claim my granddaughter on my 2008 tax form? Her mother receives SSI and they both stay with me. My daughter pays me a small rent and utilities.
February 12th, 2024
In California, what amount can I deduct when purchasing a concession trailer, pots, pans, etc.?
February 14th, 2024
I am an American citizen living in Finland for 12 years. I file my US tax return every year and don't owe any taxes because I pay taxes here in Finland and my income is not high enough to be taxed also in the US. In August, I received a letter from the IRS stating that I need to prove I'm covered with health insurance. I responded with proof from Finland's health care system, Kela. Today, October 25th, I got a letter from the IRS charging me $1,042.00 for a "Shared responsibility payment." The letter shows that the amount is due by October 1, 2018, and that they are going to start charging me interest if I don't pay within 21 days. How do I dispute this?
December 24th, 2023
I need to get a copy of the last two previous tax transcripts and need them today. I am not sure where to go or if it's possible. What should I do?
April 23rd, 2024