Income Tax Questions
Ask a Free Tax Question

Are you having difficulties with your income taxes? Here on the Income Tax Questions page you can ask any question you want pertaining to IRS tax questions, federal tax questions, and other questions you may have about your income taxes. It's free and easy to do. 


Income Tax Questions

In response to the amount of questions I have been receiving via email, I decided to start this page to answer any questions you have about problems with your income taxes.

Submit income tax questions ~ Read questions and answers

Rather than answering individual questions via email, this will give everyone a chance to read about problems that others are having too, and find out how to solve them. It will become a FAQ about Income Taxes that will be beneficial to everybody.

There is all kinds of valuable information to be found here. IRS laws can be confusing and it can be overwhelming trying to figure out exactly what the publications are saying. It is scary not knowing whether or not you are doing things correctly and it is always helpful to be able to validate your findings. This income tax questions and answers forum is great for that.

The advice I give is only from my experiences, and I don't have experience with everything. So, if you are a business professional who has experience with any of the questions you find here, please help me by also contributing to the answers.

This is a two way web page...you and me. You can ask a question, answer a question or do both. You will become my co-expert on these questions by rating and submitting comments. The more interactive the better.

Of course you can still contact me if you have a question that you feel would not benefit others or needs a personal response. The tax questions found here have been broken down into subcategories for greater ease of use.

Income Tax Questions and Bookkeeping Advice

Bookkeeping Questions

There will also be a separate page to ask bookkeeping questions. In addition to being able to ask a question about your bookkeeping problems, you can also read previous bookkeeping Q&A's on that page as well. All of the information found on the bookkeeping questions page has been broken down into subcategories.  

All other questions about any aspect of income taxes can be asked just below, on this page.

Important: If you do not include enough information in your question, I will not be able to answer it. Please be as detailed as possible.

Having Difficulties With Your Income Taxes? Let Us Help

Ask questions about any area of income taxes. You can even answer questions that have already been asked. It's free, it's easy and it's fun.

This is for everyone to participate in. Let's all help and be helped. Don't forget to check back soon to view the answers. I'll do my best to give my personal reply or post for others to answer within 24 hours.

You can also upload a photo if you want to show the problem. Sometimes it helps to see what you are talking about, but it's not absolutely necessary.

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What Other Visitors Have Said

Click below to see contributions from other visitors to this page...

Refund Without a W-2 Possible? 
I recieved a 1098-t from my school can I recieve a refund from America n Oppurtunity for this of EIC without having a W-2 to file?

Can I Claim Child Born October 2011 
My daughter was born October 5 2011, can I claim her on my tax return? Thank you for your question regarding whether you can claim your child born …

Taxes Mistakenly Withheld 
My 17 year old son, a full time high school student made $3000 during 2011. His employer mistakenly withheld taxes for a couple of paychecks until my …

General First Time Filing Self Employed Question 
Hello - first of all thank you for reading this. I actaully have a few questions about what I need to do , what I need to bring for filing my 1st self …

Please Answer This Question 
mr. sudesh sold his house on 1st may 2009 for rs. 1200000. this house was purchased by his father in 1960 for 50000. mr. sudesh got this house in inheritance …

Fraud Victim 
Dear Sir, I own a house since 1995 and now someone has filed a return in my name and my address showing the house and now incometax department has issued …

Claim Questions 
Hi all. I'm not sure if your excellent site covers questions from United Kingdom residents - hope so. In December 2009 I purchased a buy to let property …

NRI RETURNED BACK TO INDIA 
I WAS HOLDING NRI STATUS TILL SEPTEMBER 2010. NOW I HAVE RETURNED TO INDIA AND NOT WORKING ANY WHERE. MY WIFE IS NOT EMPLOYED AND DAUGHTER IS STUDYING. …

Life Questions 
Hi--I am separated (not legally) from my husband and live in a different state now. We sold our home last year and I rent now and have 2 children--one …

Installment plan 
I used turbo tax for the first time to file my 2007 state income tax. I obviously did it incorrect because the irs let me know in 2009 that i owed 350 …

Tax Questions 
Recently, when I filed my deceased husband's 2010 taxes, the forms were kicked out because someone had claimed my husband as a dependent. My questions …

Self Employed Questions 
I am a self employed contractor. I also have a second job with my local towm. For years my CPA has deducted the cost of my town provided health insurance. …

Short End of The Stick........Again 
I am assuming I can not claim child support as a deduction, as I can find no information?

Who Can Intercept My Federal Return? 
I owe the Michigan department of Treasury for driver responsibility fees, and a letter they sent me said they can deduct it from my tax returns? I also …

Witness Duty 
I was a witness for a trial and received money from the state is that to be reported?

Debt Questions 
Last yr I went through a company to consolidate my large credit card debt. Last yr, I settled with one of them and payed them off, but I got about $3000 …

Filing Questions 
Both my Wife and I are on Social Security, but I am also employed. Should we file as "Married filing jointly", or should I file singly with my Wife as …

No Federal Withholdings 
What do I do if my employer did not withhold federal taxes from my pay during the year?

Specialty Foods 
My daughter has food allergies (Lactose intolerant and Gluten allergy). Can I write off the specialty foods I purchase for her on my income tax return? …

Goals and Advice for the New Year 
What are your goals for the new year? Do you have any financial or business advice with all of the economic challenges we face? Great question! New …

Head of Household and SSD 
Hi, Can I claim head of household and also claim my spouse who is getting SSD?

Charitable Questions 
Can I claim part of my charitable donations made in 2011 on my 2012 taxes instead of claiming all of them in 2011? I recently donated quite a few items …

Deceased 
I file my sister every year on my income tax she is disabled but she died this year in april and I was wondering could I still file her when tax season …

Selling Stocks 
I was told if I sell some stock and the prices went down I could deduct the loss on the taxes at filling

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My ill Brother 
My brother is in need of a liver transplant and my wife and I have moved him into our residence. I take him to all of his AA meetings and doctor visits …

State Tax Questions 
My husband has a Calif Income Tax lien that is over 20 years old. Is this still valid? On a website I was reading it says it is only good for 10 years. …

I Want To Pay Again 
I have already paid my first quarter 2011 estimated tax. I realize that it should have been more than what I paid. Can I send in the extra amount before …

Status Tax Questions 
What happens if you file married but have different last names

S125 on W2 
On my W2 it says S125 not sure what it is? I believe S125 stands for Section 125 Plan which is for medical and dental insurance. The Section …

Pay Questions 
My company cut our pay by 3% can I deduct that as a loss on my income tax?

Tax Savings Not rated yet
My father father retired from job in 2007 and not haveing any source of income since 2007, I am sending all my income to my parents, so can I save tax …

1099 Not rated yet
The last day to have all the w2s and 1099s out was February 15th and my husband still hasnt recieved his. We have called his old boss and he said trhey …

Student Loan Payoff Using 529 Plan & Savings Bonds Not rated yet
I used money from a 529 college savings plan for my daughter, and from US savings bonds purchased in my name and my daughter's name, to pay off one of …

Salary in hand Not rated yet
How much will I get in hand after paying tax and pension etc if my yearly salary in 65000 GBP and yearly bonus is 15000 GBP?

Credit Card Protection Not rated yet
I would like to know if we can we claim the fees we pay for credit card protection as a tax deduction? Thank you for your question about credit card …

Tutoring Expenses Grandchild Not rated yet
Can I claim my granddaughters tutoring $$ I paid on my income tax (it is $900.00)

Stay Home Mom Not rated yet
I am a single mother native american with two small childeren 2 and 6 yrs old cant afford sitter so havent worked in a few yrs also have never done my …

Two W2s Not rated yet
This year I worked in two states; part of the year in MS, earning $16,400 and the other part in MD, earning $5,000. When I put that information into the …

Inheritance Tax In NJ Not rated yet
we inherited $100,000 from my brother in 2012. What is the Fed Tax and NJ state inheritance tax rate? Thank You

Specific Charitable Donation Not rated yet
Hello: I was wondering if I could donate to my church to their elders fund in which they support widows and ask for a certain widow to receive part of …

Can I Deduct The Cost Of Second Home? Not rated yet
I purchased a second home for personal use only. I got it at a certain price because it was not habitable. I spent 21000 on things like roof, mold removal, …

Proof of Residency Not rated yet
My Nephew lived with me for about nine months in 2011 due to problems at home. I claimed him on my income tax as dependant and for EIC. I filed as Head …

Mortgage Interest Not rated yet
I noticed on my form 1098 mortgage interest for 2009 was at 7,900.00. I wanted to know why my mortgage co. sent me a form 1099-INT for 2011 and it was …

A Lump Sum Withdrawal From My 401K Not rated yet
I took some of my 401K money to purchase a townhouse. The amount was 55,000.00. I did pay tax on that money. Now when just starting my federal tax return …

How Much Can I Claim For Food Not rated yet
How much can I claim on my taxes for food per day, and for gas per week when i work away from home? I live in ontario canada

Health Insurance Premiums Not rated yet
I work for a school district and I pay for my daughters and myself health insurance. Are the premiums covered? What are forms do I need? And where would …

Is It Worth My Time To File? Not rated yet
In july of 2011 my husband left me due to abuse. He is to legally have no contact from me for one year. I have an order. Anyway I plan on filing divorce. …

Home Improvements Not rated yet
I own two houses and if I sell one but the one I am moving into for retirement needs home improvement. If I use that money from the sell for the improvements …

TAX Not rated yet
Hi, I am filing jointly tax return 2011. I have a baby but no child care expense my relative take care my baby.my husband not working last year. Which …

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401k Not rated yet
Need to know about the 70/1/2 rule.. Am I supposed to start taking money out? And when?

Cash-In of Life Insurance Policy Not rated yet
My parents, who are deceased had a life insurance policy on me. I cashed it in in 2011. Cash-in value was less than $1,100. Are the proceeds taxable for …

Filing Personal Taxes Including a K-1 Not rated yet
Situation: A relative passed away in 2008. There is still money remaining in a bank account included in his estate. Currently we, his descendents, claim …

Combine Income Tax Allowances  Not rated yet
Can husband and wife pensioners combine income tax allowances?

Capital Gains Tax Liability For Non-resident Spouse Not rated yet
In California; My wife and I entered a contract to buy a new house yet to be built. Approximately 7 months later the house was completed and we started …

Divorce Not rated yet
I'm in the process of getting divorce. My separation date may 13, 2011. But we were living together until august 25, 2011. I had been the only provider …

Filing Requirements Not rated yet
My husband made 38000 and I made 3400 do I have to claim my income if we are filing jointly? I recieved a W-2 but did not pay federal throughout the year. …

Interception Letter (State) Not rated yet
I e~filed my taxed approx the end of Jan recievec my federal direct deposit a week ago & my state deposited yesterday ...Today I recieve a letter saying …

Rent Paid Not rated yet
If you paid rent to a landlord can you use that when doing tax's?

Husband Out Of Town For Job Not rated yet
I have everything to file me and my husbands taxes but he is out of town in TX till june for his job and im in ks. How do I go about getting the taxes …

Indiana Add Back Not rated yet
We lived in Indiana for 10 months last year and we owned rental property in Ohio which we lost money on. Do we need to add back the loss from the rental …

Tax Deduction Not rated yet
We are retired and have bought an RV. We pulled the money out of our pension plan. Is there a deduction to lower the tax on what we pulled out? We keep …

Earning EIC For My 2 Year Old Daughter Not rated yet
My fiance and I live in the same household, but we are not married. She works as a server and I work as a Data analyst. Last year, I claimed our 2 year …

Family Trust Question Not rated yet
My father passed away in 2010 leaving his house in a family trust with me as the trustee and whenever we are able to sell it my brother,sister and myself …

Will My Income Tax Refund Be Affected By Marriage.  Not rated yet
I usually get back abpout $6000 dollars in taxes. I own 2 properties and make 65,000 dollars a year. I have rental income but I properties on taxes are …

What Status After Divorce  Not rated yet
My ex husband wants my social security number for 2011 taxes and we were officially divorced in 2011. Can I file single or do I have to file married by …

Starting Work in December Not rated yet
I started a job in December that pays on the 1st and 15th every month. I started at the beginning of December and didn't recieve my first check till January …

Inheritance Tax Not rated yet
If a 21 year old only made 3000.00 but he inherited 10000.00 does he have to file a return?

Cash Only Not rated yet
I made $8000.00 in cash, but have no 1099, I have two dependents, will I get a refund on taxes?

Find Out Who Claimed Me Not rated yet
Is there a way that I can find out who claimed me on their income tax return? Thank you for your question about how to find out who has claimed you …

Future Surrogate Not rated yet
I was thinking do I have to report any of the money I receive to the irs. I talked to the lawyer and he didn't want to give me a straight answer he just …

PA and MI  Not rated yet
I am a legal resident of MI but was transferred to PA March of 2011. Because I cannot and do not want to sell my MI residence I rent an apartment in PA. …

LARGE GIFT FROM LUMP SUM PAYMENT Not rated yet
HOW WOULD IRS CONSIDER A LARGE GIFT I GAVE TO MY CHURCH FROM A LUMP SUM DISABILTY CLAIM?

1 W2 For 2 States Not rated yet
Hi, My employer has provided me only 1 W2 for 2 states (Illinois and Texas). I submitted my tax returns with only 1 W2 and as per that I have to pay state …

Income Taxes Not rated yet
How old do you have to be in pennsylvania to receive income tax money?

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Back Taxes and Life Insurance Not rated yet
Can the IRS take the life insurance I leave my wife upon my death?

How Can IRS Keep All Of Refund  Not rated yet
Husband owes taxes for previous years unmarried I'am a stay at home mom can I get part of the refund?

Whats Going On Not rated yet
I filed my tax return January 18 2012 I was scheduled to have a direct deposit January 27 2012 but it was rejected because of a wrong routing number my …

Didnt Recieve All My Federal Income  Not rated yet
My federal income tax was supposed to be 3174 and they only deposited 1762 where is my money?

Dependent Not rated yet
Can I file my 32 year old son on my taxes in the state of virginia? He didn't work for 2011 and lived at home.

Claiming Son Half Of Year Not rated yet
My son turned 18 this past november.Can't i claim him for half of the year prior to his 18th birthday?

Do I Need To file? Not rated yet
Hi! I can't figure out if I need to file taxes. I'm only 20 so I'm new to this. I was an independent contractor for a company and made $5300 before they …

Home Taxes Not rated yet
I have a house that I pay mortgage on every month. The house is not in my name. Can I claim the taxes on the house when I file my taxes?

1099 Not rated yet
Do I need to wait for a 1099 to file my taxes? I didn't pay taxes on about 250-375 dollars ..

Lump Sum Election Not rated yet
I got a lump sum ssa disb. payment in 2011 in the amount of 50,000. Of the 50,000, 2,000 was for 2008 and 16,000 was for 2009. I have a question about …

Dependant Not rated yet
My 18 year old worked and earned $3000, is filing the 1040ez. I supported him the rest of the year. can I still claim him as a dependant?

Claiming Money Spent Not rated yet
Can I claim the money I spent to help my brother without affecting his disabilty check?

When Taxes Go Wrong Not rated yet
What if the wrong birth day is put down when you file taxes? What will the irs do?

Benefit of Capital Gain Tax Not rated yet
Can I buy house & sell my old house after few months. What will be tax liabilities?

Taxes Not rated yet
My mother claimed me on her taxes and didnt use my w-2 form what happens?

State Tax Refund 2010 Not rated yet
Hello, I just filed my income taxes on Turbo Tax I need help. They won't send my refund until I tell them what my 2010 state refund was I got I think it …

1099-Misc Not rated yet
I'm a full-time student and minimal income for 2011. I worked briefly for a landscaper and he issued me a 1099-misc for 340.00 the amount earned. Do …

My Per Diem Job W2  Not rated yet
Why did entering my per diem nursing job W2's eliminate my $1000 tax refund and make it so now I have to pay in almost $800? My per diem job is just two …

Domestic Partner Insurance Premiums Post-Tax? Not rated yet
My domestic partner's medical insurance through my work is taken out post-tax. I know for Federal purposes that can't be used as a deduction on income …

Social Security Benifits Not rated yet
My brother recieves a social security check every month. He made $745.00 at his job this last year. do i file his taxes for him or do I claim him on my …

76 Years Old Still Working Full-Time With SS Not rated yet
I am 76 years old work full time and draw social security benefits. How do i make sure I deduct correctly or how do I file.

Claiming Short Term Disability Benefits On Income Tax Not rated yet
My husband had surgery and drew short term disability benefits through his work. Do we claim this on our income tax? We havent received any 1099 or etc. …

Please Give Lic R Not rated yet
Please give lic receipts in non availed self declaration format.

Having a Baby in 2011 Not rated yet
My friend had her first child in September of 2011, how much does she qualify to get back in taxes if she made $13,000 and claims head of household?

Income Tax Not rated yet
I am 23 years old if I let someone claim me as a dependent on their income tax what would I get back?

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Rejected Taxes Not rated yet
I have a stepchild that has lived with me for the past 10years, her mom has not been in her life for at least 3 years. The problem this year irs is saying …

Deduction on Head of Household Not rated yet
I retired in november of 2010. My nephew lives with me and will claim head of household as his filing status for this tax year 2011 my question …

Advanced Royalty Check Not rated yet
Received a check for $20,000.00 for a gas lease. Do I need to pay estimated tax on this? I am employed and have taxes withheld from my checks but with …

Locality Not rated yet
I put the wrong locality name on my taxes. I've already submitted them. So do I go back and change it or leave it alone?

Head of Household Rules Not rated yet
I have a child who turned 24 in April 2011; however, I provided his home and paid for most of his upkeep. I know I cannot count him as a dependent but …

Income and Social Security Not rated yet
I retired early from the Boeing Company. After retirement I started my own business which is an LLC with a separate tax ID number. I am currently contracting …

Free Rent To Advertisers On Billboard Deductable? Not rated yet
I bought a highway billboard this year and as an incentive to get nine advertisers to rent it, I gave them free rent for their first month (the normal …

Will The State Take My Income Tax Not rated yet
Will the state take my income tax I was awarded unemployment benefits,but the employer appealed it and won. I was awarded five thousand will the state …

DAMN VA!!!! Not rated yet
As a dependent in High school I was awarded Live Apportionment Benfits and was able to receive a monthly income as long as I attended school/ college. …

Army Not rated yet
My husband is in the army and he just got deployed, now he is telling me he wants a divorce. I dont want him to claim our kids so is there any way I can …

Taxes  Not rated yet
If I worked a year for 5,000 dollars but out of those 5,000 I had no txes refund and I show those to my tax refund how much would I get back???

Do I Have To Pay Income Tax? Not rated yet
Last year at the age of 64 I withdrew $3,000 from my IRA. That was my only income for last year. Do I have to pay income tax on that money?

Loss or Not  Not rated yet
Started home business billed customer for $ 3000.00 for hours worked. customer paid $1000.00 and is unable to pay the balance. Do I write off the $2000.00 …

Student Not rated yet
How much income do I have to make in order to file income taxes?

Loss or Not? Not rated yet
I am having a major brain fart here. Self employed billed customer 3000.00 for hours worked (labor only) customer paid 1000.00 and will not be able to …

Amendments Not rated yet
How much can i expect back from my 2009 and 2010 taxes? I filed an amendment because I'm a dummy and didn't claim my girlfriend that has been living with …

Sweepstakes Winner In Florida Not rated yet
I live in Florida we do not have state income tax. I won a car thru a sweepstakes. I know I will be paying federal income taxes on it but what about state …

Leaseback Not rated yet
I use my truck for my lawn business. It is a sole owner LLC with a different name than my name. The vehicle is my personal vehicle and in my name. …

Inform About Whose Not Paid Income Tax  Not rated yet
How could I send information about whose not actually paid income tax in income tax department seriesally I have a information about whose not paid income …

2008 Tax Amendment Not rated yet
I claimed two children that I support as relatives instead of dependents. Can I do an amended return to make corrections?

Getting Monthly Wire Transfer From Mexico Not rated yet
Hello, I am a freelancer that works for a company that is based in mexico. They pay me monthly via wire transfer. I wanted to know if I have to report …

Unemployment in 1 State But Live in Another Not rated yet
I recieved unemployment from Vermont, Jan-Oct 2011, but lived in Alabama from May 2011 & subsequently married and work in; who do i pay state tax …

Head of Household Status Not rated yet
My husband had to accept a disability retirement last year. He is only 53, but glaucoma has now prevented him from keeping his job and driving. He collects …

Inheritance Reporting Not rated yet
My husband and three other siblings inherited a house from there mother that passed away in 2011. The house sold in 2011. We received a 1099-S from the …

general question Not rated yet
If I'm being paid cash by my employer could I still file?

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How Much Money Can I Get Back  Not rated yet
How much money can I get back with my infant being born dec 13th 2011 if I only made 5000 dollars doin housework not paying taxes. So how much taxes will …

Can I Claim ? Not rated yet
Check for medical insurance premium was written in 2011 but not cashed till 2012. Can I claim money on 2011 tax return?

Job Changing Not rated yet
In April I left my full time job to stay and care fore my daughter. Since I have done some landscape and property maintnece work on the side, about 4000.00$. …

Refund Not rated yet
Make $ 41000 USD this year household of four how much can I expect to get in tax refund?

Tax Forms From College Not rated yet
Hello I recently filed my taxes about a week ago and the person who filed my taxes did not include any college credit. I was told that numerous students …

Inherited Investment Income Not rated yet
My husband recieved an inheritance when his mother passed away last spring. Most of the money was in the form of mutual accounts, which were transferred …

Fire Not rated yet
My parents home was destroyed by fire in 2010. They claimed the max loss they were allowed to claim last year, and still had 47000$ worth of loss this …

Foreign Dependents Not rated yet
I'm on US Government orders living overseas. My mother-in-law is on my orders also. Does she qualify for a ITN number?

Two Parents Claiming a Dependent Not rated yet
I am a single mom and I want to claim my daughter and I want to claim single and use her as a dependent for the EIC credit. My question is can her father …

Wife Died April 2011 Not rated yet
My wife died 4/24/2011. Can I still claim her as a dependent for 2011?

Ive Been Getting Unemployment For a Year  Not rated yet
I am filing my income tax this week. I only got uneployment for the year but they were takeing taxs out my son is in college and he live with me. Can I …

Earned Income Credit Not rated yet
If If someone recieves va disability and social security benefits, can they file and receive the earned income credit.

State Mandated Pension Contributions Not rated yet
As a teacher in Michigan, I have state mandated pension contributions withheld from my checks. They come out prior to taxes and are reported in box 14 …

Tax  Not rated yet
Can I claim someone as a dependant on my taxes if they don't work, got a lump sum from social security and a 1099 from them?

Renting a Bedroom Not rated yet
What form do you fill out when doing your Federal Taxes in Florida when you occasionally rent our a bedroom in your home?

Investment to Save LTCG u/s54 Can Disproportionate? Not rated yet
Q. We are three brothers . We just sold our old house for Rs.55,00,000/- . The LTCG calculated thereon is about Rs.42,00,000/-. Now we want to construct …

If Daughter Worked Can I Claim Her  Not rated yet
If my daughter worked can I still file and claim her on my taxes?

Children Not rated yet
My fiance lives with me and we have one boy together and she has two other children that are not mine, she does not work can I claim them and get the earned …

Afghanistan Not rated yet
My husband started working for a contracting company in Afghanistan in September 2011. I was under the impression that his income was nontaxable. But …

Guardianship Not rated yet
I have guardianship for three childre and I support them. How do I claim them on my income tax to get the EIC for them?

Forgot Childcare Not rated yet
I had my taxes done and totally forgot that my kids had been in childcare for a few months at the begining of the year. Will I get in trouble for this? …

Head of Household Not rated yet
If I recently moved last year do I file head of household if someone else moved into my old residence and already filled as head of household?

Songwriter Switching Careers Not rated yet
I've been a professional songwriter for the last fifteen years. Due to the fact that people have all but quit purchasing the music they obtain, after several …

I Need Help!!  Not rated yet
Hi, my name is Nicole. I am a single, unemployed mother of a 2 yr old little boy. I live at home with my own mom. She works for medical billing and has …

Half The Year Not rated yet
I live in new york city and i hav only worked for 6 months thae other 6 months i was in school . can i still collect a nice refund check this year when …

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Can I Claim Disabled Daughter Not rated yet
I have a disabled daughter 30 years old she lives with me and collects $9600 SSi . Can I claim her on my federal taxes?

Wrong W-2 Not rated yet
I have recieved my w-2 from my previous employer that went out of business and they are trying to say I only paid in 36.00 for 11 months. I know that is …

Wrong Birthdate On My Return Not rated yet
If I make a mistake and write the wrong birthdate on my federal return for my baby but put his correct social security number down, will that delay my …

Construction Worker Claims Not rated yet
As a construction worker can I claim meals away from home for construction work in ontario?

401K Withdraw Not rated yet
I withdrew money from my 401K. I heard you can spread that withdraw income over 3 years. How do you do that?

401K Stocks Not rated yet
I cashed in about $1,000 worth of 401K stock last year. Do I have to claim this as income on my 2011 return?

Help Me So Confused Not rated yet
I just started a job at a church/community center they have not put me on payroll but I also do not make a lot of money. I only made close to 1500.00 for …

Recent Employer Filed Bankruptcy Not rated yet
What will happened if my recent employer went bankcrupt earlier this year. Do I still get a w-2 form from them? Thank you for your question about …

Childs Father Gives Me Money Not rated yet
My childs father has been giving me $150 a month since April 2011. Im currently on the States insurance and they needed "proof" that i was receiving money …

Nursing Home Care Not rated yet
Over the past few years, my father-in-law gifted my wife and I around $12,000 per year. He is now in a nursing home and we are assisting with the expenses …

Form 1099-R Not rated yet
My husband died in 2010. He had a final WRS payment in the amount of $2950.64. They with held $225.88 from federal and $240.32 from state. Do I have to …

Can I Recieve A Refund For 2 Dependants? Not rated yet
I made $ 55.50. Can I get a refund for claiming 2 dependent children?

Change Filing Status Not rated yet
I have been filing married filing joint for over 40 years; can I change to head of household and my wife to married filing separate

Keyed in 1099r Income on W2 Income Line Not rated yet
We caught an error unknowingly when preparing our current tax return. We are both retired and receive a 1099R we used a well known online tax service. …

Retirement Acct With AFTER TAX Dollars. Not rated yet
I am 60 Years old and file jointly with my wife. If I deposit AFTER TAX dollars into a new or existing retirement account, then within a year withdraw …

MY EX HAS BEEN LIVING WITH SOMEONE FOR A YEAR  Not rated yet
My husband moved out and right in with her, hid her from us, never sees his kids. I d like to know that because there household income is $90000 and mine …

Head Of Household Not rated yet
My 65 year old brother is unable to work and lives with me. He brings in $776 a month in social security, receives $125 a month in food stamps and dips …

Tax on Stock Dividend Not rated yet
My mother died 1-22-2011. I inherited shares of a family owned company where only family owns the stock. I was paid a dividend on this stock, I inherited …

Inheritance Not rated yet
I sold my share of property in 2011 that was left to my by my deceased parents in 2010. Do I claim this as income for 2011?

Rent Paid Not rated yet
My son is 25 years old , attends college and works part time in another state. He does not earn enough to pay has 500.00 rent and cell bill monthly, I …

Refund of Taxes Not rated yet
If I earned 19,000.00 net per year, as a single person would I get most of my fed, and all state taxes refunded?

Gas Money as Income Not rated yet
I drive for my employer. He gives me gas money. Do I have to claim that as income?

If Dont Do The Personal Exemption Not rated yet
If don't do the personal exemption because my parents are how would that hurt me?

Medical Expenses Not rated yet
Will I get back the majority of my medical expenses back on my Arizona state tax refund?

Deceased Husbands Taxes Not rated yet
My husband passed away in September his estate has not been opened yet am I allowed to file and keep his tax return or do I need to file seperately so …

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Attorney Fees Not rated yet
I paid all the fees associated with opening and closing an estate for my dad because he dies intestate. Can I claim those attorney's fees on my 2012 taxes? …

Claiming Grandchildren on Tax Return Not rated yet
I pay for more than 50% of my grandchildren's living expenses. Can I clkaim them as a dependent on my return. My daughter is diabled and collects SS benefits …

To Claim or Not To Claim Not rated yet
I live in the state of Washington and have received TANF this year, can I claim my two children, should I file this year? I am also a current student at …

Taxes - 1099 Not rated yet
My spouse is being paid by her employer as a 1099 employee. In realty she was a employee. Obviously if she turns them in, she will lose her job. She has …

IRA Early Withdrawal Penalty Not rated yet
In 2008 I took an early distribution from an IRA. I inadverdantly failed to report it. IRS caught up with me early in 2011. Made payment for early distribution …

Other Income Not rated yet
If I was paid for tutoring a friend's son during 2011 and he paid using a personal check with his own (post-tax) money, do I have to report that on my …

Claiming a House Not rated yet
My parent and I own a house together, they have always filed it on there taxes. Now they tell me just to claim the house they do not want to deal with …

Claiming Dependent Dhild Not rated yet
Can a parent claim a 23 years old child as a dependent on income tax return for 2011 even if child is not living at home? Child did not work for 2011 …

Rental Property Not rated yet
My fiance & I purchased a house together. The loan is in both names. The house is a rental property right now. I am paying the mortgage. I collect …

International Student Not rated yet
If I am a graduate assistant at a private Florida university, and am paid a certain salary, but must take most of that money and apply towards my tuition …

General Sales Tax Deduction - Florida Not rated yet
How much general sales tax can I deduct on $55,000 in florida?

Tax Dependent Claim For Brother Not rated yet
I lived w/my brother, and did not work, from may 2011 to end of year. from jan. to may, however, i earned $25-30k. living on my own. This would disallow …

Dependents Not rated yet
My son got a job in September and has made 7800.00 year to date however My wife and I supported him until then can we claim him as a dependent?

How Much Will I Get Back  Not rated yet
I made 5230.32 on year to date, and im married with two two kids. How much will I get estamated?

Claiming Two Houses Not rated yet
Can I claim two houses? My exhusband doesnt care to claim the one that he is living in. They are both under my name.

Family or Individual Income Not rated yet
I'm a single parent and me and my 8 year old have been living together for the past 4 years. Can I claim as a family or individual? some places will prepare …

Income Not rated yet
Im self employed made less than 10,000, and my husband made 6,000. How much in taxes will I get back with 3 kids?

What Age Can You Do Your Own Tax Return Not rated yet
I started working march 2011 but I was 17. On october 2011 I turned 18. From the age of 18 untill now thats the money I'll be getting back or from the …

Son Born in 2011 Not rated yet
If my son was born in September of 2011 and I made 36,000 in 2011, how much will I receive in a refund if anything?

Capital Gains on Gifted Home Not rated yet
My brother and I were gifted a home from our mom, we are going to sell it and buy rental property. In california how much would we pay in capital gains, …

Odd Jobs Taxes Not rated yet
Can I file income taxes on odd job if me and my 2 kids get social security?

Dependant Not rated yet
Im on disability and had no earned income for 2011 but I still can claim my baby as a dependant. Do I still recieve the money that my baby qualified for …

How Much Will I Owe Not rated yet
I made 40000 last year, I have 8500 write off from my house, and I have a 5 year old to write of. Paid 2600 in fed and 700 in state. How much will I owe …

Claiming a Dependant Not rated yet
Can I as a female claim my girlfriend who is on SSI as a dependant?

Owe The IRS Less Than My Refund Not rated yet
I am on a payment plan for money I owe ($400.00),to the department of taxation from last year, 2010. Now for my 2011 tax year I am intitle to a refund …

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Qualify For My Boyfriend To Claim Me As Dependant Not rated yet
Hello, My boyfriend is claiming head of household and myself and our daughter as dependants. He has provided all of our costs in 2011. We have lived with …

Filing Taxes Not rated yet
I didnt work last yr because of a health problem.I have two sons. Can I file taxes and get money back?

Claim Spouse As Dependent  Not rated yet
Can my wife claim me as her dependent if I had no taxable income. All my income was earned in foreign country and is not taxable?

Income Tax Not rated yet
My filing status is head of household and my disabled father is my dependant. How much will my return be if I grossed $10,000.00 in wages?

Need Information About Income Taxes Not rated yet
I want to know if my boyfriend is able to put me on his income taxes with him since we are engaged.

Tax Incurred During Transfer Of Ownership Not rated yet
Is any tax incurred during the transfer of ownership of a sole proprietor business between a father and a son?

SSDI and Gambling Winnings/Losses Not rated yet
I receive SSDI payments monthly (for 10 years). SSDI yearly payment of $18030.00. I have not filed taxes in those 10 years. This past year I gambled, …

Filing Taxes Not rated yet
I'm going to file my taxes and my sister lives with me for 8 months but worked for 4 months can I claim her as a dependent and if so do I add her w-2s …

Move States To Care For Ailing Parent Not rated yet
We moved to michigan from arizona to care for ailing parent. Can we deduct our move from our taxes?

Filing For Caregiving Without Any Receipts Not rated yet
I took care (part-time)of a friend's grandmother (99) who doesn't have to file income tax and I was paid out of her (grandmother's) income. She gave me …

Ex Husband Tax Return Not rated yet
My ex husband claims that in 2005 when we were still married, that we failed to claim income for me on that years taxes. The job I had was less than 6 …

Direct Deposit  Not rated yet
Is it legal to direct deposit a siblings income tax refund into your bank account?

Money Amount Not rated yet
What is the less amount that I will receive on my tax return if I made 9,000 and I have a child? I live with someone so I will not be head of household. …

Tax Debt Not rated yet
My soon to be ex-husband and I filed our taxes jointly in 2009. I had surrendered a life insurance policy that year and it added income onto my regular …

Bank Interest Income  Not rated yet
In a case where an individual is usually Australian Resident but for the Indian previous year March 2012 ending he is also Indian resident. The interest …

Rules on Claiming a Dependent Not rated yet
Hi, I'm 20 years old, worked for 3 months(last week of December2010 to March2011), and had $4,700 gross income. After that(June), I start to study outside …

Miles Not rated yet
I am a Bricklayer that has a lot of Tools that I have to take to and from work to keep my Job! Can I take off any of my miles that I drive to work?

How To Tax Questions Not rated yet
My husband and I married in 2010 and we did a joint tax return. We received a $600 refund. Nothing has changed from 2010 except that I got a $10,000 raise …

Disability Questions Not rated yet
For some disabled veterans in 2012. The state already exempts some vets from paying property tax on their homes if they've been declared 100 disabled from …

Full Time Student Not rated yet
I was a full time student last year and i received the pell grant and that paid for all of my school and left extra to pay for needed supplies I was wondering …

Paying Not rated yet
If me and my wife made a combine income of 92000 and we did not pay taxes through out the year how much will we owe?

Residents For 2011 Not rated yet
My husband and I lived in Indiana till the end of August 2011, now we live in different states, do we use Indiana as our state of resident for our taxes? …

Circuit Breaker Tax Not rated yet
If my daughter turned 18 in November 2010 can she file a mo.ptc for that year?

Disaster Loss Casuality Not rated yet
Approximately will we get back from a disaster declared of 40,000? Lost home.

Social Security Tax Not rated yet
As an employer, we withheld $5.85 too much social security from an employee due to a miscalc on group term life insurance--does a w-2c need to be issued, …

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Two People Filing Dependents Not rated yet
I filed my taxes electronically and it said someone else claimed them. I belive it was their grandmother. she owes over 30,000 dollars for not paying taxes. …

Cashing in Insurance Policy Not rated yet
Nova Scotia tax, In easy terms, please explain how I figure if I need to pay tax on insurance that I cashed in. Over the years i paid in premiums 1000.00 …

Itemized Balance Not rated yet
Is there a minimum when itemizing thaT MUST BE MET BEFORE YOU CAN itemize anything?

Filing Taxes After Disabled Not rated yet
If I worked half the year and became disabled, do I file social security payments when I file my federal taxes?

Can I Claim This As a Deduction Not rated yet
My wife was taken on a scam involving her grandson, he was suposidly caught in Canada with two other young men with some form of dope and regiured a attorney …

EIN Number For 2007 Taxes Not rated yet
I am filing past taxes and the only payer ID number I have is their social security number. But when I try to put it in online it will not accept it how …

Dependent Owes Back Taxes Not rated yet
My boyfriend lives with me and our son and I wanted to claim him as a dependent but he owes the IRS.. If I claim him will they charge me for his debts? …

Income Tax Refund With Section 8 Housing Not rated yet
Hi, I was wondering if I can recieve an income tax refund if I recieve section 8 housing without getting in trouble. I have a 1099 and want to file my …

80 Yr Old Grandma Not rated yet
My grandmother is 80yrs old and living with my parents who claim her as a dependent. She is receiving a social security check, does she need to file income …

Who Gets To Claim My Daughter Not rated yet
Me and my ex wife alternate claiming our daughter, this is her year to claim her, but she doesnt work she gets disability. Is it legal for her husband …

Deceased Spouse Gambling Tax Debt Not rated yet
My spouse and I have lived in Texas for many years. She passed away 4/27/11 and at that time still had a gambling tax debt of $15,000 that had not been …

How Are Taxpayers That Dont Pay Taxes Receiving Refunds  Not rated yet
I have a friend that told me she had filed her taxes already and was being refunded $4,100.00. She stated she filed Head of Household but had no dependents …

No Work Not rated yet
Can I file for taxes even if I didn't work in 2011?

Dependents Not rated yet
My wife and myself live with our son, we ger social security but it's only about enough to cover a few small bills and our medical expenses, can our son …

Exemption U/S 54F for NRI Not rated yet
A NRI sold her plot (land) in India and purchased a residential house property in US. As a resident of US she paid all the taxes there. will she get exemption …

Unemployment Question Not rated yet
I received unemployment all year in 2011. If I claim 3 dependents, one being a child and did not pay any taxes on the unemployment, can I possibly still …

Sale of Investment Real Estate Not rated yet
I have a house that was a rental for a number of years. Federal tax returns were done taking the normal expenses and depreciation into consideration. In …

How Much Money Can I Make  Not rated yet
I had two jobs last yr,only worked one for about 3 months total income for that job less than 700$ do i need to file that return?? I am still employed …

MY REFUND Not rated yet
I dont have a bank account to deposit my refund into but I have a paycard that I get paid on at work. It's a debit card. Can I use this to deposit my refund …

How Much Will We Get Back Not rated yet
Me and my husband made around $28,000.00 we have 3 dependents. How much will we get back?

Dependent Not rated yet
Can I claim someone over 18 not working or doing their own taxes lives with me and I support?

401k Withholding Tax Not rated yet
If you pay your entire tax liability, to include your 10% penalty from a lump sum pay out, and your regular taxes. Do you recieve any of the withholding …

Will Divorce Decree Have Precedence  Not rated yet
In my divorce decree it is stated that I would get to claim my child as dependent on taxes. I moved to a different town last April, and as a result my …

Dependents Not rated yet
My girlfriend and my 2 year old lived with me all of 2011 until the end of Dec. when we split. I supported them both although she did have a part time …

Excess Social Security Tax Withheld Not rated yet
When I filed last year I did not know that too much Social Security Tax had been withheld. Is it too late to get that back?

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Exemptions Not rated yet
One of my exemptions is my partner whom is disabled. We are not registered as domestic partners and she has no taxable income. I am the primary wage earner …

Will I Get a Return Not rated yet
Last year I only made $8000 and only paid state $600. Due to lack of funds I went exempt the whole time. Will I get a return or will I owe? I also have …

FBAR Filing Not rated yet
If One of my oversees account funded by me from my after tax USA bank account , exceeds $10,000 limit (for couple of days) , but I have only earned an …

Domestic Partners Not rated yet
Can my boyfriend whom I live with claim me on his income taxes. I didn't work at all last year and was totally dependent on him financially. I am also …

Gift Taxes For Medical Expense  Not rated yet
If i make medical insurance premium payments for my ex wife, do these count toward gift taxes on the Federal and New York State level?

Paying My Children To Work In My Cleaning Business Not rated yet
I have a small commercial cleaning business; sole proprietor; I have 4 daughters, ages from 9 to 17; They all help us at our various cleaning accounts, …

FIRE INSURANCE PAYOUT Not rated yet
IN CANADA IS FIRE INSURANCE PAYOUT CONSIDER INCOME?

Travel To and From Job Location Not rated yet
I receive almost daily notice of where to commute to- to do my work- distant cities from my home and the company office can I deduct this very big personel …

What Should I Claim On My W4? Not rated yet
My wife and I are having our first baby in a couple weeks. I work full-time at a large fortune 100 pharmaceutical company. My wife works full-time at a …

Cashed Out My 4o1 Not rated yet
I had 5000 in my 401 I paid 34 percent in taxes and receved 3400 will this effect my taxes?

Cashed Out My 4o1 Not rated yet
I had 5000 in my 401 I paid 34 percent in taxes and receved 3400 will this effect my taxes?

Dependant Not rated yet
Could I claim my 2yrs old nephew as a dependent if his mother received food-stamp last year? We all stay in the same house.

Tax Deduction If Person Changes 2 Companies  Not rated yet
Hello, I was working earlier in bangalore between March 2011 to June 2011 and joined new company in hyderabad from July 2011 to Till date. I could not …

Michigan Inheritance Law Not rated yet
Hi, I am going to be bought out of my fathers estate (houses and property) this year and need to know if I will have to claim the money paid to me as income …

Deceased Spouce Not rated yet
If my husband died in Febuary 2011 and only made $2100, do I have to file it on my taxes?

Will I Get a Refund Not rated yet
I made $50.000 last year I live in Massachusetts and filing single would I get a refund I owe the irs 2000.

Filing My Mother Not rated yet
My mother stayed with me for the past year. I was told I couldn't file her on my taxes, because she made over 3500 for the year, Is this true?

How To File 2011 Taxes Not rated yet
My husband and I split in June 2011, but on my W-4 still states married. Do I need to have him present when filing my income taxes?

Changing Jobs/ IRA Deductions Not rated yet
From January 1st to December 5th 2011, I was not covered by a retirement plan through my employer. During this time I contributed to a traditional IRA. …

Tax Question Not rated yet
Hi I have a question in live in NJ and worked 2 weeks in 2011. I have three children, am I able to claim a income tax return or no? Thank you for your …

Am I Responsible Not rated yet
Im married but my husband dont work I also have si and welfare but still worked. I had filed jointly for my taxes. Will I be responsible for his child …

Disability Question Not rated yet
I live in New York and currently am on Social Security Disability and a single parent. Even though SSD is not taxable,can I still file to claim the Earned …

Early Withdrawal From Tradional IRA Due To Disability Not rated yet
I read on several websites that a person under age 59 1/2 can take a penality free early withdrawal/distribution from a traditional IRA if considered disabled. …

Form of Verifcation I Did Not File Not rated yet
I believe there is a form can get from IRS to verify I did not file taxes last year.because my income was to low..I need this to prove to the hospital …

Vehicle Mileage Expense Not rated yet
Hello- I have a full time job & a part time job. Can I deduct the mileage that I use to drive back & forth to the part time job in my personal vehicle, …

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Income Not rated yet
My daughter receives a check from her fathers social security disability. when we file our taxes do we have to report that on our taxes since she is a …

Tax Question Not rated yet
Can my domestic partner file me as a dependant. i have lived in the home for the past year. I am disabled and I recieve disablity benefits. My benefits …

Florida's Old and Silly Laws Not rated yet
When filing your tax return on line with Turbo Tax, H&R block etc, will they let you file on line if you take a medical deduction for your live-in girl …

Tax Not rated yet
I was tryin to see can i get a income tax I worked 5mth in 2011?

Wrong Adrress Not rated yet
I e-filed with my parents address filling head of household with my two children but I don't live there. I'm having it direct deposited. My parents are …

Free of Income Tax Not rated yet
I am in abroad. I want to send money to India. How much money can I send per month to India without the problem of Income Tax?

Question For My Daughter Not rated yet
My daughter has lived with a man in texas for 3 years, last year he claimed married on his taxes, need to know if they are now common law married?

What Should I Do? Not rated yet
What should I do if my employer withholds more taxes from my paycheck than I owe?

Deceased Spouse Not rated yet
What is it that I need to write at the top of my tax return when my Husband has deceased this year? How do I sign the return?

Tax Question Not rated yet
Around how much could my husband and I get back on my taxes if I carry my daughter and grandchild? Income is around 65,000 a year.

Dependent Eligibility Not rated yet
My mother is a 78 year old SSI beneficiary who lives with us. Can I claim her as a dependent on my income tax?

Claiming Income Tax Not rated yet
I was wondering if I am able to file my mothers income tax? She passed away in June of last year. During that time she lived with me and was receiving …

Taxes Not rated yet
We are a family of 6 and my husband makes 36,000 a year, would he have to pay the IRS or would he get a refund?

How Much Not rated yet
If I have 2 dependents other than me a my wife how much money do I get?

Filing Taxes Not rated yet
If I only earn $500.00 for the year 2011, will I receive a refund? Or should I file taxes?

Income vs Compensation Not rated yet
Qustion on income.... if a company sends me an item... ei a coffee maker for free, In return I must use it and then write a full review on my blog, outlining …

K1 From a Closed Business Not rated yet
Five years ago my family sold our video store business and my sister is still issuing k1's for the business. We have no sales, no building, nothing but …

Medicare Question Not rated yet
Can you deduct monthly charges that medicare takes out of our monthly social security?

Social Security Income  Not rated yet
Is my social security income taxable? I also sold some land that was included as homestead property that our house was adjoined to. The house and a few …

Claiming Child Care Expenses Not rated yet
My granddaughter has lived with me for 8 months of last year. Her grandfather (who lives in IN) paid child care cost for 5 of those months. Does he get …

CLAIMING DEPENDANTS Not rated yet
CAN I CLAIM MY NEPHEW IF BOTH HIM AND HIS PARENTS LIVE WITH ME, AND HIS PARENTS CLAIM HIM ON THEIR RETURN AS WELL IN PENNSYLVANIA?

Do I Need To File  Not rated yet
My father died and I sold his car do I have to claim it on my income taxes in mass?

Tax Collection Time Limit Not rated yet
How many years back can the IRS go to claim back taxes owed? Is there a statute of limitations on how many years they can collect on?

Income Tax Not rated yet
Can I claim two kids with diferent last names at the same time, without having any risk at all in the future? Thank you for your income tax question. …

Filing Income Tax Not rated yet
I am on social security disability. I have a wife and two daughters (14 and 10). My wife did not work all year. Can we file for income tax and would we …

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How Much Will I Get Not rated yet
If I grossed over $6,000 dollars, how much will I get back with one dependent?

2010 Tax Return Not rated yet
If I didnt file for 2010 can I file 1040ez for 2011? Thank you for your 2010 tax return question. If you didn't file for 2010 and weren't required …

Can You Claim Interest On Credit Cards Not rated yet
I have a question about the interest on credit cards. Can you claim the interest on your credit cards as a tax deduction? What if it is a personal credit …

Head of Household Not rated yet
I have 15 year old daughter I live in house provided by mother rent free but I pay all expenses at the home can I claim head of household?

Do I Have To Pay Taxes  Not rated yet
Our parents left us their house in the will and we sold it in new York state do I have to pay taxes on it , I also live in ct so do I pay taxes in both …

New Roof Not rated yet
I put a new roof on my house this year in Wis. I understand I use it as a cost basis, do I report that this year, or wait until I sell? Where and how …

Dependents Who Owe Taxes Not rated yet
My sister owes taxes from last year but this year I completely supported her as she has no job. Can I claim her as my dependent without repercussions from …

I Do Not Live With My Parents Not rated yet
I haven't been living with my mother for the past 4 months I'm 17. Is it possible for some one else to claim me? I have no contact with my parents what …

Did Not Have Taxes Taken Out of Unemployment. Not rated yet
III made 11,136.00 (unemployment) I did not have taxes taken out. I usually claim head of household, claiming 1 (disabled, boyfriend). How do I do this …

Reimbursement of Local Travel Expenses Not rated yet
My employer is holding a 4 day meeting within 50 miles of my home and my employment office. I will be provided with lodging (comp'ed by the hotel). …

Transfer Apartment by NRI Nephew to Aunt in Mumbai Not rated yet
What is the procedure for the above transfer by way of gift deed ? What are the taxes, stamp duty and other legal expenses involved in such a transfer …

Tax Question Not rated yet
Im a single mom of two I claimed my two kids on my w2 form when I started working at the place im currently working at. My children's father is trying …

Head of Household Not rated yet
I have my daughter who lived in my home for the full year she turned 24 this year but has an income of about 24000 yr. and I have my 73 yr old mother who …

Itemizing Not rated yet
If I own my house and I have given over 2,000.00 to my church, will I benefit itemiaing and just the e-z? thank you.

Claiming Not rated yet
My Husband and I have lived with my Father for four months. Can he claim us?

LT Capital Gain Property Gift to Spouse Not rated yet
My wife purchased a property / vacant land in 2002 for Rs. 2 lac. on G.P.A. by its original owner. No Sale Deed was done on that time. Now as a safety, …

Need Tax Form #  Not rated yet
Sister is on SSI. She moved in with me end of March 2011. I recieve 300. a mo from her which is up to me what things I pay w/it. e.g. utilities groceries …

Armed Security Officer  Not rated yet
Can I claim my gears ( like duty belty, gun, ammo etc) duty pants, ammos for the firing ranged and classes (like baton, maze, handcuffed certification) …

I did work Not rated yet
I was just informed by the unemployment dept. that my last employer did not report my wages for july, august, and september 2011. I did work those months …

How To File With No 1099 Not rated yet
I have a question with regards to the Form 1099. How do I file my income taxe return with no 1099 or W2? I never received either of these forms and don't …

Social Security at Age 62  Not rated yet
I just started drawing social security at age 62 in Dec. of 2011. I do not have other income other than my monthly pension from GE. My wife still works …

401K Withdrawal Tax Not rated yet
I am withdrawing about $30,000 from my retirement account to supplement my social security income and am asked whether or not I want the additional money …

College Questions Not rated yet
If i am 19 and Im in college how much would it get back if my mom carry me?

Caiming My Boyfriend Not rated yet
I want to know if I can claim my boyfriend whom ive been supporting and he's in school fulltime currently?

Claiming Kid Not rated yet
If I only worked two weeks out of the year can I still claim my two kids?

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Single Mom With 4 Kids. Not rated yet
Can I file as head of household,even if the only income i have is child support,at the present time?

Contract Labor, Self Employed Not rated yet
I am a self employed,contract laborer. What percentage of my pay should I hold back each month to cover federal & fica taxes?

Reportable Income Not rated yet
My father is disabled and he pays me a mothly amount to assist him with his daily living needs like bathing, medication, driving him to medical appointments …

Working Student in Boston  Not rated yet
I am a graduate student in Boston working at the university and have income in both MA and my home state of OH. How do I file my state income tax this …

Taxes And Child Support? Not rated yet
I owe child support in oregon but live in a different state can oregon still take my state tax refund?

Pre Marriage IRS Tax Debt  Not rated yet
I married in 2009. My wife died suddenly in 2011. Irs sent a letter in 2011 claiming she owed over 2000 dollars on a return filed before we were married. …

Personal Taxes Not rated yet
We loaned our son $20000 a couple of years ago as a personal loan. we had a penalty of $6000 for early withdrawall. he paid it back in 2 yrs. including …

Stocks Gains/Lost Not rated yet
If Lost 120,000 dollars last year, then made 160,000 this year..what kind of taxes do I have to pay for this tax year?

Foreighn Money Transfer Not rated yet
Is there any tax on the heritage money we transfer to Canada?

Retraining Tax Credit Not rated yet
Is there any type of tax credit i can take this year I have had to go back to school to be retrained due to loosing my job due to the economy.

Heritage Money From Abroad  Not rated yet
Heritage money from abroad country is taxable when enter to Canada or not.

Lump Sum Pension Distribution  Not rated yet
My ex-husband has been incarcerated since 2003. Before his incarceration divorce proceedings began and a QDRO was drafted and approved. As an alternate …

Inheritance Tax Not rated yet
At what point do I have to pay taxes on a 2011 inheritance?

E I C If Recieve SSI  Not rated yet
I have 2 children, wife, and my brother under my roof i am the only one who recieves any sort of income.Can i receive EIC if i pay IL property taxs If …

Unfiled Tax Return for 2007- 2010 Not rated yet
I have not filed my taxes for 4years for the first 3 i dnt have any dependents but for the 4th year i do how much can the penalty be for each year not …

Documentation Not rated yet
Do I need to submit any documentation for my disabled brother that I am claiming on my taxes when I file online?

Divorce/ Retirement Plan Not rated yet
I got a divorce this year and had to give my ex half of my profit sharing (retirement)account. I was told by some people here they wrote of this amount. …

Can We Get TDS On Interest Received Not rated yet
Hi, Last 3 years I was give loan to X person who was NRI that amount is something 30 lac & the person was returning the amount with interest can we do …

Relocation: Loss On Sale Of Home Not rated yet
My employer relocated me this spring. They made up a portion of the loss I had on my home when I sold it. I still lost money on my home, but not as much. …

Donating Musical Instruments To A School Not rated yet
If I donate a french horn valued at $1000 to a school, what would be the return on an itemized deduction .( Or what is the overall percentage a person …

Tax Exception For Life Insurance Premium Of Parents  Not rated yet
Hi, i am the only one child for my parents. Till now am not married. My father has done some LIC policy with his name but I am paying for that. Since I …

Selling a House Not rated yet
I inherited a house at the end of 2010, sold it at the end of 2011, will this hurt my income tax return or help?

Pennsylvania Act 32 Not rated yet
I am a NY resident and maintain an office in my home that I occupy 4 out of 5 days a week. My employer is located in Carlisle, PA. I have been informed …

Cost Basis Tax Questions Not rated yet
I sold a home in 2010. My husband has been running a small business out of the home since 2003, and we've been depreciating the portion of the home attributed …

IncomeTax Calculation for IT Contract Employee Not rated yet
I joined IT MNC company on Contract of 6 months and they are paying monthly fixed hourly salary in lumsum after TDS. They paid me ex-gratia/Bonus amount …

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Doesn't Work Not rated yet
Can I (wife) who doesn't work do a traditional IRA with husband making 140000?

Exemptions Not rated yet
I am in the military and i claimed my wife and my two step children on my tax return. Since this is the first time I am doing something like this, I was …

Self Select Pin Number Not rated yet
Last year I used online e-file tax software to file my 2010 income tax. This year I am doing the same but with a different software. I used a self select …

Twins Not rated yet
Are you required to file twin children together on income taxes?

Conservatorship Tax Questions Not rated yet
I'm the conservator of my father, not for his finances just for the person. I get $1500 a month that was court awarded. Is that money taxable?

Insurance Payment Not rated yet
I'm due to recieve an insurance payment of 155,000 Euro for my deceased partner am I liable to pay tax on this and do I have to declare it. I am now …

26AS Not rated yet
I have forgot my password to login in my 26AS. I have also forgot my secret question & its answer. I have not filled any e-return earlier. Pls help me …

Declaring Tax Questions Not rated yet
In the state of New Jersey, are you able to declare your self as your own dependent in the tax forms?

Rental Losses And SSD Not rated yet
I have had rental units for app 30 years, and have shown losses for the past 3 years on 3 of my units. I have been totally disabled for 5 yrs. and on ssd. …

TCS Form 27C Not rated yet
Sir, l.tell me income tax Form No. 27 C. to be collected from buyer for non collection of TCS at the time of every transaction or monthly, quqterly or …

Availing HRA Tax Benefit  Not rated yet
Hi, I've bought a flat whose possession is due in Jan 2012. Its distance from my office is around 35 kms, thereby making daily commutation difficult for …

Land Sale Not rated yet
Do I have to pay income tax on a partial land sale of my primary residence? I have lived at the residence for 17yrs.

Required Minimum Distribution Not rated yet
I have an IRA account that is invested in a Real Estate loan that was receiving monthly interest payments only. The borrower is now going through bankruptsy …

Intercept Not rated yet
If I owe traffic tickets which refund will be intercepted state or federal? Thank you for your tax intercept question. If you owe traffic tickets …

REVENUE CANADA Not rated yet
My father died two years ago and today I received a letter from the Unemployment division asking for money. What can be done?

Sale of Real Estate Not rated yet
My mother is 79 years old, and I am her guardian. I sold her house for $160,000.00 in November 2011. She and my father bought the house in 1973 for $45,000.00. …

Awards to Inventors (ATI)  Not rated yet
What are the personal tax and NI liabilities for ATI payments received from a former employer? These ATI payments are directly linked to royalties …

ITEMIZED DEDUCTIONS EXCEED INCOME Not rated yet
I am anticipating that my itemized deductions will exceed my standard deduction and my income... (medical and charitable giving)... Can I still take them, …

Mediclaim Not rated yet
My question is about Mediclaim. Is the Mediclaim money that I received taxable to me? Or is the Mediclaim money that I received not taxable to me? If the …

Retail Sales From Home Not rated yet
I just started selling some retail at home, I hope to sell about 10,000 for the year. Do I have to charge taxes on the items and do I need to send in the …

Car Donation With Title Not In My Name Not rated yet
I bought a car but did not transfer the title to my name yet, it's still in the old owner's name. My name shows in the back as the buyer. If I donate …

Gas Expenses Reimbursed Not rated yet
My friend uses her car for work and submits her gas receipts to her employer who reimburses her completely. When my friend files her tax return, she uses …

File Tax Return in Chicago, IL Not rated yet
Hello, I bought a house in my Home country, India, and I am paying monthly installments towards my Home Loan. My question is, can I show my Indian …

Travel Trailer Not rated yet
I'm buying a travel trailer and would like to know if I should lump the tax and registration into the loan amount or if it would be better to pay them …

Tax On Sale Of Property At A Loss Not rated yet
My husband and I recently purchased a house and are selling the mobile home (and the 2 lots it sits on) that we lived in for the past 10 years. We paid …

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Income Tax Return Not rated yet
My question is:- I am a 12th passed men. I filed the Income tax return of client around 250 clients. Now I say that what formalities I can do that I …

Query Regarding TDS & PAN. Not rated yet
Dear sir, I want to know that, what will be the TAX Liability of an individual who has salary of Rs. 20 lakh (I) with PAN (II)without PAN. I Think …

Stay At Home Mom Not rated yet
I only worked one month this year but was on disability for one month after having my daughter can i still claim her as a dependent?

T D S On Transporter  Not rated yet
If Sakhar Karkhana paid a payment to Harvesting & Transported there is required to deducted t d s or not?

Saving Tax Records Not rated yet
How long do you need to retain your bookkeeping records for tax reasons? Thank you for your question regarding saving tax records. It is recommended …

Unemployed Father as Dependent Not rated yet
If my father is unemployed, can I add my unemployed father as my dependent? If your father is unemployed and you provide over half the cost of living …

Income Tax For Short Consultancy in Afghanistan Not rated yet
I accepted an agreement for 20 days of work in Afghanistan. What are the rules for the taxes? Are my Per Diems taxable? How about my income? Thank you …

Leasing Work Vehicle Not rated yet
I am self-employed in property management. I own two vehicles one for private use and one, a truck, is mostly for work. My accountant deducts some amount …

Spread Sheet Application  Not rated yet
How much money are we allowed to earn in Canada before taxes? What is our basic exemption?

Profit Is Low  Not rated yet
Although profit is low but due to the intention and frequency of transactions , this situation will tax ??

Head of Household Questions Not rated yet
My husband and I have been living apart for 7 months, we have 3 children and have agreed on everything without haveing to get a mentor involved. We have …

Regarding Tax benefit  Not rated yet
Dear Sir, There is a small land of Rs 6 Lakh around in the name of my mother & she is housewife. Now there will be income tax deduction on her name …

Gift Tax Not rated yet
Monthly 20,000 from mother to daughter is it taxable?

Adoption Tax Questions Not rated yet
I am retired and I moved in with mom to take care of her. She is 91 yrs. old and can not be left alone. I am also raising a 9 yr. old stepgrandaughter …

How Much Inheritance Tax Not rated yet
I have a question about Inheritance tax. How much would my tax in texas be on $100,000? Thank you for your question about how much inheritance tax …

Capital Gains Tax Questions Not rated yet
I recently bought a condo and have an adjustable rate mortgage. Shortly afterward, I sold my house and cleared about $26,000. I want to pay down my …

IRA Questions Not rated yet
I have a disability and had to quit my job. I receive monies from UNUM Life Insurance third party plans (through my past employer)and receive a W-2 yearly. …

Residential Status Not rated yet
mr.y is an indian citizen.he went to holland on 10-8-2009.he rerurned on 1-5-2010.he kept a house in kolkata in period he was out of india.what would be …

LOCKED UP Not rated yet
IF MY HUSBAND WENT TO PRISON CAN I FILE INCOME TAX FOR HIM OR GET POA TO DO TAXES OR DOES HE JUST NOT FILE?

Non Disclosure of Previous Employer Income  Not rated yet
Dear Sir/Madam, 2 years back I had changed my Job mid of the year. I also had home loan that I had declared to my previous employer who computed my Tax …

Tax Dues/Arrears Not rated yet
Is there any way of finding if there is any pending tax demand notice of 15/20 years back or any old dues/arrears/taxes that are still due against me. …

Income Tax Arrears Not rated yet
I owe tax from last year which I have arranged with the tax man to pay off but when my accountant does my tax return for the next tax year does she have …

TAN TAX Not rated yet
I am a salon owner and have to submit for 720. Do I pay 10% of the taxes paid on packages or 10% on packages sold?

Financial Difficulty Due To Employer Withholding Mistake Not rated yet
My first two checks after transferring were about $100 short because my employer took out that amount for AZ state tax.It should have been less than $20. …

Working Under The Table Not rated yet
I worked under the table for 6 months while collecting disability. The job started out as just a couple of hours/week and grew to apx 30/wk. I was paid …

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Am I Responsible For His Taxes Not rated yet
What do I do if my husband died without filing taxes for 2009 and 2010 and owes penalties and 401k interest and I filed using married filing separately? …

Homeless Senior Not rated yet
My 85 year old mom has been living in a nursing facility for the past three months. She pays share of cost to the facility with her monthly Social Security …

Itemization Not rated yet
Is is necessary to have $10,000.00 in itemized deductions for us to deduct medical / Rx drug expenses ?

Taxes on room and board paid by a disabled sibling Not rated yet
Do I need to pay taxes on money I deduct from my handicapped sister's SSA disability income for monthly room and board (she lives with me)?

Do I have to pay taxes on money that is reimbursed to me on my paycheck Not rated yet
Hello, I drive a company vehicle to and from work and my employer covers all fuel costs. He provides this money to me in the form of a non-taxed reimbursement …

Spousal Tax Questions Not rated yet
My husband is caring for my aunt and is paid from her bank account. Can I have the checks made out to me so he doesn't spend it all at the bar? If …

K 1 form 1065 Not rated yet
If you inherited a partnership (LP) (Domestic Partner) type of entity -(individual) upon your mothers death The partnership is a Seniors citizens …

Commissions Not rated yet
Fred is an insurance agent who receives commission on each policy he sells. In 2006, he purchased a policy for his own life, naming his wife the beneficiary. …

Taxes Not rated yet
I owe 30,000 in state and federal taxes. I am not working at the time and have no income at all but own my home out straight. Will the irs take my home? …

Education Questions Not rated yet
I'm a full time independent student who has a dependent. i only worked two weeks out of this year through a program called put illinois to work. i wanted …

Self Assessment - Cash in investments buy land for farming Not rated yet
Hi Please could you help me - A farmer has cashed in his overseas investments and uk isa's and has bought some extra land for farming livestock. Where …

Mr. Mukesh submits the following particulars Not rated yet
Mr. Mukesh submits the following particulars in respect of his income of previous year 2010-11. Rs. Income from Business 1,05,000 Interest on Govt. …

Is my Dad's monthly check considered income to me? Not rated yet
I quit my job and brought my elderly dad into my home so I could take care of him. He gets a check for $3000 every month from his investment account, …

Social Security A Not rated yet
My mother is 70 years old and lives alone. She receives a SS check every month. The check is a SSA check. Even though she gets this check i still have …

Life Insurance Policy Redemption Not rated yet
Are the proceeds from redeeming a life Insurance Policy taxable?

Parking Not rated yet
Can I use a parking pass for work as a tax deduction? What if the company gives a free pass but it is not in the same building I work?

Roth IRA Questions Not rated yet
My ex husband is starting an Roth IRA for our daughter for 2100 dollars and is sending me her 1099 for taxes do I have to pay taxes on this money since …

Living Abroad Not rated yet
I am a US citizen with four children living abroad, can I still file for eic and ctc based on my physical address? I am a CA resident as far as legality. …

Investment Questions Not rated yet
I pay an advisor fees to manage a portfolio of investments, mainly stocks, and the fees are based on the value of the portfolio. Annually I get a summary …

Fraud Loss Not rated yet
Can money loss due to fraud be taken off your income tax?

K-1 Questions Not rated yet
Do I have to file a K-1 on which very little income was made?

SELF ASS.YEAR 2011-2012 AMT PAID TWICE DUE TO NET BANKING ERROR Not rated yet
SIR DUE TO NET BANKING ERROR WITH BANK OF BARODA , GOWALIA TANK , MUMBAI SELF ASS.TAX FOR A.Y 2011-12 ONLINE PAYMENT MADE TWICE OF SAME AMOUNT. SO PLEASE …

British State Pension Contributions Not rated yet
I am a Canadian citizen living in Canada. I am originally from England. I have been making cotributions to the British state pension plan. I will have …

Widow Tax Questions Not rated yet
My husband passed away in July 2011, he was 67, he was collecting full ss and unemployment. I do not work am I required to file taxes at the end of the …

Regarding New Pension Scheme Not rated yet
My question is regarding New Pension Scheme for central govt employee I want to know that 10% of Govt Share and 10% emplyoee share is exemption from …

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Partnership Tax Questions Not rated yet
I had a business with a friend. A 50/50 partnership. The business ended up failing. My partner never paid taxes on the business and now the IRS is coming …

SAHM Who Worked For 6 Months. Not rated yet
I am a stay at home mom, but worked for about 6 months of the year. We have 1 daughter. Can my husband claim me as a dependent, since his one income …

Sub-Contract Labor Not rated yet
I have worked for a painting company for over 10 years, dureing this time the only way he would pay me was sub-contract labor, I was full time with this …

ADDITION Not rated yet
ACCORDING TO FORM 26AS DURING THE ASSTT. PROCEDING ASSESSING OFFICER FOUND THAT RECEIPTS OF RS. 450000 HAS NOT BEEN ACCOUNTED FOR THERE FORE ADDITION OF …

My Yearly TDS 10,000 Not rated yet
My yearly TDS 10,000. How much I will invest to get back my tax(10,000) what kind of invest will be suitable for this such as LIC or Taxsaving fixed deposit? …

1040 Tax Questions Not rated yet
Good Morning, Up until 7/31/11 I had been working as a full-time employee (W-2). From 8/1/11 to the present, I have been working as a computer consultant …

About Tax Questions Not rated yet
How do I give my date of birth on a pan card form?

Inheritance Questions Not rated yet
If I am left an inheritance from my mother after she passed, do I have to file it on my income taxes? I am retired.

Laptop Not rated yet
Hi I invest in shares and monitor the market via a website which costs me $60.00 per month. I buy/sell shares based on the advise from this program. I …

Social Security Questions Not rated yet
I am working at a university as a part time lecturer. I started working there at age 63 which made me ineligible for the college savings/retirement program. …

Amendment Questions Not rated yet
I just efiled my 2010 tax return and mistakenly added a 2011 W2 should I wait for the refund and then amend the return and pay the difference?

Trust Tax Questions Not rated yet
Before my Mother passed away in 2010, we put everything of hers into a Trust. We did not know that the deed (house is paid for) should have been transferred …

Renting Rooms to Family Not rated yet
Is rent received from family, for rooms rented to them, in your main home reportable to the IRS?

Home Questions Not rated yet
My father is buying a house in Georgia he lives in Indiana. We can not get financed till March. The loan is thru his financial company as a back up of …

Started Business with 5 Lakh  Not rated yet
I started my business in jan 11, my age is 34. I invested 5.00 lakh in cash in my businss. I want to know, income tax purpose, is it ok or not?

Refund Questions Not rated yet
My husband and I filed he filed injured spouse our bankruptcy was discharged but they still haven't released our refund though they say we should get it …

Work Out of State Not rated yet
Hi, I live in OR and just started a job in WA. My 1st paycheck states the following deductions: Employee Medicare $ Soc Secur $$ OR State income $ …

Totally Uncertain About Tax Return Not rated yet
Do people in nursing homes with Dementia have to lodge an Australian Income Tax Return?

Casualty Tax Questions Not rated yet
Lost some equipment in a fire. Insurance paid the replacement cost of the item, which resulted in a gain, and the item lost still had depreciation value. …

Insolvency Not rated yet
I have a question about insolvency. Do I have to file a tax return if I am insolvent? Thank you for your insolvency question. If you are required …

Requirement of Audit by CA Not rated yet
I am a marine consultant. During 2009 - 2010 my income was 14 Lac and I got by accounts audited by CA as per requirements. Now during 2010-2011 my income …

Past Employment Not rated yet
looking for former address of mine for proof of residency through tax refund,1963-64 ,or 1964-65

Year Specific Questions Not rated yet
If I divorced in 2007 and sold the house in the process, Do I need to report this sale of home on my return? The house was sold for 245k, after commission …

First Time Questions Not rated yet
Hi, I am about to do my first tax return on etax, just got my friend told me that I can can claim back my dividend from previous periods. How would I able …

Purchasing Car Through Loan? Not rated yet
hello sir/madam, I just want to ask u a question! I'm planning to take a car which costs around 13-lakh.. the financer company said me to pay a downpayment …

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Loan From Director Not rated yet
Hello, I needed a small loan for my business and went to my bank who refused to loan the business any money. So I had some savings which I loaned the …

Private Jet Service Not rated yet
I currently work for a company as an employee, and have been asked to attend a year end sales meeting, driving would take about 8-9 hours, commercial airliner …

Live in Mate Not rated yet
If my girl gives me $400.00 per month Do I have to claim it as income?

Tax Preparer Makes an Error Not rated yet
In our 2009 taxes, our tax preparer erred when computing our Federal withholding. As a result, we received a larger refund than we should. IRS has just …

New Roof Not rated yet
If I installed a new roof this year, do I get any kind of tax credit or break?

Temporary Alimony Not rated yet
I am considering entering a separation with my wife for a 3 year perion so she can keep my medical coverage which she would lose if we get divorced. My …

John R Not rated yet
I purchased a house in 2009 and applied for the $8,000 stimulus money on an amended 2008 tax return form. I never received the money. When I called the …

Will Tax Bracket Change After Death of Spouse Not rated yet
My husband died recently thus I lost alot of income. Will my tax bracket changed since my income has?

Estate Beneficiary Not rated yet
I will be receiving a sizable amount of money as the beneficiary of my brother-in-law's estate. What are my tax liabilities?

I Owe Not rated yet
The state of IL. paid me to much money two years ago, and are asking for the money back. What happens if I cant pay it right now?

Independent Contractor? Not rated yet
I work as an independent contractor. Sometimes if I get in a jamb I will farm out some of my work to my neighbor (stay at home mom). I report all my …

Making Estimated Quarterly Payments Not rated yet
I am not self employed. However, I have been making estimated quarterly tax payments on provided tax vouchers from the IRS. I hae just realized that I …

PF Contribution Reduced Not rated yet
Recently I have joined a new organization. Before joining it was agreed the PF contribution as per normal practice 12% on basic. But after my joining I …

Mutual Fund Not rated yet
I received a letter today 8-09-2011 from the irs in 2009 i redeemed mutual funds total 36000 but it was not aprofit imade 55000 that year they are adding …

Statue of Limitation Not rated yet
I had a car that repossed since 1999. Now I get a notice in 2011 from the irs that the bank have reported this as earned income for the year 2009. I live …

Capital Questions Not rated yet
My wife and I lived in a village shop which my wife ran for 26 years, due to ill health she had to close the shop three years ago which we immediately …

Contract Employee Not rated yet
I am a contract employee and may make 28000 this year. I have two children. What are chances I may just break even instead of owing a bunch in taxes? …

Total Payments Not rated yet
How can I find out how much I've already paid toward my 2010 taxes?

Do I Have a Loss Here? Not rated yet
I sold a large collection of compact disks at a loss. Is that loss a deduction on my taxes. My accountant added what I got for selling them to my income. …

WRONG ASSTT YEAR WRITTEN Not rated yet
IN MY SELE ASSESSMENT TAX BY MISTAKE WRONG ASSTT. YEAR WRITTEN. I HAVE MENSTION 2010-11 INSTED OF 2011-12. PLEASE SUGGGEST ME WHAT I …

IT RETURNS Not rated yet
I HAVE INCOME OF RS.8 LACS AS CONSULTANCY CHARGES WHICH ITR FORM I HAVE TO FILE ? WHETHER BOOKS OF ACCOUNTS SHOULD BE MAINTAINED ?

Mexican Home Not rated yet
My dad Gave me a House in Mexico. I sold it for 175,000 US dollars . I paid the 30% Mexican taxes do i have to pay taxes in the US?

Salary Employies - Plots Purchase on Installments  Not rated yet
I am working in IT company and am getting tax deduction on my whole salary . I have purchased open land/plot on installments.do i need to declare the land …

Workers Compensation Questions Not rated yet
I recieved a setlement in a workers comp case and want to know if it is taxable federaly and in Pa?

Stock Tax Questions Not rated yet
If I sell a stock, at a profit, this year, which I purchased in 2009, then use the profits to purchase another stock, so no money ever comes out of my …

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Elder Care by "Family" Member Not rated yet
My elderly mother, with dementia, lives with my sister, who works 3 days a week. My sister's granddaughter's mother, who has been living with my nephew …

Is this property damage deductible as a casualty loss? Not rated yet
This will be one of your weirder questions. :-) We have a 5-acre property; the main water line runs from the road back to the house, about 800 feet away. …

Interest Tax Questions Not rated yet
I am buying a house in Germany that will be my primary residence and I am wanting to know if I can claim the mortgage interest/expenses on my US taxes. …

Reg. Fixed Deposit Interest Not rated yet
I have a fixed deposit. Tds has beed deducted. while filling the itr form, i take the total interest of fd as income from other sources. Can i take only …

Married Tax Questions Not rated yet
My husband and I got married late October 2010. We continued to live in different states in separate households until January 2011. I filed head of household …

IRS Questions Not rated yet
I currently owe the IRS around 20,000 in back taxes from a previous job my husband had. He was let go of this position and we were unable to pay and the …

Gift Questions Not rated yet
I have got three married daughters and no son. Me and my wife, aged nearly 70years, are managing HUF of which I am the karta. Me and my wife are having …

Preparing K-1 Forms Not rated yet
I have a list of 300 people in an Excell spreadsheet. How can I prepare K-1 forms for each of them without having to enter all of the data by hand?

Reqired Minimum Distribution from Several Tax-Deferred Accounts Not rated yet
I have money in three different tax deferred accounts.. --- a couple of small IRAs and the NYC Deferred …

Dividend Income Not rated yet
I have been asked to become a director in a small company and be paid in dividends. Will I still need to complete an employment page or just the dividend …

Section 125 Not rated yet
We just started a section 125 plan. I know federal, fica, futa are exempt. But are state, local and sui taxe exempt as well?

Return Not rated yet
I filed my taxes owing arrears child support I know they will intercept payment from my return, but if the reciever of the child support owes the irs will …

IT Scrutiny Not rated yet
I am a salaried employee in Pvt. Ltd companhy. I got a notice u/s 143(2) regarding for return filed for FY 2008-09, in August 2010. I personally met the …

Corporation Tax Questions Not rated yet
I want to change my sub-s corp from a Kansas corp to a florida corp. I own real estate in Kansas under this corp. What will my tax situation be regarding …

Flat Rate Not rated yet
If I am employed as a Rigger/Scaffolder dual ticketed and my employer pays me a flat rate of $45.What are my responsibilities to him and what are his resonsibilities …

Residency/Withholding Issues Not rated yet
I have (2) separate questions, so hope this is OK. My first question concerns State Residency issues - here is the situation: My husband has been living …

Penalty Questions Not rated yet
Penalty for dalay in audit u/s 44AB is levied. It is pleaded before the CIT (A) that owing to the continuous illness of the accountant it was delayed, …

Estimated Tax Questions Not rated yet
Do you have a chart to show how much taxes I would have to pay when I retire with my pension and social security? Please refer to the following worksheet …

Mobile Office Not rated yet
I am curious as to whether or not a rv can be used as an expense as a mobile office? If the RV you are using is being used exclusivley for business …

TDS Questions Not rated yet
Please tell me sir I am 62 yrs old and I don't have any source of income. My wife died this year and I have got Rs 24 lacs from her office (gratuity …

Parent Tax Questions Not rated yet
My wife and I separated in 2006-2007, and I was deemed the non-custodial parent, living in a separate house. I sold that house in 2009, reconciled with …

Superannuation Questions Not rated yet
I have a client that has put aside x$ for an employees super fund if they stay employed up till a certain period. They collect if they stay to that point …

UK British Pension Not rated yet
Can I claim my United Kingdom old age pension on line 314?

SSDI Tax Questions Not rated yet
I Sold my farm 2 years ago to pay medical bills and the income for the crop does not get pay till the following year 2010. Since than I went on SSDI how …

Re-Issue New Check Not rated yet
I forgot to cash my income tax refund from 2008 and now it is 2011, can they re-issue me a new check?

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Work Questions Not rated yet
How much can I earn before paying income tax on it. How much you can earn before paying income tax on it depends upon your filing status. In 2010, …

Sweepstakes winnings Not rated yet
I recently won the Marlboro sweepstakes Prze 5000$ american express gift of travel along with a check for 1,700$ Due to illness I have been unemployed …

Cash Tax Questions Not rated yet
If payment made in cash is exact rs. 20000, can we get deduction?

Transfer Tax Questions Not rated yet
I'm in a situation where I have a pension income as well as a working full time income. Taxes kill me. This year I paid $285 that I owed. This after I …

Siblings Living in the Same House But One Pays Mortgage  Not rated yet
I own a house and my brother lives with me. I pay the mortgage and all other costs. He pays me about half the money. Can I deduct all interest and taxes …

Is it True??? Not rated yet
Is it true, in cases of separation without a divorce in place, the court appointed, custodial parent has the authority to claim the children on taxes? …

Lawsuit Winnings Not rated yet
I need to know about lawsuit winnings. Is the money I received from a lawsuit taxable to me? If so, how do I go about claiming the lawsuit winnings on …

Hurt in Afghanistan Not rated yet
I was hurt in Aghanistan after spending only 8 months overseas. I was humivaced into Germany then flown home. Do I still qualify for the tax exempt status? …

Lived in WA all year, paid back pay from previous employer in NJ Not rated yet
I lived in Washington all year, but received back pay from 2009 from a previous employer in NJ. Do I need to file taxes in NJ? Thank you!

Donations Tax Questions Not rated yet
My church owns a rental house. The tennant moved out after 17 years. I told the church I would provide the work on the inside to get it ready to rent again. …

Different Totals in Line 1 (wages) & line 16 state wagesI lived in Ca Not rated yet
My W-2 form had total wages of $40,000 (not real numbers) I lived 6 months in AZ and 6 months in CA, both with the same company. Line 16 (state wages) …

401k Questions Not rated yet
First some background: My company went bankrupt in 2009 and was bought out by another; as a result I lost my job under the WARN act. My last day was 12/18/09, …

Live In Relative Not rated yet
I have a sister who has been living with me for the last two years. It was suppose to be temporary, anyhow, she made under 3600.00 dollars last year and …

Rent to Own House Bought For Daughter Not rated yet
Some time ago I purchased a house for which my (divorced) daughter w/5 children was going to pay rent. The object was that eventually the house would …

Bank Account in Another Country Not rated yet
If taxes are paid on interest in another country, is an individual required to pay tax here in the US on the same account?

Out of Country Not rated yet
My daughter in law's parents moved to Brazil last year and they are US citizens. Can my daughter in law do their income taxes here in the US on turbo …

Deceased Questions Not rated yet
My husband's grandma passed away on 05/20/10 and only had pension of $1,384.50 (1099R), $2,484.06 of cancelled debt (Form 1099C) and $5,787.00 in SS (SSA-1099). …

W2 Questions Not rated yet
I have considerable company paid housing expenses included on my W-2 this year. I had them last year as well but only for approx 4 months. This years …

Travel to Another State to Keep Job Not rated yet
I accepted a job where the company requires me to be in Newark, NJ a week per month because there are no local job that fit my skill set. I kept my residence …

More Income Tax Questions Not rated yet
How much transaction will take search income tax in state bank of india?

Auto Questions Not rated yet
I received a $500 per month auto allowance. It showed up on my W2 without anything with held making my taxable income higher. Can I deduct mileage or …

STANDARD MILEAGE RATE VS ACTUAL EXPENSES Not rated yet
I USE MY TRUCK FOR WORK, IT IS PAID FOR, FULLY DEPRECIATED AND I STARTED USING ACTUAL EXPENSES WHEN I PUT THE TRUCK IN SERVICE. NOW I WOULD LIKE TO USE …

Farm Sale Not rated yet
My husband & I sold our 5 acre farm and principal residence as of April 30, 2010. In 2010, we had no income from sales, but we received a little money …

Canceled Debt Question Not rated yet
I entered into an agreement to purchase a lot in a coastal subdivision in South Carolina. Subsequently, I was informed by an attorney in Virginia where …

Use of a Truck on a Farm! Not rated yet
I bought a truck to use on my small farm this year can I take it off on my taxes?

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Help Questions Not rated yet
If you have no tax what happens with ur income tax?

Probate Estate Not rated yet
How do I handle distribution from probate estate in my income tax return?

Conversion of Personal to Rental Property Not rated yet
Can you tell me how best to handle this situation? At the beginning of 2010 I bought a new home - and rather than sell my old home in this terrible market …

Office Space At Home Not rated yet
I work from home using a bedroom as my office space. In the room is my desk, desk top computer, monitor, filing cabinet, 2 printers (One is an all in …

Redundency Pay Not rated yet
I was made redundant a year ago and given a lump sum. only 20% was paid in tax so I face a tax bill of £10,000. they have now asked me to fill in a self …

Recently Separated Not rated yet
My wife and I recently separated, we filed a joint return I worked the entire year while she stayed at home with kids (homemaker). I just received the …

A Dirty Deal Not rated yet
I filed my two daughters on my tax return for the year 2008 and received the earned income credit. Well, it was time for me to file for the year 2009 and …

Why Do I Owe The State Money For a Roth IRA Conversion? Not rated yet
I converted my Traditional IRA to my Roth IRA and was trying to decide if I should pay now or do the 2 year split. I found when I decide to pay now that …

Complicated!!! Not rated yet
I have a pretty complicated set of questions related to tax credits. I bought a home in 2008 that required some extensive repair. My tax professional at …

EIC Eligible? Not rated yet
My daughter (age 22) attends college in St. Louis but we live in Cincinnati OH. I pay her rent (my name is on the rental contract) and houehold bills. …

Sole Proprietor Not rated yet
Can I deduct as a loss as a sole proprietor if I did some work for a company and they never paid? If so how? …

Daughter's House Note Not rated yet
My daughter is disabled and waiting for her SSD hearing. I have made her house payments for the last two years. Can I count that on my tax return?

1098 Questions Not rated yet
In previous years my son's 1098 form was sent to me (parent) and I included it in my 1040 income tax filing. This year the university in which he attended …

Business Questions Not rated yet
We purchased a computer for use in our home-based business. The computer was purchased in Oct. 2010, and we are making monthly payments on it. For our …

Income Questions Not rated yet
My child had income of less than $950.00. He had a final Schedule K for a gift trust. Long term gains less than $20.00 and final year distributions $10.00. …

Passive Active Loss For PTP Not rated yet
If I have a loss on line 1 and line 10 of a schedule k-1 (form 1065) with PTP selected, what forms do I have to file with the IRS to capture and/or report …

Making Work Pay Credit Not rated yet
I am married filling jointly but my son show my wife/his mother as a dependent on his income tax filling can i take making work pay credit for me only

Relocation Expense Question Not rated yet
I recently moved from Chicago to Boston and am planning on deducting the expense of moving my household on the tax return for 2010. When I moved I had …

Reporting Questions Not rated yet
If a partnership is held within an IRA, does the profit or loss reported on form K-1 need to be reported on your income tax?

Mistaken State Residency Not rated yet
I receive a pension from the Federal Government. I used to live in California. We moved in 2009 to Louisiana. By mistake, our state of residency was …

Unemployment Questions Not rated yet
Hi there, I live in Texas and received unemployment in 2010. I had the standard 10% withheld but when entering into my taxes this year, the amount I owe …

Compensation Not rated yet
Is income from social security considered "compensation" when determining eligability to contribute to an IRA?

Perdiem and Mileage Not rated yet
My husband is in the plumbers and pipefitters union and usually works out of town. He has a lot of expenses he has to pay out of his own pocket. Nothing …

Owner Operator Truck Driver Not rated yet
I am an owner operator truck driver. What is my personal tax deduction with regards to my line of profession? Are there any special deductions that I qualify …

Mother Tax Questions Not rated yet
As a U.S. citizen leaving in Israel, I gave birth in 2010 and received a 3-month paid maternity leave. The money came from the National Insurance Agency …

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I Only Got Part Of My Refund Back Not rated yet
I only got part of my federal refund back. The IRS says that I need to complete paperwork before I can get the rest of it. Why is that?

Court Judgement  Not rated yet
Can I claim a loss on my 2010 return for a civil court judgement of $7800+ which I was awarded in March 2009 but that the defendant hasn't paid?

Monthly Pay Not rated yet
My question pertains to being paid monthly rather than semi monthly or biweekly. Do I get taxed more if I am paid monthly? It seems like I might have to …

Live & Work in South Dakota, but have a Minnesota Residence. Not rated yet
I'm helping a friend do her taxes. She has had a residence in the State of South Dakota since the end of January 2010. She works in South Dakota as well. …

Mileage Tax Questions Not rated yet
If your employer pays mileage by. Totaling then subtracting 30 can I turn in my unpaid mileage. Witch would total 212 times 30 for a total of 6360 would …

American Opportunity Credit Questions Not rated yet
Can I claim my student loan interest that I paid all year under the American Opportunity tax credit form even if I graduated in 2009? I didn't get to claim …

Turning 18 Not rated yet
My daughter turned 18 and moved out in Nov. She gave birth in Dec. And filed single head of household with one dependent. Can I claim her as my dependent …

Name Change Not rated yet
I got married since I bought my home which qualifies for a homebuyer credit and all docs have my maiden name. Should I submit change of name proof with …

Benevolence  Not rated yet
Our church gave a needy family 500.00 benevolence for 1 year. Are they to be taxed on this as income?

Am I Paying? Not rated yet
Have been employed for 7 years. Never had a p60. No proper pay slips and no written contract. However I believed I was paying in another way as money is …

I Have Supported My Niece  Not rated yet
Can I use my niece as a dependent? Does it make a difference of age? Hello, Thanks for your inquiry. You can claim your niece as a dependent …

Separated Questions Not rated yet
Hi, I live in Florida and my husband has lived in Arizona for over a year. There are no signed papers, so we are still legally married. He pays my …

Gambling Winnings Questions Not rated yet
I am claiming $1600 in winnings. Will claiming $1600 in losses reduce my taxes owed?

Writing of Membership To Shed Aquarium Not rated yet
How do I write off my membership to the shed aquarium?

Hud-1 Private Sale and 1098 Question Not rated yet
I bought a home through HUD-1 private sale and make my payments to a Mortgage company that makes the payment to original mortgage holder but the 1098 comes …

Sales Tax Multipul Rates Not rated yet
My total sales tax Rate is 8.25%. I had an outdoor kitchen build by a contractor from a neighboring city whose sales tax rate is 8.00%. When claiming the …

Refinance Not rated yet
Can you write off the costs to you to refinance your home for a lower intrest rate?

Receving a Child Care/Child Income Credit Not rated yet
I am single disabled father of one child and do not recieve SSI , but recieve food stamps and 400 dollar monthly alotment for my child and me to live on …

Lady Bird Deed Not rated yet
My father passed away February 2010. He had a lady Bird deed on his home in Texas naming myself and brother as the grantees to his home which transfered …

Quarterly Tax Questions Not rated yet
I sold a stock in the first quarter of 2011 and established a long term capital gain. I have to make a quarterly tax payment on the gain in the first …

Moving Questions Not rated yet
I’m 70 years old. I have been very sick. I moved from florida last July to Indiana to be with family. How will this affect my taxes?

Form Questions Not rated yet
1040 form where do I insert the amount for Medicare Part B and Part D?

Withdrawal Tax Questions Not rated yet
We cashed out a retirement account early in 2010 and at the withdrawal time I had 20% of the amount removed to pay for Federal income tax. Now that I am …

Previous Years Questions Not rated yet
How do I get my refund when i still owe part of it to a previous years tax?

Grand Kids Not rated yet
My daughter and 3 children lived full time with us last year. The oldest is handicapped and receives ssi. She has primary custody of the other two. …

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Loss Questions Not rated yet
Jan of 2010 had a house fire. Estimate on house was around $121000, contents was around $72000... Insurance company paid us $5000 back in Jan of 2010 to …

Waiting For Check In The Mail Not rated yet
Hello im waiting for a paper check in the mail but i efiled around january 14 the irs site said my dd is feb 8 and im wondering will i recieve it on that …

Child Questions Not rated yet
I paid a individual money per week to keep my son while i worked, not a actual daycare buisness. How would i claim the money i paid out last year on my …

Family Not rated yet
I am married, can my husband and I file completely seperate tax returns, as if we are single?

Money Questions Not rated yet
Im twenty years old and i want to know how much does my dad get for claiming me as a student on his taxe

Credit Card Settlement TO REPORT ON TAXES Not rated yet
I settled with 2 creditcards company Bank Of America and Citi Bank the part that was settled was a total of 22342.85 my income was 22531.90. These were …

Inlaw Not rated yet
I usually claim head of houshold, my father in law now lives with us. Can I claim him? He is retired.

Changed Jobs Not rated yet
I changed jobs in May 2010. When I file each W2 I get a refund, but when I file them together I have to pay. I have checked and the combined sum doesn't …

Gas Tax Questions Not rated yet
Can you deduct the amount you pay for gas guzzler tax on a new car?

Taxable Questions Not rated yet
Does a dividend on an insurance policy that is used to purchase additional insurance have to be reported on the Federak form.

Foreign Pension and Bank Interest Not rated yet
I earn a pension from Indian Government for my job that I performed before migrating here. In addition I get bank interest from my investments there. Also …

Earned Income Credit Questions Not rated yet
We received an out of court settlement in a liability suit we filed. It was only $3250.00. Do we have to claim this as Earned Income and where do we show …

Living in a Different State Than Residency Not rated yet
I live and work in MN (I am a student here), but am a MI resident, do I have to file taxes for MI or can I just pay MN taxes?

Juvenile With a Baby In-Jail Not rated yet
Hello, My juvenile dependent was locked-up all year until 12/15/10. While in jail, she turned 18 in June. She also had a baby girl in July. They both …

Student Questions Not rated yet
My question has to do with Student room/board and meal plans of which I have paid summer and fall of 2010 and adds up to ~ 4k. I know there is a credit …

Can I? Not rated yet
Can I still file taxes without claiming my daughter when I've made 2000$ if my mom claimed my daughter?

Received Foreign Back-Pay Wages Not rated yet
Last year, my wife received several years of back-pay wages from her former employer in a foreign country (she lived and worked in that country). She now …

ERISA Attorneys Fees Not rated yet
I was put on LTD in2006 due to my 3rd back surgery. While recouperating from third I suffered a stroke. Even though I received S.S.I. benefits my employer …

New Truck Purchase Not rated yet
Hi. I purchased a new 2010 Dodge Ram 1500 Sport Truck in September 2010 using a Certificate of Deposit I had cashed out. Do I get any extra money back …

Beneficiary Question Not rated yet
As beneficiary of a whole life insurance policy, what portion of the proceeds are taxable, the base policy amount (eg 10,000), the amount that appreciated …

Insurance/Settlement Payment Not rated yet
We received an insurance settlement for an injury in an auto accident. Is that taxable?

QDRO Question Not rated yet
Through a divorce settlement I was ordered to have funds transfered from my deferred comp plan into an account set up for my ex spouse. Can I claim these …

FEDERAL REFUND Not rated yet
I MADE 63000 IN 09 AND RECIEVED A FEDREAL REFUND OF 4100 THIS YEAR I MADE 104000 AND USED ALL INFO FROM LAST YEAR AND REFUND ONLY CAME TO 1100? WAS THEIR …

Royalties Tax Questions Not rated yet
Under contract for using a prodcut a company requires a 25% royalty payment be issued for sales where the product is involved. Are the funds that are …

Grant Not rated yet
I received a grant for my art studio is this taxable income?

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gusto ko lang pong malaman kung pano ko makukuha id ko Not rated yet
2003 i start of my sss insurance self employed pero ngayon wala pa id ko lagi ko nang pinapa low up

Surface Damage From Oil Well Drilled Not rated yet
An oilwell was drilled on our property. We do not have royalty rights but were paid surface damages since they took up part of our land. We received a …

Tax Liability Questions Not rated yet
I am on permanent disability and I have invested in a Research and Developement corp for a project I designed. Do I qualify to receive my invested funds …

Adjustments Not rated yet
I run a business from home. Is their and adjustment on the land line phone, the internet and the electric and gas bill?

UTR Not rated yet
GOOD MORNING, i AM WORKING FOR ONE OF CONSTRUCTION COMPANY AS SELF EMPLOYER. i HAVE RELISED THAT MY UTR NUMBER IS DIFFERENT ON MY EARNING STATMENT THEN …

Collecting Unemployment  Not rated yet
Hello, My name is Diane and I live in Michigan. I had been working full time and I also had a face painting business that I would do on weekends. …

LLC Tax Questions Not rated yet
I am part of a 2 member LLC. Both myself and my business partner worked this year at other jobs and each made less than 10k. My partner and I started the …

Retirement Tax Questions Not rated yet
Is there apenalty for not taking a withdrawl from a tax free account such as an IRA after reaching age 70.5?

What To Do Tax Questions Not rated yet
I have my W2 from my regular job, and i also started a business in which i had a major loss of expense. I was filing my tax, on my w2 i had 0 federal income …

Brand New Car purchase Not rated yet
Is tax for this purchase can be tax deductible? Hello Andrea, Thank you for your question. Yes, the sales tax paid on the purchase of a new …

Wall Fell Down Not rated yet
The city condemed 55' of a reatining wall here in CA. Cost me $29K to rebuild. Can I get any fed or state tax credit for this?

Length of Time Not rated yet
How long can the tax man go back to re claim out standing taxes? Hi Roland, Thank you for your question. The "tax man" can claim outstanding …

Mortgage Tax Questions Not rated yet
I purchased a very moderately priced condo in 2002. I have not gone long form from that time. Last yr's interest was sbout 3300. Am I loosing that $$ …

Is Previously Unclaimed Property Once Recovered Taxable? Not rated yet
The PA Treasury runs an Unclaimed Property Dept. I recently recovered property belonging to my deceased father (died 2002) There are no 1099 forms issued …

Exemption Tax Questions Not rated yet
Hi, Im a full time student working part time 15 hrs/wk. I was filling out my W-4 and didn't know whether or not I can be exempt from Federal WIthholdings. …

Theft Tax Questions Not rated yet
I was the victim of an inventors scam and the company was found guilty and ordered to pay the SEC 26 million. $700 was paid back to me in the judgement …

Deduction Questions Not rated yet
I am working in a software company, not as a salaried employee but as a consultant. I am receiving fees from the company and company is deducting TDS …

1099 Questions Not rated yet
I just short sold my home and I was told I will receive a 1099 . How will this hurt me on my taxes ? The home was sold for way less than what the loan …

Which Year? Not rated yet
I was paid in 2011 for woek performed in 2010. Which year do I reoirt the income -2010 or 2011?

Reverse Morgage Not rated yet
I recieved a reverse morgage on my house in May 2010 Pay 7800 of it to federal government. Do I have to pay more tax on Federal Income taxes?

Deferred Questions Not rated yet
Should I withdraw from 457 deferred comp acct.which is in mutual funds. to pay off house mortgage. Household (wife and me) income is $103,000 pension …

No Tax Payments Anywhere... Not rated yet
Hello I started work in the Middle East three months ago and am now a non-resident from the UK and also from my home country in Europe - emigrated. …

We All Need Money Not rated yet
How can I find out who is filing me on there taxes?

House Questions Not rated yet
Hello and thanks in advance for your help, Am I eligible for the D.C. First Time Home Buyer Credit if I have to repay the federal First Time Home Buyer …

Leave Travel Allowance Not rated yet
Dear team, Recently i had travelled from Mumbai to Cochin and returned from Trivandrum to Mumbai by air visiting multiple places in Kerala. I have googled …

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Can't Pay Tax Questions Not rated yet
2008 withdrew $30,000.00 from a retirement acct. to survive. At tax we found that we owed $8040.00 in taxes(federal). We did not file the taxes. We did …

Salary After Taxes Not rated yet
If I am a single person, how much would my net income be per month and after taxes if I made $46,000 per year?

Apply For VA Benefits? Not rated yet
My mother just passed away. My father made $49,930 in 2010. Should he apply for the three months of VA benefits he's entitled to ($4,680) or would that …

Expenses For Charity Work Not rated yet
Hi, I'm a caterer in Sydney, Australia and I have been approached to supply some catering at my expense for an upcoming event with a registered charity. …

Bankruptcy Tax Questions Not rated yet
If you have filed personal bankrupcy several years ago, can your income tax refund be with held.

Long Term Capital Gains Not rated yet
Can long term losses for mutual funds be deducted from long term gains for stocks on the federal return?

e-TDS Return Not rated yet
On verifying the credit of Tax deducted at Source, I found that the tax deducted by one of my employer is not appearing in Form 26AS. I requested the employer …

Rental Questions Not rated yet
In 2007 my rental property was completely destroyed by fire. My insurance company denied the claim, so when I filed my 2007 tax, I reported a loss of $30,000 …

Forex Losses  Not rated yet
Forex losses. Can they be treated as regular losses or do they get put in a different category ie. capital loss. A capital loss is only deductible …

Excess Social Security and Self-Employment Income Not rated yet
In 2009 I had two jobs that resulted in excess social security being withheld. I understand how to get a refund for this excess. BUT in October I started …

Dependent Questions Not rated yet
Can my live in boyfriend who collects ssi (680 per month)be a dependent of mine. He has no other income. He collects ssi due to depression/bipolar disorder. …

Fixed Municipal Bond Not rated yet
I have a fixed municipal bond both my son and my name is on it. I would like to remove by son's name off the bond and place him on it as payable upon …

Whole Life Insurance Cashout Not rated yet
If I cashout a whole life insurance policy where would I enter it on my federal tax form? Hello, Thank you for your inquiry. If you surrender …

Changing Tax Status With Employer To Exempt Not rated yet
I'm considering changing my tax status for a few months with my present full time employer from 2 (married filing jointly) to exempt. My husband is disabled …

Underwater Mortgage Not rated yet
We have an underwater mortgage on a vacation property we want to sell. If we sell at todays prices, we will have to take a $80,000 loss. Is this loss …

Need Advice Not rated yet
I have taken a loan from my bank. They are taking money from my account to pay it off monthly for the next four years. The amount of the loan was for seven …

Statutory Employee Not rated yet
I am employed by a hospital as a full time home based Medical Transcriptionist. My employer provides the computer equipment and reimburses me only for …

Medical Questions Not rated yet
A person has been going through cancer treatment and the community did a fund raising campaign for expenses and the fund was set up at a local bank. What …

Pension Questions Not rated yet
I recently retired. I receive a small monthly pension. My total pension is a little more than $6000 a year. I have no other pension. I have a new job with …

Hobby Expense Credit Not rated yet
I play recreation soccer throughout the year. Each season costs from $50 - $65. I am on 2 teams. There are four seasons per year. Can I claim this …

Upside Down Mortgage, Separation, Job loss Not rated yet
My wife and I separated last September and will be filing for divorce in a few months. The prior months saw me losing my job and we also had to sell our …

Property Questions Not rated yet
My rental property was demolished midway in 2009 by the city of Birmingham, AL. I still own the land. What is the tax treatment? I was not paid anything …

Unreimbursed Employee Expenses Not rated yet
I work for a community college and get reimbursed for some of my required travel but other times there is no reimbursement for the travel. At times I …

Married Filing Separately Questions Not rated yet
I am retired and have very little income besides social security and pensions. The problem is that I owe over a $100,000.00 in back taxes I pay a monthly …

New Born Baby to 18 Year Old at Home Not rated yet
I have a daughter that has given birth one day before her 18th birthday in Dec. 09. She has never worked and got a W2. Can she file an income tax form …

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Unanswered Tax Questions Not rated yet
Do I have to file a 1099 if I earned under $3000 as an independent contractor?

Should I File Questions Not rated yet
In the year 2009 I didn't work as much I only made $2151 because I kept getting laid off and I want to know if I would qualify to file taxes and maybe …

Is Alimony Taxable? Not rated yet
Hello, Please help: Is alimony taxable? Hello Penny, Thank you for your question. Yes, the money you receive from Alimony is taxable. …

New Standard Mileage Rate? Not rated yet
What is the new standard mileage rate for 2008? The new standard mileage rate for 2008 is 50.5 cents for January 1, 2008 through June 30, 2008 and …

Write Off Questions Not rated yet
I have a few questions regarding write offs. I have been working as an independent sales rep for about 4 months. It requires driving to a meeting with …

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