Income Tax Questions,

Ask a Free Income Tax Question

Submit income tax questions ~ See other visitors questions and answers

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.

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.

The advice I give is only from my experiences, and I don't have experience with everything. So, 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.

Of course you can still contact me if you have a question that you feel would not benefit others or needs a personal response.

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.

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.

Important: When you ask your question, please include as many details as possible.

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

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 ...

House Sold at a Loss  Not rated yet
What happens tax wise if you sell your house for less than you bought it for?

Thank you for your question.

Nothing happens tax wise when you sell ...

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.

Meanwhile,...

How do I handle the sale of a home equity financed vacant lot on which I intended to build?  Not rated yet
We purchased a lot in December 2007 with the intention of building within 8 months. We paid cash, but financed it with a HELOC of over $110,000. No ...

Tax Liability Questions  Not rated yet
The Tax Liability Questions page is where you can ask or answer questions regarding tax liabilities.

Can't Pay My Taxes  Not rated yet
What if I can’t pay my taxes?

Hello,

Thank you for your question.

If you can't pay your taxes, first of all - don’t panic! If you cannot ...

First Time Home Buyers Credit  Not rated yet
What can you tell me about the first time home buyers credit? I purchased my first home in 2008 and would like to figure out if I can take the credit....

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 ...

Finder's Fee Taxable?  Not rated yet
A Washington State company will be collecting a Finder's Fee from a Canadian manufacturer. Do we need to collect GST?

What if the manufacturer was ...

Can I Claim my 24 Year Old Full Time Student on My Tax Return?  Not rated yet
My daughter is 24 and a full time college student in the Masters Program at Sac State. She will be a full time student for about 3 more years. My question....

Business Write-Offs  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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