Income Tax Questions

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Are you having any difficulties with your income taxes? Here on the Income Tax Questions and Answers page, you can ask anything you want pertaining to IRS federal taxes. It's free and easy to do.

In response to the number of inquiries I have been receiving via email, I decided to start this page to answer any issues you may be having.

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Rather than answering individually 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.

Income Tax Questions

The income tax questions page at offers several valuable benefits that can assist you in navigating income tax matters effectively. Here's how you can benefit from it:

  1. Expert Insights: The page provides access to expert insights and guidance on income tax-related questions. By consulting the information available, you can gain a deeper understanding of tax concepts, regulations, income tax deductions, credits, and filing requirements.
  2. Clarification of Doubts: If you have specific income tax-related questions or concerns, the page allows you to seek clarification. By submitting your inquiries, you can receive expert responses tailored to your situation, addressing any uncertainties you may have.
  3. Personalized Advice: The income tax questions page offers the opportunity to receive personalized advice based on your unique circumstances. By sharing relevant details about your income, deductions, and financial situation, you can obtain tailored recommendations to optimize your tax position and maximize available benefits.
  4. Enhanced Compliance: Staying compliant with income tax regulations is crucial to avoid penalties and legal issues. The page can help you understand your tax obligations, ensuring you file accurately and on time. By following the guidance provided, you can maintain compliance with the latest income tax laws.
  5. Tax Planning Strategies: The page may offer insights into tax planning strategies that can help you minimize your tax liability. By understanding available deductions, credits, and strategies, you can make informed decisions to optimize your tax situation and potentially reduce your tax burden.
  6. Up-to-Date Information: Tax laws and regulations evolve over time. The income tax questions page can provide you with the latest information and updates, keeping you informed about changes that may impact your income tax filings. Staying up to date ensures that you are aware of any new deductions, credits, or filing requirements that may be advantageous to you.
  7. Empowerment and Confidence: Accessing the income tax questions page equips you with knowledge and empowers you to take control of your income tax matters. By understanding the intricacies of income tax, you can make informed decisions, confidently file your returns, and potentially identify opportunities to optimize your financial situation.
  8. Resource for Self-Education: The page serves as a valuable resource for self-education. It offers a wealth of information that can help you build your understanding of income tax principles, enabling you to become more self-reliant in managing your tax obligations.

By leveraging the income tax questions page at, you can gain valuable insights, receive expert advice, enhance compliance, and make informed decisions to optimize your income tax situation. It serves as a valuable resource in navigating the complexities of income tax matters and can contribute to your financial well-being.

The advice I give is only from my experiences, and I don't have experience with everything. So, if you are a business owner or 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 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.

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What Other Visitors Have Said

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Income Tax Calculation Questions - Number Crunching 
If Harry made $16,000 last year at his job and he paid 11% in income tax, how much was his tax?

Sales Income Tax Questions - Obligation Insights 
I have not filed income taxes for 15 years because my only income is Social Security. I sold my moms house this year and the profit was $170,000. This …

Cash Income Tax Questions - Financial Control 
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 …

Divorce Income Tax Questions - Financial Considerations 
I'm in the process of getting divorce. My separation date May 13, 2022. But we were living together until august 25, 2022. I had been the only provider …

Insurance Income Tax Questions - Future Safeguarding 
Can the IRS take the life insurance I leave my wife upon my death?

Capital Gains Income Tax Questions - Investments 
Can I buy a house and sell my old house after a few months. What will be the tax liabilities?

Age Income Tax Questions - Contextually 
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?

Student Income Tax Questions - Educational Finances 
How much income do I have to make in order to file income taxes as a student?

How To Tax Questions - Expert Advice 
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 Income Tax Questions - Various Aid 
For some disabled veterans in 2022. The state already exempts some vets from paying property tax on their homes if they've been declared 100 disabled …

Domestic Partner Income Tax Questions - Counsel 
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 …

Self Employed Income Tax Questions - Freelancers 
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 …

Income Tax Responsibility Questions - Fulfilling Obligations 
I'm married but my husband doesn't work I also have SI and welfare but still work. I had filed jointly for my taxes. Will I be responsible for his …

How Much Income Tax Questions - Tax Liabilities 
If I have 2 dependents other than me and my wife how much money do I get?

Income Tax Refund Questions - Tips and Strategies 
I am head of household and have a 4 year old son and made just a little over $7,800 this year. What's the estimate for my income tax refund ?

College Income Tax Questions - Higher Education 
If i am 19 and I'm in college how much would it get back if my mom carries me?

Cost Basis Income Tax Questions - Original Price 
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 …

Conservatorship Income Tax Questions - Legal Guardianship 
I'm the conservator of my father, not for his finances just for the person. I get $1,500 a month that was court awarded. Is that money taxable?

Declaring Income Taxes Questions - Navigating Earnings 
In the state of New Jersey, are you able to declare yourself as your own dependent in the tax forms?

Career Income Tax Questions - Professional Growth 
What are the personal tax and NI liabilities for ATI payments received from a former employer? These ATI payments are directly linked to royalties …

Adoption Income Tax Questions - Resource Process 
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 step-grandaughter …

Employee Income Tax Questions - Hiring Management 
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 …

Income Tax Itemization Questions - Increasing Savings 
It is necessary to have $10,000.00 in itemized deductions for us to deduct medical / Rx drug expenses?

Income Tax Education Questions - Gain Knowledge 
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 …

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Roth IRA Income Tax Questions - Elegible Retirement 
My ex-husband is starting a 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 …

Investment Income Tax Questions - Wealth Building 
I pay an advisory fee 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 Income Tax Questions - Reputation Protection 
Can money loss due to fraud be taken off your income tax?

Income Tax State Questions - Location Taxes 
I am a Canadian citizen living in Canada. I am originally from England. I have been making contributions to the British state pension plan. I will …

Widow Income Tax Questions - Finances After Loss 
My husband passed away in July 2011, he was 67, he was collecting full social security and unemployment. I do not work am I required to file taxes …

1040 Income Tax Questions - Personal Return 
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 Income Tax Questions - Comprehension 
How do I give my date of birth on a pan card form?

Asset Income Tax Questions - Unlocking Value 
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 advice from this program. …

Trust Income Tax Questions - Estate Plans 
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 …

Casualty And Theft Income Tax Questions - Your Rights 
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. …

First Time Income Tax Questions - Beginner Filings 
Hi, I am about to do my first tax return on e-tax, just got my friend told me that I can claim back my dividend from previous periods. How would I …

Claim Income Tax Questions - Asserting Entitlements 
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 …

Contract Labor Income Tax Questions - Subcontractor Rules 
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? …

Salary Income Tax Questions - Career Pay 
I am working in IT company and am getting tax deduction on my whole salary. I have purchased open land/plot on i need to declare the …

Workers Compensation Income Tax Questions - Workman's Comp 
I received a settlement in a worker's comp case and want to know if it is taxable Federally and in PA?

Capital Income Tax Questions - Building Blocks 
I think payroll have been filling in the payroll P11d form wrong. Because I made the choice to have a car that is above my grade, I have to make a capital …

Income Tax Preparer Questions - Ultimate Guide 
We just started a section 125 plan. I know federal, FICA, FUTA are exempt. But are state, local and SUI tax exempt as well?

Corporation Income Tax Questions - Forming Company 
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 …

Penalty Income Tax Questions - Late Fees 
Penalty for delay 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 Income Tax Questions - Prepayments 
Do you have a chart to show how much taxes I would have to pay when I retire with my pension and social security?

Life Income Tax Questions - Journey of Lives 
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 …

Superannuation Income Tax Questions - Secure Retirement 
I have a client that has put aside x$ for an employee's super fund if they stay employed up till a certain period. They collect if they stay to that …

Sweepstakes Income Tax Questions - Winner's Circle 
I recently won the Marlboro sweepstakes Prize 5000$ American Express gift of travel along with a check for 1,700$ Due to illness I have been unemployed …

Transfer Income Tax Questions - Inheritance and Gifts 
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 …

Income Tax Reporting Questions - Keeping In Check 
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? …

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Donations Income Tax Questions - Contribution Limits 
My church owns a rental house. The tenant moved out after 17 years. I told the church I would provide the work on the inside to get it ready to rent …

Deceased Income Tax Questions - Estate Dealings 
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). …

Auto Income Tax Questions - Travelling 
I received a $500 per month auto allowance. It showed up on my W2 without anything withheld making my taxable income higher. Can I deduct mileage …

1098 Income Tax Questions - Mortgage Interest 
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 …

Business Income Tax Questions - Success Tips 
We purchased a computer for use in our home-based business. The computer was purchased in Oct. last year, and we are making monthly payments on it. …

SSDI Income Tax Questions - Beneficiaries 
My wife is disabled and receives SSD checks every month. She can no longer work. Can I claim her as a dependent.

401k Income Tax Questions - Building Security 
I took a lump sum distribution from my 401K plan and paid federal taxes on it. here do I put it on my 1040 form and do I owe any further taxes? …

American Opportunity Credit Income Tax Questions - Education 
Can I claim my student loan interest that I paid all year under the American Opportunity tax credit form even if I graduated that year? I didn't get …

Separation Income Tax Questions - Financial Transitions 
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 …

Gambling Income Tax Questions - Winnings Implications 
I am claiming $1600 in winnings. Will claiming $1600 in losses reduce my taxes owed?

Money Income Tax Questions - Smart Planning 
I'm twenty years old and I want to know how much my dad gets for claiming me as a student on his taxes.

Gas Income Tax Questions - Expensing Fuel 
Can you deduct the amount you pay for gas guzzler tax on a new car?

Income Tax Filing Questions - File Without Stress 
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 …

Beneficiary Income Tax Questions - Estate Planning 
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 …

Royalties Income Tax Questions - Creative Professionals 
Under contract for using a product a company requires a 25% royalty payment be issued for sales where the product is involved. Are the funds that …

Theft Income Tax Questions - Thievery Relief 
I was the victim of an inventor's scam and the company was found guilty and ordered to pay the SEC 26 million. $700 was paid back to me in the judgement …

Mortgage Income Tax Questions - Maximum Deductions 
I received 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?

Income Tax Deferral Questions - Defer Taxes 
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 …

Travel Income Tax Questions - Journey Savings 
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 …

Can't Pay Tax Questions - Assistance 
I 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 …

Bankruptcy Income Tax Questions - Financial Recovery 
If you have filed personal bankruptcy several years ago, can your income tax refund be withheld.

Pension Income Tax Questions - After Working Plans 
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 …

Property Income Tax Questions - Own and Invest 
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 …

Married Filing Separately Questions - Tax Filing Options 
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 …

Should I File Questions - Filing Decisions 
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 …

Write Off Income Tax Questions - Expensing Concerns 
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 …

Charitable Contribution Income Tax Questions - Giving 
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 …

State Income Tax Questions - Across The States 
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 …

Status Tax Questions - Different Filing Options 
What happens if you file married but have different last names?

Pay Income Tax Questions - Meet Your Obligations 
My company cut our pay by 3% can I deduct that as a loss on my income tax?

Home Income Tax Questions - Homeowners and Renters 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 …

Residency Income Tax Questions - Residential Obligations Not rated yet
My Nephew lived with me for about nine months due to problems at home. I claimed him on my income tax as dependent and for EIC. I filed as Head of …

W-2 Income Tax Questions - Employee Form 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 Tax Payment Questions - Smooth Processes 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 …

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

Foreign Income Tax Questions - Taxation Abroad 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. …

Child Income Tax Questions - Nurturing The Future 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?

Life Change Income Tax Questions - Major Transitions 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?

Legal Income Tax Questions - Law Obligations 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 …

Income Tax Income Questions - Earnings Taxability 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 …

Income Tax Loss Questions - Comprehend Deficits Not rated yet
Approximately what will we get back from a disaster declared of 40,000 having lost our home?

Work Income Tax Questions - Earning Wisely Not rated yet
Can I (wife) who doesn't work do a traditional IRA with husband making $140,000?

Medical Income Tax Questions - Taxpayer Considerations 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 …

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

IRA Income Tax Questions - Retirement Savings 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 …

Spousal Income Tax Questions - Married Couples 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? …

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

Taxes Income Tax Questions - Financial Implications Not rated yet
In India I took business after death of my father in last quarter of year and paid advance tax in last month of year that is March. Will I be asked …

Partnership Income Tax Questions - Essential Advice 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 …

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Inheritance Income Tax Questions - Generation Legacy 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.

Year Specific Income Tax Questions - Taxes Annualy 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 …

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

Interest Income Tax Questions - Valuable Additions 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. …

Married Income Tax Questions - Smooth Filing Tips 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 …

IRS Income Tax Questions - Internal Revenue Services 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 …

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

TDS Income Tax Questions - Tax Deducted At Source 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 Income Tax Questions - Support For Families 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 …

1099 Income Tax Questions - Tax Reporting Not rated yet
When is it necessary for a sole proprietorship to file a 1099 ? You should file a 1099 as a sole proprietor any time you pay someone contract labor …

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

Debt Income Tax Questions - Loan Strategies 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 …

Income Tax Help Questions - Expert Guidance Not rated yet
If you have no tax what happens with your income tax?

Mother Income Tax Questions - Mother's Resource 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 …

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

Miscellaneous Income Tax Questions - Uncommon Events Not rated yet
Our church gave a needy family 500.00 benevolence for 1 year. Are they to be taxed on this as income?

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

Moving Income Tax Questions - Relocation Expenses 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?

Income Tax Forms Questions - Prepare For Tax Season Not rated yet
1040 form where do I insert the amount for Medicare Part B and Part D?

Withdrawal Income Tax Questions - Taxing Distributions 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 …

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

Family Income Tax Questions - Household Impacts Not rated yet
I am married, can my husband and I file completely seperate tax returns, as if we are single?

Earned Income Tax Credit Questions - Tax Implications 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 …

Income Tax Liability Questions - Financial Responsibility 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 …

Unemployment Income Tax Questions - Job Seeking 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. …

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LLC Income Tax Questions - Structure Benefits 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 …

Retirement Income Tax Questions - Retirees Time 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 - Addressing Issues 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 …

Exemption Income Tax Questions - Impacts Explained 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? …

Deduction Income Tax Questions - Leverage Costs 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 …

House Income Tax Questions - Homeowner Aid 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 …

Military Income Tax Questions - Service Members 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 …

Income Tax Return Questions - Claim What's Yours 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 …

Rent Income Tax Questions - Property Owner Tips Not rated yet
My rental property was completely destroyed by fire. My insurance company denied the claim, so when I filed my tax return, I reported a loss of $30,000 …

Social Security Income Tax Questions - Retiree Guide 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 Income Tax Questions - Requirements 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 …

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

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