Questions

0 votes
1 answer
2.5k views
Please explain the lump sum method and if I have to file taxes. I have no other income but SSDI / SSI.
  • Kathy Rouse asked February 4, 2015
  • last active February 5, 2015
0 votes
1 answer
2.3k views
if my taxable income is only 5,900 can I use 1040a and deduct $1,850 in medical?
  • joanie asked January 31, 2015
  • last active February 5, 2015
0 votes
1 answer
2.3k views
Mrs
I receive social security benefits for my 13 year old. do I have to claim the benefits on my taxes?
  • A Baskin asked January 30, 2015
  • last active February 5, 2015
0 votes
1 answer
2.4k views
Ms.
I have guardianship issued by the court in my area for my 3 grandchildren. They lived with me in 2014. Can I claim them as my dependents on my 2014...
  • Linda N asked January 27, 2015
  • last active February 5, 2015
0 votes
1 answer
2.4k views
My wife bought a car before we were married and it was repossessed. She is a stay at home mom and has not and does not work. She received a 1099-c ...
  • Alan S asked January 27, 2015
  • last active February 5, 2015
0 votes
1 answer
1.9k views
If I had more than 23,000 withheld for my 401 contribution how do I show that and if I paid more than the maximum for social security were do I sho...
  • M Stack asked January 27, 2015
  • last active February 5, 2015
0 votes
1 answer
1.9k views
Hi, I am a corporate trainer for a bank in Chicagoland. We are trying to help our bankers understand and explain the new IRS rule changes for 2015....
  • Melissa W asked January 22, 2015
  • last active February 5, 2015
0 votes
1 answer
1.9k views
Looking for 2015 standard deduction
  • john jones asked January 6, 2015
  • last active February 5, 2015
0 votes
1 answer
1.8k views
Mrs
I have been renting a property out to my son at £600 per month for 9 months which the tax office are aware of. My son is struggling with a young fa...
  • Pat asked January 4, 2015
  • last active February 5, 2015
0 votes
1 answer
1.9k views
For 3 yrs I made non tax deductible contributions to my Ira $ 6000 per year. When I start withdrawal I have a mix of taxable deductions and non tax...
  • Don Baggett asked December 12, 2014
  • last active February 5, 2015
0 votes
1 answer
1.8k views
I will be donating a piece of property (approx 2 acres of land) and want to know how to list my donation on my taxes. I pay $450.00/yr taxes to the...
  • Michael Alvarez asked December 3, 2014
  • last active February 5, 2015
0 votes
1 answer
1.8k views
As I understand with Obamacare you must file taxes for each year you are covered. If you have nontaxable income, what do you do about filing taxes?...
  • Ms Nelson asked November 21, 2014
  • last active December 1, 2014
0 votes
1 answer
1.9k views
Is it permissible to intentionally over fund a Roth? If so, how much is the penalty for doing so? Thanks!
  • Jill Quinn asked November 20, 2014
  • last active December 1, 2014
0 votes
1 answer
1.9k views
is the tuition that I pay for my son to attend a 4 year university deductible for the 2014 tax year? Thanks.
  • mhs asked October 31, 2014
  • last active December 1, 2014
0 votes
1 answer
2k views
When will the Circular E for 2015 be available?
0 votes
1 answer
2.1k views
mr.
Wife and I got mortgage mod., and on 2012 1099-C, block 2.Amount of Debt Discharged is $124,287.37, and in block 3.Interest if included in box 2 is...
  • paul g asked October 22, 2014
  • last active December 1, 2014
0 votes
1 answer
2.3k views
o While working out Taxable Income, whether 50% or 85% of the amount of Social Security benefits is taken into consideration if a couple is filing...
  • Surinder Verman asked September 22, 2014
  • last active September 27, 2014
0 votes
1 answer
2.3k views
I recently made a direct roll-over from Fidelity into Indiana Public Retirement Service (INPRS-PERF) (Both retirement accounts). INPRS-PERF accept...
  • Marsha Sue Wood asked July 15, 2014
  • last active September 27, 2014
0 votes
1 answer
2.4k views
I travel a lot, my boss reimburse my car expenses 100 %, but is part of my w2 Box 1. so is taxable. I was talking with a couple people at work abo...
  • beatriz asked June 30, 2014
  • last active September 27, 2014
0 votes
1 answer
2.2k views
I didn't realize until two weeks ago, when I received my 2013 Form 5498, that I had contributed $200 too much into my ROTH IRA. I contacted my bro...
  • Roger asked June 20, 2014
  • last active September 27, 2014