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I am going through a short sale in az. It has been approved

Hi i am going through a short sale in az. It has been approved and the remaining debt was forgiven. At the title company I signed a its form 1099-s when I was reading it over at home. I notice I checked the section that say the house has never been used for business or rental. I do sell items on eBay and claim it on my taxes. I have in the past claimed my house as storage for my business deductions. Does this count as my home being used for business on the 1099-s?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

 
3,542 satisfied customers
I sold a park model trailer in California in 2014 I made no

I sold a park model trailer in California in 2014 I made no profit on the trailer it was for my father in law to live in.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Did you get the first message?JA: Is there anything else the Accountant should be aware of?Customer: I didn't claim it on my taxes as I had no 1099 miscJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.

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Robin D.

Vocational, Technical or Trade School

 
20,294 satisfied customers
I am a recent retiree from VAH and initially ytransferred

I am a recent retiree from VAH and initially ytransferred TSP savings to NWLI for an annuity but before signing policy I changed my decision due to unexpected financial difficulties. The company returned a check to me without retaining taxes. I ant to comply with legal regulatory taxes that apply. My question is if that is payabke when filing in 2017 or now. Please help me with your advice.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,320 satisfied customers
Have to do a 1040X as forgot some 1099 Miscellaneous Income.

Have to do a 1040X as forgot some 1099 Miscellaneous Income. Can I get an estimate on my additional tax liability?

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Megan C

Master's Degree

 
29,942 satisfied customers
I started an s-corp over legal zoom but never did anything

i started an s-corp over legal zoom but never did anything with it and never operated and forgot about it. it has been a year. i want to get rid of it. what is the estimate of penalties i will pay?i also worked as an independent contractor for a few months as a job, but never filed taxes on the 1099 because it was only for a few months. Will i get penalties, if so, how much, it's been a year since then. Also, is there a way i can resolve this conflict? Is there a timeline i can re file and include those in my tax filings? Is it fraud to not file this, i do not want this trouble and want to resolve completely.

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37,576 satisfied customers
I am the executor uncles estate and s house was secured with

I am the executor for my uncles estate and his house was secured with a no recourse reverse mortgage. we abandoned the house and received a 1099-A with the balance outstanding being 53,000 and the FMV being 160,000. Can I show this as a capital loss of 107,000 on his estate income tax return (1041) and the beneficiaries K-1s?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

 
8,896 satisfied customers
HOW TO PREPARED FINAL YEAR CORPORATE TAX RETURN WITH 3.8

HOW TO PREPARED FINAL YEAR CORPORATE TAX RETURN WITH 3.8 MILLION NEGATIVE RETAINED EARNINGS AND 3.8 UN PAID LOANS

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PDtax

Owner

Master's Degree

 
6,680 satisfied customers
I am being red temporary (3 weeks) position as a

I am being hired for a temporary (3 weeks) position as a receptionist. I am hired as a contract worker. Do I need to fill out a W4? Or is the employer only to send a 1099 to me and the IRS at tax time?

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Robin D.

Vocational, Technical or Trade School

 
20,294 satisfied customers
Closing a small church,s 5013c, have a couple thousand

closing a small church,s 5013c, have a couple thousand dollars to transfer to personal account, how do I pay taxes on it.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,320 satisfied customers
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