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Recent Amended Return questions

I just did filed a turbo tax, and marked Yes to having

JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I just did filed a turbo tax, and marked Yes to having health insurance coverage throughout the year but then I realized I did not have the coverage. It was just a simple confusion but I already filed my tax with turbotax. SO MY QUESTION IS: What is a consequences of ''lying'' about my status of health insurance coverage? Is this consider criminal record?JA: Is there anything else important you think the Accountant should know?Customer: No

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

4,952 satisfied customers
This question relates to "-to-market" election under IRS

This question relates to "mark-to-market" election under IRS code section 475. To make the election for the 2016 tax year, you must attach an election statement to your 2015 return filed by 4/18/16 (or to an extension request Form 4868 filed by 4/18/16). Is it possible to file 1040X amendments for 2015, 2014, and 2013 to make the election for the applicable year?

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taxmanrog

Master's Degree

1,022 satisfied customers
I recently got tax bill from IRS saying I owe taxes on

I recently got tax bill from IRS saying I owe taxes on investment account closed in 2014. Since then I have capital losses in 2015 and 2016 that I can't use. Can I apply those capital losses back to 2014 capital gains?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: Don't think so

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PDtax

Owner

Master's Degree

7,370 satisfied customers
Where is my amended return? My amended return was submitted

Where is my amended return?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: My amended return was submitted on 02-15-2015. What is its status?JA: Is there anything else important you think the Accountant should know?Customer: No, I am only concerned about the delay in hearing from IRS.

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PDtax

Owner

Master's Degree

7,370 satisfied customers
I received a late 1099-C (deed in lieu) last july after

i received a late 1099-C (deed in lieu) last july after filing a joint irs return. That mortgage (solely under my name) was disharged thru chapter 7. Do i have to send an amended tax return with a 982 or just wait for an irs notice? How about my wife: Is she liable for any tax consequences since we filed jointly. She is not a borrower and not on the title. Thanks.JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: nothing more

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Richard

Owner

Doctoral Degree

48,646 satisfied customers
I owe the state tax a lots of money, how can I solve this

I owe the state tax a lots of money, how can I solve this problem?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I owe the state of Hawaii tax dept. for GTE tax.JA: Is there anything else important you think the Accountant should know?Customer: the dollor amount is $95,000.00

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Dr. Fiona Chen

President

Ph.D.

816 satisfied customers
Ive never received my 2015 Tax Refund. Someone tried to get

Ive never received my 2015 Tax Refund. Someone tried to get a fraudlent refund. I havent paid my last qtrly payment I know it is due 1/15/17. Should I refile 2015 and change my refund to pay next year's tax (2016) and adjust doen my last payment. The refund is approx $5K.

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Mark Taylor

Certified Public Accountant

Masters

2,666 satisfied customers
Second opinion] - I started receiving SSD and will get my

Second opinion] - Hi. I started receiving SSD and will get my first check this week. They sent me a check for retroactive pay last month. Do I pay taxes on these?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I receiveive pay I receivedd a lump sum payment for the retro active pay dated from 6/14. Do I have to pay taxes on the monthly check and the retro active pay I received?JA: Is there anything else the Accountant should be aware of?Customer: I also get workers comp from a private company every 2 weeks. The total of the 2 equals $2681.10 before any lawyers and medicare deductions.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,768 satisfied customers
I have been reviewing tax returns and find my accountant is

i have been reviewing tax returns and find my accountant is incorrect...I am filing 4506T for a loan. Will this filing "flag" my IRS account.

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Robin D.

Vocational, Technical or Trade School

22,430 satisfied customers
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