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Recent Amended Return questions

Last year our accountant gave us wrong advice: she told us,

Last year our accountant gave us wrong advice: she told us, that we don't need to withhold any Social Security or Medicare Tax from our employee on H1-B status. So for 2016 his W-2 form shows 0 in Medicare and SSN withholding. What do we need to do in order to fix this mistake? How do we send the money that should have been withheld for SSN and Medicare? Is the employee or the employer responsible for paying underwithheld tax?

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Robin D.

Vocational, Technical or Trade School

25,036 satisfied customers
If my boy friend has been supporting me do I have to pay

If my boy friend has been supporting me do I have to pay taxes on his money?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I haven't worked this last year. My boyfriend has been supporting meJA: Is there anything else important you think the Accountant should know?Customer: Not at this time

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

11,040 satisfied customers
I filed a 941 hastily last year and realized I marked

I filed a 941 hastily last year and realized I marked distribution funds as payroll items. It was 2 withdraws with part of each supposed to be paycheck net and the other part of each supposed to be distribution. I operate an S corp.

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PDtax

Owner

Master's Degree

7,922 satisfied customers
I have received the CP2000 and I found out that one of my

I have received the CP2000 and I found out that one of my brokerage taxable dividend was missing in 2015 and I have to pay for $2000. There are some mistakes and If I disagree, the amount will be less.1) Can we just pay what they charge $2000? I do not want to disagree to contact with them back and forth even thought the proposal amount will be less. Will it be trouble in the future?2) Once I pay the proposal amount, should I wait for the approval letter? Or should I just file an amended state return now?3) I tried to make amended tax form, adding the missing dividend, but the total number will not be going to the exact same as what they said, $5 different what they charge us.I do not mind, but it will be issue when I file the amended tax for the state?

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Brian Michels

Partner

Bachelors of Business Administration

220 satisfied customers
I have a tax question. In 2014 I filed a 1040 and on

I have a tax question. In 2014 I filed a 1040 and on schedule A I listed my state taxes from my husband's W-2 and my W-2 as well as my real estate taxes. I also filed a Louisiana state return that year where I indicated that I owed 257 in consumer tax. The following year LA sent a 1099G stating that I had received a 775 refund. When I completed my 2015 1040 I included the 775 state tax refund as income. Yesterday LA sent an amended 2015 1099G for $1032 which they say includes my tax refund of 775 and the consumer use tax I paid of 257. They have suggested that I now have to amend my 2015 1040 to declare 1032 in income not 775. Do I really have to declare a tax I paid as federal income (the $257) if I did not include it in my schedule A as a deduction the year before?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: No

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,598 satisfied customers
I was going to do my taxes on TurboTax​ but was afraid of

I was going to do my taxes on TurboTax​ but was afraid of making a mistake and when I went to get them done , I was surprised on how different the refund would have been. Can I redo if I feel I didn't get all the money I'm suppose to?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: Turbo tax said my refund would he 3200 but when I went to a tax place it was only 2000 why might this have happened?

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Brian Michels

Partner

Bachelors of Business Administration

220 satisfied customers
My wife received a 1099 for a car and phone allowance. I

My wife received a 1099 for a car and phone allowance. I already filed our joint taxes with the w2 income that we have, but now with this added to file the amended return, I am reading some concerning things about being red flagged, etc. How does this work?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: We just earn straight salary. She's a Physical Therapist and is the Clinical Director overseeing all their clinics. She does not really do patient care anymore.

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Lev

Retired

Bachelor's Degree Equivalent

25,416 satisfied customers
My husband got a form 1099 - R stating he had inherited a

My husband got a form 1099 - R stating he had inherited a lump sum annuity from his mother who died last June. Box 1 says: $ 4818, box 5 says $1282, box 7 says code 4 death benefit, and box 9b says $9858. Federal income tax says: unknown. My question is, is this all taxable or may I deduct box 5 and box 9b. How can I tell if they were nondeductible which would be non taxed?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: My husband's mother was 97 when she died. She inherited the ROTH from her husband who died at age 84 and was in civil service.

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Lev

Retired

Bachelor's Degree Equivalent

25,416 satisfied customers
I live in Delaware. In 2016, I (along with 4 other siblings)

I live in Delaware. In 2016, I (along with 4 other siblings) received some money as a result of a property sale in Maine. The property was in a trust set up by my Dad, who died in 1993. At tax time, we were liable for tax because of capital gain from 1993 to the sale in 2016. We all received K-1 forms for Federal, Maine, and Massachusetts. My Dad lived in Massachusetts and the trust was established in Massachusetts. I used TurboTax to file.No question on the Federal return.No question on the Delaware return.No question on the Maine return.The question is on the Massachusetts return. TurboTax showed I owed $0 to Massachusetts and I filed. But some other siblings who used other tax services or did it longhand ended up paying Massachusetts in addition to paying Maine. Now, I am wondering if my Massachusetts taxes are correct. When doing Massachusetts I told the TurboTax program the income source was not from Massachusetts, because I thought the income source state is defined as the state where the income is generated-and the property was in Maine. Now, I find out now that the trust accountant says "The source of the income at the trust level is a legal matter for Massachusetts purposes. Any income earned by the trust is considered MA-source income for Massachusetts income tax purposes. In 2016, distributions were made to the beneficiaries, so the gain on the sale was passed through to the beneficiaries for each of them to pay on their personal income tax returns. In addition, the only assets held in the trust were properties located in Maine. Therefore, when the trust sold the property in 2016, the state of Maine considered the gain on the sale Maine-source income." Now I ask: Who is right? Can both states be the source of income? Do I need to file an amended return to pay capital gains tax in Massachusetts?

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Barbara

Enrolled Agent, Paralegal

6,460 satisfied customers
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