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I worked in the US months last year. I got a job in Qatar

I worked in the US for 10 months last year. I got a job in Qatar and claimed tax exempt for 2 months. I went to file my taxes and the turbo tax said I was not eligible for child tax credit because of this. Is this correct? I am thinking there is a way to get my full refund still. I don't believe that I should miss out on Child Tax Credit because I worked 2 months in another country which would've been MAYBE $200 in taxes I would've paid.

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

 
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My ex and I signed a custody "agreement" in Pennsylvania

My ex and I signed a custody "agreement" in Pennsylvania that was simply notarized, not a court order which stated that he could claim our daughter every other year, even though we paid for all of her support every year. I never signed a form 8322. Was he legally allowed to claim her on his taxes. Could he get into trouble for claiming her those years?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: No that is all.JA: 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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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

 
3,558 satisfied customers
My wife and are now retired. Our income each month is now

My wife and are now retired. Our income each month is now fixed and I want to know what we need to send to the irs each month. Social Security pays me 1334 and my wife 2160 each month. She also receives a combined monthly income from 3 pensions totalling 1950.20

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
I am looking to take out money out of an ira to use to

I am looking to take out money out of an ira to use to purchase a house. I know that there is a 10% early withdrawal and then I know I will be taxed the highest tax bracket as well. Is there anything I can do to limit the taxes - like do quarterly taxes or should I just have 49% taken off the top when I withdraw it?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
My question is: I just applied unemployment benefits,

Hello, my question is: I just applied for my unemployment benefits, they told me that I would receive 382 weekly, but the money is taxable. The lady stated that if I decide to do withholding it would be 15% from my unemployment benefits, that is 10% for Federal and 5% for Minnesota tax, this would bring me down to 327 weekly. I do have two of my children staying with me one is grade school age and one is 20 yrs old, the 20 yr old is looking for work and plans on attending school in the fall, my youngest child I do claim on my taxes and both children did and still live with me during 2015 tax year and this year and I provide 100% for both of them. My question is should I have them take out the 15% total from the weekly benefits or should I wait for next tax year to pay out if I have to pay any, And yes I did get a tax return this year.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
NOL FROM FARM CARRIED BACK FROM 2015 TO 2010. CAN CHILD TAX

NOL FROM FARM CARRIED BACK FROM 2015 TO 2010. CAN CHILD TAX CREDIT AND DEPENDENT CARE CREDIT BE CLAIMED IF THE CREDITS WEREN'T CLAIMED IN 2010 DUETOO MUCH INCOME FOR THAT YEAR?

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Robin D.

Vocational, Technical or Trade School

 
20,318 satisfied customers
I own a house that is currently under lease to own contract.

I own a house that is currently under lease to own contract. I owe $117,000 on the house. I still have 19 years left on my 30 yr. 5.5 % fixed mortgage. The tenant still has 24 years left to pay off the $155,000 he still owes to purchase the home and his term is also 5.5 %. Currently I make $3000 a year from him on this home. I am retiring Dec 31, 2016 from the federal government with my retirement fund in the TSP (Thrift savings Plan). After I retire I am allowed a one time partial withdrawal from my TSP but it would be taxed at 20% and I will have to claim the withdrawal as income on my 2017 tax's where it will be taxed again. So I realize that I could be looking at possibly a 35% total tax on this withdrawal. However if I make this partial withdrawal and payoff the $117,000 I owe I will make $13356 a year for 24 years on this home instead of the $3000 I currently am making. My question is should I pay this mortgage off by using the one partial withdrawal from my TSP retirement fund?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
I'm irst time here, is your help is free? JA:

Hello! I'm for the irst time here, is your help is free?JA: The Accountant's require payment for their services. It's way less expensive on JustAnswer than face-to-face would cost.Customer: sure, could you tell prices please?JA: The Accountant will know how to help.Customer: i had a foreign income as self-employed and I'd like to fill my tax return for prior yearsJA: Please tell me more, so we can help you best.Customer: I'm a green card holder and didn't know i need to fill tax return in the US while I've already paid taxes in my country (Russia), i work online (advertising field, have clients in rissia, but live in the US). I had income in half 2012, and then 2013,2014, never fiiled US tax return. So I'm afraid of penalties...JA: Is there anything else important you think the Accountant should know?Customer: i have two ways - to fill as non-resident alien + tax treaty OR like a resident, so gross income for 1040 - deduction for home officeJA: 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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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

 
3,558 satisfied customers
What would be the monthly tax deduction on an annual income

what would be the monthly tax deduction on an annual income of $34,215.94? I am age 70, single, no dependents and have 1 exemption on my W-2?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
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