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This for real? Purchase a house in 2016 Had Septic repair

this for real?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Purchase a house in 2016 Had Septic repair because of a conditional pass. paid contractor $2000 in 2016 through my 203k house loan and last payment came out in feb 2017. never recieved a Schedule SC form. Wondering if i qualify for this creditJA: Is there anything else the Accountant should be aware of?Customer: 3800 was put in escrow for repair came out of loan

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

10,430 satisfied customers
Merlo, filed our tax return 2 wks ago, gave our W-2's to

Hi Merlo,JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: filed our tax return 2 wks ago, gave our W-2's to thesame tax preparer that filed our taxes last yr. I ask him to separate my tax to my husband since i paid more taxes than him. He start to ask questions then he said here's your refund. So, im happy i have refund. I didn't even review the return since i dont know about it also. Soon, I'm on my way home i read the return & i saw HOH on mine & i found out also in my husband thesame HOH... I google for the curiousity of what is the meaning of HOH.. Then, i got upset when i found out that you cannot be both HOH in one house & also o read a lot after that that we cannot be HOH because we are Married end of the year.. Pls help what to do. Should i go to him to amend our returns? What if he will not admit that it's his mistake. Anyway, i want to go to the tax lawyer but my husband says we have to go back to thesame preparer. Refund was deposited anyway today. I dont know what to do. Pls i need your most sincere advice.JA: Is there anything else the Accountant should be aware of?Customer: Am i going to be penalized for signing the wrong tax return?

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Dr. Fiona Chen

President

Ph.D.

928 satisfied customers
Does the IRS agent in a field audit cross reference one's

Hi Stephen,Does the IRS agent in a field audit cross reference one's cash contribution by notifying the non profit for verification or checking their 990 donor's form?An official contribution letter was provided to the agent with the appropriate details that substantiates the value of the cash donation with the correct verbiage required by law.As of now, no further requests such as proof of payment to the nonprofit has been asked for. The donation was in cash and bank statements with the appropriate transaction date (cash taken out of the bank) matches up. Does that satisfy?Is it normal protocol on their end to automatically check the non-profit's 990 form for the donor list? or?In the remainder of the audit, all other items of interest were substantiated without incident.Any information would be helpful.Thanks!

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,110 satisfied customers
I manage a C-corporation. I've head there are changes in

I manage a C-corporation. I've head there are changes in filing dates. What is the new filing deadline for 1120 return this year and what is the deadline for extension (how long is the extension)?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

10,430 satisfied customers
I need to file taxes for my retail boutique. I purchased

I need to file taxes for my retail boutique. I purchased June of 2015. So I need to get everything together for 2015 and 2016. Where do I begin? Where can I get help for profit & Loss to take to a Cpa etc......thanks.

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Dr. Fiona Chen

President

Ph.D.

928 satisfied customers
My children and I have been covered all year with Med-i-cal

My children and I have been covered all year with Med-i-cal insurance. The state pays for all of us and we have had insurance all year. The question I am getting is:Was some or all of the coverage through a Health Insurance Marketplace (also called an "Exchange")?YesNoIs Med i cal an exchange or marketplace type insurance? I am not sure how to answer the question? We all received 1095 B but I didn't pay premiums. The tax form is asking me about premium paid? I want to file online and don't want to be taxed for not having insurance.

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PhillipsEsq

Attorney

Juris Doctor

21,296 satisfied customers
My question is: My mother is here in the U.S. and she is a

Hi there, my question is : My mother is here in the U.S. and she is a green card holder. She has an income CAPI (Cash Assistance Program For Immigrants ) which is right now $835.00 a month. She also has her retirement plan in Romania which is a citizen of. We sent out legal documents to a friend of ours in Romania, over the years to pick up her monthly retirement from the bank there, which is roughly $150 a month. Now the bank sent a letter to our friend, addressed to my mother ( they did not ever realized that is not her address, since she is not living in Romania ) asking to send them a W9 OR W8BEN. Well, my mother's income is below $10000 US dollars a year, so I don't think she needs to fill out anything. Also she never done taxes, because CAPI is not taxable, nor need to be listed, and I claim her every year, since she lives with me, she is handicapped and I am her caregiver. Does she need to fill out any forms, or I need to inform the bank that she is not in any of those brackets ? We don't want the bank in Romania to give our friend a hard time when she will try to pick up her retirement money. Thank you !

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,110 satisfied customers
I have some lines showing on equifax that were released

i have some lines showing on equifax that were released years ago. I need to expedite the irs procedure for getting them withdrawn. can't wait 90 days.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I have five IRS liens that were released in 2010,2011 and 2015. Experian and transunion are no longer reporting them on my credit report. But equifax has not removed them. Those items on equifax are preventing me from opening a line of credit for my business that i really need because of growth spurtJA: Is there anything else the Accountant should be aware of?Customer: i have copies of all the lien releases.

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CFEPro789

Fraud Analyst

Master's Degree

1,044 satisfied customers
If a friend of mine is a dual citizen by birth, lives

If a friend of mine is a dual citizen by birth, lives overseas, and wants to renounce US citizenship, do they still need to pay the expatriation tax?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: that is all i knowJA: Is there anything else the Accountant should be aware of?Customer: there may be monetary gifts given by family of the friend to them that they may or may not have submitted to the IRS

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taxmanrog

Master's Degree

1,148 satisfied customers
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