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Recent Deduction questions

My husband died 3 years ago, I sold my house in Sept., 2016

My husband died 3 years ago, I sold my house in Sept., 2016 and had to move to a 1 bedroom apt. For the last 3 years told with my husband's social security it was not enough to file tax return. Now since my house was sold though I owned the bank and paid off re-finance loan, am I now going to pay IRS--live in southwest Florida.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: not that I can think off, thank you!

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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I have 15,000 dollars in a rollover ira thru Fidelity and I

I have 15,000 dollars in a rollover ira thru Fidelity and I need to know how much taxes and penalties I would have to pay if I withdrawed the money outJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Thats it what else do you neeedJA: Is there anything else the Accountant should be aware of?Customer: like what

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Robin D.

Vocational, Technical or Trade School

22,410 satisfied customers
Question concerns a recent tax payer death. The estate has

question concerns a recent tax payer death. The estate has sold stock and paid tax on gains from the date of death. Do we pay taxes on the deceased personal taxes on the gains up to his death even though the shares weren't soldJA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: I don't think so

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,754 satisfied customers
Can a trucking company pay its drivers per diem on a "per

Can a trucking company pay its drivers per diem on a "per mile" basis? $0.10/mile for example.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,754 satisfied customers
I am a single member of LLC. I'm trying to get a indexed

hi,JA: Hello. What is your issue regarding?Customer: I am a single member of LLC. I'm trying to get a indexed life insurance and want to know is there any way that LLC can pay the premium and can deduct as a business expense?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: no

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taxmanrog

Master's Degree

1,016 satisfied customers
When a state has approved the production of marijuana for

When a state has approved the production of marijuana for medical purposes is the income from being employed with this type of company considered taxable income? Or because marijuana is a controlled substance under federal law does the IRS consider income derived from trafficking in controlled substances is not be considered income even if approved under state law?

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Robin D.

Vocational, Technical or Trade School

22,410 satisfied customers
Do I need to file a state return if I earned $1,408 GEORGIA

Do I need to file a state return if I earned $1,408 GEORGIA ADJUSTED GROSS INCOME (AGI). Is there an income threshold under which you do not need to file a return for that state?

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Robin D.

Vocational, Technical or Trade School

22,410 satisfied customers
What are the tax advantages of moving into a life plan

What are the tax advantages of moving into a life plan community? IE initial fee and monthly fees? How are they reported on tax forms?JA: The Accountant will know how to help. Please tell me more, so we can help you best. Is there anything else the Accountant should be aware of?Customer: We are considering moving into Royal Oaks (royaloaks.com) in AZ and have been told that parts of the initial cost and monthly charges can be tax deductions. We are wondering where we can find more information about that.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,410 satisfied customers
My ex husband and I have joint custody. He claims one and I

Hey Pearl. My ex husband and I have joint custody. He claims one and I claim two (divorce agreement) I have a small business (DBA) and until December my kiddos were on arkids first. However, my income has jumped a bit (thank God) and now my ex carries the kids on his insurance (soonercare). Last night he informed me that he needs to claim all the children on his taxes b/c he's worried he'll get audited because of having them on soonercare. However, according to the divorce docs, he is suppose to be providing insurance anyways, I've just always done it. Will this be a problem? (sorry so involved)JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: no.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,410 satisfied customers
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