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Recent tax questions

If I get a caretaker elderly father and pay her $1899/year

If I get a caretaker for my elderly father and pay her $1899/year but also reimburse her for let's say $500 of related expenses like gas and parking, do I have to consider her a household employee? Do I have any other tax obligations?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

 
3,542 satisfied customers
Dependant Child Care question: In the situation of divorce

Dependant Child Care question: In the situation of divorce and my ex-wife pays a percentage of child care, but the MSA allows her to claim the dependant child, who gets the credit? I read the 501 to assert that the parent with the highest AGI is allowed the credit according to the tie-breaker rules, but the language used by the IRS is a little vague (to me) on claiming a particular credit out of the allowed write offs when I am not claiming the the rest of the credits/write offs.

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

 
3,542 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

 
20,294 satisfied customers
And it is regarding Notice 2014-7 Medicaid Waiver

***** ***** and it is regarding Notice 2014-7 Medicaid Waiver payments excluable from Federal tax but I don't think it is excludable for MN tax and I am trying to figure out where to add this back in on the MN form. Using Turbo TaxJA: Thanks. Can you give me any more details about your issue?Customer: Medicaid Wavier payments are excludable from gross income for Federal Income taxes - Notice 2014-7. I don't think they are excludable from Minnesota Income tax. I don't how to add this income back in for the MN tax. I am using TurboTax to complete the taxes.JA: OK got it. Last thing — Tax Professionals generally expect a deposit of about $32 to help with your type of question (you only pay if satisfied). Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,336 satisfied customers
My ex wife and I completed a Marital Settlement Agreement in

My ex wife and I completed a Marital Settlement Agreement in August of 2015. I was required to pay spousal support (Alimony) beginning in September 2015. The divorce was finalized by the court on March 1, 2016. What is the best way for us to file for 2015?

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Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
A few questions: 1. I plan to hire a nanny, do

To follow up a few questions:1. I plan to hire a nanny, do I have the obligation to file tax return for her? If so, how? Is there a guidance I should take a look?2. Will this payment to hire a nanny to take care of my kids qualify for deductable or credit?3. My husband has no income in U.S. should I claim him as dependent? sorry that I did not quite follow you logic to file seperately...There may be more questions if needed, thanks again!Theresa

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Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
If my wife is blind and I pay aids to help her during they

If my wife is blind and I pay aids to help her during they day is that tax deductible. I was told I could deduct the expenses and get the dependent care credit? Is this true or would be a traditional medical expense?

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Megan C

Master's Degree

 
29,942 satisfied customers
I have another question regarding the dependent care

I have another question regarding the dependent care expenses. 5,000 was deducted from my paycheck to pay for dependent care expenses. I cannot use this amount to claim dependent care credit correct? I would need additional money spent out of pocket to claim that?

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Robin D.

Vocational, Technical or Trade School

 
20,294 satisfied customers
I have a 2 clients... they were married but now are divorced

I have a 2 clients... they were married but now are divorced and I still do both returns. They have 2 children. In the divorce they are each allowed to claim 1 child on their returns. The children are in daycare The mother makes less money then the father and Qualifies for the EIC. I have explained the Tie Breaker Rule to both. My question is When I did the mothers return I claimed 1 child for the dependency and 2 children for the EIC. Now for the father I claim 1 child for the dependency and mark that this child is a dependent child that did not live with the parent due to divorce or separation. In doing this the father is not allowed to claim the funds he has paid for Child Care. He also has a dependent care benefits through his work that he is now taxes on. The children's legal address is with the mother but in the divorce they got joint custody. Any advise on how the father can claim the day care expense that he is required to pay?

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Robin D.

Vocational, Technical or Trade School

 
20,294 satisfied customers
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