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Recent Federal Tax questions

OUR MOBILE HOME BURNED DOWN IN OCTOBER. IS THERE ANY SPECIAL

OUR MOBILE HOME BURNED DOWN IN OCTOBER. IS THERE ANY SPECIAL TAX STUFF WE HAVE TO DO?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: IS THERE SOME THINGS WE CAN COUNT AS A LOSS? WE ARE STILL IN THE MIDDLE OF EVERYTHING WITH OUR INSURANCE>JA: Is there anything else important you think the Accountant should know?Customer: NO

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,688 satisfied customers
Nevada tax question. I have a person in Las Vegas with a DMV

Nevada tax question. I have a person in Las Vegas with a DMV receipt forVIN INSPECTIONPRISON INDUSTRY FEEREGISTRATION FEE-PASSENGER VEHICLESBASIC GOV SERVICES TAX-CLARKSUPPLEMENT GOV SERVICES TAX-CLARKEach has its own cost.Which, if any of these, are tax deductible???

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Dr. Fiona Chen

President

Ph.D.

800 satisfied customers
I am a 100% disabled retired police Lieutenant. I was

I am a 100% disabled retired police Lieutenant. I was retired by my employer in 1992 for a service connected injury. My pension was IRS tax free until about four yrs. ago when my employer changed it to 50% tax free based on a old court ruling from the IRS. Can I get this changed back?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: My accountant did not know how to help.

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Robin D.

Vocational, Technical or Trade School

22,366 satisfied customers
I started my own company this year and I decided to pay

Hi-I started my own company this year and I decided to pay myself via a payroll service (and will use a W-2). I am the only owner...now that it is time to file...how do I handle my personal W-2 and also the accounting/filing for the company. Am I still able to files as a self-employed person and use schedule C or did I mess up?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: no thak you

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Robin D.

Vocational, Technical or Trade School

22,366 satisfied customers
I was awarded total disability in November 2015. I recieved

I was awarded total disability in November 2015. I recieved my first check in January 2016 with backpay for November and December 2015. I understand that if I have no other income I don't have to file a tax return. Is this correct? JA: Because laws vary from place to place, can you tell me what state this is in? Customer: My wife does however work. She has a part time job to keep her mind occupied on things other than me. We have always filed a joint return. How should we handle our newly changed situation? We live in West Virginia, JA: Has anything been filed or reported? Customer: not for 2016 JA: Anything else you want the lawyer to know before I connect you? Customer: Not that I can think of. This is pretty major to me already :)

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Robin D.

Vocational, Technical or Trade School

22,366 satisfied customers
I am self-employed and my income went up substantially this

I am self-employed and my income went up substantially this year. I have 10,000 withheld from an early 401K withdrawal (which counts toward my income) but no quarterly payments. My total federal tax bill for 2015 was 13,800. My question is, should I make a payment on January 15 that will allow me to avoid a penalty. If I have withheld or paid 100%+ of last year's tax then I am OK, correct?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: not right now

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

4,922 satisfied customers
I work in USA in H1B Visa. Am I allowed to file the federal

I work in USA in H1B Visa. Am I allowed to file the federal tax through itemized deduction method? Is it allowed to show the interest paid on the homeloans at my home country. Please clarify

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Robin D.

Vocational, Technical or Trade School

22,366 satisfied customers
I'm considering retirement in May 2017, I'll be 65 and I've

I'm considering retirement in May 2017, I'll be 65 and I've obtained an estimate online as to how much I will draw what I need to know is at what rate will it be taxed?JA: It's only $5 .Customer: I don't understand your answer?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: Not that I know of.

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Robin D.

Vocational, Technical or Trade School

22,366 satisfied customers
I run a small general contractor business as a sole

Hi I run a small general contractor business as a sole proprieter. I've been asked to incorporate by the other contractor I work for. I am the only employee currently but later that might change later. I receive a salary and bonuses from the other contractor I work for. I am struggling between filling for an S-corp or an LLC. Here In California there are more financial requirements (higher insurances) if an LLC if formed as a contractor.JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: That is all I can think of

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Mark Taylor

Certified Public Accountant

Masters

2,634 satisfied customers
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