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Recent Married Filing Jointly questions

My husband and I have always filed married filing jointly,

My husband and I have always filed married filing jointly, but this year I want to file married filing separately. His return is all about his business. He has no personal income to claim. When I file with him, all of the taxes I pay are swallowed up by his business losses. I would get a refund if I don't file jointly with him. Are there any issues with changing my filing status at this point? Will it send up red flags and trigger audits? Everything is on the up and up, but I would like to avoid that hassell if possible.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: No, that's all for now.

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Robin D.

Vocational, Technical or Trade School

23,140 satisfied customers
I am married and normally file joint. This year, I received

I am married and normally file joint. This year, I received a 1099-C debit forgiveness for an old credit card (my name only). We own a home with a Deed in both our names but the loan is in my name only. I'd like to file separate and attempt to qualify for insolvency based on the fact that I own the entire loan on the home but only 1/2 the equity of the home since I'm married. I'd like to know if this is valid.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: Not yet.

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Robin D.

Vocational, Technical or Trade School

23,140 satisfied customers
I am having trouble figuring out how much of my social

I am having trouble figuring out how much of my social security benefits are taxableJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Married filing jointly. SS benefits this year . SSI benefits this year $24,484. My spouse gross income $137,629. I have worked on the SSI worksheets but can't get an answer. We file on H&R block on-line software and it says we have in issue in this regard.JA: Is there anything else important you think the Accountant should know?Customer: No

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

5,172 satisfied customers
I started a sole proprietor ship in 2016, I made less than

I started a sole proprietor ship in 2016, I made less than $15,000 and did not pay quarterly taxes. My wife made less than $9,000 and paid in $14.00 in Federal taxes. We qualified for EIC and are expecting $3,700 on our return. Will our income tax return be seized or will we be expected to pay it back? or are we safe?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: That's everything.

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Mark Taylor

Certified Public Accountant

Masters

3,298 satisfied customers
I have a term capital loss from stocks that has carried over

Hi. I have a long term capital loss from stocks that has carried over for over ten years. I am thinking of selling my house which will give me a long term capital gain around the same amount. Will my long term capital loss from my stocks offset my long term capital gain from the sale of my house (so I wouldn't pay taxes on my real estate gain)?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,390 satisfied customers
I have a question, I will like to know if I can fill out my

Hi, I have a question, I will like to know if I can fill out my business taxes on my own. I am married and in the las 2 years, i fill with my husband. This was when I first open the store.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: I have been in business now since 2015 solo partner LLC.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,390 satisfied customers
LAYNE, I have what is most likely a very simple question

For LaneGood afternoon LAYNE,I have what is most likely a very simple question unfortunately I will ask it in a complicated way.First let me give you some background so you understand what I'm getting at:

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,390 satisfied customers
I have a question regarding tax deductible expenses as a

I have a question regarding tax deductible expenses as a graduate student who is working full time. First question is eligibility of academic conference fees and travel expenses. The second is eligibility of a computer and software purchases that have been used for research purposes towards my master's thesis.

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Mark Taylor

Certified Public Accountant

Masters

3,298 satisfied customers
I would like to run some numbers by an accountant to see

I would like to run some numbers by an accountant to see what i might or might not owe for 2016JA: What state are you in? It matters because laws vary by location.Customer: I'm in PAJA: Has anything been filed or reported?Customer: Not yetJA: Anything else you want the lawyer to know before I connect you?Customer: i really need an accountant not a lawyer OK thanks

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,390 satisfied customers
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