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I am wondering if something is pending from the IRS. My

I am wondering if something is pending from the IRS. My transcripts show file processed on feb 13, 2017( was jan 17 but had to wait feb 15). Then they pre dated code 570 with a date of 3-6-17 reason of additional account action pending. It has been this way for a few days. My mail gets stolen often as my paycheck just did and i cant get ahold of the IRS. So i was wondering if i should be ready for questioning( which is fine)JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: Not that i can think of. The IRS has not amended anything on the transcript at all.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,390 satisfied customers
My 83 year old mother has come to live with me in August of

My 83 year old mother has come to live with me in August of this year (2016). I live in Westminster, CO and my mom owned her home in Arkansas before moving with me. The home is on a lease to own type contract. The home was to be owned by the new buyer when they sold their Texas home. Anyway, my mom has not received the full amount of the house but received monthly payments of $371.00. She is of course retired and gets Federal benefit credit of $1272.00 per month and $88.35 metlife pensions. She has not paid any taxes since she retired. She found out she has diabetes last July is why I have her living with me now. Her medical expenses are quite high but Medicare and United Health help with these. Does she need to pay taxes now? She has quite a bit in moving expenses also. Thank you for your help on where to begin with her tax situation. - BevJA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: I can't think of anything else.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,840 satisfied customers
I needed assistance, I hired a moving company to move, I was

hello I needed assistance, I hired a moving company to move, I was a small business owner that kept inventory in my home office, the movers stole the property and I didn't have renters insurance at the new property yet so it wasn't covered. I don't have a police report because I was told since the company was just someone I hired from an online site and probably not a legitimate company that more than likely they wouldn't be able to recover my property. My question is how can I claim my losses on my taxes. Or is it a lost cause.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: no

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Mark D

Master's Degree

1,008 satisfied customers
Wanted to let you know that Ultra Tax consulted with State

Hi there,Wanted to let you know that Ultra Tax consulted with State of GA to confirm student could take exemption...so I went with that....I have a question (can you believe its for my own daughter)My daughter got selected to be a Jeanette Watson Fellow. It gives you a stipend to do an internship for three summers. She did the first one this past summer at the Gotham Gazette in NYC. The Watson Foundation sent her a Form 1099 with $ 5500.00 in Box 7 with zero NY state income.(so I'm not filing state return at all) She is resident of FL, student, and I will claim her as dependent. I believe they should have put the $ 5500 in Box 3 ...it is to defray cost for internship and paid by Watson not Gotham Gazette.,..will she need to file and will IRS think it is subject to SE tax being in Box 7. Shall I just not file...shall I get around the SE tax...she lived with sister for internship and did not need all the money for rent etc..just transportation and meals...no other earned or unearned income

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,840 satisfied customers
I recently sold my share of a well and the land it was on in

I recently sold my share of a well and the land it was on in Oklahoma, I inherited it from my parents and they are both dead. My mom was the last and she died in 2008. How do I calculate the amount of capital gains I have to pay?JA: When we are ready I'll take you to the appropriate web page.Customer: I know that it is Long term and only the difference between the value when my mom died and I sold it for. How do I find out the value of it when my Mom died?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: No

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Anne

Master Tax Preparer

3,246 satisfied customers
I am cashing out my IRA how much will i get back if i have

I am cashing out my IRA how much will i get back if i have 78k?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: O okJA: Is there anything else important you think the Accountant should know?Customer: I make 50k so I dont know what tax bracket i am in

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Mark Taylor

Certified Public Accountant

Masters

3,298 satisfied customers
I got divorced this last year and my ex husband and I

I got divorced this last year and my ex husband and I jointly own a rental property because we could not sell it. When I file my taxes, should I file for half of the income and half of the expenses of the house? What happens if he doesn't file for his half?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: Last year we filed jointly. This year we are not. Do I only need to claim half of our state return from last year?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,840 satisfied customers
I have a friend in the midst of a divorce, she is preparing

I have a friend in the midst of a divorce, she is preparing for her taxes and needs information from her future ex. Her problem is she cannot get him to respond to her text or phone calls and she has no idea where he is! What should she do?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: That's what I told her but she is worried so I thought I see if I could find out anything! Thank you!

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Robin D.

Vocational, Technical or Trade School

23,140 satisfied customers
I've prepared gift tax returns for my mom's trust for three

I've prepared gift tax returns for my mom's trust for three years. I've shown 100% of all funds put into the trust in the year funded. All gifts have been in cash and are immediately available for distribution by the beneficiaries (me and my sister), thus present interests, even if we choose to NOT receive any current distribution.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: It dawned on me that I probably did it wrong. *WHEN* is a gift tax return needed for a grantor trust? WHEN the funds are gifted to the trust, or only when the funds are distributed to the beneficiaries? Again, we are talking present interest since both beneficiaries have the right to receive distributions anytime.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,390 satisfied customers
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