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Recent Refund questions

I borrowed 50 k from a 401 k that I rolled to an Ira to buy

I borrowed 50 k from a 401 k that I rolled to an Ira to buy a rental house and fix it up I am 59 and 58 when I did this. What taxes do I have to pay ?JA: PayPal, Debitcard or credit card are all fine.Customer: Okay how much?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: I made 65 k this year and my wife made 70 k

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Robin D.

Vocational, Technical or Trade School

22,442 satisfied customers
I live in the state of Ohio and I have a problem with my

I live in the state of Ohio and I have a problem with my state taxesJA: Has anything been filed or reported?Customer: I thought that the taxes were filed through HR Block but I have found that they weren't. I just recently filed them for the years of 2012, 2013, and 2014. I was due a refund from them and I understand that I will have penalties.JA: What state is this in? And just to clarify, when was the purchase made?Customer: My problem is that I have a lawyer that is calling to start seizing my assets. OhioJA: Anything else you want the lawyer to know before I connect you?Customer: No. I just need help.

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PDtax

Owner

Master's Degree

7,374 satisfied customers
How are you? good, I am green card holder and moved to NYC

Hi How are you?JA: I'm good. And you?Customer: goodJA: Glad to hear it. What is your issue regarding?Customer: I am green card holder and moved to NYC from UK in July 2009. I bought a house in May 2008, which I lived in until I moved to NYC in Jul 2009 and rented the property from Aug-09 to Mar-16 when I sold it., I already paid my UK tax to HMRC already in April 2016, how much do I have to pay for CGT in USA purchase price was GBP165K+GBP3.5K in May 2008 Sell price was GBP 235950 - fees GBP5.2KJA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: those are the details.

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Robin D.

Vocational, Technical or Trade School

22,442 satisfied customers
I had an error on my 2014 taxes and am paying $5k on an

I had an error on my 2014 taxes and am paying $5k on an installment plan. I know this year that will come out of my 2016 refund. Do I report the amount I owe on my 1040 or do they just know to take it out of my refund?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,436 satisfied customers
I won $40,000 on a scratch ticket. I am 19 and have no other

Hi I won $40,000 on a scratch ticket. I am 19 and have no other income. I was withheld $10,000 for federal tax and $2700 for state tax. I recieved $27,300 of the $40,000 I won. Based on that and all the calculators I saw I will recieve around a 4000-5000$ tax refund. Is this correct? Thanks. Again the lottery winnings of 40,000 was my ONLY income at all. Thanks

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Robin D.

Vocational, Technical or Trade School

22,442 satisfied customers
IRS TAXES. we haven't filled taxes for years how far back

IRS TAXES. we haven't filled taxes for years how far back will we still get a refund. Is there a cut off?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

4,968 satisfied customers
My child's father stated that he is going to claim our child

Hello, my child's father stated that he is going to claim our child this year. I am not OK with that. We have no written parental agreement. Our child lives with me and he only has her only on the weekends... Sometimes. This is my only child. He is married and has 4 other children through marriage. I feel like money is being taken out of my household. I really don't want the combative arguing, however I feel that alternating tax years is not fair for me and my child. What would happen if I just claimed my child as I normally would without telling him?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: No

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

4,968 satisfied customers
My boyfriend and I live together and have a daughter

My boyfriend and I live together and have a daughter together. I have not had income in the last four years but do for 2016. Can he claim a child tax credit as head of household and can I claim a child tax credit on my return as head of household or just single? Or can only of us claim a child credit?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: We are filing separately

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taxmanrog

Master's Degree

1,034 satisfied customers
I will be seeking to relinquish or renounce US Citizenship.

I will be seeking to relinquish or renounce US Citizenship. If I relinquish and CLN is back dated to act of intent to relinquish, Will the IRS refund taxes paid since that date?

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Lev

Retired

Bachelor's Degree Equivalent

24,198 satisfied customers
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