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Recent Tax Return questions

I'm wondering since I'm part of a corporation and that

I'm wondering since I'm part of a corporation and that corporation files my taxes for me if I can still file for some different additional income separately?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: So I just got my 1099 consolidated from E*TRADE where I traded some securities without gaining or losing anything so I don't think I'll get a return but if I file my 1099 consolidated with a different accountant than my corporation uses what can I expect ?JA: Is there anything else important you think the Accountant should know?Customer: No not that I can think of

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Robin D.

Vocational, Technical or Trade School

23,164 satisfied customers
My husband was a student last year, and one semester he

My husband was a student last year, and one semester he ended up dropping one class, which put him one credit under full time. Do I still count that as full time? Also, he did a project for a friend during summer break, for which he got paid under $200. Do we report that as income, since he wasn't actively working (it was a one-time thing)?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: One other question. How do we know if we're supposed to report any of the grant money he received as taxable income? We just received a 1098-T tuition statement.

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Lev

Retired

Bachelor's Degree Equivalent

24,320 satisfied customers
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

20,400 satisfied customers
My ex-girlfriend is claiming our daughter as a dependent and

My ex-girlfriend is claiming our daughter as a dependent and head of household filing status. my question is can I claim my daughter to qualify for head of household status ? she stays with me 6 months out of the year?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I want to use my daughter as a non-dependent and file as head of house hold, because my ex claimed my daughter. I found out when I tried to file my tax returnJA: Is there anything else the Accountant should be aware of?Customer: that pretty much it

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,840 satisfied customers
I am filing as an independent. I had obamacare last year

Hello, I am filing as an independent. I had obamacare last year under my mother's plan. My mom has 1 dependent my brother. So there were 3 people on the healthcare plan. On my independent filing, the question asking "What percentage of the following policy amounts do you want to claim on your tax return?" "Your Premium Percentage" and "Your SLCSP Percentage" and "Your Advanced payment of PTC Percentage". What percents would I put, 33% on mine or what? Thanks

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Charles Markham

Principal

Masters Science Taxation

630 satisfied customers
I just completed my 2016 taxes on turbo tax. I'm going to

I just completed my 2016 taxes on turbo tax. I'm going to MAIL my California tax return. The instructions state "include a copy of your federal tax return". My question is: do I include the ENTIRE federal return including all schedules and worksheets, or just the 1040? I have schedule C, schedule D and schedule E etc for federal

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Mark D

Master's Degree

1,038 satisfied customers
If I had a small rural grocery store that I had been renting

If I had a small rural grocery store that I had been renting and sold in January 2017, is the sale amount of it taxable? I paid 100,000 for it in 2011 and sold at a loss for 70,000. I havent been active in the grocery store since 2012.

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Mark D

Master's Degree

1,038 satisfied customers
I have a 1099 R and I am under 59 1/2. I got the money out

I have a 1099 R and I am under 59 1/2. I got the money out of my 401K early. In box 4 (federal income tax withheld) there is an amount. There is also an amount withheld in box 12 for state tax. Does this mean that I am entitled to a refund of any sort? And where would I enter this information on my tax return?

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Robin D.

Vocational, Technical or Trade School

23,164 satisfied customers
I sold my business on December 15, 2015. I files the sale on

I sold my business on December 15, 2015. I files the sale on my 2015 tax return and also filed the closing information with Federal and State returns.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: in 2016 I received a 1099 with income with the EIN number shown on the statement. I also was told by the city I am in that I had to pay for the 2016 business license based on the 2015 income even though I did not own the business anymore. How do I handle this income and expense on my 2016 tax return? The business was already closed.JA: Is there anything else important you think the Accountant should know?Customer: No

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Arthur Rubin

Doctoral Degree

1,768 satisfied customers
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