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Recent Tax Returns questions

I am an EA. I used to be able to go to local IRS office and

I am an EA. I used to be able to go to local IRS office and get data on 3 clients at once by waiting in line. Now, they will only see me by appointment and will only give me data on one client I sometimes need to consult with someone to sort out something, or get transcripts or earlier year tax return copies. Is there an easier way to do this? I have waited a long time to get them on the phone, and have never used on line services. Do you have anything you can recommend.

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Mark Taylor

Certified Public Accountant

Masters

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Ford motor Company ignored Me about my stock in 2006, Then

Ford motor Company ignored Me about my stock in 2006 , Then they sent me a letter saying I had paid in 35,000 in taxes in 2006 , I called and they said they had sent 83,000 Dollars to me at a Post office box in Texas and had deducted 35,000 dollars for Taxes , I knew I had Requested the 20 Dollars a share and nothing had happened till now ! at that time they said i had no Shares when it was over 4100 shares ,, I asked my wife about our 2006 return and She said She destroyed it after 7 Years , I went to Jo ***** ***** in Delphos Ohio and they said they did not have a Copy of my 2006 return is it possible that there is one some where ? My address : Edward Shick ,*****. Elida Ohio 45807 , ph,(###) ###-#### , last 4 of SS# *****

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Anne

Master Tax Preparer

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I am card holder citizen of argentina. i plan to become us

i am green card holder citizen of argentina. i plan to become us citizen. i want to give my house in argentina to two my children .JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: is there a tax to be paid here?JA: Is there anything else important you think the Accountant should know?Customer: i am married to a us citizen

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Mark Taylor

Certified Public Accountant

Masters

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440 satisfied customers
I received a notice from the state tax board asking why my

I received a notice from the state tax board asking why my mom had not filed her 2014 income tax. My mom was ill that year and only worked a few months at the beginning of the year. But my husband and I paid for the mortgage. which is why they were requesting proof. She has a house and they want to know how she paid for her home and home taxes.JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: My mom has now received a Notice of State Tax due. and she had 30 days to pay. And it has a penalty too

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Robin D.

Vocational, Technical or Trade School

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20,648 satisfied customers
My wife and I are starting a food truck business. For

My wife and I are starting a food truck business. For purposes of applying for the EIN number do we want to be treated as a single member LLC/disregarded enity for tax purposes or multiple member and file form 1065? Thanks

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600 satisfied customers
My Mother passed away last month. Over the years, she had

My Mother passed away last month. Over the years, she had purchased some series EE and I savings bonds with me, her son, as co-owner. She was a cash method taxpayer and had chosen not to report the bond interest. A couple of questions:1. When I cash the bonds in, I know I will get a 1099-int showing all the interest income but will my mother automatically get one also so that my mother's administrator can decide whether to include the interest on her final tax return (up to the day of death?) If my mother does not get a 1099 automatically, do I need to do something so that she does?2. Related to the above, let's assume that I will report all of the bond interest on my tax return. Two of the bonds have already matured (one in 2014 and another in 2015.) Will I owe any penalty; how will it be assessed; and how will I report those bonds on my income tax?Thank you

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Robin D.

Vocational, Technical or Trade School

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20,648 satisfied customers
The IRS is auditing my business (Employment Tax) and they

The IRS is auditing my business (Employment Tax) and they want me to sign an extention till the end of 2017. The auditor told me if I don't sign the extension by August 2nd, i will not have the right to appeal. Is this true? If so can I ask him for more time to think about it, since he explained this to me two weeks ago?

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Dr. Fiona Chen

President

Ph.D.

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90 satisfied customers
We received the Bank of America mortgages settlement

We received the Bank of America mortgages settlement amounting to $72000.00. We reported it as income on our tax return for 2015. As a result, our tax liability has gone up by $18000.00. We thought that Bank of America had set funds aside to help with the tax liability. We need your advice on this issue.

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Mark Taylor

Certified Public Accountant

Masters

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440 satisfied customers
My Mother claims me as a dependent on her income tax, she is

HiJA: Hello. What seems to be the problem?Customer: My Mother claims me as a dependent on her income tax, she is retired and receives a federal retirement annuity each month, I do not have an income and have medicaid, the medicaid office now wants proof of her income-will I be denied coverage because she claims me? State is Nevada, I am 58yo she is 85yoJA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: How does her claiming me as a dependent affect my medicaid eligibility?

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Dr. Fiona Chen

President

Ph.D.

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90 satisfied customers
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