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Recent Tax Returns questions

I am a sole proprietor who just established my business in

I am a sole proprietor who just established my business in Nov. 2016 I would like to pay FICA and Medicare on revenue made in 2016 but am confused as to which forms to useJA: When we are ready I'll take you to the appropriate web page.Customer: OKJA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: Not that I can think of

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,856 satisfied customers
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 daughter has incurred thousands of dollars in legal

My daughter has incurred thousands of dollars in legal costs: court fees, attorney fees, etc. during 2016; in connection with a parenting dispute with an ex-husband. Would any of these be deductible for her 2016 Tax Return, please?

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Lev

Retired

Bachelor's Degree Equivalent

24,326 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

24,326 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

20,412 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

9,856 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 HAVE A FARMER WHO LOST MACHINERY IN A FIRE. THE MACHINERY

I HAVE A FARMER WHO LOST MACHINERY IN A FIRE. THE MACHINERY WAS ALREADY DEPRECIATED OUT, INSURANCE PAID HIM A DEPRECIATED AMOUNT FOR THE ITEMS. HE TURNED AROUND AND REINVESTED IN MORE EQUIPMENT. 1. HOW DO I HANDLE THE INSURANCE PAYMENT AND 2 . THE BASIS IN THE NEW EQ IS ???

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Lev

Retired

Bachelor's Degree Equivalent

24,326 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
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