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We built a shed last year and my Husband is using to all his

We built a shed last year and my Husband is using to all his tree cutting eqiupment and tools and chain sharpening. Can I deduct any of it for the business on taxes. He's restarting up a part-time tree service.JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: I claim a corner office area for by business, and do the taxes and paperwork for both there.

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Robin D.

Vocational, Technical or Trade School

23,190 satisfied customers
I applied for early social security benefits at 63. An agent

I applied for early social security benefits at 63. An agent from SSI called me and told me that I was allowed benefits from my first wife that died in 1979. My benefits at 63 are $2,090 per month and would go to $2,564 at 66. The death benefit from my first wife is $1,770 but was told I could drop the benefit when I turn 66 and get my full benefit then. I just dont know what is the best thing for me to do?JA: What state are you in? It matters because laws vary by location.Customer: CaliforniaJA: Has anything been filed or reported?Customer: yesJA: Anything else you want the lawyer to know before I connect you?Customer: SSI are sending me forms to return that show marriage & death certifcate so I have a few weeks to decide the best course for me.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,856 satisfied customers
We have been d riving a Volvo that had a tax value of

We have been d riving a Volvo that had a tax value of approx. 8KJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: The engine blew up and now the value is $650 that the junk yard gave us. Did not fix because of the age and expense made no sense. Is there a tax deduction we can take forour loss?JA: Is there anything else important you think the Accountant should know?Customer: no

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Robin D.

Vocational, Technical or Trade School

23,190 satisfied customers
Lane, I am doing my taxes on turbotax and am wondering

For Lane:Hi Lane,I am doing my taxes on turbotax and am wondering whether there is a threshold for interest income. For example, we earned $0.64 cents on interest from a Citibank account, and $1.59 on another account, do we need to include this?Also, our (dependent) kids earned $188 in ordinary dividends and $145.39 in qualified dividends and $256.42 in total capital gains under their own SSN. Do we have to report these?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,412 satisfied customers
My question pertains to a rejected payment to a tax

Good morning,My question pertains to a rejected payment to a tax deductible charity.In year 1, a donor sends a check to a charity and received by that charity. Lets say for $1,000 to make it simple. In year 2, the charity attempts to cash the check, but it is rejected because more than 90 days had elapsed. The donor then sends another check in year 2 for that $1,000 and it goes through just fine.When should the donor recognize the $1000 deduction? Year 1 (when check was sent), or year 2 (since the check in year 1 was rejected)? And should the charity include that $1,000 on the donor's year 1 giving statement, or wait until year 2?

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Robin D.

Vocational, Technical or Trade School

23,190 satisfied customers
Sure. First, does this cost me money? I got married in July.

Sure. First, does this cost me money?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I got married in July. We want to file separately, and he wants to take the standard deduction while I itemize. TurboTax sated that we both needed to either itemize or both take the standard deduction when filing separately. Is this true?JA: Is there anything else important you think the Accountant should know?Customer: No.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,856 satisfied customers
Are international students (f-1 visa) considered US person

Are international students (f-1 visa) considered US person or non-US person on tax matters when they are on OPT status?

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Robin D.

Vocational, Technical or Trade School

23,190 satisfied customers
MY Uncle passed in October. He left me as a beneficiary of a

MY Uncle passed in October. He left me as a beneficiary of a metlife annunity pay out for the next six year. i get 396.00 each month in my checking account. i have not files my taxes because i was waiting to see if they were going to send me a 1099. i was wondering if i need to put down that i received $1188.00 in other income.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,412 satisfied customers
Lane, I am a non-resident alien. When filing my taxes, we

Hi Lane,I am a non-resident alien. When filing my taxes, we want to elect for me to be treated as a resident alien. I drafted a 6013(g) statement (see text copy-pasted below) which my husband and I will sign and add to our tax return forms. Do we add this statement to to both State and Federal tax forms and can we then simply file our taxes as if I am a resident, so no need to do any other special action, but simply follow rules for as resident filing?We only have income from US sources, no foreign assets and only from wages.Thanks again for your advice,MachaStatementElection to Treat Nonresident Alien Spouse As U.S. Resident AlienTaxpayer: Cesar Andys Calcano Cordero Spouse: Macha Petronella KempermanAddress:***** , Rockville MD 20850 Address:*****, Rockville MD 20850SSN: xxx SSN: xxxI, __Cesar Andys Calcano Cordero__, am a United States Citizen and am married to_Macha Petronella Kemperman__who was a nonresident alien at the end of the tax year_2016____We hereby elect under IRC §6013(g) to be treated as citizens or residents of the U.S. for the entire tax year. Wewere married at the end of the tax year, the first tax year for which this election is to apply.Signed: ______________________________________ Signed:_______________________________________By: __________________________________________ By:_______________________________________Date: ________________________________________ Date:_______________________________________

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,412 satisfied customers
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