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I need somebody to help walk me through filling out a PA-40
I need somebody to help walk me through filling out a PA-40 and a PA-40 C. I have all of the information to input from my federal forms, just need to properly input it onto the state forms. Would be m… read more
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looking for guidance for 2016 taxes for self employed person who is paid so little doesn't get 1099's. Trying to find out which forms to use exactly. If I go to the IRS 1099 for 2016 it says, "Copy A … read more
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I am a single member LLC trying to fill out form 725 for
I am a single member LLC trying to fill out form 725 for 2016. I made nothing, we had loss. I did not file federally because there was nothing to report, so I do not have a schedule C at all for 2016.… read more
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Is this service free? Ok. My question is what documentation
Ok. My question is what documentation and forms exactly do I need to send back the the IRS? I received a second notice CP2000 for tax year 2015. They are stating I underpaid my taxes by $8918. The reason is I converted a traditional IRA to a Roth IRA at the end of 2015 but then I recharacterized ALL of back to my original traditional IRA in 2/2016. I did not report this recharacterization on my 2015 1040 tax return because instructions for Form 8606 clearly stated not to include this form if you recharacterize all. However....what should I now send them? a 2015 8606 AND a 2016 8606? I have a 2015 1099-R for $27,915.20 distribution code 2 and a 2016 1099 - R for $4,860.23 distribution code R. I replied to the CP2000 letter by sending the IRS a copy of both the 2015 and 2016 1099 R explaining that the difference in $$ amount was because of lost in value between in those few months before I recharacterized it all back.. … read more
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How to prove IRS that profit is less than revenue generated?
In 2014 I had a dropshipping business where I used to list products on eBay and when customers buy them and transfer the money to my paypal account I got to amazon.com and order the product and let am… read more
emc011075
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I received a letter C-2000 stating I owe more taxes because
I received a letter C-2000 stating I owe more taxes because of under reported earnings. However what wasn't reported was "credit card" processing from Paypal. Further, I made the mistake of not report… read more
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In 2014, my husband did some golf cart repair friend who
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I received the a CP2000 notice from the IRS. The notice
I received the a CP2000 notice from the IRS. The notice proposes that I owe $81,819.00 from 3013. I misunderstood the method to properly calculate my income and deduct all of my business expenses on m… read more
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Mr Klein, You may have record of our past conversations.
Hi Mr Klein, You may have record of our past conversations. I recieved a CP2000 about a 1099 I received from PayPal, and we worked on getting my letter about selling personal items, but gaining no pro… read more
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I got a letter (CP2000) from the IRS a few days ago saying
I got a letter (CP2000) from the IRS a few days ago saying that PayPal sent them a 1099K for the year 2013. The 1099K shows that I made $51,115/approx. in Ebay sales in 2013. Now, the IRS wants us to … read more
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, I have some questions similar to the example question about the PayPal 1099-k. I ha
Hi, I have some questions similar to the example question about the PayPal 1099-k. I had been buying almost new and used phones and selling them on eBay. PayPal sent me a 1099-K, and I had not even pu… read more
fastfile
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In 2013, I began buying and reselling limited edition Nike
In 2013, I began buying and reselling limited edition Nike shoes on eBay through my parents account. For 11 months out of the year, I was using my parents Paypal account because it was already connect… read more
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Hi Klein, I received a cp2000 notice from IRS yesterday. It
Hi Klein, I received a cp2000 notice from IRS yesterday. It said Paypal reported a 1099-K for 2012 tax year in which my payple account did transaction >$60k, so they proposed a tax increase of ~$29… read more
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I have an ebay business and am filling out my schedule C for
I have an ebay business and am filling out my schedule C for federal. Last year I received a refund for my state tax for $28. Can I claim this as income, and where on the schedule C can I claim it? I … read more
keeperumiami
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Wow! This site is pretty cool. My question concerns ebay and
Wow! This site is pretty cool. My question concerns ebay and taxes. What tax form do I need to file if I sell more than 200 items, or make over 20k on ebay?… read more
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I just started up an eBay business this year, and so it would
I just started up an eBay business this year, and so it would be my first time trying to tackle the Schedule C. How difficult is the Schedule C to fill out? My eBay business is rather w/out frills at … read more
Jax Tax
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I did not know I had a 1099-Misc from Worldwinner.com for 2008
I did not know I had a 1099-Misc from Worldwinner.com for 2008 and have now received a CP2000 notification from the IRS to correct my return. The paperwork indicates I had a 1099-Misc form from Worldw… read more
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