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Recent Medical Expenses questions

I need help putting a personal tax return together by

I need help putting a personal tax return together by morning. I have all of the information needed for the return.

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Mark Taylor

Certified Public Accountant

Masters

3,762 satisfied customers
Just rec'd notification of pending audit of 2 of my

Hello,JA: Hello. What is your issue regarding?Customer: Just rec'd notification of pending audit of 2 of my individual tax returns 2014, 2015. Need advice on audit session. ThankslJA: The expert will know how to help. Please tell me more, so we can help you best.Customer: Specifically, they want to look at multiple deductions like medical expenses, unreimbursed business expenses, and cancelled debt.JA: Is there anything else the expert should be aware of?Customer: Well, the issue for me is I don't think I have all of my receipts for the deductions. That could be a problem. Also concerned about the cancelled debt which occurred during a mortgage short sale.

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Mark Taylor

Certified Public Accountant

Masters

3,762 satisfied customers
What percentage do I expect to pay out of a 7500 dollar

What percentage do I expect to pay out of a 7500 dollar Medical surgery fund raised through a crowd funding site

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

5,922 satisfied customers
Depends, how much does this cost? Well, I am in PA. My

depends, how much does this cost?JA: I'm not sure of the exact price, but there's only a $5 deposit. The rest of the price information will be on the page I send you to.Customer: Well, good morning. I am in PA.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: My question is about our son. He just graduated from college yesterday. He is turning 26 in 2 days. We have been supporting him up to this time. He will take his state boards in 6 wks and will likely have a job by August. We will have supported him for at least 8 months of 2017. Will we be able to claim him as a dependent?JA: Is there anything else important you think the Accountant should know?Customer: We have been claiming him on mine and my husbands joint tax return yearly. Our son has had zero income, only loans

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Robin D.

Vocational, Technical or Trade School

25,652 satisfied customers
I received a letter from the IRS asking for $2,187 +

I received a letter from the IRS asking for $2,187 + Interests because I did not report my HSA savings account distribution of $4,414. Something does not sound right in their calculation.I need you to review my 2015 Tax return and read the IRS letter. Please answer only if you can do that for no extra charge. I used HR Block Software to do my taxes.

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Matthew Breecher

President

MBA (Graduate Legal Studies)

360 satisfied customers
I married a Cuban National on the 18th of November. She

I married a Cuban National on the 18th of November. She entered the country this last time on June 25th. We have know each other for years on her frequent entries on a 5 year visa. How do I enter info about medical for last year? I filed for change of status in December and she now has a work permit and SS number this year. Is any money she earned in Cuba for January - June reportableJA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: She made less than $1,000 in Cuba

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Robin D.

Vocational, Technical or Trade School

25,652 satisfied customers
My husband's company was sold and he is now working for the

My husband's company was sold and he is now working for the new company. It has been treated as a "separation from service" from the old company. With regard to his 401K, he is now able to take a withdrawal or roll it over. He has turned 55 in March of this year. If we take this as a partial withdrawal and a partial rollover (to his new company) will we have to pay the 10% penalty or is this covered under the 55 rule with no penalty. He is still working and will continue to work for the new company. Thanks!JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: No. Thanks!

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Chad CFP ®

Certified Financial Planner(R), Pro

Master's Degree

366 satisfied customers
I'm reviewing a question from eight years ago regarding

I'm reviewing a question from eight years ago regarding trust distributions for a beneficiary's medical expenses. My situation involves a non grantor trust and whether or not the beneficiary can deduct those medical expenses on her 1040. A K-1 has been prepared showing the taxable income to the beneficiary but there is no place to include the nursing services paid unless it would go under distributions (money or other)JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: I don't think so but I am happy to answer any questions he or she may have

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Matthew Breecher

President

MBA (Graduate Legal Studies)

360 satisfied customers
Non grantor trust pays qualified medical expenses for

Non grantor trust pays qualified medical expenses for beneficiary. Since the trust can not deduct, are the expenses deducted on the beneficiary's 1040 as qualified medical expenses?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Remainder trust income pays medical expense for beneficiary. Income goes to beneficiary as DNI. Can beneficiary deduct medical expense on her 1040JA: Is there anything else the Accountant should be aware of?Customer: I don't think so

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Dr. Fiona Chen

President

Ph.D.

1,036 satisfied customers
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