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E. Martin Davidoff's Answers (1160)

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How do I amend two tax returns to show $0 personal income, after reporting high income? A question for a qualified Legal-CPA.

E.'s answer | Answered on April 07, 2013

Just amend the returns and very carefully explain and support that the amended return is correct. Since you are making a substantial change in...

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Do beneficiaries of an estate each have a 5.25 million dollar tax exemption? or is it based on the estate value.

E.'s answer | Answered on April 07, 2013

The lifetime exemption is that of the decedent. So, the estate has a single $5.25 million exemption. However, that exemption may be reduced by...

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Am I liable for my deceased husband's back taxes?

E.'s answer | Answered on April 07, 2013

No.

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What form I need to do for my taxes?

E.'s answer | Answered on April 06, 2013

Each person files on form (form 1040 or one of the simpler versions thereof) to report their annual income from all sources to the Federal...

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Is is ok to have more deductions on Federal Tax than on State Tax?

E.'s answer | Answered on April 06, 2013

Yes, it is ok. You should file your federal tax return accurately. If anyone ever questions it (very doubltful), you should be prepared to...

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IRS Dispute - HR Block errors - Amendments - Refund - Dues - Virginia

E.'s answer | Answered on April 06, 2013

You should definitely go to a CPA who is experienced in tax matters and get this done! Having two different people doing your returns (one...

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Is nj State tax code violating the Public Salary Tax Act of 1939 by discriminating against the Federal retiree for taxing them?

E.'s answer | Answered on April 06, 2013

My opinion is that they are not illegally discriminating and that you need to pay the state taxes.

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What can I do if I have not filed tax return for my small business for years, but can't afford a tax consultant/lawyer?

E.'s answer | Answered on April 06, 2013

You need to take the first step and start. Get your 2012 tax return filed. If you run a business, you should be able to come up with a couple of...

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Earned $250 as independent contractor but also received W2, do I need to report independent earnings when filing taxes?

E.'s answer | Answered on April 06, 2013

You are required to report your income from all sources. So, the answer to your question is YES! You can report on Schedule C-EZ. I advise you...

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Must permanent residents file tax return even if they earn very little?

E.'s answer | Answered on April 05, 2013

I agree with previous answer. However, why not file? It eliminates any uncertainty as to why you are not filing. If you expect to file in future...