We requested our lump sum retirement from PERA right after moving to South Carolina. We earned the retimrent in Colorado.

Often times states base their taxable income on the federal AGI, which I believe South Carolina and Colorado do. It is likely your retirement...

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My accountant made a double $27,000 mistake on my 2011 taxes. The IRS caught the mistake leaving me to pay over $4000.

As stated by my colleague, the return needs to be reviewed to determine what occurred and what are your options. However, if the mistake was made...

Can my mom legally claim me as a dependent her taxes?

It does not sound like she provided the proper level of support to qualify.

Should I sue an accountant for misfiling my tax returns?

You can potentially sue for damages, but if you actually owe the tax then you will not be able to recover that from the preparer. Your first step...

I am a teacher and I want to buy five ipads minis for my classroom can I deduct it from my taxes

First, can I become a student in your class? Second, teachers are allowed a $250 deduction for classroom expenses. If you elected to claim the...

Could a tax attorney help with1099R?

This question is unclear to me. He received $30,000 distribution from a retirement plan 15 years ago, but is just now receiving a 1099R?

What do I do if my Employer accidentally switches what I claim on my taxes from 1 to 10 and I don't notice it until tax time?

Make sure the employer switches it back. If you cannot pay the amount due on the return, file the request for an installment agreement with the...

How does electing a C-Corp Tax Status for an LLC affect equity stakes in that LLC?

This question is one best for your CPA/Attorney who is assisting with the switch.

Will I get in trouble with the IRS if I fill on income tax for years that was said by my boss that I made and my pay checks show

If you report what he reported, I do not see how you will get in trouble since you are potentially over-reporting income. If you do not file the...

I lived in Georgia last year, but am now residing in Florida. When filing IRS taxes, which state's mailing address do I use?

You file with your current mailing address.