Is refunded retro rent money owed me applied for 7 months rent of my 2021 year allowed on my 2021 IRS CRP (rent paid) form?
Kaye's answer
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Answered on February 05, 2022
Before you pursue this any further, you need to calculate just how much difference this will make in the amount that you get. Technically, your...
Two primary residences, legally separated, Can we deduct both mortgages interest filing jointly?
Kaye's answer
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Answered on February 05, 2022
The Tax Cuts & Jobs Act lowered the limit on deductible mortgage interest from $1M to $750,000. So if the combined total of both mortgages is <...
2021 Tax Return accepted but forgot add another W2. Amend return questions?
Kaye's answer
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Answered on February 04, 2022
The difference is so immaterial that it is probably not worth amending. If it were caught on audit, the amount is so small that you would not owe...
Do I need to pay taxes from 1099-C form?
Kaye's answer
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Answered on February 04, 2022
Agree with Mr. Cowan. You absolutely have to report the income reported on the 1099-C, but you probably fall within one of the exceptions. You...
Do I have to file taxes even if I'm undocumented and not working?
Kaye's answer
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Answered on February 04, 2022
Agree with Mr. Cowan. If you have no income, you do not have to file an income tax return.
There were 3 misc deductions on my paystubs when I looked at my w2’s … there was no explanation for any of them .
Kaye's answer
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Answered on February 04, 2022
Misc. deductions are not reported on your W2. Suggest you consult a tax preparation professional to review your W2 and advise you.
Do I claim inheritance monies from my mother's estate in Kentucky on my 2021 state tax return?
Kaye's answer
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Answered on February 04, 2022
Under the inheritance laws of the State of Kentucky, the child of a deceased person is exempt from the state's inheritance tax.
My husband and I have wills that we had written up when we lived in Iowa, are these still valid in Ohio?
Kaye's answer
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Answered on February 04, 2022
Many people, who have a will from another state or a will that was downloaded from the internet, will ask me, "Is this will valid?" And the short...
What do I do what I received my 1099-MISC and the amount more than I received?
Kaye's answer
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Answered on February 03, 2022
Multiply the difference shown on the 1099 by your marginal tax rate and ask yourself if this is really fighting over.
If I dont report taxable income from my gerber college plan to IRS, will the IRS come after me?
Kaye's answer
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Answered on February 03, 2022
Agree with Mr. Cowan. For $25 per year, the IRS is not likely to go after you. Report correctly on a going forward basis.
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