Q&A
Asked by an anonymous user
Answered by Jeffrey Schneider
Tax Professional
Tax Professional
If you are talking about Federal estate taxes,
depends on the value of the estate. If the
estate happened in 2017, the estate gets a
$5.49 million exclusion or 100% if...
Q&A
Asked by Lee
Answered by Jeffrey Schneider
Tax Professional
Tax Professional
You can request a copy of your account
transcripts directly online at www.irs.gov or
go to an Enrolled Agent or CPA and they can do
it for you (and quicker). The trans...
Q&A
Asked by w-lmburris
Answered by Megan Gorman
Tax Professional
Tax Professional
Yes, this is specified on the 1099.
Q&A
Asked by an anonymous user
Answered by Michael Karu
CPA/CFF/CGMA in Livingston, NJ
CPA/CFF/CGMA in Livingston, NJ
When we prepare tax returns for couples, we
routinely check to determine whether married
filing jointly or separately is more
beneficial. The process is to calculate ...
Q&A
Asked by an anonymous user
Answered by David Skow
Mortgage Professional in Seattle , WA
Mortgage Professional in Seattle , WA
As long as the HELOC is in the first mortgage
position you should be able to write off the
interest, but double check with a CPA or
accountant for your specific situat...
Q&A
Asked by gariths626
Answered by IntroLend Writing Staff
Financial Adviser in Los Angeles, CA
Financial Adviser in Los Angeles, CA
Determining whom you can claim as a dependent
can be tricky. Here's an IRS website that
should help.
Q&A
Asked by listlej
Answered by Jeffrey Schneider
Tax Professional
Tax Professional
The down payment is not a deduction, same for
any business asset. However, the cost of the
asset multiplied by the business usage.
However, if you do not use the car ...
Q&A
Asked by an anonymous user
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Anonymously.
Can you elaborate on "no
shares involved" and why "taxes were paid on
the amount"? With a stock split (also reverse
split) itself, taxes are genera...
Q&A
Asked by an anonymous user
Answered by Danielle Kunkle
Vice President
Vice President
Yes your Medicare insurance premiums can be
included as part of the medical expense
deduction, but just remember your eligibility
depends on earnings and spending. You...
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