Client has a Youtube and social media channels dedicated to cars. All running under the umbrella of an S Corp and this is the primary income. He creates car content videos. (think reviews, test drives, social media entertainment). He plans to buy a car in 2024 which will be used primarily to create content about it. The…
Can I do amended return with FreeTaxUSA software?
I'm 2023 I got the used car that fits all requirements and plan to claim the 4k credit under the clean energy act. And I saw their that same household can claim this only once every 3 year at I remember. If in 2024 I get a new car, can I claim that credit? Or it's considered the same credit so every 3 years? Thanks!
When my grandfather passed in 1990, he left myself, five siblings and four cousins (10 people total) a 37 acre piece of property. We were all “tenants in common”. At the time of his death, the property was valued at $90k. This past year, we sold the property to the Berrien County, MI to expand an adjacent county park. Now…
I'm trying to pay my delinquent taxes from 2022. Twice I have set up approved payment plans but the money is never taken. I've verified all banking info is correct and IRS info is correct. I just can't wait on the phone for an hour to discuss this with someone but can't seem to get a response any other way. I was afraid to…
I pay a yearly fee for my Annuity/IRA. Can I deduct this fee on my taxes? If so what would I put it under.
TurboTax had a simple mechanism to allow me to determine the filing status which would produce the largest tax return without entering data twice. What is the easiest way to accomplish the same with FreeTaxUSA?
I loaned my daughter money from my IRA in 2017 and paid taxes on that withdrawal. She is planning to pay back the loan in 2024. Will I need to pay taxes on this loan when it is repaid?
My wife and I started a virtual bookkeeping service in July 2023 in Connecticut. I am the managing member and have not drawn income from this business minus utilities, of which 10% is for home office expenses. We file as married filing jointly. My question: Do Form 1065 and Form CT-1065 need to be filed, or can we use…
Hello all, I will be coming up on my third year of filing taxes, and I have a concern regarding my scholarships. I receive and enter a 1098t form whenever I do taxes, and Box 5 is always greater than Box 1 because I receive refunds. I recently discovered that excess scholarships are usually taxable, and some websites…
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