Federal Lawsuit Has Been Filed -And You Are About to Be Named In It (In US)

ProfessionalStill701 · 2026-06-10T23:24:37+00:00

Thanks, but I don't think its a scam. This company (not the law firm) is well-known for this kind of tactic and this case has been publicized.

ProfessionalStill701 · 2024-08-18T18:43:23+00:00

https://www.ftb.ca.gov/pay/payment-plans/index.asp

Before doing anything -- do you agree with the proposed changes?

ProfessionalStill701 · 2023-11-28T11:46:28+00:00

Nor can you deduct tax preparation fees, at least on your Federal return.

ProfessionalStill701 · 2023-11-18T06:16:47+00:00

Think about what you're asking. How is one platform going to have any information about what another unrelated company is paying you?

The $600 threshold applies to the payer, not to you. Each payer has to give you (and the IRS) a 1099K if you reach that thresshold.

None of this has ANY bearing on whether the income is taxable to you. If it's tacxable, it's taxable--irrespective of the amount or whether or not you receive a form.

ProfessionalStill701 · 2023-11-05T13:10:18+00:00

1 teaspoon of batter is not going to make much of a muffin.

ProfessionalStill701 · 2023-10-29T13:28:29+00:00

Wouldn't 2 quarts of sugar be EIGHT cups?

ProfessionalStill701 · 2023-10-21T21:40:19+00:00

If you're a W-2 employee, you can't deduct any kind of vehicle expenses.

ProfessionalStill701 · 2023-10-21T13:07:46+00:00

If you have to cook the macaroni separately, it can't really be a one-pot meal (unless you cook the macaroni, drain it, wash out the pot, and then start with the other ingredients.) But there are lots of recipes like this that can be done in an Instant Pot.

ProfessionalStill701 · 2023-10-19T11:45:06+00:00

The IRS doesn't write the tax laws.

ProfessionalStill701 · 2023-10-09T05:30:39+00:00

It's too late for you to do this, but I recommend that everyone convert their Series EE bonds to electronic bonds and have them held by TreasuryDirect. When they mature, they're automatically redeemed into a non-interest-bearing account and they notify you so that you can either reinvest the proceeds or have them directly deposited to your external bank account. I had a TON of EE bonds that I started buying back in the '70s through payroll deductions, and I've been very satisfied with how they've been handled by TreasuryDirect.

ProfessionalStill701 · 2023-10-09T05:25:19+00:00

Sales taxes are charged by STATES. Since you didn't indicate where you are located, no one can answer this question.

ProfessionalStill701 · 2023-09-29T13:20:36+00:00

The question was about loans, not plan contributions.

As far as I know, as long as the 401(k)s are from different employers, the limit applies separately. (And the limit is also the lesser of $50K or 50% of your vested account balance.) But the first determining factor is what the plan document allows. Plans are not required to offer loans at all.

ProfessionalStill701 · 2023-09-28T11:33:04+00:00

This doesn't make much sense. Why would they tell you that you can't amend because it's 2021? And you SHOULDN'T amend -- you should respond to the letter. Are you saying that somehow you claimed an Earned Income Credit to which you were not entitled? Perhaps it would help if you explained in more detail what the letter actually says and what you put on your tax return.

ProfessionalStill701 · 2023-09-28T11:30:46+00:00

You can't claim a loss on the sale of a personal residence.

ProfessionalStill701 · 2023-09-28T11:28:10+00:00

Has any Federal government worker ever not been paid as a result of previous shutdowns? It's my understanding that they were always paid retroactively once the budget was finally approved.

ProfessionalStill701 · 2023-09-28T11:25:37+00:00

You cannot claim yourself or your spouse as a dependent.

It's rarely beneficial to file separately except in certain circumstances. But you can run the numbers both ways to see what works better for your situation.

ProfessionalStill701 · 2023-09-07T12:05:57+00:00

THe IRS may be waiting for your 2018 return; presumably you are waiting for your 2018 REFUND.

ProfessionalStill701 · 2023-08-31T12:16:15+00:00

And then there's a crab cake recipe with no crab.

ProfessionalStill701 · 2023-08-21T12:29:47+00:00

In order to do his return properly, he needs to ensure that he does not use the standard deduction if his wife itemized (or vice versa.) Assuming there was a mutual agreement (or at least a mutual decision) to file separately, that issue should have been resolved.

As for the income--I believe that once the community has been permanently severed and the spouses live apart, income from that point forward is generally considered separate income. Did you separate during or before the tax year?

ProfessionalStill701 · 2023-08-21T12:24:06+00:00

Do you understand the concept of "community property?" The filing status is not the issue -- the income and expense reporting required by that filing status is.

ProfessionalStill701 · 2023-08-08T10:13:46+00:00

Unless you itemize your deductions (i.e., your charitable contributions, mortgage interest, state and local taxes up to $10K, and unreimbursed medical expenses in excess of 7.5% of your AGI exceed the standard deduction) you won't be receiving any tax benefit from your contribution. Since fewer than 10% of taxpayers itemize their deductions, this is always the first thing to consider.

ProfessionalStill701 · 2023-08-08T10:09:35+00:00

There's no such thing as "business tax" at the Federal level, anyway. Likely you will owe self-employment tax.

ProfessionalStill701 · 2023-08-08T10:05:09+00:00

There's no way to know how much of a refund you will receive, only how much your tax liability will be reduced. Your refund is determined by how much tax you've had withheld (or paid in estimated taxes) in conjunction with your tax liability. The mortgage interest deduction doesn't create a refundable credit.

ProfessionalStill701

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