Taxes & Economy Page 10

Taxes & Economy Questions

Tax Deferred Account

Can I pay my TAXES ON my account and not withdrawal any of the monies I have accrued over its..

Income Tax Returns

I received a late Interest/Dividend statement from Charles Schwab but I already filed my income tax return, do I need..

HSA Excess Contribution

In 2020 we contributed too much to our HSA. In addition, our tax preparer did not include the HSA deduction..

1099K VRBO condo rental

I received a 1099K listing $25,395.47 for the rentals for 2021 from VRBO. There was a glitch in their technology.As..

Was there a change in federal income tax withholding in the past year?

I’m an income tax preparer and have noticed that nearly everyone had less withheld from their wages this year (’21)..

Fed tax form – 8606- nondeductible IRA’S

I am 78 years young & have been trying to not filling out this 8606’tax form. I am willing to..

column in the 2/20/2022 column

Do I need to include the family items I sold on eBay/PayPal in 2021 on my 2021 tax form?

Medical and standard tax deductions

What is the standard deduction for married couple ages 73 and 79. And how much of our medical can we..

Taxes — work in a different state

I own a home in Illinois but have been working in Missouri since last year, paying for all my expenses..

Efile taxes

I use turbo tax software for my taxes (and about 40 people I do taxes for (free of charge). I..

Zelle transfers

How much money do you have to report? is it the person sending it or the person receiving it?

Untaxed income

Other than my taxable employment , do i need to file money from notary public earnings of $20 and royalties..

IRS CP80 letter

Caught your blurb yesterday about this letter the IRS is sending out, but did not catch it all on WGN..

Zelle payments

I saw your show the other day about Zelle payments. I received payments for a loan I loaned my son.HE..

paypal

We own a home but our son is living in the house till we retire. We let him stay there..

Federal tax

Hi Terry, I was laid off last year and took a small job. I had state and ssn taken, but..

New tax on Zelle payments

My 23-year-old son is paying me $200/month rent through Zelle for living in my house. Really, this only covers his..

1099K Reporting for Illinois

Hi Terry, Does Illinois require form 1099-K reporting? I received a 1099-K for 2021 from eBay with only about $1300..

e file taxes?

We have always sent our taxes through the mail. I keep hearing you say to e-file. can you give me..

New IRS reporting rules on sales over $600

Dear Terry, I am moving soon and will be using a relocation service to help. They have already ask me..

money

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