Tag Archives: Questions

How To Tax Questions

How do I handle the sale of a home equity financed vacant lot on which I intended to build? by Jim (Waukesha, WI, USA) We purchased a lot in December 2007 with the intention of building within 8 months. We paid cash, but financed it with a HELOC of over $110,000. No payments were made [...]

Education Questions

Education Expenses My daughter started college last fall (2010) at a four year state university, we live in Florida. My husband and I bought the Florida Prepaid College (529) and we received a 1099-G from them showing the dispersement, basis, and earnings. We received a 1098-T from her university only showing box 2 (qualified tuition) [...]

Loss Questions

Loss/House Fire Jan of 2010 had a house fire. Estimate on house was around $121000, contents was around $72000… Insurance company paid us $5000 back in Jan of 2010 to get started. Since then, they have now denied our claim. They have not asked for any money back that they have paid out. Now, my [...]

Mileage Tax Questions

Mileage by Connie Toothman (Harrisburg IL) If your employer pays mileage by. Totaling then subtracting 30 can I turn in my unpaid mileage. Witch would total 212 times 30 for a total of 6360 would I get that back Click here to post comments. Join in and write your own page! It’s easy to do. [...]

Mortgage Tax Questions

Mortgage Interest by Dale (Oregon) I purchased a very moderately priced condo in 2002. I have not gone long form from that time. Last yr’s interest was sbout 3300. Am I loosing that $$ from my refund ? I have not claimed 1040 as I was told my mortgage interest was not enough to file [...]

Pension Questions

Pension I recently retired. I receive a small monthly pension. My total pension is a little more than $6000 a year. I have no other pension. I have a new job with reportable income. I am single and claim only myself. I just received my first pension check and the IRS did not withhold any [...]

Previous Years Questions

Previous Years Balance How do I get my refund when i still owe part of it to a previous years tax? Click here to post comments. Join in and write your own page! It’s easy to do. How? Simply click here to return to Income Tax Questions. Previous Year Personal Net Income File Taxes I [...]

Refund Questions

Refund My husband and I filed he filed injured spouse our bankruptcy was discharged but they still haven’t released our refund though they say we should get it the treasure web site still says it went to third party but the third party said no so whats up what can I do? We were discharged [...]

Social Security Questions

Social Security by Mary (GA) I am working at a university as a part time lecturer. I started working there at age 63 which made me ineligible for the college savings/retirement program. In the last year and a half I have earned $22,420 that is not paid into social security. I understand that the college [...]

Petty Cash Questions

Business Owner Used Petty Cash to Buy Flowers for His Wife by Wan (Sydney ) Here is the question: A business owner used company petty cash to bought flowers for his wife, how to enter in Cash Payment journal? Did it affact Drawings Account? please kindly answer this question and send email to: carnationwan6868@yahoo.com.au Thanks [...]