Votes: 0
Answers: 0

Retired. Do I have to pay taxes on Social Security?

I must be a very common demographic. I am a baby boomer who started receiving Social Security this year. My only other income is from my company retirement and some miscellaneous interest. I pay federal taxes on this income. Do I have to pay any taxes on the income I receive from Social Security? Questions […]

April 2, 2014
Votes: 0
Answers: 0

Lump-sum Social Security payment covered several years.

I received a lump-sum Social Security benefit. The one-time payment covered several prior years. Do I have to claim this income, and if so, how do I report this at to the IRS? Votes: 0 Answers: 0 April 2, 2014 admin

April 2, 2014
Votes: 0
Answers: 0

Selling a mutual fund - buying another back-to-back.

If I sell shares in a mutual fund and reinvest the proceeds in another mutual fund from the same family of mutual funds, do I have to pay tax on any gain even though the gain will be reinvested? Votes: 0 Answers: 0 April 2, 2014 admin

April 2, 2014
Votes: 0
Answers: 0

Selling our home for a profit. Affect our taxes?

How does selling our home for a profit affect the income tax return we file and our tax liability? Votes: 0 Answers: 0 April 2, 2014 admin

April 2, 2014
Votes: 0
Answers: 0

Two "head of households" ?

We are two unmarried parents of an infant child and we are living together with the child for the entire taxable year in 2013. Both of us parents are contributing to the cost of maintaining the household for the child and ourselves. Can we both file as head of household? Votes: 0 Answers: 0 April […]

April 2, 2014
Votes: 0
Answers: 0

Am I better off filing as head of household or as a qualified widow?

Am I better off filing as head of household or as a qualified widow? Votes: 0 Answers: 0 April 2, 2014 admin

April 2, 2014
Votes: 0
Answers: 0

Can I file as single even though my divorce is not final?

Can I file as single even though my divorce is not final? I did not live with my spouse at all this year. Votes: 0 Answers: 0 April 2, 2014 admin

April 2, 2014
Votes: 0
Answers: 0

Carry forward mortgage interest?

Last year for 2012’s tax return, I was not able to itemize my mortgage interest since I didn’t have enough deductions to justify itemizing anything. My 2013 taxable year is different – can I add 2012’s interest to this year’s (2013) amount and deduct them both? Votes: 0 Answers: 0 April 2, 2014 admin

April 2, 2014
Votes: 0
Answers: 0

Eligibility for earned income tax credit

Who is eligible for the earned income tax credit when both a child and a grandchild live with the grandparents of the grandchild? Votes: 0 Answers: 0 April 2, 2014 admin

April 2, 2014
Votes: 0
Answers: 0

If I'm married, must I file as married?

This must seem like a stupid question, but if I am recently married, must I file as married? Votes: 0 Answers: 0 April 2, 2014 admin

April 2, 2014

Retired. Do I have to pay taxes on Social Security?">
Retired. Do I have to pay taxes on Social Security?
April 2, 2014

I must be a very common demographic. I am a baby boomer who started receiving Social Security this year. My only other income is from my company retirement and some miscellaneous interest. I pay federal taxes on this income. Do I have to pay any taxes on the income I receive from Social Security? Votes: […]

Read More

Lump-sum Social Security payment covered several years.">
Lump-sum Social Security payment covered several years.
April 2, 2014

I received a lump-sum Social Security benefit. The one-time payment covered several prior years. Do I have to claim this income, and if so, how do I report this at to the IRS? Votes: 0 Answers: 0 April 2, 2014 admin

Read More

Selling a mutual fund – buying another back-to-back.">
Selling a mutual fund – buying another back-to-back.
April 2, 2014

If I sell shares in a mutual fund and reinvest the proceeds in another mutual fund from the same family of mutual funds, do I have to pay tax on any gain even though the gain will be reinvested? Votes: 0 Answers: 0 April 2, 2014 admin

Read More

Selling our home for a profit. Affect our taxes?">
Selling our home for a profit. Affect our taxes?
April 2, 2014

How does selling our home for a profit affect the income tax return we file and our tax liability? Votes: 0 Answers: 0 April 2, 2014 admin

Read More

Two “head of households” ?">
Two “head of households” ?
April 2, 2014

We are two unmarried parents of an infant child and we are living together with the child for the entire taxable year in 2013. Both of us parents are contributing to the cost of maintaining the household for the child and ourselves. Can we both file as head of household? Votes: 0 Answers: 0 April […]

Read More

Am I better off filing as head of household or as a qualified widow?">
Am I better off filing as head of household or as a qualified widow?
April 2, 2014

Am I better off filing as head of household or as a qualified widow? Votes: 0 Answers: 0 April 2, 2014 admin

Read More

Can I file as single even though my divorce is not final?">
Can I file as single even though my divorce is not final?
April 2, 2014

Can I file as single even though my divorce is not final? I did not live with my spouse at all this year. Votes: 0 Answers: 0 April 2, 2014 admin

Read More

Carry forward mortgage interest?">
Carry forward mortgage interest?
April 2, 2014

Last year for 2012’s tax return, I was not able to itemize my mortgage interest since I didn’t have enough deductions to justify itemizing anything. My 2013 taxable year is different – can I add 2012’s interest to this year’s (2013) amount and deduct them both? Votes: 0 Answers: 0 April 2, 2014 admin

Read More

Eligibility for earned income tax credit">
Eligibility for earned income tax credit
April 2, 2014

Who is eligible for the earned income tax credit when both a child and a grandchild live with the grandparents of the grandchild? Votes: 0 Answers: 0 April 2, 2014 admin

Read More

If I’m married, must I file as married?">
If I’m married, must I file as married?
April 2, 2014

This must seem like a stupid question, but if I am recently married, must I file as married? Votes: 0 Answers: 0 April 2, 2014 admin

Read More