The Daily Reviewer | Tax Questions and Answers

Mar 12, 2010 2:38pm

Question from Rick March 12, 2010 at 3:27am Richard, WHAT FORM DO I USE TO DETERMINE THE TUITION AND FEES TAX BREAK ON OREGON FORM 40? I USED THE HOPE CREDIT ON THE FEDERAL !)$) RETURN. Answer: Rick - I......

When can I claim the Home Buyers Tax Credit?

Mar 12, 2010 12:49pm

Question from Jessica March 11, 2010 at 10:44pm Richard, We are closing Escrow on April 7th and have already filed our taxes and received our return for this year. Is there any way to amend my tax return from this......

What happens if the account number is wrong on a direct deposit?

Mar 12, 2010 10:35am

Question from David March 11, 2010 at 9:33pm Richard, I have efiled and discovered my bank account number for direct deposit is wrong. What should I do, file and admended return? Answer: David - You should not file an amended......

Do I have to pay unemployment tax?

Mar 12, 2010 10:02am

Question from James March 11, 2010 at 8:02pm Richard, I am a self employed handyman with no employees. Am I required to pay unemployment taxes. Answer: James - At the federal level there is a tax, reported on Form 940,......

Can I take a deduction for my roof and skylight?

Mar 12, 2010 9:30am

Question from Terri March 11, 2010 at 10:26am Richard, Can I take any deductions for a new architucal roof with a new skylight if it was done in 2008 or 2009? Answer: Terri - There are no specific deductions for......

How do you pay tax when you are self-employed?

Mar 12, 2010 8:47am

Question from Iretta March 11, 2010 at 10:16am Richard, We are located in KCK. My husband has a janitoral business and we wanted to know how to determine the amount of taxes to withhold from his monthly salary? Do his......

Will I have to pay a capital gain on this gift?

Mar 11, 2010 1:55pm

Question from Zac March 10, 2010 at 12:34pm Richard, I inherited a $250,000 property, and I want to gift it to my kids at a value of $275,000. Will I pay capital gains on the $25000 or the entire $275000?......

How do I file when my spouse is not a resident?

Mar 11, 2010 12:57pm

Question from Moulik March 9, 2010 at 10:33am Richard, I got married on Dec 13th 2009 So I know for sure that I will have to file my taxes as married (either filing seperately or together). However my wife is......

Estate tax

Mar 11, 2010 12:25pm

Question from Nelson March 8, 2010 at 9:02am Richard, MY FATHER WAS KILLED IN AN AUTOMOBILE ACCIDENT. THE ESTATE HAS FILED A LAWSUIT AGAINST THE OTHER OTHER DRIVER. ASSUMING A SETTLEMENT IS REACHED, IS THIS A TAXABLE EVENT FOR THE......

Is my refund delayed?

Mar 10, 2010 10:14am

Question from Marie March 9, 2010 at 9:22am Richard, I filed my income tax on January 27, 2010, i elected direct deposit and still have not received my refund. WHy is going on. Answer: Marie - You do not mention......

Will working reduce my SSI?

Mar 10, 2010 9:42am

Question from Norma March 9, 2010 at 12:48am Richard, I HAVE BEEN DISABLE FOR A WHILE .I AM A SINGLE MOTHER OF THREE GIRLS .I WANT TO GO TO WORK BUT WHAT IS THE AMOUNT I CAN MAKE WITHOUT LOSING......

Can I still claim my refund for 2006?

Mar 10, 2010 9:21am

Question from Robert March 8, 2010 at 8:21pm Richard, If i filed in 2006 and i get my state refund but they hold my federal saying my ss# dose not macth thier's how do i get it and is it......

Mar 10, 2010 8:54am

Question from Diame March 8, 2010 at 10:35am Richard, My ex husband and I had a contentious divorce last year. Before it was final he sold stock that was in his name only to payy off some debts. Nothing was......

Do I have to take my required minimum distribution?

Mar 9, 2010 7:22am

Question from Netia March 8, 2010 at 9:05am Richard, this is about RMDs-I turned 70.5 in January and expect to take my withdrawal by the end of 2010. Am I required to take one this year? I ask because my......

Mar 8, 2010 2:02pm

Question from Dilip March 7, 2010 at 11:12pm Richard, I worked in State of Oregon since January 2009.I live in Or and go to IL for some office work once in a month and to renew my contracts. My employer......