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August 26, 2011

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freelance writer

Do I really pay for this?

Beth Cherr

I may be getting an inheritance this year and was wondering if that needs to be filed?

angela mckinstry

I have a brother that sentenced to 10 years in prison,so he will do about 8,my question is since i have to send in money for his razors,clothes,shoes and food,etc.he does not work and as long as i keep all the prison receipts does that make him a dependant or something,or do i just loose that money,cause its like taking care of him/?

Sarah Read

Where on income tax form do you list the cost of buying a farm tractor?

Robin Fraser

Ipaid a person almost 5.000.00 to do maintainence on property do i have to give them a 1099 and how do i do that? Do i claim it on my taxes somewhwhere also?

rob

My mom gifted me property five years ago I lived there most of the time but mom is 81 now and I have moved in with her and sold the property for 29,000 in 2012. The bank sent me a 1099-S but do I pay taxes on this ?

Jim

I am self employeed. On my 2011 tax return, I did not include a check that I did not receive as payment for services rendered for a period in 2011 until January 2012. I therefore did not include this on my 2011 taxes, I was planning on including it on my 2012 taxes. So, I filed my taxes accordingly. A couple of weeks ago, I received a letter from the IRS saying that I under reported my 2011 taxes by this same amount and that I owed taxes for 2011 for this amount. Is the IRS correct that even though I don't recieve payment until sometime in 2012 that if the service rendered was in 2011 that I need to pay taxes in the year the service was rendered? Thanks.

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