Personal Finance & Money Questions, Problems & Solutions : TransWikia.com ~ Page 177

Can I use the standard single deduction amount on form 1040 line 9 (12,200) if I am filing a 2555?

I need to amend my 2019 taxes as I filled out the deductions incorrectly (need to submit 1040x). I have filed 1040s and 2555s for the past 5 years with...

Asked on 05/30/2021 by egurich

1 answer

Reducing tax obligation for LLC electing S-corp taxation

United States here, specifically NY state (if it makes a difference). Say we have a super small, 1-man member-managed LLC that has elected to be taxed as an S-corporation. This...

Asked on 05/30/2021

1 answer

Are there universal trade logs on Interactive Brokers?

I would be interested in seeing all trades of a day, say, in a specific option product. Not my trades, but all trades made by any market participant. Does Interactive...

Asked on 05/30/2021 by Clyde Frog

1 answer

Forgot to include form 1042-s

I am a student on a F-1 visa (nonresident alien), working with a Teaching Assist at my University. I did my 2019 taxes using Sprintax with the information from my...

Asked on 05/30/2021

0 answer

Does Dependent Care FSA limit reset if I change jobs?

Let's say I have contributed and used $5,000 in 2018 for my dependent care FSA. Late in the year, I get a new job. Can I contribute to the new...

Asked on 05/30/2021 by NSouth

3 answer

Carry-over of residential energy credit from year filing as MFS to year filing as MFJ

I plan to file MFS (married filing separately) this year, because wife’s income is far higher (I’m retired) and I can get some very advantageous use of the 10/12% tax...

Asked on 05/30/2021

0 answer

Why does stock trade for more than the share’s intrinsic value?

In a very basic sense, stock is purchased for the ownership of a company. It’s price grows on the market following supply and demand, and as such the price of...

Asked on 05/30/2021

6 answer

Can 2020 workplace for state income taxes be changed retroactively due to COVID?

We are residents of Pennsylvania. I work in Pennsylvania and my wife works in Delaware. Like many people working office jobs last year, we started working at home in mid-March...

Asked on 05/30/2021

1 answer

What does a negative stockholder's deficit mean?

I know negative stockholder's equity means that theres more liabilities than assets but what does a negative stockholder's deficit mean?...

Asked on 05/30/2021

0 answer

How do websites ban prepaid cards?

A small number of websites prevent customers from checking out using a prepaid card.How do websites manage this when there are so many prepaid cards out there?Are there any prepaid...

Asked on 05/29/2021 by CarlaR

1 answer

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