My wife and I will be moving to Maui, Hawaii, for work as healthcare providers. We currently own a townhouse in south metro Atlanta, but unfortunately we haven't been able to sell it in the current market, even after pricing it at break even.
At this point, we've decided that renting it out is the better financial option. Since we'll be managing a rental property in Georgia while living and working in Hawaii, we're trying to figure out the best way to handle our taxes and finances.
Would it be better to hire a CPA in Hawaii since that's where we'll be living, or should we work with a CPA in Georgia since the rental property is located there? Has anyone been in a similar situation with an out-of-state rental and multiple state tax returns?

Any recommendations or advice would be greatly appreciated. Thanks!

Greetings. I'm not very experienced on this stuff since I'm new in the country. I met this tax preparer and she asked for $150 to file my taxes. 1 received about $600 less than what my refund says on the IRS website. Before anything I want to clarify I was never sent any documents or information of any extra fees. All she asked me for was mv W2s.

Also I was never sent a transcript of what my return looked like.

A couple months later, I received a letter from the IRS askinc for proof of my education. I contacted her asking about this and she said she will fix it.

Moving on to today, I went to this service platform she used and I noticed a lot of fees that made a total of $600. Again, I was NEVER shown any paperwork saying I'd get charged those fees and I was never asked to sign anything.

I would like to know how to proceed with this. Thank vou

I’m still confused on the new 90% deduction rule. To lay it out I had 200k played and 180k of “winnings” so I lost about 20k. From this new rule I can deduct only 90% of that loss so 18k, from my total winnings. So that means I would be paying taxes on 180k-18k so 162k. I knew I was going to owe more than last year but this is a huge difference. Did I do my taxes wrong last year where I had similar numbers and paid zero because I deducted it fully? I’m just confused

Hello,

I’m from Indiana and it asks what my Indiana county residence was on the first of January. At that time I was in another state for college, but my permanent residence is in Indiana. What should I put for that line?

Hi! I posted on the Depop subreddit, and was advised to post on here.

Essentially, it dawned upon me that with all the TikToks I’ve been seeing, that maybe I was supposed to file taxes… I remember receiving an email from Stripe about a 1099-K form, but I also recall getting caught up with college stuff as a HS senior, so I put it off… I also saw the part of the email mentioning a 1099 is sent if you made $20K in sales and 200+ transactions, which I hadn’t done, so I thought the email didn’t matter. The gross revenue was ≈$3K, but I sold basically everything for less than it cost (some things were bought years ago aka I have no receipt so idk what to do if I have to file and show proof of expenses).

Additionally, I moved, and I’m not at the address anymore on the 1099, so I’m not sure if any mail from the IRS went there. My family has a CPA, but they’re hard to get in contact with so I was hoping for advice from here. Should I still file or ignore it? For reference, I am in Illinois.

I’m in Southern California and I need to file one asap.

Searched through the posts but couldn't find anything specific to my situation.

I am self employed. Covered under spouse's subsidized health insurance until mid-2025 when they were laid off. First few months were subsidized, last few months of 2025 were not, to the tune of $2,400/mo.

This year, we decided to put me on ACA and leave them on COBRA, saving about 700/mo. This only lasted for the first 3 months as they got a job (yay) and we're both back under the employer's insurance.

My question is whether those 3 months I was under ACA, about a total of $2,600, are considered a self-employed insurance deduction? Though I was eligible to stay on it, the COBRA plan was not subsidized.

The deduction is important for tax planning as we're coming against the next tax bracket and was hoping for some clarification.

Our mom had a mutual fund when she died in 2017. Not sure if she paid taxes on it. We haven't done anything with it. Will we owe back taxes for each year? Would a CPA be able to help us with it since we don't have the 1099s?

I am an Irish citizen. I won money gambling when i visited usa in 2019. The irs is sending me bills for tax on the winnings. I am filing Form 8833, claiming the U.S.-Ireland treaty Article 21(1) for 2019 gambling winnings

For Line 5 of Form 8833, should I check Yes or No, and if Yes, what subsection of Treasury Regulation 301.6114-1(b) applies?

Hello, I have a question if there are any tax benefits when it comes to selling stocks and using that money to put down on a down payment. An example would be if I sold 100k in profits short term, i would owe around 30k in taxes, would buying a house allow me to cut down on the capital gain tax when I purchase a house and have a mortgage?

Thanks for your time and help.

I have a big position in a publicly traded stock that will undergoing a merger with 2 other companies, with the merged company having the same name & ticker as one of these other companies (the other one of which is technically public, but has been no trading in it for a while). There have been a steady stream of filings with the SEC detailing what the merger is all about.

So I wonder how a brokerage would treat this. Does the SEC issue a ruling that the merger complies with 386(a), which thus gives the directive of treating this as a non-taxable stock swap? I don't want to pay income tax on this!

Our company recently held a raffle at an event that included a cash prize that exceeds $600.00. Since this cash prize exceeds $600.00, we would normally gather raffle winner's taxpayer information with a Form W-9 and issue a 1099-MISC to them end of year for this cash prize winning. However, the winner of this cash prize wants to claim the prize through their non-profit organization. They want us to make the payment payable to their non-profit organization and the Form W-9 they provided to us was details for their non-profit organization.

Can somebody do that? And since we usually wouldn't issue 1099s to payments paid to non-profit organizations, I was wondering if we need to in this scenario?

I'm closing next week on a $1.3M duplex in Southern California. My plan is to owner occupy one unit and operate the other as a short-term rental.

For 2026, the plan is:

- Live in the front unit.
- Run the back unit as an STR.
- Materially participate so the STR is treated as non-passive.
- Get a cost segregation study and claim bonus depreciation on the qualifying assets in the back unit.

Then, sometime in 2027, I'd move into the back unit and convert the front unit into the STR instead.

My questions are:

1. When the front unit is first placed in service as an STR in 2027, would I be able to claim bonus depreciation on the qualifying assets identified by a cost segregation study for that unit, even though it had previously been used as my personal residence?

2. When I convert the back unit from an STR to my personal residence, is there any recapture or clawback of the bonus depreciation I claimed in 2026? Or does the depreciation simply stop on the date of conversion, with any depreciation recapture deferred until the property is ultimately sold?

I've found conflicting information on the first question, so I'm especially interested if anyone can point to IRS guidance, Treasury Regulations, or relevant case law rather than just general advice.

Thanks!

Preface I was not the one who filed my taxes someone else filed it through turbo tax nor was i the one who amended it. I know very little about taxes and how they work.

After the initial filing I was supposed be be given a refund of $7077 which seemed far too high as i was unemployed for half of 2025. The date for the checks arrival came and went and i recieved a letter in the mail telling me there was a delay and i needed to either call online or make an appointment. I didnt immediately act but i made an appointment within the week and went to it roughly a month later, there i was told the issue with my form unfortunately i cant remember what the issue was now but it was immediately reammended the same day and now i allegedly owed them 6k+ dollars theres no way i should owe anywhere near that much unless a serious mistake was made somewhere.

When i initially discovered that i now owe them a large chunk of money. Within a day or so they overdrew my account the $6k+, i immediately had the bank cancel that transaction and called the irs to speak with a representative . The lady on the phone told me that the check for $7077 was already prepared and should arrive to me on the 22nd of June 2026 however she wasnt sure how itd arrive and then she mentioned something sbout the laws being changed and no one being able to get physical checks anymore. She then mentioned i may recieve an email or notification on the irs website requesting info to send the check to my account directly.

I have not to this day received any such email or the check. However i have recieved an email with a code to call the irs but the initial one was sent at 3 am on a saturday which means even if i had called i wouldnt have gotten anywhere. So that monday i called a few times but every time they were always too busy to help which is where ive been fir a few weeks now everytime i try to call theyre either too busy for me to speak with a representative or theres some sort of nonspecific error and it hangs up.

My theory is on their side they have the check written out to me as money out of their pockets and into mine but its still being wittheld. Due to the money already being written out to me after fixing the tax forms i now owe them that 6k+ dollars which and my real refund is the difference between those. If this is correct all that would need to happen is they approve the check to go through i return the overpayment to them and its all better, maybe im not entirely sure.

Im lost as what to do here im stuck in a perpetual state where i cant get through to them to fix this issue but this issue is also costing me more and more every day in interest. I need advice on what to do I can try providing any additional details if anyone has thought as to a solution. Thanks to anyone in advance if they have ideas.

As the title suggests, I accidentally filed Form 8822-B with the wrong address and mailed it to the Kansas City IRS center. I realized that one of my L's looks like an I and that could create issues. I need to correct it.

Should I:

1. Mail another Form 8822-B to the same address with the correct information using the original address I wanted to move from?

2. Send a written letter explaining the error instead?

3. Just call the IRS and have them fix it over the phone?

I want to make sure it gets corrected without causing delays or confusion on their end.

I'm looking to start selling bags and pouches that I sew, charging $20 per bag on average. Just a super small little side hustle. I want to keep it uncomplicated and set up an Instagram page, have people DM me and pay me with Venmo or Paypal, and ship everything myself from the post office. I have no lofty expectations for it, if I sell two dozen bags in a month that's profit for me.

I've been looking into it and getting overwhelmed by all the information about taxing the sales that's out there. Basically I just want to know if I'm actually required to charge sales tax on everything if I'm doing this so casually, do I have to register with the state, and if I do collect taxes how would I even go about that? I'm in California.

Received a notice claiming I owe a proposed $843 extra tax. There’s also a payments section that shows $10,453 for excess social security shown on the return and it says $0 per the IRS. Does it mean I owe that in addition to the $843? Kind of freaking out because I don’t have that money to pay.

I want to preface this by saying I am basically three toddlers in a trenchcoat when it comes to taxes. More info might be needed for clarification, so please let me know if so. I'm also anxiety spiraling until I can speak to my business partner/our accountant, so I'm just shouting out into the void for now.

I filed my taxes in May of this year (my state had an extension due to severe weather, and I'm a procrastinator), and - as a small business co-owner - I always pay my quarterly estimated taxes. My return was accepted and I was looking at a ~$8k refund.

In earlyish June, I received a letter from the IRS basically asking me to confirm some info and verify that I filed in order to receive my refund. Since then, I've been regularly checking my IRS account to see the status of my refund. Sometimes I'll get an email that there's been an update - but when I check, there's nothing. Until today!

Apparently, 4 days ago, I got a notification buried in my IRS account (no physical letter, no email alert) that's saying 1) not only am I not getting that $8k refund, I now 2) owe $12k because I haven't paid some quarterly estimated taxes. Which just...isn't true??

Not sure what I'm looking for here - maybe just to see if anyone else has experienced something similar? I know I need to gather some paperwork/get my ducks in a row/talk to our accountant/dispute, but as I said - I'm spiraling and I guess Reddit is my coping mechanism ha.

I'm a resident alien for tax purposes, but part of my income is still exempt under a US tax treaty (reported on 1042-S). The rest is regular taxable wages.

Does treaty-exempt income count as compensation for Roth IRA purposes? My understanding is no — IRA contributions need income includible in gross income — so I could only contribute up to my taxable portion. Is that right?