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The tax experts at J.K. Lasser have answered a lot of your tax preparation questions, ranging from 1040 filing, income tax deductions and credits, self-employment taxes to tax planning for college and retirement, estate and real estate taxes. Ask J.K. a question by filling out the form below. Or browse Ask J.K. answers or use the Search box to see if J.K. has already answered your question.Browse J.K.'s Answers by Category
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- I have a domestic partner who lives with me. I pay more than half of her expenses for the year, including all of her food and shelter. Can I claim her as a dependent?Free
- My partner and I own a home together. We each file as single. How do we deduct the real estate taxes and mortgage interest?Free
- Can a person work for a company and also be an independent contractor for the same company?Free
- I have a 17-year old daughter living at home who is a high school senior. Can I claim an exemption for her?Free
- My husband and I built a new home four years ago and sold it this year at a loss of around $35,000. My taxman said we can’t deduct this. Is he correct?Free
- Is my premium under COBRA deductible?Free
- I own rental real estate and paid a plumber to fix a leaky water heater. It couldn’t be repaired and had to be replaced. How do I treat the cost of the new tank and the labor charge?Free
- If I sell my house, is there any limit on the number of acres that can be part of the sale for purposes of the home sale exclusion?Free
- Is the rebate check (called a "stimulus payment") that we receive in May under the Economic Stimulus Act taxable income to us? Do we have to report it on our 2008 income tax return?Free
- Can I deduct my commute from my home to a worksite?Free
- An S corporation is going to purchase a car that is going to be used around 80% for business. Does the S corporation depreciate only 80% of the car?Free
- Can my family-owned corporation (C corporation) sponsor my education?Free
- May a self-employed person with an SEP also establish another plan?Free
- What is the proper way to report deductions when moving a home office from one home to another?Free
- Are my cell phone and Internet service not solely used for business deductible?Free
- Can a partnership set up an education assistance plan?Free
- Are there any tax advantages to providing health club membership or facilities to employees? Free
- Will the interest on a loan to buy medical equipment for my practice be tax deductible?Free
- Do I need to notify the IRS when my business fails or just not file a Schedule C?Free
- Is there a legitimate procedure to gift adult children money?Free
- What is the current annual amount of gift that is exempt from reporting?Free
- I want to make a gift of $15,000. What must I report to the IRS and how?Free
- If I sell a stock for a loss to offset some gains, do I have to wait a certain period of time before I can rebuy that stock?Free
- May the taxpayer take both a Hope and a lifetime learning credit for the same dependent?Free
- Is the interest paid on my student loan tax deductible?Free
