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I Do Surveys And Videos To Make Extra Cash In My Spare Time. How Much Can I Earn Before I Have To File Taxes?
User Photo John Stancil
Tax Professional Level: Tax Guru

Any amount of income from the activity is subject to income tax, so if your total income exceeds the threshold for filing you must file a return. An additional factor is self-employment tax. If your net profit as...   Read More
0 0 1099-MISC
What Is The Latest Legislative Status On The Hill In Connection To The Research And Experimentation Tax Credit?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

On Wednesday, May 20th The House of Representatives passed H.R. 880 entitled the “American Research and Competitiveness Act of 2015” by a vote of 274-145 and H.R. 1806 entitled the “America Competes...   Read More
User Photo Dean Marzullo
Tax Professional Level: Tax Enthusiast

Line B. Qualified Tuition Programs (529 Plans or Programs) If in 2014, you contributed more than $14,000 to a Qualified Tuition Plan (QTP) on behalf of any one person, you may elect to treat up to $70,000 of...   Read More
0 0 529 Plan
User Photo Glenn Dance
Tax Professional Level: Tax Enthusiast

When you say the K-1 shows positive capital, are you looking at Line J in Part 2 on the first page? It is possible that you could have a negative tax capital account, even though you have an overall positive tax...   Read More
0 0 PTP Sale
User Photo John Stancil
Tax Professional Level: Tax Guru

Yes, you should have included their modified adjusted gross income (MAGI), including any social security benefits, on line 2b. Line 2a is for your MAGI, which would include any non-taxable social security that you...   Read More
User Photo John Stancil
Tax Professional Level: Tax Guru

No. Section 529 plans can only be used for qualified education expenses for postsecondary education, either graduate or graduate. The list of qualified expenses for a 529 plan is expanded from the education tax...   Read More
0 1 1099-MISC


Meet Leading Tax Advisors

User Photo Kathryn Morgan

Bossier City, Louisiana, USA

Enrolled Agent, Master Tax Advisor

User Photo John Stancil

Lakeland , Florida, USA

Owner

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo Steven Potts

Fullerton, California, USA

Principal

User Photo Devon McCarthy FCCA, EA

Sanford, Florida, USA

President

User Photo Anthony Campisi

Sydney, Australia

Managing Director

User Photo Patrick O'Hara , EA

Salt Point, New York, USA

Owner / Enrolled Agent

User Photo Wray Rives CPA CGMA

Coppell, Texas, USA

Certified Public Accountant

User Photo Michael Fleming

Dallas, Texas, USA

Director of Partner Relations

User Photo Robert Ferguson

Tucson, Mesa, Arizona, USA

Owner/Manager

User Photo Gary Carter, PhD, MT, CPA

Edina, Minnesota, USA

President

User Photo Lisa Nason

Greenville, South Carolina, USA

Managing Shareholder

User Photo Christopher Royer

Ponte Vedra, Florida, USA

CPA

User Photo Michael Atlas, CPA, CA

Toronto, Canada

Principal

User Photo Bill Robinson, CPA

Chattanooga, Tennessee, USA

Owner

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