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  1. Answers
    3
    Views
    341

    Thank you!

    Thank you!
  2. Answers
    3
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    341

    Question regarding tax status in Missouri

    Hello,

    I am trying to determine my residency status for Missouri state tax. I moved spent more than 6 months in Missouri last year and maintained my permanent place of residence there for that...
  3. Thanks! I'll start with AR and then go back....

    Thanks! I'll start with AR and then go back. Let's see how it goes.
  4. Regarding filing taxes in multiple states (MO and AR)

    Hello,

    I was a part year resident of MO and AR in that order 2020 (roughly around 6 months each). I'm currently residing in AR and was on 12-31-2020 too. I've already filed my federal taxes.
    ...
  5. Answers
    5
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    1,444

    Sounds good, thanks again.

    Sounds good, thanks again.
  6. Answers
    5
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    1,444

    Thanks for the quick response. Will I have to...

    Thanks for the quick response.

    Will I have to send form 8453 even if I only adjust the cost basis of Employee Stock Plan sales (use code B on form 8949) and enter all transactions manually?
  7. Answers
    5
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    1,444

    Is there a way to skip mailing form 8453?

    Hello,

    I am e-filing my federal return and after finishing my return the site is asking me to print form 8453 and mail it along with summary statement.

    I have included code M in form 8949 since...
  8. Hmm I was putting the same number for Kansas...

    Hmm I was putting the same number for Kansas Adjusted Gross Income as the Federal adjusted gross income (as reported on my federal income tax return) so that's why it was coming out to be a lot...
  9. Just one more question. What should I fill in...

    Just one more question.

    What should I fill in for this?
    Income earned in the other state and included in your Kansas Adjusted Gross Income. If not a resident, this is the amount earned while...
  10. Yeah, I finished the Missouri return but had...

    Yeah, I finished the Missouri return but had those questions regarding the Kansas return. Thanks!
  11. I worked in Missouri all year, only lived in...

    I worked in Missouri all year, only lived in Kansas for part year and then moved to Missouri.
  12. KS State tax - other state's (MO) adjusted source income?

    Hello,

    I am trying to file my KS taxes for 2018. I was a part year resident and moved to MO. My income source was only from MO all through the year.

    On Schedule-S, Part B I'm assuming that KS...
  13. Answers
    3
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    4,707

    Thanks! The only reason I was confused was...

    Thanks! The only reason I was confused was because I paid it in 2018 but my divorce was complete only this year.
  14. Thanks, I might give TaxAct a shot.

    Thanks, I might give TaxAct a shot.
  15. Answers
    3
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    4,707

    Do I need to file gift taxes?

    Hello,

    I had to transfer money to my parents to pay towards my ex-wife's alimony. The amount was greater than the annual exclusion for the year 2018. Do I need to file gift taxes or can I skip it...
  16. I can't seem to use tax software since my...

    I can't seem to use tax software since my ex-spouse didn't have SSN or ITIN and they don't allow seem to allow filling NRA in that field.

    I'm manually filling it, so was wondering.
  17. 1099-B has wash sales, can I still consolidate on schedule-D?

    Hello,

    I was going through schedule-D instructions and it seems like I can consolidate the transactions in 1099-B as long as basis was reported to IRS and it doesn't show any adjustments in box...
  18. I'll try to re-visit it next year, not sure if it...

    I'll try to re-visit it next year, not sure if it will still be valid or not though.
  19. Thanks for the detailed explanation! How will...

    Thanks for the detailed explanation!

    How will I prove that the funds I sent to my parents were used in paying for the alimony? Also, technically I wasn't divorced in 2018 so I don't know if that...
  20. India and no I didn't withhold 30%

    India and no I didn't withhold 30%
  21. @AtlantaTaxExpert She didn't have a SSN

    @AtlantaTaxExpert

    She didn't have a SSN
  22. @AtlantaTaxExpert My ex-spouse was an NRA....

    @AtlantaTaxExpert
    My ex-spouse was an NRA. Further, does the IRS require proof that the funds I transferred were the ones used to make this one time payment?

    @ebaines
    Yes, the divorce was...
  23. Paid alimony in 2018 but divorced in 2019, can I claim on tax return?

    Hello,


    As the title states can I claim the alimony I paid in 2018 on my tax return?


    Also, the payments were made as gifts to my parents' account in a foreign country which was then...
  24. Answers
    3
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    4,713

    Thanks!

    Thanks!
  25. Answers
    3
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    4,713

    Regarding stock options wash sale rules

    Hello,

    I traded a lot of options last year and consequently my 1099-B has a lot of transactions in it. The brokerage doesn't seem to have marked if any of them incurred wash sale or not. Reading...
  26. Answers
    4
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    867

    MO instructions mention to attach all schedules...

    MO instructions mention to attach all schedules along with a copy of federal changes and your federal form 1040 X needed to mail the MO amended form. Do you know what is meant by copy of federal...
  27. Answers
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    867

    Gotcha, thanks!

    Gotcha, thanks!
  28. Answers
    4
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    867

    MO tax amendment line 43-45?

    Hello,

    I am trying to amend my 2017 MO state tax as a result of amending my federal tax due to ESPP sale of stock. I am using a fillable calculating copy.

    On line 43 of MO-1040, it asks me the...
  29. Thanks! I'll give it a go.

    Thanks! I'll give it a go.
  30. Do I need to make cost basis adjustment on ESPP sale of stock?

    Hello,
    I filed my taxes recently and just reported the cost basis as given by the plan broker and ended up owing money to the IRS. I read online that the cost basis might need to be adjusted. What...
  31. Answers
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    982

    Thanks again, I have sent you an email.

    Thanks again, I have sent you an email.
  32. Answers
    7
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    982

    Thanks for the response once again. Just one more...

    Thanks for the response once again. Just one more question - If I file as married filing separately then in order to claim her as an exemption I will need to file for her ITIN, W-7?

    If I don't...
  33. Answers
    7
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    982

    Thanks for the detailed reply. Since she is in...

    Thanks for the detailed reply. Since she is in India now and won't be returning anytime soon, only option 1 sounds like it could work.

    Is it possible to file my tax return as married but filing...
  34. Answers
    7
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    982

    Married joint tax return possible?

    Hello,

    I am a Resident Alient for tax purposes. My wife lived with me in the US from June 2017 - January 2018 so she satisfies the substantial presence test for the tax year 2017. She didn't have...
  35. Thanks!

    Thanks!
  36. Forgot to fill line 75 on 1040, do I file an amended return?

    Hello,

    I missed filling line 75 on form 1040 (the amount overpaid by me). However, I did fill line 76 (a) (the amount from line 75, I wanted to be refunded) with the amount that should have gone...
  37. Answers
    3
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    646

    Thanks for the reply. Can I claim loss incurred...

    Thanks for the reply. Can I claim loss incurred due to exchange rate fluctuation without repatriating the amount back to USD? What I mean is I don't want to bring my money back but just want to leave...
  38. Answers
    3
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    646

    Tax on foreign CD account interest

    Hello,

    How do I calculate interest obtained from a foreign bank CD account if the CD hasn't matured yet? Is paying tax on the interest earned at maturation an option?

    Also, is there a provision...
  39. Thanks! So, it's the total tax (withheld +...

    Thanks! So, it's the total tax (withheld + underpayment).
  40. I am not sure what you mean by overall tax...

    I am not sure what you mean by overall tax liability. Is it the grand sum of taxes paid to the work state (withheld+paid)? The resident state is Kansas and work state is Missouri.
  41. Regarding credits for taxes paid to other states

    Hello,

    I am trying to file my state income taxes. I work in one state and live in another. I first filled the income tax of the state where I am working.

    Now, when I am filling the income tax...
  42. Thanks for all the help!

    Thanks for all the help!
  43. Thanks again. I've a couple more: 1) Do I...

    Thanks again.

    I've a couple more:

    1) Do I need to provide some proof of the interest obtained from both local and overseas banks? I've 1099 INT from the local banks but for the overseas one,...
  44. Regarding interest earned from foreign bank accounts

    Hello,

    I will be filing my 2013 taxes as a resident alien. I know that I need to file FBAR form if the total amount at any point has been >= USD 10K.

    My questions are:

    1) Do I need to file...
  45. Answers
    3
    Views
    544

    Sounds good, thanks!

    Sounds good, thanks!
  46. Answers
    3
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    544

    Regarding resident alien filing status

    Hello,

    I am on H-1B visa since October 2012 and do satisfy the substantial presence test for 2013.

    I have a couple of questions:

    1) This is a rather dumb one, but I got my H-1B visa stamped...
  47. Cool, thanks for the clarification.

    Cool, thanks for the clarification.
  48. Question regarding filing 2011 1040x (1040NR-EZ)

    Hello,

    I'm trying to file amended 1040NR-EZ. I know that I need to file 1040X, 2011 1040NR-EZ (with AMENDED on top of it), same for 8843.

    However, I need to know if:
    (1) I need to attach...
  49. Answers
    3
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    943

    Thanks again. Appreciate all the prompt responses.

    Thanks again. Appreciate all the prompt responses.
  50. Answers
    3
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    943

    Missouri 1040 standard deduction?

    Hello,

    I'm trying to file my state income tax for Missouri. Line 14 on MO-1040 long form talks about MO standard deduction or itemized deduction. How do I go about deciding which one can I use?
    ...
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