Tracy L. Coenen

Featured Writer
 
Member Since June 29, 2008 , From chicago IL, United States
Do you have a question on your personal taxes or small business taxes? Post your question or you can also read my articles on Walletpop.com
About Tracy L. Coenen:

 

Tracy L. Coenen, CPA, CFF, is WalletPop's Tax Expert and Fraud Expert.  Tracy is a highly experienced forensic accountant and fraud investigator with impressive credentials. She is recognized across the country as an authority on fraud detection and investigation.

 


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Recent Activity by Tracy L. Coenen

Answered: A state pension from state A is paid to the ...

Typically you will claim the income in the state in which you live.

Answered: I have health ins. I paid 1000 in deduction and ...

If you itemize your deductions on Schedule A, you can deduct these medical expenses there. However, you will only get an actual deduction for the amount of medical expenes that exceeds 7.5% of your ...

Answered: Grandchildren as dependents

It really depends on the circumstances, mainly whether your mother financially supports the children. The details on claiming dependents are found here: http://www.irs.gov/publications/p501/ar02.html ...

Answered: My money

Many states have a process in place to take your refund and apply it to child support owed. So yes, it's possible that if you're due a refund, it could get taken and applied to child support. I'd ...

Answered: IRA Beneficiary Tax Return. College Student ...

You should use Form 1040. You can get information on reporting the IRA income here: http://www.irs.gov/publications/p590/ch01.html#d0e6459 And information related to the college tuition here: http ...

Answered: My mother is 56, completely disabled, her only ...

I do not believe she qualifies as your dependent, since her income is too high. You can see the rules here: http://www.irs.gov/publications/p501/ar02.html#en_US_publink100041887

Answered: Where on my schedula A form do I put my ...

There is no deduction for buying foreclosed property, as far as I'm aware. The only deduction on Schedule A would be for your property taxes and mortgage interest, if you have made the property your ...

Answered: Can a married couple file married filing seperate ...

You can file separately, but you both have to do deductions the same way, itemized or standard. So no, your husband can't itemize while you file EZ.

Answered: Losses

No, I'm afraid you can't.

Answered: Home buyers tax benefit

More information from the IRS website: http://www.irs.gov/newsroom/article/0,,id=186831,00.html

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