Member Since September 2, 2008 , From Binghamton, United States

Recent Activity by Tax Fairy

Answered: What happens to the money of those that died ...

If they have a minor child, that child will receive benefits until they are 18. Their spouse may also be able to collect on that account when they retire if they haven't remarried and the benefit is ...

Answered: Where (forms) do i deduct loss on sale of rental ...

Wrong- depreciated property goes on form 4797 Part III first and then flows to Sch D

Answered: I'm retired, receiving Social Security and under ...

Probably not. You or your spouse must have earned income (W2 or self-employment).

Answered: Am retiring at 62 in california but moving to new ...

Check with your current provider to see if they will still cover you after the move, or if they have a branch in NY that you can transfer to. If you have to change companies completely, make sure you ...

Answered: What happens when farm equipment is repossed and ...

The balance of the loan is still due. If the lender forgives the balance of the debt, they may issue a 1099C to the debtor. The debtor then has to report that amount as income unless the debt is ...

Answered: What are my income taxes on 4800.00

If you have no other income, zero. If this is self employment income however, you will owe self employment tax.

Answered: Tax questions - live in nevada and co employed is ...

If you did not work in NY, no. If your employer withheld NYS income tax, you will have to file a non resident return to get it back.

Answered: Is there an energy tax credit for 2012

For solar or wind. The credit for energy improvements to your home (windows, doors, etc.) has expired.

Answered: I'm 65 and 10 credits short of being able to ...

Need to go back to work until you get enough credits in order to get SS. If you're disabled there's a different standard. If you don't have enough credits to get SSD, you may qualify for SSI if your ...

Topics of Interest

Contacts

Tax Fairy has no contacts.

Compliments

No compliments were posted on Tax Fairy's profile yet.