# Taxes **URL:** https://community.clark.com/c/taxes/16.md?page=1 [Latest](https://community.clark.com/latest.md) · [Categories](https://community.clark.com/categories.md) · [Tags](https://community.clark.com/tags.md) **Page:** 2 --- ## [Required IRA distributions](https://community.clark.com/t/required-ira-distributions/4968)
**Author:** [@KeepinItReal](https://community.clark.com/u/KeepinItReal)\ **Replies:** 13\ **Last updated:** [June 17, 2024, 3:42am UTC](https://community.clark.com/t/required-ira-distributions/4968 "2024-06-17T03:42:29Z")
My wife recently turned 73 and has 3 separate IRAs. Does she have to take an RMD from each of them or can she take 1 RMD from one of them to cover the entire amount of all 3. --- ## [Beware! Georgia DOR Unfairly Levied Tax Penalty On My Accurate Tax Return](https://community.clark.com/t/beware-georgia-dor-unfairly-levied-tax-penalty-on-my-accurate-tax-return/5449)
**Author:** [@rglim63](https://community.clark.com/u/rglim63)\ **Replies:** 2\ **Last updated:** [June 10, 2024, 11:03pm UTC](https://community.clark.com/t/beware-georgia-dor-unfairly-levied-tax-penalty-on-my-accurate-tax-return/5449 "2024-06-10T23:03:53Z")
I don’t know if this is something that has already been exposed or if it’s something that someone needs to investigate. There are flaws, inconsistencies, and shortcomings in the Georgia income tax instruction booklet reg… --- ## [I found a way to solve the Medicare IRMAA surtax & Roth conversion puzzle](https://community.clark.com/t/i-found-a-way-to-solve-the-medicare-irmaa-surtax-roth-conversion-puzzle/5144)
**Author:** [@ochotona](https://community.clark.com/u/ochotona)\ **Replies:** 0\ **Last updated:** [May 9, 2024, 6:07pm UTC](https://community.clark.com/t/i-found-a-way-to-solve-the-medicare-irmaa-surtax-roth-conversion-puzzle/5144 "2024-05-09T18:07:55Z")
I think I’ve come upon an answer for my Roth conversion riddle. FYI, I have a large tax-deferred (“always taxed”) IRA. I’m 63. I’m going to be a widower maybe in my early 70s. If I still have a large IRA when this transi… --- ## [Recommend income tax software and service?](https://community.clark.com/t/recommend-income-tax-software-and-service/5011)
**Author:** [@robertpri](https://community.clark.com/u/robertpri)\ **Replies:** 2\ **Last updated:** [April 30, 2024, 12:26pm UTC](https://community.clark.com/t/recommend-income-tax-software-and-service/5011 "2024-04-30T12:26:33Z")
I’ve used TaxAct for many years and never a problem. Until now. My 2023 taxes are done, but I want to change online service. I’ve heard of Turbotax. Good one? Others? --- ## [IRS penalty for not making quarterly payments](https://community.clark.com/t/irs-penalty-for-not-making-quarterly-payments/2328)
**Author:** [@KeepinItReal](https://community.clark.com/u/KeepinItReal)\ **Replies:** 8\ **Last updated:** [April 21, 2024, 1:45pm UTC](https://community.clark.com/t/irs-penalty-for-not-making-quarterly-payments/2328 "2024-04-21T13:45:22Z")
I recently completed my federal income tax return for 2022. Turns out, I owe the IRS about $2,000. I also read somewhere that the IRS assesses a penalty if you owe them over $1,000 and didn’t make quarterly payments duri… --- ## [Do You Look Forward to a Big Tax Refund Check?](https://community.clark.com/t/do-you-look-forward-to-a-big-tax-refund-check/65)
**Author:** [@TeamClarkAdmin](https://community.clark.com/u/TeamClarkAdmin)\ **Replies:** 11\ **Last updated:** [April 21, 2024, 1:37pm UTC](https://community.clark.com/t/do-you-look-forward-to-a-big-tax-refund-check/65 "2024-04-21T13:37:56Z")
Clark doesn’t recommend big tax refunds. See his tax refund advice instead. Do you agree or disagree? Tell us why! --- ## [No 1099 NEC form provided yet](https://community.clark.com/t/no-1099-nec-form-provided-yet/4546)
**Author:** [@soldieradvocate](https://community.clark.com/u/soldieradvocate)\ **Replies:** 1\ **Last updated:** [April 21, 2024, 1:29pm UTC](https://community.clark.com/t/no-1099-nec-form-provided-yet/4546 "2024-04-21T13:29:22Z")
My employer has not provided me with my usual 1099 NEC which reflects almost my total income. If he doesn’t come through, how should I report my income which mostly comes from him? --- ## [IRS Mileage Reimbursement](https://community.clark.com/t/irs-mileage-reimbursement/4841)
**Author:** [@rontam028](https://community.clark.com/u/rontam028)\ **Replies:** 3\ **Last updated:** [April 3, 2024, 8:15pm UTC](https://community.clark.com/t/irs-mileage-reimbursement/4841 "2024-04-03T20:15:24Z")
If I drive from my home to a work meeting and then to my place of employment, is all, part, or none of my drive allowable for the mileage reimbursement? --- ## [COST BASIS Help needed](https://community.clark.com/t/cost-basis-help-needed/4590)
**Author:** [@cinmgil](https://community.clark.com/u/cinmgil)\ **Replies:** 2\ **Last updated:** [March 17, 2024, 5:47pm UTC](https://community.clark.com/t/cost-basis-help-needed/4590 "2024-03-17T17:47:46Z")
I was employed by a company some years back, ending in 1985. Apparently they sold a partial share of my stock this January and I have proceeds of $15. They don’t show the cost basis and I have no idea what the stock wa… --- ## [Award is taxable, but there were expenses](https://community.clark.com/t/award-is-taxable-but-there-were-expenses/4413)
**Author:** [@lisa5678](https://community.clark.com/u/lisa5678)\ **Replies:** 12\ **Last updated:** [February 19, 2024, 1:46am UTC](https://community.clark.com/t/award-is-taxable-but-there-were-expenses/4413 "2024-02-19T01:46:45Z")
I’m helping my daughter with her taxes, and I’ve never encountered this before. My daughter is a graduate student at University A. University B offers a workshop during the summer and $1000 toward travel expenses. She… --- ## [Expenses on sale of farm/building/property](https://community.clark.com/t/expenses-on-sale-of-farm-building-property/4348)
**Author:** [@UniversalSam](https://community.clark.com/u/UniversalSam)\ **Replies:** 6\ **Last updated:** [February 6, 2024, 6:00am UTC](https://community.clark.com/t/expenses-on-sale-of-farm-building-property/4348 "2024-02-06T06:00:39Z")
This may be too complicated of a question for here, and I would like my grandparents to just hire a tax CPA or enrolled agent, but I thought I would ask here first. He sold his farm (secondary to his primary residence) i… --- ## [Qualifying Relative](https://community.clark.com/t/qualifying-relative/4217)
**Author:** [@Smartpolitics](https://community.clark.com/u/Smartpolitics)\ **Replies:** 0\ **Last updated:** [January 17, 2024, 1:11am UTC](https://community.clark.com/t/qualifying-relative/4217 "2024-01-17T01:11:46Z")
Disrupted adoption. Had foster son for 157 days. Son was ward of the state for 89 days and placed with his sister for 119 days. Not sure if residential treatment occurred before or after placement with his sister. We wer… --- ## [AAII article - "Roth70" could be the best retirement tax strategy for many](https://community.clark.com/t/aaii-article-roth70-could-be-the-best-retirement-tax-strategy-for-many/3759)
**Author:** [@ochotona](https://community.clark.com/u/ochotona)\ **Replies:** 4\ **Last updated:** [November 10, 2023, 12:09am UTC](https://community.clark.com/t/aaii-article-roth70-could-be-the-best-retirement-tax-strategy-for-many/3759 "2023-11-10T00:09:40Z")
{this is basically my plan… defer SocSec until 70, retire at 65, use taxable funds to Roth convert in those zero-income years, avoid IRMAA, keep distributing from IRAs into low brackets continuously even though not requi… --- ## [Donations to organized homeless shelters deductible, if not itemized?](https://community.clark.com/t/donations-to-organized-homeless-shelters-deductible-if-not-itemized/3719)
**Author:** [@robertpri](https://community.clark.com/u/robertpri)\ **Replies:** 7\ **Last updated:** [October 27, 2023, 3:47am UTC](https://community.clark.com/t/donations-to-organized-homeless-shelters-deductible-if-not-itemized/3719 "2023-10-27T03:47:52Z")
I don’t itemize my taxes but make considerable donations to local homeless centers. Can I still deduct them? --- ## [Home Sale - Capital gains tax?](https://community.clark.com/t/home-sale-capital-gains-tax/3324)
**Author:** [@hansona0190](https://community.clark.com/u/hansona0190)\ **Replies:** 7\ **Last updated:** [August 13, 2023, 3:41pm UTC](https://community.clark.com/t/home-sale-capital-gains-tax/3324 "2023-08-13T15:41:48Z")
Good Afternoon, I am selling my home, but not ready to purchase another just yet. The home is valued at 310,000 and we owe 123,000. This also involves a situation - my ex-wife and I are still on the deed, she is curre… --- ## [IRS Direct File - Good? Bad?](https://community.clark.com/t/irs-direct-file-good-bad/2829)
**Author:** [@rjratnip](https://community.clark.com/u/rjratnip)\ **Replies:** 2\ **Last updated:** [May 19, 2023, 3:05am UTC](https://community.clark.com/t/irs-direct-file-good-bad/2829 "2023-05-19T03:05:01Z")
My taxes are pretty simple these days and I generally find a way to file for free (Currently use FreeTaxUSA, no need to buy TurboTax or H&R Block). But I’ve always thought we shouldn’t have to pay to file our taxes and t… --- ## [Giant Property Tax Assessment Increases in Gwinnett County](https://community.clark.com/t/giant-property-tax-assessment-increases-in-gwinnett-county/2766)
**Author:** [@Rutigertoo](https://community.clark.com/u/Rutigertoo)\ **Replies:** 2\ **Last updated:** [May 9, 2023, 3:33pm UTC](https://community.clark.com/t/giant-property-tax-assessment-increases-in-gwinnett-county/2766 "2023-05-09T15:33:52Z")
The Gwinnett County Tax Assessors appear to have moved quick to greatly boost their tax digest in a possible attempt to foil the one-time refund of $950 million in property taxes back to homestead owners, The Property Ta… --- ## [IRS Direct Deposit Fail](https://community.clark.com/t/irs-direct-deposit-fail/2608)
**Author:** [@Rick](https://community.clark.com/u/Rick)\ **Replies:** 5\ **Last updated:** [April 12, 2023, 10:19am UTC](https://community.clark.com/t/irs-direct-deposit-fail/2608 "2023-04-12T10:19:03Z")
Here’s a story… I eFiled my Federal taxes on March 9th with instruction to direct deposit my rather large refund. While patiently waiting for the deposit to hit my bank account, on April 3rd I received a check for the fu… --- ## [Claiming the $600 tax stimulus payment](https://community.clark.com/t/claiming-the-600-tax-stimulus-payment/2600)
**Author:** [@Pengyou](https://community.clark.com/u/Pengyou)\ **Replies:** 1\ **Last updated:** [April 11, 2023, 12:53am UTC](https://community.clark.com/t/claiming-the-600-tax-stimulus-payment/2600 "2023-04-11T00:53:33Z")
I did not get the $600 tax stimulus check, though I got the other 2. I am current with my taxes - just filed 2022 3 weeks ago. I have searched the internet and taked to a couple of franchise tax preparers. Everyone’s … --- ## [Kiplinger: "Controversial Capital Gains Tax Upheld in Washington"](https://community.clark.com/t/kiplinger-controversial-capital-gains-tax-upheld-in-washington/2593)
**Author:** [@PropofolMask](https://community.clark.com/u/PropofolMask)\ **Replies:** 0\ **Last updated:** [April 9, 2023, 2:32am UTC](https://community.clark.com/t/kiplinger-controversial-capital-gains-tax-upheld-in-washington/2593 "2023-04-09T02:32:25Z")
--- ## [IRS Processing Delays: ok, what to do?](https://community.clark.com/t/irs-processing-delays-ok-what-to-do/1066)
**Author:** [@Doh](https://community.clark.com/u/Doh)\ **Replies:** 16\ **Last updated:** [March 26, 2023, 10:59pm UTC](https://community.clark.com/t/irs-processing-delays-ok-what-to-do/1066 "2023-03-26T22:59:24Z")
On the 7/18/22 podcast Clark mentioned the 20 million people still waiting for tax forms to be processed, and the inability to get hold of anyone at the IRS. I believe he also said of one of the demand letters he receiv… --- ## [Tax Return stuck at IRS](https://community.clark.com/t/tax-return-stuck-at-irs/2506)
**Author:** [@Dabrew](https://community.clark.com/u/Dabrew)\ **Replies:** 0\ **Last updated:** [March 24, 2023, 1:02pm UTC](https://community.clark.com/t/tax-return-stuck-at-irs/2506 "2023-03-24T13:02:35Z")
A friend of mine had to file a tax return for her deceased sister. She sent the return April 2022, they requested additional info in November 2022, which was completed and mailed back in December 2022. It is now late Mar… --- ## [Senior parents sold 35 year old home, but all receipts lost to water!](https://community.clark.com/t/senior-parents-sold-35-year-old-home-but-all-receipts-lost-to-water/2495)
**Author:** [@mary896](https://community.clark.com/u/mary896)\ **Replies:** 6\ **Last updated:** [March 24, 2023, 12:44am UTC](https://community.clark.com/t/senior-parents-sold-35-year-old-home-but-all-receipts-lost-to-water/2495 "2023-03-24T00:44:54Z")
Hi all, this is my first time posting…but LONG time CH listener. My parents sold their house last year and moved to senior apartments. They are afraid to do their taxes because they lost pretty much all of their home i… --- ## [Question having to do with filling out form 8895 QBI deduction](https://community.clark.com/t/question-having-to-do-with-filling-out-form-8895-qbi-deduction/2497)
**Author:** [@JenB445](https://community.clark.com/u/JenB445)\ **Replies:** 0\ **Last updated:** [March 22, 2023, 10:47pm UTC](https://community.clark.com/t/question-having-to-do-with-filling-out-form-8895-qbi-deduction/2497 "2023-03-22T22:47:54Z")
If anyone here is experienced with the QBI (Qualified Business Income) deduction, I have a question that is probably fairly easy to answer. Thanks! --- ## [Where report 1099K for online retailer?](https://community.clark.com/t/where-report-1099k-for-online-retailer/2416)
**Author:** [@soldieradvocate](https://community.clark.com/u/soldieradvocate)\ **Replies:** 0\ **Last updated:** [March 12, 2023, 3:00pm UTC](https://community.clark.com/t/where-report-1099k-for-online-retailer/2416 "2023-03-12T15:00:20Z")
Confused about where to report 1099K income for a self employed online retailer. Is it enough to just enter it on schedule C or does it have to be entered under “other income” also? Shopify provided the 1099K. --- ## [Health Insurance self employed](https://community.clark.com/t/health-insurance-self-employed/2387)
**Author:** [@tgsnmom](https://community.clark.com/u/tgsnmom)\ **Replies:** 0\ **Last updated:** [March 8, 2023, 12:59am UTC](https://community.clark.com/t/health-insurance-self-employed/2387 "2023-03-08T00:59:47Z")
Hoping for Clarification. Is anyone clear on how to list health insurance premiums if you are self employed? Daughter started her own business in 2022. She has Tricare YA under us and pays her own premiums. She would l… --- ## [2023 Federal Tax info](https://community.clark.com/t/2023-federal-tax-info/2232)
**Author:** [@billinin](https://community.clark.com/u/billinin)\ **Replies:** 1\ **Last updated:** [March 1, 2023, 5:00pm UTC](https://community.clark.com/t/2023-federal-tax-info/2232 "2023-03-01T17:00:49Z")
Good info here in one location… https://advisors.vanguard.com/tax-center/tax-season-calendar/current-year --- ## [Are deductibility of charitable donations subject to threshold this year?](https://community.clark.com/t/are-deductibility-of-charitable-donations-subject-to-threshold-this-year/2314)
**Author:** [@Henrius](https://community.clark.com/u/Henrius)\ **Replies:** 1\ **Last updated:** [February 25, 2023, 6:01pm UTC](https://community.clark.com/t/are-deductibility-of-charitable-donations-subject-to-threshold-this-year/2314 "2023-02-25T18:01:50Z")
For 2021, all charitable contributions could be deducted against income, regardless of whether the taxpayer itemized or not. Is it the same for 2022 returns, or did they return it to the way it used to be? --- ## [Estimated Taxes Due Dates for 2023](https://community.clark.com/t/estimated-taxes-due-dates-for-2023/2045)
**Author:** [@tekwrite](https://community.clark.com/u/tekwrite)\ **Replies:** 8\ **Last updated:** [February 22, 2023, 3:43pm UTC](https://community.clark.com/t/estimated-taxes-due-dates-for-2023/2045 "2023-02-22T15:43:59Z")
--- ## [Ebike Federal Tax Credit](https://community.clark.com/t/ebike-federal-tax-credit/2283)
**Author:** [@Juaco21](https://community.clark.com/u/Juaco21)\ **Replies:** 1\ **Last updated:** [February 18, 2023, 4:38pm UTC](https://community.clark.com/t/ebike-federal-tax-credit/2283 "2023-02-18T16:38:41Z")
Hello, I’m going to purchase an Ebike this year and wanted to know if there will be any federal tax credit applied when I file taxes next year? [Previous page](https://community.clark.com/c/taxes/16.md) [Next page](https://community.clark.com/c/taxes/16.md?page=2)