Ask a CPA

Welcome to Ask a CPA!

We welcome your questions regarding taxes, retirement planning, paying for college, buying a home and other financial topics. You can submit (hotlink) a question, and we will consider it for publication and a response on this site. (Unfortunately, we cannot respond directly to you.) Please keep your questions short and focused on one subject. Because of the volume of questions we receive, we cannot respond to every one. Often, however, someone has already submitted a similar question, and you can find our response to it by checking the appropriate category at the left.

Before you submit your question, please take a few minutes to check out answers to previous questions. Chances are that a variant of your question already has been answered. Also, please note that we cannot answer every question submitted, and, in most cases, we will not reply directly to your email. So check back frequently to see if your question has been answered.

Ask a CPA is a service for the general public. We cannot respond to questions submitted by CPAs or other financial professionals.

Frequently Asked Questions:

Income Tax

Is a personal gift or loan taxable?

Do I have to report foreign funds to the IRS?

For how many years must I file back taxes?

Do I have to file taxes in two states?

Podcast discussing how to handle a notification that you owe back taxes

Sales Tax

When are services subject to California sales tax?

Should I charge sales tax when selling digital photos?

Should service technician charge sales tax?

Can a sales tax be added to a delivery charge?

Do I charge sales tax on cleaning services?

Podcast discussing when and when not to charge sales tax

1031 Exchanges

How long can I delay renting property involved in a 1031 exchange?

Will proceeds from a 1031 exchange be taxed?

Podcast discussing 1031 exchange rules


Who pays taxes on a Roth IRA?

Capital Gains

What taxes do I pay if I sell a house below its basis?

Can I pay taxes before selling a property?

Ask a CPA