Common Tax FAQs

Welcome to our most common tax questions. Please contact us or call 952.440.6500 to ask any tax question not on this list.

Q. We did a short sale or had a foreclosure on our home. Is this taxable?
 A. For many  of you, if this is your primary residence it will not be taxable. Check with one of our Tax Preparers to find out if you fall into this category.


Q. If I claim my child as a dependant because he/she is a full-time college student, can he/she claim themselves on their own tax return?
 A. No, if you claim your child as a dependent on your tax return, your child cannot claim themselves on their tax return.


Q. I donated a lot of clothing & miscellaneous household items to thrift stores. How do I figure out the deductions for my taxes?
 A. We have a guideline sheet available for this. Please contact us and we will be happy to mail or email one to you.


 


I am pleased to recommend Speiker Company and their services. I am extremely impressed with their response time and “get it done” attitude. They have proven to my team to have a high level of professionalism and best prices for the services they have to offer.


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