kargdale
Returning Member

Get your taxes done using TurboTax

Thank you Coleen,

 

Why do you think sometthing is WRONG?

 

In NOTICE 703

A = BOX 5 my BENEFITS = $31,000

B = ENTER 1/2 A = $15,500

C,D = 0

E = B + C+D = $15,500 OR PER 1. BENEFITS NOT TAXABLE BELOW $25,000

 

1. How are BENEFITS different than WAGES? 

 

2. IF I FILE

For 1040 lINE 5 = 1 EXEMPTION

7 = 0 WAGES ?

Is there a Deduction either Itemized since I own a home and pay interest = $4,100, Taxes = $896 and PMI = $1,066? OR USE STANDARD DEDUCTIONS?

 

 

3.  AM I DO A REFUND OR NO SINCE I HAVE NOT PD FED TAXES?

 

4.  I HAVE NO WITHHOLDINGS BUT WOULD LIKE TO FILE Such that i have filed 2018 - 2020 so they have heard from me.

 

5.  I DO OWE SOME BACK TAXES and considering, if IRS asks to begin a repayment plan.  I owe  a large amount back to 2008, what YEAR can IRS collect back to?

 

Thanks Coleen