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8m ago
Yes, most IRS tax penalties are based on a percentage of the tax underpayment caused by a mistake. How it works: Accuracy-Related Penalty: Usually 20% of the underpaid tax if the IRS determines th...
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Yes, most IRS tax penalties are based on a percentage of the tax underpayment caused by a mistake. How it works: Accuracy-Related Penalty: Usually 20% of the underpaid tax if the IRS determines the error was due to negligence or substantial understatement. Late Filing Penalty: Typically 5% per month of the unpaid tax, up to a maximum of 25%. Late Payment Penalty: Usually 0.5% per month of unpaid tax, up to 25%. Fraud Penalty: Much higher — up to 75% of the underpaid tax if intentional fraud is involved. The IRS looks at intent, negligence, and the size of the error to determine the penalty. Small mistakes due to oversight may incur lighter penalties than significant underreporting or fraud. Keeping books accurate, reconciling accounts regularly, and maintaining proper documentation can significantly reduce mistakes that trigger IRS penalties. Services like Ledger Labs provide bookkeeping and tax support, which helps small businesses stay compliant and avoid costly errors.
39m ago
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50m ago
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an hour ago
@wrshirleytaxes101 I'm assuming the email you got said TT 2025 will NOT run on Windows 10? Or that Turbo Tax Online will run on Windows 10. Sorry you will need Windows 11 for the Desktop ...
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@wrshirleytaxes101 I'm assuming the email you got said TT 2025 will NOT run on Windows 10? Or that Turbo Tax Online will run on Windows 10. Sorry you will need Windows 11 for the Desktop program. 2024 & 2025 Turbo Tax Desktop Download System Requirements. For 2025 you will need Windows 11 or later or Mac OS Sonoma 14 or later (newer). Click on the 2025 tab at the top. https://turbotax.intuit.com/personal-taxes/cd-download/tta-system-requirements
an hour ago
Here's a link to the forms availability table. https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotaxbusiness_fed_windows_selector.html
2 hours ago
Check this site
for online it says form 6781 will be ready 1/15/2026 but you'll probably need the premier version of online
https://form-status.app.intuit.com/tax-forms-availability/formsavailabi...
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Check this site
for online it says form 6781 will be ready 1/15/2026 but you'll probably need the premier version of online
https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg
online does not require W11.
2 hours ago
At this point, I think you have only a few options, one of which would be to use a program from a different provider, such as H&R Block or TaxAct, both of which run on Windows 10. Alternatively, ...
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At this point, I think you have only a few options, one of which would be to use a program from a different provider, such as H&R Block or TaxAct, both of which run on Windows 10. Alternatively, you would need to buy, or get access to, a machine that can run Windows 11 or run it in some sort of VM.
2 hours ago
Not sure about the content of the email you received, but Windows 11 is definitely a system requirement to run any desktop version of TurboTax.
2 hours ago
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2 hours ago
My current Workstation is Windows 10 and will not run Windows 11 as is. I'm NOT excited about TPM 2.0 which must be present when MS checks your computer for eligibility to install Windows 11! I CAN...
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My current Workstation is Windows 10 and will not run Windows 11 as is. I'm NOT excited about TPM 2.0 which must be present when MS checks your computer for eligibility to install Windows 11! I CAN'T run "Online" since I have Section 1256 options contracts, which are not supported online. I must use Desktop. I received an email dated 10/23/2025, stating that TT2025 WILL run on Windows 10! I'm very confused and unhappy, since TurboTax has already hit my credit card for the download and it will not install!
2 hours ago
My current Workstation is Windows 10 and will not run Windows 11 as is. I'm NOT excited about TPM 2.0 which must be present when MS checks your computer for eligibility to install Windows 11! I CAN...
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My current Workstation is Windows 10 and will not run Windows 11 as is. I'm NOT excited about TPM 2.0 which must be present when MS checks your computer for eligibility to install Windows 11! I CAN'T run "Online" since I have Section 1256 options contracts, which are not supported online. I must use Desktop. I received an email dated 10/23/2025, stating that TT2025 WILL run on Windows 10! I'm very confused and unhappy, since TurboTax has already hit my credit card for the download and it will not install!
2 hours ago
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4 hours ago
sounds like some sort of problem with your Mac setup, suggest googling for possible solutions and also check/post in the apple discussions forum e.g. https://discussions.apple.com/thread/7818490?sort...
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sounds like some sort of problem with your Mac setup, suggest googling for possible solutions and also check/post in the apple discussions forum e.g. https://discussions.apple.com/thread/7818490?sortBy=rank
4 hours ago
I don't think the program supports the form. If you're filing a 1065, Form 982 is filed at the partner level.
4 hours ago
Exactly what I was looking for. Thank you!
4 hours ago
Starting in 2026, married couples filing jointly can contribute up to $7,500 total per year to a dependent care FSA. • You cannot contribute more than the earned income of the lower-earning spouse. ...
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Starting in 2026, married couples filing jointly can contribute up to $7,500 total per year to a dependent care FSA. • You cannot contribute more than the earned income of the lower-earning spouse. For example if one spouse earns $6,000 and the other $70,000, the maximum is $6,000 for the couple—regardless of the IRS contribution cap.
4 hours ago
Hi, I’m an ordained pastor who began my job in 2024 and receiving W2, with salary and housing allowance (my sole income is from the W2). My employer (the church) asked payroll to withhold my Federal ...
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Hi, I’m an ordained pastor who began my job in 2024 and receiving W2, with salary and housing allowance (my sole income is from the W2). My employer (the church) asked payroll to withhold my Federal income tax (calculated using salary) + Social Security and Medicare taxes (15.3%, calculated using salary + housing allowance) all under Federal income tax withheld (box 2 on W2) and therefore I did not use 1040-ES to file my quarterly SECA taxes in 2024. Due to inexperience (both my employer and myself), I was under the impression that the additional Social Security and Medicare taxes withheld under Federal income tax would’ve been “automatically moved/reassigned” to cover my SECA tax liability (boxes 3, 4, 5, 6 are all zero on W2). Therefore, when I was filing my 2024 tax this year, when asked by TurboTax’s interview questions, “Now tell us about your clergy self-employment taxes. Your clergy housing allowance and wages are subject to Social Security and Medicare taxes (commonly called self-employment tax). How should we calculate these taxes?”, I chose the option “Social Security and Medicare taxes have already been withheld” and filed my taxes. I didn’t even know that a Schedule SE was not included by TurboTax. Only when I was informed by SSA this month that I’ve never paid any SS & Medicare taxes in 2024 did I realize that I now owe SECA taxes for the entire year of 2024. Is there anyway I can amend the 2024 tax to include Schedule SE so that the correct amount of the SECA taxes can be “moved/reassigned” from the already withheld Federal income tax to cover my SECA liability? When I tried the Amend function in TurboTax, the only option I could find is changing my choice of the above mentioned TurboTax interview question “How should we calculate these taxes?” to “Pay self-employment tax on my wages and housing allowance.” But my question is: since I already had my SS & Medicare taxes withheld along with my Federal income tax, will this option calculate more SECA taxes than I should pay? And honestly, I’m not even sure if this is the correct way to use the Amend function to address my problems. I’m quite desperate as I know there will already be penalty on my SECA liability. Please let me know how I could proceed (with TurboTax) to address this issue. Your help is greatly appreciated!
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