All Posts

You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.

You first have to clarify the nature of your relationship with the "employer." If they are not withholding any taxes, it might be because they consider you an independent contractor, not an employee. Do they take out Social Security and Medicare taxes? Do they take out state income tax? (What state do you work in?) Did they have you fill out a Form W-4?  

And....if your son was paid in cash or was provided with a 1099NEC, he has self-employment income.  If he earned at least $400 of self-employment income, your son needs to file a tax return of his own and pay self-employment tax for Social Security and Medicare.   If he received a W-2, then he needs to file if his earnings exceeded the standard deduction amount for his filing status or if tax was withheld and he wants to seek a refund.  On his return, he must say that he can be claimed as someone else's dependent.   https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653   https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922   We can provide more information if you need it.  

If you did not file your 2019 return, the only way to file it now is by mail, and it is too late to receive a refund---the refund has been forfeited if you did not file it by the three year filing deadline in 2023.   You can check to see what is shown in your account---does it say the return was "accepted," "rejected", "printed" or "ready to mail?"   If it says anything other than accepted then it was not e-filed successfully.   Another way to check is to look for a transcript of the return on the IRS site.     You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2024 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery     Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei     https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0 You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.      

@USM Professor wrote: Would it be possible for you to provide the link again for "Estimated Tax Payments" as it is now a dead link?    We are selling our house and will need to pay capital gains and want to know when and how we can pay it.    Thank you.  See if this TurboTax Tax Tip website would be of assistance - https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-common-questions/L1luHqVdl

Would it be possible for you to provide the link again for "Estimated Tax Payments" as it is now a dead link?    We are selling our house and will need to pay capital gains and want to know when and how we can pay it.    Thank you. 

First you need to check the IRS refund site to see if your refund was issued, and look to see how much they issued.   https://www.irs.gov/refunds   Your tax refund was not sent to TurboTax.   TurboTax does not handle your refund at all.   Santa Barbara Tax Products Group, LLC  (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. This option also has an additional charge from the bank that processes the transaction.  You can contact them SBTPG, toll-free, at 1-877-908-7228 or go to their secure website www.sbtpg.com              How can I see my TurboTax  fees?    https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k   What is Refund Processing Service?  

Especially if you  uploaded any forms using a Picture or PDF file....those types of form "uploads" can result in massive errors.....so go back to any income forms you entered, and "edit" them to make sure every value is correct vs your paper copy. _________________ Tax form "imports" that come directly into the software from financial providers are "usually" correct, but you must still check the values after importing them....also you may need to answer some follow-up questions that the imports did not deal with.

You got it, but beware payment timing.  To see this calculation see lines 1-9 of Form 2210.   In your situation with significant increase in tax from year to year you can pay estimated tax based on prior year tax.  The only variable from 2025 that matters in that case is any withholding.  But the tax has to be paid "timely" - quarterly for estimated taxes; withholding is regarded as timely by default (the total is divided by 4).  When you filed for 2024 using TT it would have generated ES vouchers by default based on prior year tax and assuming 2025 withholding will be the same as 2024.   Subtract your estimated withholding from the 132k and divide what is left by 4, that's the quarterly payment you need to make / should have made.  If you didn't pay this in Q1 and Q2 you will be accruing penalty but you can stop the penalty growing if you pay that in Q3 i.e. by Q3 deadline you need to have paid 75% of that annual ES total and the remaining 25% in January 2026, and the balance due on your return in April 2026.   The penalty rate is 8% annually, but would be applied on 25% of the missed ES since Q1 for a few months until you pay it, 25% of the missed ES since Q2, so the penalty is probably not too bad as long as you get the ES caught up.   You can also increase withholding to meet more of what is due during the year and reduce the portion due from estimated tax payments, but you only only 6 months left for that to apply.