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April 14, 2025
7:25 PM
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April 14, 2025
7:25 PM
I participated in 457B plan thru a prior employer. 8 years ago, after retiring, a qualifying event, I took one $75,000 distribution. It was drawn over 3 successive years at $30,000, $22,500, $22,5...
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I participated in 457B plan thru a prior employer. 8 years ago, after retiring, a qualifying event, I took one $75,000 distribution. It was drawn over 3 successive years at $30,000, $22,500, $22,500. The balance of the 457b was then directly rolled over into an IRA account opened with Fidelity. Fidelity was also the custodian of the 457b . So the 457b became a Rollover IIRA . Since then additional sources of qualified pre-tax revenue has been added to this same account. This year, the 2024 tax year, 8 years later, I am performing a 4th successive partial ROTH conversion, $50,000, from that IRA account. When I characterize the originating account as an IRA, in Turbo Tax Michigan, I receive a $1500 state refund (I am employed and pay state tax thru payroll.). When I characterize the account as a 457b the tax software indicates $500 of state tax is owed. BTW I am 64.5 years old. Which way is the proper manner to enter the pre-tax account type from where the Roth conversion funds are coming out. Should it be characterized, as a 457b or an IRA?
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April 14, 2025
7:25 PM
I know how much I made but do not know their EIN, the company is not available to answer my calls
April 14, 2025
7:25 PM
You should only be prompted if your situation applies; however, you can review any credits shown on your Colorado Form 104, Lines 13-17.
This form is filed separately at the CO Dept. of Reven...
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You should only be prompted if your situation applies; however, you can review any credits shown on your Colorado Form 104, Lines 13-17.
This form is filed separately at the CO Dept. of Revenue site. Here's more info on Form DR-1778.
If you're using TurboTax Online, clear your Cache and Cookies and step through the CO interview again.
@tonythan303
April 14, 2025
7:24 PM
If you have already filed your taxes, you will have to set up installment payments directly with the IRS. You can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreem...
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If you have already filed your taxes, you will have to set up installment payments directly with the IRS. You can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreements website.
Click here to Apply online for a payment plan
Your specific tax situation determines which payment options are available to you. Payment options include full payment, a short-term payment plan or a long-term payment plan
The IRS does charge a user fee for setting up or reinstating an installment agreement.
Entering into an installment agreement can provide you with peace of mind that the IRS will not pursue any of the harshest collection methods at its disposal, but interest and penalty charges will continue to accrue on your unpaid tax balances
Click here for "Facts about IRS Payment Plans"
April 14, 2025
7:24 PM
You normally use the address you can receive mail at, which is usually where you live. However if for some reason you do not want to receive mail at your Columbus address, for instance you are only...
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You normally use the address you can receive mail at, which is usually where you live. However if for some reason you do not want to receive mail at your Columbus address, for instance you are only living there temporarily and will move back to Canton then you would use that one.
April 14, 2025
7:24 PM
No, you can't claim a federal tax levy on your taxes. This is simply payment due for past balances, which is not a deduction. If it was a state levy, you may be able to add the amount paid to you...
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No, you can't claim a federal tax levy on your taxes. This is simply payment due for past balances, which is not a deduction. If it was a state levy, you may be able to add the amount paid to your itemized deductions.
April 14, 2025
7:24 PM
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April 14, 2025
7:23 PM
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April 14, 2025
7:23 PM
Yes, you can. The extension just extends the time for which your tax return is due. To file an extension for 2024.
An extension gives you until October 15 to file your federal tax return. To a...
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Yes, you can. The extension just extends the time for which your tax return is due. To file an extension for 2024.
An extension gives you until October 15 to file your federal tax return. To avoid penalties, you can file the extension and pay any balance due by the April 15 deadline. The extension is only for filing your tax return.
If you are using a desktop version of TurboTax you can file an extension for your tax return using the instructions in this link: How do I file an IRS tax extension?
If you used TurboTax Online, to apply for an extension in your TurboTax program, you can do the following:
Click on the search icon in the upper right of your TurboTax screen
Type "extend" in your search box
Click on the link "Jump to extend"
Your screen will say "Applying for an Extension"
Answer "Yes" to the question "program,"
Select "Continue"
Follow the TurboTax screens and answer all of the follow-up questions
Your TurboTax screen will look something like this:
You can click this link federal tax extension to start an extension.
Click here for How to File a Tax Extension: A Step-By-Step Guide
April 14, 2025
7:23 PM
Thank You for sharing that there's no credit for financial support. ugh. Yes; I know about the SSN + ITIN too 🙂 My wife will be entering our country next month; presently I'm awaiting for her Gree...
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Thank You for sharing that there's no credit for financial support. ugh. Yes; I know about the SSN + ITIN too 🙂 My wife will be entering our country next month; presently I'm awaiting for her Green Card + SSN 🙂 Once she arrives; I will start the Visa process for my step-son. Mahalo to All! 🙂
April 14, 2025
7:22 PM
You can delete it. If you have trouble finding the form name - reply back with the state you are filing a return for.
How to delete forms in TurboTax Online
How to delete forms in Tur...
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You can delete it. If you have trouble finding the form name - reply back with the state you are filing a return for.
How to delete forms in TurboTax Online
How to delete forms in TurboTax Desktop
April 14, 2025
7:22 PM
These instructions don't help for those of us with the Desktop software who are having the same issue of NO summary sheet or mailing instructions.
April 14, 2025
7:22 PM
I followed those instructions but the software would not allow me to complete a SD-100 form. I was on the phone for over 2.5 hours with support and they were not able to help me. I think there is a g...
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I followed those instructions but the software would not allow me to complete a SD-100 form. I was on the phone for over 2.5 hours with support and they were not able to help me. I think there is a glitch in the software.
April 14, 2025
7:21 PM
In the drop down of states Nevada isn't listed
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April 14, 2025
7:21 PM
These instructions don't help for those of us with the Desktop software who are having the same issue of NO summary sheet or mailing instructions. Where is the "No Thanks" button?
April 14, 2025
7:21 PM
I e-filed the state return but it didn't charge me what I owe on my credit card any idea why?
April 14, 2025
7:21 PM
Use the instructions here >>. How do I edit or delete the sale of a business property I've already entered (Form 4797)?
April 14, 2025
7:21 PM
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