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Tuesday
@alsn Well-- you are looking at information that refers to an original Form 1040--not 1040X. The IRS "average" to process an original return is 21 days, although it can be less or more days.
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@alsn Well-- you are looking at information that refers to an original Form 1040--not 1040X. The IRS "average" to process an original return is 21 days, although it can be less or more days.
Amended returns take much longer----at least four months and often longer.
You can watch for information here:
https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1
Tuesday
The amended return (e-filed on 3/25/2025) has still not been processed. Any idea why it is still not processed since the processing dashboard shows the following? (Currently processing amended return...
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The amended return (e-filed on 3/25/2025) has still not been processed. Any idea why it is still not processed since the processing dashboard shows the following? (Currently processing amended returns for April 2025). Individual returns Electronically filed Form 1040 returns are generally processed within 21 days. We’re currently processing paper returns received during the months below. Form 1040 series Original: May 2025 Amended: April 2025 This does not include those that require error correction or other special handling. We generally process paper returns where a refund is expected before all other returns. https://www.irs.gov/help/processing-status-for-tax-forms
Tuesday
But other ones do show up? Are you in the right account? Or did you use the Desktop program? Don't think we can help you here in this user forum. How to contact Turbo Tax https://ttlc.intuit.com...
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But other ones do show up? Are you in the right account? Or did you use the Desktop program? Don't think we can help you here in this user forum. How to contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991 For Online, How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx It's common to end up with multiple accounts. First LOG OUT of whatever TurboTax account you're logged into right now. Then use this TurboTax account recovery website to get a list of user ID's for an email address. Run the tool against any email addresses you may have used https://myturbotax.intuit.com/account-recovery/
Tuesday
@cets73 ,
(a) ¿Tiene usted un número de identificación fiscal (SSN o ITIN)? ¿O son solo sus dependientes/familiares que no tienen identificación fiscal?
(b)Si no tiene una identificación fiscal...
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@cets73 ,
(a) ¿Tiene usted un número de identificación fiscal (SSN o ITIN)? ¿O son solo sus dependientes/familiares que no tienen identificación fiscal?
(b)Si no tiene una identificación fiscal y no es elegible para una, aún puede presentar una declaración, presentarla por correo y el IRS procesará la devolución pero no emitirá ningún reembolso hasta que les proporcione una identificación fiscal (SSN o ITIN).
(c) Para sus dependientes: 1. Puede acudir a la Administración del Seguro Social y solicitar el número de Seguro Social (SSN) (si cumple los requisitos) o 2. Si no cumple los requisitos, complete el formulario W-7 para obtener el ITIN. Sin embargo, en la mayoría de los casos, los créditos, como el crédito tributario por hijos, son bastante limitados si el dependiente no tiene un SSN.
Estoy usando el traductor de Google para corregir la gramática, aunque hablo español.
¿Puedo hacer algo más por usted?
pk
Tuesday
1 Cheer
Looks like you got 2024 installed ok? From your other post. Yes in the Desktop program it doesn't automatically transfer from 2023. Did you use the Online version for 2023? Or the Desktop progr...
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Looks like you got 2024 installed ok? From your other post. Yes in the Desktop program it doesn't automatically transfer from 2023. Did you use the Online version for 2023? Or the Desktop program? In my Windows Desktop program, Starting in 2023 there is a new way to Transfer directly from last year's Online return. Go up to File - New Tax Return If you get a box listing current returns, under the box click on Start a New Return That will bring up your 2023 returns if you have any on your computer Or down below there will be a blue button to Import From TurboTax Online
Tuesday
where do i add my 1099 int info
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Tuesday
I've noticed recently (in the last couple of weeks) that many of the 1099-NECs and W-2s that we issued via Intuit's Quick Employer Forms for 2024 are no longer showing up on our Quick Employer Forms ...
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I've noticed recently (in the last couple of weeks) that many of the 1099-NECs and W-2s that we issued via Intuit's Quick Employer Forms for 2024 are no longer showing up on our Quick Employer Forms account when we log into the website. I know we issued them and have the email confirmations saying they were accepted. They should still show up on the website. Can you please assist us with this? Thanks for your help!
Tuesday
@kip16 wrote:
So the insurance plan that my employer offers automatically includes an HSA account. If I open the HSA account, but make 0 contributions until I am HSA eligible, will it still be o...
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@kip16 wrote:
So the insurance plan that my employer offers automatically includes an HSA account. If I open the HSA account, but make 0 contributions until I am HSA eligible, will it still be ok to have the account?
This was asked and answered on another post, not sure why you asked it again.
Any contributions you make, or that are made by your employer, will be considered excess and ineligible. They might be subtracted from your pay pre-tax, but they will be added back to your taxable income on your tax return. And, if you don't remove the excess contributions before the deadline, they will also be subject to a 6% penalty.
However, once money is deposited in an HSA, it can be spent tax-free for qualified medical expenses, even if it was an ineligible deposit. The rules for spending are not intertwined with the rules for contributing.
This means that, there might be some circumstances where it could be beneficial to open the HSA, accept contributions (especially free money from an employer), but withdraw them before the deadline or pay the 6% penalty. This can get tricky and would be better for an in-person discussion with an advisor who knows the rules for HSAs and also knows your personal financial situation.
But as stated, the fact that you can be claimed as a dependent, means any contribution are ineligible and subject to tax and penalty, even if the person who could claim you, won't be claiming you.
Tuesday
Once the $10,000 cap is applied on state deduction, it is suggested to take the credit rather than deduction to accurately reflect the deduction at the state level cap is accurately reflected. An ex...
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Once the $10,000 cap is applied on state deduction, it is suggested to take the credit rather than deduction to accurately reflect the deduction at the state level cap is accurately reflected. An example is Mississippi below: Itemized Deductions - Taxes Paid to the State Taxes Paid Lines 3a through 3c: Taxes Paid State income taxes paid or any other taxes allowed in lieu of federal purposes including withholding taxes on Mississippi gaming winnings, are not deductible as an itemized deduction. These amounts should be subtracted on line 3b. Also, you cannot deduct federal income tax or Social Security tax. Enter the amounts from Federal Form 1040, Schedule A (Section 27-7- 17(3)(a)(i)). Note: Per the Tax Cuts and Jobs Act, there is a $10,000 limitation ($5,000 if married filing separately) on this deduction.
Tuesday
No me permite decalr porque me faltan SSN y no tienen
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Tuesday
I did. They said there could be small future distributions for royalties collected from touring production. So would I only be able to realize/apply the loss to carry forward against QBI in the futur...
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I did. They said there could be small future distributions for royalties collected from touring production. So would I only be able to realize/apply the loss to carry forward against QBI in the future (that I likely won’t ever earn in that amount since I now get retirement and wage income rather than a big chunk of qbi (I recently closed my business and just have some of these investments - passive income, but still qbi)?
Tuesday
Please explain exactly where you are seeing the word "pending." When did you e-file?
Tuesday
TurboTax gets no information from the IRS after you file your tax return, so no one at TT knows what the IRS is doing with your return, nor will the IRS tell TurboTax. Only the IRS is in control. Y...
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TurboTax gets no information from the IRS after you file your tax return, so no one at TT knows what the IRS is doing with your return, nor will the IRS tell TurboTax. Only the IRS is in control. You can call the IRS or you might want to try contacting a tax advocate.
Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday When calling the IRS do NOT choose the first option re: "Refund", or it will send you to an automated phone line. So after first choosing your language, then do NOT choose Option 1 (refund info). Choose option 2 for "personal income tax" instead. Then press 1 for "form, tax history, or payment". Then press 3 "for all other questions." Then press 2 "for all other questions." - When it asks you to enter your SSN or EIN to access your account information, don't enter anything. - After it asks twice, you will get another menu.
Press 2 for personal or individual tax questions. Then press 3 for all other inquiries It should then transfer you to an agent.
TAX ADVOCATE
See this article for more info on how the Taxpayer Advocate Service works:: http://www.irs.gov/taxtopics/tc104.html
https://www.taxpayeradvocate.irs.gov/
Tuesday
To check on regular tax refund status via automated phone, call 800-829-1954.
Federal and state refunds come from completely separate entities. There is no rule as to which one will come in fi...
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To check on regular tax refund status via automated phone, call 800-829-1954.
Federal and state refunds come from completely separate entities. There is no rule as to which one will come in first or how long it will be between their arrival in your account.
TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS.
First, check your e-file status to see if your return was accepted:
https://turbotax.intuit.com/tax-tools/efile-status-lookup/
Once your federal return has been accepted by the IRS, only the IRS has any control. TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2024 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
To track your state refund:
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr
If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh
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https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst
Tuesday
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Tuesday
I came to this discussion via an internet search because I am an Amazon Vine reviewer. To me, as a somewhat experienced and educated small business accountant and tax preparer, Amazon is setting up a...
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I came to this discussion via an internet search because I am an Amazon Vine reviewer. To me, as a somewhat experienced and educated small business accountant and tax preparer, Amazon is setting up a scam and we should not facilitate that by paying their taxes. Here's what I mean: By declaring the suggested retail value (or some proxy they pick) and reporting that as income to Vine reviewers, Amazon is likely taking an inappropriate deduction on their taxes. They certainly do not pay that amount, if anything, as the cost of those goods. They also provide a rather detailed set of obligations to Amazon reviewers and completely control entry and exit from the program as well as which reviews they publish. So what is actually happening? Continued participants in the Vine program must perform ongoing services at certain levels to remain in the program, not to mention advance in "status." They are not hobbyists, but rather qualified writing professionals who have been carefully screened (based on past performance) for participation in a program. All they receive in exchange are goods of some value, with restrictions. So, while Amazon is reporting an amount of income, all that income is necessarily spent on acquiring inventory or materials required to do a job in exchange. That is cost of goods or supplies.
1) Vine reviewers should expect to file as small business owners. They are receiving income, even if it is all spent on goods required to do the job. The only reason to call it a hobby is if you're rich and don't care about the money.
2) All income from Amazon should be expensed as either supplies (which are consumed in providing the service) or cost of goods (inventory that can be resold or repurposed for personal use.)
3) Inventory has to be valued. Since by agreement with Amazon, goods must be kept for at least 6 months, there will always be some inventory unless all goods are treated as supplies. If any goods are intended to be resold, they need to be valued at the end of each tax year.
4) Even if goods are treated as supplies rather than cost of goods for resale, they still must be treated as income if they are converted to personal use. The value of these items at the time they are converted to personal use should be fairly determined. For guidelines, consider the valuation guidelines for contributions of goods. There are several alternatives presented there including such things as comparative sales and values at thrift stores.
So I would conclude the following:
1) Amazon's declared valuations on the 1099 are not likely appropriate valuations for the goods actually received (and required to be held for 6 months prior to resale or even gifting) by a small business who is not running the world's largest online retail marketplace.
2) Items converted to personal use should be valued appropriately and that is in fact taxable small business income, after expenses, that should be reported.
3) Items held as inventory for potential resale should be valued appropriately at the end of each tax year. Active participants in the Vine program who resell products received should expect to declare inventory on hand each year because of the six month obligatory holding period they agree to with Amazon. This inventory can be easily tracked though because Amazon keeps a complete record for you online (which of course would also be available to an auditor if the IRS were so inclined for any reason.) You can add the work of tracking inventory to the work of writing reviews as part of your business activity, along with your prime membership, writing tools, camera, internet connection, and so on. Of course your time itself is not an expense to the business, no matter how much of it you take to earn this paltry income from Amazon.
Tuesday
1 Cheer
@Impulse ADDENDUM: I now see you also have another thread in this forum, which implies you are using 2024 desktop software since you asked how to download it. https://ttlc.intuit.com/community/ta...
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@Impulse ADDENDUM: I now see you also have another thread in this forum, which implies you are using 2024 desktop software since you asked how to download it. https://ttlc.intuit.com/community/taxes/discussion/this-is-ridiculous-i-have-a-code-for-turbotax-premier-2024-but-nowhere-on-turbotax-com-is-there-an/00/3697240 Do you have the *.tax2023 data file from last year on your computer? If so, the 2024 desktop program should have automatically searched for it when you chose to start your return and then give you the option to transfer or not. Or is it this? Did you install the 2024 desktop software then used Online TurboTax (browser version) by mistake? It has happened to some people before.