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2 weeks ago
How do I cancel this order QSTCC336417298
2 weeks ago
See https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6In6b_US_en_US You'll probably have to call the number listed on that site. I don't think any...
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See https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6In6b_US_en_US You'll probably have to call the number listed on that site. I don't think anyone here can assist you with this issue.
2 weeks ago
I gave info to an account that cant get deposits so it was rejected. Can't get my problem escalated, either. Is it a scam?
Topics:
2 weeks ago
See https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6In6b_US_en_US
2 weeks ago
Topics:
2 weeks ago
2 Cheers
@VolvoGirl wrote: Then depending on when he started the LLC he may have been filing every year the wrong way? I suppose we have no real way of knowing. However, @_John__ wrote, "Starting...
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@VolvoGirl wrote: Then depending on when he started the LLC he may have been filing every year the wrong way? I suppose we have no real way of knowing. However, @_John__ wrote, "Starting my 2025 LLC tax preparation and TurboTax Business...". If, by that, @_John__ means he's starting his 2025 fiscal year return (i.e., the one due in February), he's using the wrong edition of TurboTax Business (should be using 2024 TT Business). If the return being currently prepared by @_John__ is for the 2026 fiscal year, that thing is way early as that 2026 fiscal year return isn't due until February of 2027.
2 weeks ago
It was the California Franchise Tax Board, not the IRS, that assessed the penalty. The penalty was assessed after I filed. The IRS advises you to write "Los Angeles County Fires" on the top of the ...
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It was the California Franchise Tax Board, not the IRS, that assessed the penalty. The penalty was assessed after I filed. The IRS advises you to write "Los Angeles County Fires" on the top of the first page of your return if you are mailing the return. Are these returns being similarly flagged as entitled to the automatic extension to October 15, 2025 to file and pay if filed electronically with Turbo Tax?
2 weeks ago
2 Cheers
Then depending on when he started the LLC he may have been filing every year the wrong way?
2 weeks ago
@pk Thanks for your insightful comments. (a) was exactly what I thought too — I was just getting nervous about the tax filing and got confused by all the information. Really appreciate your help!
2 weeks ago
2 Cheers
You're correct, @VolvoGirl., and this is getting more intriguing since @_John__ 's LLC current fiscal year doesn't end until 11/30/2025 (that's next week and that return wouldn't be due until Februar...
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You're correct, @VolvoGirl., and this is getting more intriguing since @_John__ 's LLC current fiscal year doesn't end until 11/30/2025 (that's next week and that return wouldn't be due until February). The 2024 Form 1065 can be used for fiscal years that begin in 2024 and end in 2025, that part is clear. What is NOT clear is why @_John__ is using 2025 TurboTax Business to file a fiscal year 2026 1065 that won't be due until after November 30, 2026 (now thinking a mistake has been made). If @_John__ is preparing a 2025 fiscal year 1065, the wrong product is being used (it should be the 2024 edition of TurboTax Business).
2 weeks ago
@user17636513862
1. In my personal view, it is the intent ( and of course facts and circumstances ) that need to be taken into consideration. Thus if you spouse left the US in 2024 for whatever...
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@user17636513862
1. In my personal view, it is the intent ( and of course facts and circumstances ) that need to be taken into consideration. Thus if you spouse left the US in 2024 for whatever reason, but fully intending to return to your tax home in the USA, but due to circumstances she changed her mind (/ prevented from coming back ) and stayed out for all of 2025, then submitted request for cancelling the visa ---- you can look at this
(a) she has been NRA for all of 2025 because of zero presence, and decoupled from your J-1. You file MFS and she files nil because NRA with zero US sourced income
OR
(b) she was coupled to your visa for all of 2025 --"temporary absence" and retained the J-2 status till submission of request to cancel J-2 visa -- so you can file MFJ and include her world income.
Does this help ? Since this getting beyond "general interest", please consider PM -- just no PII ( Personally Identifiable Information) .
Namaste ji
pk
2 weeks ago
Thanks, using Dinkytown now. Had never heard of it, prior. The complication is, I have no wages to report, was laid off and a senior citizen, now. I believe the standard deductions for seniors is ...
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Thanks, using Dinkytown now. Had never heard of it, prior. The complication is, I have no wages to report, was laid off and a senior citizen, now. I believe the standard deductions for seniors is higher -- I read about some bonus deduction 2025-28. In other words, very little tax withholding all year, only withheld from unemployment checks and from dividend streams, and then I have to also figure out the number versus 2024 tax paid. Yes, have used TT for decades now, so I will figure it out now. Thanks for all the wonderful responses!!
2 weeks ago
Good idea! Thanks for mentioning the black friday sale, will buy it then.
2 weeks ago
@user5924704 , on rethinking through your situation, it may be simpler if :
(a) you file the form 1040-NR, recognizing the award income
and thereafter,
(b) you file your Japan return normal...
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@user5924704 , on rethinking through your situation, it may be simpler if :
(a) you file the form 1040-NR, recognizing the award income
and thereafter,
(b) you file your Japan return normally, recognize the award income and then seek Foreign Tax credit ( from Japan ) per the tax treaty. While I don't know the mechanism / form to use, the fact that you are a resident and citizen of Japan, would allow you to claim Foreign Tax Credit in Japan. And much easier probably ( also because your local tax professional can help easily ).
Is there more I can do for you ?
2 weeks ago
3 Cheers
@M-MTax Isn’t there something about using the prior year program to file a return that has a different fiscal year end? So they need to use the 2024 program to file for Nov 30? Or is that only fo...
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@M-MTax Isn’t there something about using the prior year program to file a return that has a different fiscal year end? So they need to use the 2024 program to file for Nov 30? Or is that only for short years or 1041 Trust returns?
2 weeks ago
@user17637654818 , sorry for being late in responding to your post.
(a) Capital assets ( stocks ) acquired as a Resident for Tax purposes and disposed off as an NRA, will attract US taxes. ...
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@user17637654818 , sorry for being late in responding to your post.
(a) Capital assets ( stocks ) acquired as a Resident for Tax purposes and disposed off as an NRA, will attract US taxes. This is because article 13 of US-India tax treaty as well as the technical explanation thereof ( by the US side ) generally ( and un-usually ) allows each contracting party to apply its own laws solely for such transaction . See here --> India - Tax treaty documents | Internal Revenue Service
(b) 26USC 871(a)(2), generally employs a flat 30% tax on capital gains if the NRA has been present in the US for a total of 183 days during a calendar year. For NRAs that do not meet the 183 days aggregated presence, under the general heading of " Income not connected with United States Business". and again at 30% flat rate. See here --> 26 U.S. Code § 871 - Tax on nonresident alien individuals | U.S. Code | US Law | LII / Legal Information Institute
Thus , and assuming that you do not intend/plan to come back to US, it would be good idea to dispose of your stock/bond holdings etc. before you leave the USA. Fundamentally for NRA, US would tax at the usual graduated rate if the income is connected with a US business -- 26 USC 871 (b).
Hope this helps. Is there more I can do for you ?
Namaste ji
2 weeks ago
You can try this online calculator: https://www.dinkytown.net/java/1040-tax-calculator.html
2 weeks ago
Forms for 2023 Here is the 2023 1040 return https://www.irs.gov/pub/irs-prior/f1040--2023.pdf or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2023....
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Forms for 2023 Here is the 2023 1040 return https://www.irs.gov/pub/irs-prior/f1040--2023.pdf or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2023.pdf 2023 1040 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2023.pdf 2023 EIC and Tax Tables https://www.irs.gov/pub/irs-prior/i1040tt--2023.pdf Schedules 1-3 https://www.irs.gov/pub/irs-prior/f1040s1--2023.pdf https://www.irs.gov/pub/irs-prior/f1040s2--2023.pdf https://www.irs.gov/pub/irs-prior/f1040s3--2023.pdf
2 weeks ago
@tjhutson If you just have 1 W2 and no other income you may not need to file a return if you are Single. You don't have to file if you only have W2 income under 14,600 (2024 or 13,850 for 2023) b...
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@tjhutson If you just have 1 W2 and no other income you may not need to file a return if you are Single. You don't have to file if you only have W2 income under 14,600 (2024 or 13,850 for 2023) but you can file to get back any withholding taken out in boxes 2 or 17. If you have a simple return and want to file for free, you can print out the blank IRS forms and fill them out by hand. Here are some basic forms….. Here is the IRS 2024 Form 1040 https://www.irs.gov/pub/irs-prior/f1040--2024.pdf or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2024.pdf And 2024 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2024.pdf Sch 1 : https://www.irs.gov/pub/irs-prior/f1040s1--2024.pdf Sch 2 : https://www.irs.gov/pub/irs-prior/f1040s2--2024.pdf Sch 3 : https://www.irs.gov/pub/irs-prior/f1040s3--2024.pdf Then when you do file 2025 enter 0 for the 2024 AGI since you are filing 2024 late. You have to print and mail prior year returns. When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS received the return. Don’t forget state.
2 weeks ago
1 Cheer
a really rough estimate would be 20% the maximum long-term capital gain tax + 3.8% for the net investment income tax and then state taxes if your state has a personal income tax.
if you use...
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a really rough estimate would be 20% the maximum long-term capital gain tax + 3.8% for the net investment income tax and then state taxes if your state has a personal income tax.
if you used desktop for 2024, you could use your estimates for 2025. It's likely that the tax would be higher than what you will actually end up with in 2025