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Tuesday
See the highlighted status for 1040X below. They are processing amended returns for April 2025. I e-filed my amended return in March 2025. Form 1040 series Original: May 2025 Amended: April 2025
Tuesday
Yes!!!! I Finally gotten everything thing done. Just waiting for my e-file to be deposited in my account. Thank you.
Tuesday
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Tuesday
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Your IRA or 401K plan should automatically tell you how much you need to take. They should send you a letter at the beginning of each year when you need to take the RMD. Or you can probably find it...
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Your IRA or 401K plan should automatically tell you how much you need to take. They should send you a letter at the beginning of each year when you need to take the RMD. Or you can probably find it online in your IRA account.
Tuesday
You probably don't need to have any New Jersey tax withheld. New York tax rates are higher than New Jersey, so you will end up paying tax only to New York, unless you have other income besides your w...
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You probably don't need to have any New Jersey tax withheld. New York tax rates are higher than New Jersey, so you will end up paying tax only to New York, unless you have other income besides your wages, such as investment income, that is taxable in New Jersey. You will file a New York nonresident tax return and a New Jersey resident tax return. You will pay the full New York tax on your income from the job. Your New Jersey tax return will calculate NJ tax on the income from the job, but you will get a credit on your NJ tax return for the tax you pay to NY, but not more than the NJ tax. The NY tax will be higher than the NJ tax, so the credit will completely cancel out the NJ tax.
Any income you have other than from the job is subject to NJ tax that will not be offset by the credit. If you will owe a significant amount of NJ tax you can make estimated tax payments to NJ. Your NY employer probably cannot withhold NJ tax because they are not a NJ employer. That's why they didn't ask you to fill out an NJ-W4.
Tuesday
@vsun ,
(a) Yes I see that a NZ employee/participant whom has move to another country ( not Australia) and after 1 year minimum of being abroad can withdraw the savings in the program My ref -- ...
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@vsun ,
(a) Yes I see that a NZ employee/participant whom has move to another country ( not Australia) and after 1 year minimum of being abroad can withdraw the savings in the program My ref -- Getting my KiwiSaver savings when I move overseas. Further ref . is -- KiwiSaver Act 2006 No 40 (as at 01 July 2025), Public Act – New Zealand Legislation.
(b) Based on the above , if you use the lump-sum distribution, your amount should consist of already taxed amounts ( employer contribution plus that of the employee) PLUS growth over the years ( and un taxed by NZ). My impression is that this "growth" amount is not taxed when distributed ( post superannuation for sure ). I am unsure of whether this growth is taxed if distribution occurs because the employee/ citizen is no longer a NZ resident.
(c) As I said earlier, if you do proceed with the early distribution, then for the US return you have to use a dummy 1099-R mechanism showing the total distribution received , and the growth portion as taxable. This would mean US will tax you on that grwoth ONLY. Please keep good records to show how you computed the "taxable " portion of the distribution.
(d) The tax treaty between US and NZ, has no direct reference to Kiwisaver under pension/annuity . However, there is small ref. about all incomes not directly ref'd in the treaty ( but under the general heading of income) can be taxed by the country of residence. Thus US will tax this income.
(e) Since the taxation of the contributions took place prior to your wife moving to US ( and coming under US tax regs. ), those taxes are NOT eligible for Foreign Tax Credit ( double taxation avoidance ). However if NZ taxes the growth in the Kiwisaver account then that tax will be eligible for FTC .
If this has answered your query , please mark this as accepted ( and thereby close this thread) or please tell me what more I can do in that regard .
pk
Tuesday
https://ttlc.intuit.com/community/business-taxes/discussion/where-to-enter-my-section-481-a-adjustment-for-unclaimed-depreciation/00/2885350
Tuesday
Hi.. Thank you for the additional information. Q: How would I know when IRS updates Life Expectancy tables? Would I be able to get the notification if there is any? Thank you,
Tuesday
I don't know about that message. But here's some things to try. Do you have the tax data file ending in .tax2024? Can you start a new return? Try closing everything and rebooting your computer. ...
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I don't know about that message. But here's some things to try. Do you have the tax data file ending in .tax2024? Can you start a new return? Try closing everything and rebooting your computer. Oh, and if you are on Windows try updating Windows. After you get the program installed or reinstalled the first thing to do before you open your tax return is to update the program and install any state programs you had. Then open your file. So you first might need to start a fake return to be able to download the state program (go to FILE - NEW). Enter some basic information, then go to the state tab and download the state program. Then try to open your existing return, go to FILE - OPEN
Tuesday
2024 return started on computer that no longer works. 2024 Turbo Tax file copied to new computer. Downloaded Turbo Tax program to new computer. Turbo Tax program will not open 2024 Turbo Tax file. Re...
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2024 return started on computer that no longer works. 2024 Turbo Tax file copied to new computer. Downloaded Turbo Tax program to new computer. Turbo Tax program will not open 2024 Turbo Tax file. Received message "Turbo Tax is already running under another account. Switch user and run Turbo Tax from the other account."
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!