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a week ago
I forgot to file my taxes for the year 2023. Can I do that here and now?
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a week ago
I have a Chromebook
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a week ago
They are not connected. Turbotax uses the IRS estimate of 21 days to give you a refund date. This date will never change because it receives no info about the status of a refund. the actual date is ...
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They are not connected. Turbotax uses the IRS estimate of 21 days to give you a refund date. This date will never change because it receives no info about the status of a refund. the actual date is in the hands of the IRS. you do have the option of calling the IRS to find out what might be causing the delay. However, the agent you talk to may not know the reason. I suspect the government shutdown had a significant effect on the issuance of refunds.
a week ago
A NOL (Net Operating Loss) form is used when your business expenses exceed your income for the year. It lets you carry that loss forward (or sometimes backward) to offset taxable income in other year...
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A NOL (Net Operating Loss) form is used when your business expenses exceed your income for the year. It lets you carry that loss forward (or sometimes backward) to offset taxable income in other years, reducing future tax liability. If you’ve never had a loss before, that’s likely why you haven’t seen it. Review it to ensure the loss amount and carryover details are correct.
a week ago
For a multi-member LLC, partner capital represents each member’s share of the company’s equity. To calculate it: Start with the beginning capital balance for each partner. Add contributions ma...
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For a multi-member LLC, partner capital represents each member’s share of the company’s equity. To calculate it: Start with the beginning capital balance for each partner. Add contributions made during the year. Add each partner’s share of net income (or subtract loss) from operations. Subtract any distributions taken out. Each partner’s ending capital = Beginning Capital + Contributions + Share of Income – Distributions. If your balance sheet and capital reconciliation don’t match, double-check that total assets = total liabilities + total capital, and ensure both partners’ capital accounts reflect exactly 50% ownership.
a week ago
Here’s what you can do — step by step: Don’t file the amended return yet. If you haven’t submitted it, you can go back to your main (original) tax return. Log in to your tax software (like T...
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Here’s what you can do — step by step: Don’t file the amended return yet. If you haven’t submitted it, you can go back to your main (original) tax return. Log in to your tax software (like TurboTax, H&R Block, etc.) and open your original return, not the amended one. Look for an option like “Amend (1040-X)” or “Switch to Original Return” — most platforms let you discard the amendment and return to your initial version. If your 1098 form was deleted inside the amended return, you can simply re-enter it manually: Go to the Deductions & Credits section. Choose Mortgage Interest (Form 1098) and re-add the info from your lender. If you already filed the amended return without the 1098, you’ll need to file another amendment to re-add the form. ✅ Tip: You can also download a copy of Form 1098 directly from your lender’s online portal or contact them to reissue it — they’re required to provide a duplicate on request.
a week ago
Each tax year has to be filed separately using the forms for the specific tax year. They cannot be combined in any way--do not even put them in the same envelope when you mail them. Software for pa...
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Each tax year has to be filed separately using the forms for the specific tax year. They cannot be combined in any way--do not even put them in the same envelope when you mail them. Software for past years is available back to 2022. Any earlier years can only be prepared on paper forms by hand--and those refunds have been forfeited now.
Online preparation and e-filing for 2022, 2023, and 2024 is permanently closed.
Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac. It cannot be used on a mobile device.
To file a return for a prior tax year
If you need to prepare a return for 2022, 2023, or 2024 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)
https://turbotax.intuit.com/personal-taxes/past-years-products/
You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.
Remember to prepare your state return as well—if you live in a state that has a state income tax.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
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 certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
a week ago
I just purchased turbotax 2025 premier for Mac (MacOs Tahoe 26.1) & received the software activation key from Costco. I downloaded the .dmg file and moved it to my applications folder but when I try ...
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I just purchased turbotax 2025 premier for Mac (MacOs Tahoe 26.1) & received the software activation key from Costco. I downloaded the .dmg file and moved it to my applications folder but when I try to open Turbotax from applications as the instructions state, I get a message that says" TurboTax is on a read-only volume. TurboTax can't be updated when it's running from a read-only volume like a disk image or an optical drive. Move TurboTax to your Applications folder and relaunch it from there". I have used Turbotax since 2015 on my various Macbooks but this is the first time I'm getting a message like this. I have reinstalled it 3 times and also rebooted my Mac multiple times. Any help would be appreciated. Thank you.
a week ago
I am 75 and I got a windfall this year as I got a year of backpay for my SS spousal support that will raise my Medicare Premium Part B in 2027 because of IRMAA. Look like my 2025 Magi will just pas...
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I am 75 and I got a windfall this year as I got a year of backpay for my SS spousal support that will raise my Medicare Premium Part B in 2027 because of IRMAA. Look like my 2025 Magi will just past the standard IRMAA threshold, I figured out it would be better to convert some $40-50K of my IRA money to my ROTH and stay within the 1st level of IRMAA . The trouble is it is difficult to figure out now how much my 2025 MAGI will be until the middle of Feb 2026 when all tax papers are due. Assuming I convert too much, say $50K already. And that bump me to 2nd IRMAA level, can I return $10K so as to keep me in the 1st IRMAA level?
a week ago
Online preparation and e-filing for 2022, 2023, and 2024 is permanently closed.
Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or M...
See more...
Online preparation and e-filing for 2022, 2023, and 2024 is permanently closed.
Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac. It cannot be used on a mobile device.
To file a return for a prior tax year
If you need to prepare a return for 2022, 2023, or 2024 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)
https://turbotax.intuit.com/personal-taxes/past-years-products/
You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.
Remember to prepare your state return as well—if you live in a state that has a state income tax.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
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 certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
a week ago
I forgot to file my taxes for 2023. Can I still do it?
Topics:
a week ago
I see Dec 17 on this screenshot about switching.
a week ago
a week ago
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You would need to use your 2024 tax return to calculate the 2025 estimates. But I would just send in 20% of your estimated Net Profit to cover the self employment tax. Self Employment tax (...
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You would need to use your 2024 tax return to calculate the 2025 estimates. But I would just send in 20% of your estimated Net Profit to cover the self employment tax. Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment. You pay 15.3% SE tax on 92.35% of your Net Profit (If it is greater than $400). The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare (FICA). So you get social security credit for it when you retire. The SE tax is already included in your tax due or reduced your refund. It is on the 1040 Schedule 2 line 4 which goes to 1040 line 23. The SE tax is in addition to your regular income tax on the net profit. So for 1099 or self employment income you need to send in quarterly estimated payments or increase W2 withholding to cover the Self Employment tax. here are the blank Estimates and instructions (the actual 1040ES forms are at the very bottom so scroll way down) http://www.irs.gov/pub/irs-pdf/f1040es.pdf Or you can pay directly on the IRS website https://www.irs.gov/payments Be sure to pick the right kind of payment and year.....2025 Estimate
a week ago
Thank you for responding, I was half expecting that answer, hopeful that enhancement requests from users would have a place. I will just keep sending my subscription fees in. It is unfortunate that...
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Thank you for responding, I was half expecting that answer, hopeful that enhancement requests from users would have a place. I will just keep sending my subscription fees in. It is unfortunate that I have found nothing else in this space, hint, hint competitors. For the other questions, I use desktop, I do very little in the cloud. That is the reason I have moved from MS Office to OpenOffice to LibreOffice. Hopefully that stays for awhile. Not that I am cloud adverse, I do work in 4 of the cloud providers, it's just that cloud does not work or should I say fit me. I received emails and letters, yes I would scan them in. I can live without it but this is the digital age why am I keeping paper and electronic copies of stuff. To close all the hits I had on this topic said I could not attach and send a document to the IRS. Well I was not looking to send anything more to the IRS, unless I could pay in pennies. 🙂 Again, thank you
a week ago
Thanks so much for your reply and advice. I appreciate it. Are you saying I simply should not worry about making estimated payments for my new LLC earnings in August through December 2025?
a week ago
I fixed it by uninstalling and reinstalling the software