All Posts

@ dlggeiger wrote:  If the irs accepted my return on april12,2025 but i still have not recieved it and they won't give me any info other than its been delayed, should i be worried? They act like they havent gitten it even though it says accepted "They act like they haven't gotten it..." What does that mean?   You said some "they" told you it was delayed.  Was that the IRS?  i.e., did you phone and speak to an IRS customer agent?   What is the exact wording at the IRS "Where's My Refund" tool?  And is there any additional message there? https://www.irs.gov/wheres-my-refund   Here are some tips when using that IRS tool:   Be sure you enter the correct tax year, SSN, and filing status. Be sure you are using only the Federal refund amount.   Do not include any state refund or any total refund or net refund (Fed and State) that TurboTax may have provided on a summary screen.   Look at your actual Federal return to get the Federal refund amount to use in the tool, i.e., your Form 1040, Line 35a.

please clarify what has happened over the years with the k-1s.  you should have received one each year starting with 2021. the k-1s should have reported income or loss each year so your basis for loss probably is not $50,000.   we do not have access to the k-1s. 

CAN I USE TURBOTAX TO AMEND IF THE RETURN WAS PREPARED SOMEWHERE ELSE?   If you did not use TurboTax to prepare your tax return, it is possible to amend the return using TurboTax but it will really be a pain.  It would be better to use the software or service used to file originally.  If a paid preparer made a mistake on your tax return, that tax preparer should do the amended return for you at no charge. In order to use TurboTax to amend your return, you need to purchase the desktop software for the tax year and re-create the return EXACTLY as it appeared when it was filed with the IRS/states.  Every line has to be the same.  Then you have to "trick" the software into thinking you filed by saying you will mail the return. (but do not mail it)   AFTER that, you use the software to prepare a Form 1040X, which has to be printed, signed and mailed to the IRS.  It takes the IRS about 4-6  months to process an amended return   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.

You cannot prepare a prior year return using online TurboTax.   Online can only be used for a 2024 return.     Online software has never been able to be used for past year returns, so not sure where you got the idea that you should be able to do that.  Past year returns can be prepared using desktop download software on a full PC or Mac, and they must be filed by mail.       You cannot change the tax year.   The current online program is for 2024 only.   Only a 2024 return can be prepared online and only a 2024 return can be e-filed.   Online preparation and e-filing for 2021, 2022, and  2023 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 2021, 2022, or 2023  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.  

@bgoodreau01  @NCperson    Whether the child CAN BE claimed or IS claimed as a dependent has nothing to do with whether he is subject to kiddie tax. Here are the conditions for kiddie tax to apply. Note that these rules do not mention whether or not the child is a dependent.   The child has unearned income of more than $2,700 (for 2025). The child is required to file a tax return. The child is not filing a joint tax return. At least one of the child's parents was alive at the end of 2025. Any one of the following three conditions is true. (1) The child was under 18 at the end of 2025. (2) The child was 18 at the end of 2025 and his earned income (from working) is not more than half of his total support for the year. (3) The child was under 24 at the end of 2025, he was a full-time student, and his earned income (from working) is not more than half of his total support for the year.   For more details see the IRS Instructions for Form 8615. Note that, after listing the conditions as stated above, the instructions say "These rules apply whether or not the child is a dependent."     UPDATE 7/27/25: Corrected link to IRS Instructions for Form 8615.  

Did you file your original 2023 tax return with TurboTax? If so, see the following FAQ for instructions to amend it. How do I amend my federal tax return for a prior year? If you did not file the original 2023 tax return with TurboTax, the best way to amend the tax return is by using the same method that you used to file the original return. The amended return uses the original return as a starting point. If you amend your return using the same method you used to file it, your original return is already there. To prepare an amended return with TurboTax, you would first have to recreate your original return in TurboTax, making sure that it exactly matches the return that you filed, then amend the recreated return. You would have to use the desktop TurboTax software for 2023. You can purchase a download at the following link. Past Years' Products The desktop TurboTax software can only be used on a Windows or Mac computer, not on a mobile device or a Chromebook. An amended return for a past year cannot be e-filed. You have to print it and file it by mail.  

Well, I've spent too much time on this over the past year.  It has caused family arguments and hard feelings.  I just want the insurance company to do the right thing.  I will keep pushing them.   Thanks for your advice. Paul

@pchicke  I know it's complicated but the Insurance company already sent the withholdings to the IRS and NYS.  and that can't be fixed.     When you state they sent 4 checks to each of the 4 sisters - did each sister receive EXACTLY the same amount - - if yes, then THAT is complicated in any event because the one sister is going to get a fat refund that belongs to the other there in any event.    The insurance company requires the SSN to report to the IRS.  While paying taxes is voluntary and we are all supposed to the right thing, those 1099-Rs (and other similar forms) is the way the IRS keeps everyone honest.  They check those forms against your tax return, if your tax return shows more income than the sum of the forms (1099s, etc.) (and it would for 3 sisters), they do not care!  But if your tax return shows less income than those forms (and it would for the one sister), THAT is where the IRS focuses its reviews and audits).  

What do you mean your income has not been updated?    Your tax return---your Form 1040 --- shows your income.  The income you enter on your Form 1040 will be used in the calculations of your premium tax credit.     If you had health insurance from the marketplace, when you applied for the insurance, you gave healthcare.gov an estimate of how much income you would receive in 2024.  They used that amount to calculate how much of the insurance premium would be covered by the tax credit and how much would be your amount to pay.   So...you had some monthly amounts to pay, and the rest of the cost of having that insurance was paid by the government program.   If you ended up making a higher income than you told them you would receive, they re-calculate how much should have been paid by the program and how much should have been paid by you.   And if your own share of the cost should have been more, they get it back on your income tax return.      If you actually had less income, you could even get some of the share you paid back on your tax return.  

@mattjefferson09  I am not ncessarily following what you wrote.  Let's go back to the beginning,   1) early in 2024 (probably late 2023), you ESTIMATED what your 2024 income would be and the premium was set based on that information.   2) You actually paid that premium all year - whether it was correctly or incorrectly calculated.  You received the 1095a form.   3) when you complete your 2024 tax return, part of the process is "settle up".  The software uses your ACTUAL income and goes through the SAME calculations that were used to estimate the Markplace premium.  If the software determines your premium that you actually paid should have been lower, then you get a credit on your tax return for the difference.   If the software determines your premium should have been higher, then you get a charge on your tax return for the difference in the form of additional tax owed.    4) .While this can be a complex subject, I personally do not see why the error would hold up your tax return.   What you reported as your estimated income really doesn't matter.  The tax return is comparing what you ACTUALLY paid in premium versus what the premium should have been when using you ACTUAL income.  It does not care about what you estimated a year ago    does that help? 

What kind of business return did you file?  What version did you use?  You might be able to use the current return you filed for 2024 to help prepare the quarterly estimated payments for 2025.   The actual 2025 Desktop program and Online versions won’t be available until November or December.  And you have to buy a new program each year.    

yes, it all makes sense, BUT it's too complicated. The insurance company says that they do NOT create separate 1099's for each beneficiary, despite the fact that they require all the personal information including SSN and current address.  Now, here's the kicker - they sent separate CHECKS to each sister, but did NOT send separate 1099's.  It seems like their business practices could use an overhaul.   I was under the impression that the IRS required them to send an individual 1099 IF THEY SENT EACH ONE THE MONEY. In addition to that I asked - If you don't use the SSN to create a 1099 to be sent to the IRS, why do you require the Social Security Number at all?? I'm waiting for an answer from them.