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  If you haven't e-filed your tax return, you can request a payment plan with the IRS when you e-file.  Follow the steps below: Launch TurboTax Select the File section Select Continue by... See more...
  If you haven't e-filed your tax return, you can request a payment plan with the IRS when you e-file.  Follow the steps below: Launch TurboTax Select the File section Select Continue by Step 2 Your tax payment info Select See all payment options Select Request an IRS payment plan on the next screen         6. Answer the questions to request a payment plan that will be attached to your tax return.     For additional information, refer to the TurboTax Help article Can I set up a payment plan for my taxes?     If you already filed, or you can't find this option in TurboTax, you can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreements website.   For additional information, refer to the TurboTax Help article Can I set up a payment plan for my taxes?
Once you finish depreciating the rental property, there's no more depreciation deduction left to take.  The exception is, if you made any capital improvements, those are usually depreciated as a sepa... See more...
Once you finish depreciating the rental property, there's no more depreciation deduction left to take.  The exception is, if you made any capital improvements, those are usually depreciated as a separate asset.  TurboTax will automatically figure this out for you.     What is depreciation?   @wmad1975 
Oh  you turned 73?  Do  you have an IRA or 401K account?  You have to start taking the RMD Required Minimum Distribution on retirement accounts.   It will even start asking you if you took a RMD from... See more...
Oh  you turned 73?  Do  you have an IRA or 401K account?  You have to start taking the RMD Required Minimum Distribution on retirement accounts.   It will even start asking you if you took a RMD from a pension now.   There were some bugs in the RMD questions earlier and people were getting wrongly hit with a penalty for not taking the RMD.   So that's one thing you need to check.  See if you have a Schedule 2 line 8 for additional tax from form 5329.  Schedule 2 goes to 1040 line 23.   You got the underpayment penalty for owing too much on your tax return.   Not for owing the IRS for any prior taxes or for not paying estimates.  Although you might need to start paying estimates so you don't owe so much next  year.  Or you  need to start having withholding taken out of your IRA and any RMDs and pension if you get a pension.         
Yes, you do need to include that income on your Canadian return. If Canada has a tax treaty with that country, you may not need to pay taxes on your working holiday income. If you paid foreign taxes,... See more...
Yes, you do need to include that income on your Canadian return. If Canada has a tax treaty with that country, you may not need to pay taxes on your working holiday income. If you paid foreign taxes, you might be able to get the Foreign tax Credit for that amount.  
Where you get the information? is that true? Just wondering.
You should have either Social Security or the payer of your retirement income a withholding form for 2025 so you can avoid this next year.      W-4P - Complete Form W-4P so your payer can withhol... See more...
You should have either Social Security or the payer of your retirement income a withholding form for 2025 so you can avoid this next year.      W-4P - Complete Form W-4P so your payer can withhold more federal income tax from your periodic pension, annuity (including commercial annuities), profit-sharing and stock bonus plan, or individual retirement arrangement (IRA) payments.  OR: W-4V - Complete and give to SSA to have the government withhold tax from your social security payments.     From the IRS - Reduce or Remove an Underpayment Penalty.   While the penalty for underpayment of estimated tax generally cannot be waived due to reasonable cause, the penalty may be removed or reduced if the underpayment is the result of a casualty, local disaster, or other unusual circumstance when it would not be fair to impose the penalty. If you think you qualify for a waiver of the penalty as explained above, please send your written explanation, signed under penalty of perjury, to us at the address at the top of your notice. Additionally, we may reduce a penalty if any of the following apply:   You or your spouse (if you file a joint return) retired in the past 2 years after reaching age 62 or became disabled and you had reasonable cause to underpay or pay your estimated tax late. See Waiver of Penalty in Instructions for Form 2210 PDF. You had most of your income tax withheld early in the year instead of spreading it equally through the year. Complete Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts PDF. Your income varies during the year. Complete Form 2210, Schedule AI, Annualized Income Installment Method PDF (found within the form). If you think you qualify for a waiver of the penalty under any provision explained above, please send your written explanation, signed under penalty of perjury, to us at the address at the top of this notice.
I called TurboTax 3x. We tried 1099-MISC, same results. Tried "other income" same results. I can't possibly pay $10k to Feds because I won $40k. Please help. TIA
Presente mi declaración de impuestos y no adjunte mi otro formulario W2 como puede ayudarme
Do you mean that you entered a T2202 slip of $9000, but in the software you see the amount at $35,000? In order to guide you better, can you please let us know if you are using TurboTax online or des... See more...
Do you mean that you entered a T2202 slip of $9000, but in the software you see the amount at $35,000? In order to guide you better, can you please let us know if you are using TurboTax online or desktop and which slips you entered? Is your daughter filing on her own or as your dependent?    Thank you for choosing TurboTax
When is the code error in line 68140 on Form T936 being corrected? I have a capital loss and the field will not populate, but it does when I test with a gain. Clearly, there is coding error. Returns ... See more...
When is the code error in line 68140 on Form T936 being corrected? I have a capital loss and the field will not populate, but it does when I test with a gain. Clearly, there is coding error. Returns cannot be Netfiled without this correction.   All these code errors are unacceptable, especially since Deluxe Version users were forced to upgrade to the Home & Business version this year to complete their returns. What's going on TurboTax? Can you please address this issue immediately? The filing deadline is quickly approaching.
IRS withdrew the total amount of the refund from my account Do you mean the refund from your original MFJ Form 1040?   That makes sense. your refund, or amount you owe is on your new MFS Form1040... See more...
IRS withdrew the total amount of the refund from my account Do you mean the refund from your original MFJ Form 1040?   That makes sense. your refund, or amount you owe is on your new MFS Form1040. You dissolved the MFJ return; your spouse now has to file MFS also. @churchtax2023 
I Still have the warnings even after update, the Version I'm using is as follows Version 00.01.73 Build 7007 068G26 Is this the latest? I've tried deleting all Temp files. still have the warnings m... See more...
I Still have the warnings even after update, the Version I'm using is as follows Version 00.01.73 Build 7007 068G26 Is this the latest? I've tried deleting all Temp files. still have the warnings mentioned previously. ????
Your capital loss carryover should transfer to your 2024 tax return.  If it didn't, refer to the TurboTax article How do I enter my capital loss carryover? for navigation instructions.
I need a continuance. How do I do that?
Review these TurboTax articles How do I print a copy of my tax return in TurboTax and How do I view, download, or print a prior-year tax return? to see if they will help you.
Have you purchased anything lately that is not more expensive than it was a year ago?   Use this IRS site for other ways to file for free.  There are 8  free software versions available from the ... See more...
Have you purchased anything lately that is not more expensive than it was a year ago?   Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site   https://apps.irs.gov/app/freeFile/   Or—if you live in certain states you may be eligible to use the new IRS Direct File     In Filing Season 2025, Direct File will be available in Alaska, Arizona, California, Connecticut, Florida, Idaho, Kansas, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Washington, Wisconsin, and Wyoming.    https://directfile.irs.gov/   https://home.treasury.gov/news/press-releases/jy2629  
If you are registered to collect GST/HST, then you would not include any GST/HST that you collected in your income, or any GST/HST that you paid on your expenses.   For assistance with the GST34 ... See more...
If you are registered to collect GST/HST, then you would not include any GST/HST that you collected in your income, or any GST/HST that you paid on your expenses.   For assistance with the GST34 return, please contact the Canada Revenue Agency (CRA). If you are in Canada or the United States, you can call the CRA at 1-800-959-8281. If you are elsewhere, you can call 613-940-8495. This page has more ways to contact the CRA: Contact the Canada Revenue Agency    
Yes, you can update your email address before you e-file. Review the TurboTax article How do I change my TurboTax account email? for specific instructions.   If that doesn't work, refer to the Tu... See more...
Yes, you can update your email address before you e-file. Review the TurboTax article How do I change my TurboTax account email? for specific instructions.   If that doesn't work, refer to the TurboTax article What's the TurboTax phone number? to call.