All Posts

Las declaraciones de impuestos federales se toman aproximadamente 21 días asumiendo que todo está bien y que no le hayan mandado alguna carta.    Si reclamó dependientes y en su declaración están incluidos los créditos de los niños y/o el crédito tributario por ingreso EITC se puede tomar un poco más de tiempo.   Puede seguir monitoreando su declaración en la página del IRS, la cual le comparto en el siguiente enlace: Rastrear mi Reembolso  

Yes, Schedule 1-A is automatically included as part of your return when you qualify for the additional senior deduction enacted due to the One Big Beautiful Bill Act (OBBBA).     You will see the deduction included on Form 1040 line 13b.      

@HICA    Yeah..  the RMD question/instructions for the first year is incomplete.  You enter a zero ONLY if you are delaying your RMD to the next year.  You go ahead and enter your actual RMD if you took it for 2025. ____________________ A lower taxable amount??   Depends... Did you transfer some to charity for a QCD?   that would lower it. Did you indicate you had some non-deductible contributions to the IRA in the follow-up questions?  that might lower it too.   Not sure what else would do that.

If this was a nonperiodic distribution, taxable gains come out first.  Only after all of the gains have been distributed does the distribution consist of nontaxable investment in the contract.  Pro rating the distributions only applies to periodic distributions.

Unfortunately, that must be what happened to me, but it doesn’t even let me go back to see what I checked after my taxes are filed. I did get the notice from the IRS and have scheduled my payment. Fortunately, I had done a trial run through Dinkytown and knew I was going to owe. Your response is exactly what I needed. Thank you.

Not necessarily.  If she is a dental hygienist working for a dentist, it is very possible that she meets the definition of an employee instead of self-employed.   The IRS considers you an employee if the company: Has behavioral control meaning they control the how, when and where you do your job Has financial control meaning they control how you are paid (ex. do you get a weekly paycheck based on the hours you work, do they withhold taxes from your wages), have an investment in the equipment used (ex. do they own and maintain the cab or is this an Uber type situation) It looks like an employee/employer relationship (do you have benefits) Basically, if the person paying her had control, provided the equipment, and decided when she should work and what she does at her job, then she would be an employee.    If she is an employee that has been misclassified, then she would need to contact her employer to discuss this and request a W-2 instead of the 1099-NEC.  He is responsible for the employer's portion of the Social Security and Medicare taxes.  She would still need to pay the employee share. If he does not agree to change it, then she can have the IRS step in to help.    If the employer refuses to change her status and she believes she is an employee, she can file Form SS-8 and let the IRS determine her employment status if you believe they had behavior and financial control over her employment.    If she was wrongly treated as an independent contractor when she was actually an employee, then you can file Form 8919 with your return, to pay her share of the social security and Medicare Taxes. To include form 8919 with your return, you will enter the income under Miscellaneous income.  To do this select the following: Select Income Less common Income Miscellaneous Income, 1099-A, 1099-C, select Start Select Start Next to Other Income not already reported on a Form W-2 or Form 1099 Select Yes to Did you receive any other wages Enter the amount you earned with this employer Continue through the steps to answer the questions as they apply Please note actual navigation may differ in your program depending on which version of TurboTax you are using   If she is self-employed, then she is required to pay the Self-Employment taxes.   You would use TurboTax Premier Online or TurboTax Home and Business to file a Schedule C reporting her income and expenses as part of your return.  If she did not pay SE Taxes in 2025, and if you plan to do this again in 2026, it may be a good idea to make  quarterly estimated payments to cover her SE taxes.  The SE tax which is 15.3% of your income is your Medicare and Social Security tax that you pay as an independent contractor or sole proprietor. When you are an employee, then your SS and Medicare taxes are half of the 15.3% because your employer would be paying the other half, but since you don't have an employer to pay the other half, you have to pay the entire amount.      The Self Employment Tax   Independent contractor (self-employed) or employee?

You may be experiencing an issue where the Capital Asset Sales Worksheet is showing incomplete even when all the fields are completed.   See this TurboTax Help.   If only one entry is involved, consider removing the entry and re-entering the entry by hand.