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This is the TurboTax US user community website. Go to this TurboTax Canada website for assistance with a Canadian tax return or the TurboTax Canada editions - https://turbotax.community.intuit.ca/turbotax-support/en-ca

New Jersey follows the same dates for an estimated tax payment as the IRS - https://www.irs.gov/pub/irs-pdf/f1040es.pdf   1st payment ................. April 15, 2026 2nd payment ................ June 15, 2026 3rd payment ................. Sept. 15, 2026 4th payment ................. Jan. 15, 2027

You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox on the corner.  The IRS does not allow you to take it back.   If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.”  The changes will go nowhere.   Now you have to wait until the IRS either rejects or accepts your return.  If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.    Sometimes—not always— the IRS corrects your mistakes, while they are processing your return.    If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund.  THEN you can prepare an amended tax return and e-file or mail  it in. You have to be able to work from that return exactly the way it was when it was e-filed originally.  You will need to use a form called a 1040X.     Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself.  Sit tight and wait until you see what the IRS does with the return you just e-filed   The Form 1040X is scheduled to be available on March 4.  The date is subject to change, so check on 3-4 to see if it is ready.   Before that, do not change anything at all on your return.

Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.

You file both a 1065 for activities from January to June and an 1120S for the balance of the year.   Yes, you need to file a 2553, signed by every owner.  But since you didn't file on time (within 2½ months), you need to seek "Late Election Relief" under Revenue Procedure 2013-30. You’ll need to write "FILED PURSUANT TO REV. PROC. 2013-30" at the top of Form 2553 and explain that your failure to file on time was "inadvertent."   And yes, you mark the 1065 "final".  You may need to paper file the 1120S for 2025, attaching a copy of the 2553 election.

In order to enter information on those lines you'll enter the amounts you received as "Other Income".   In the "Wages and Income" section of your federal return, scroll all the way to the bottom and find the section titled "Less Common Income".  At the bottom of that is "Miscellaneous Income".  Click start and then scroll to the bottom again and click "Other Reportable Income".     On the next screen there is a little "Add" button.  When you click that you get a description and a dollar box.  In the first one enter the name of the company that sent the 1099-K and the full dollar amount.  Then click "Add" again and enter "received in error" and the same amount as a negative to cancel out the original.      

A "Golden Parachute" is a massive payout given to top-level executives (CEOs, CFOs, etc.) when their company is bought out or undergoes a merger. If that payout is more than 3 times their average salary, the IRS calls it "excess." The IRS hits the recipient with a 20% excise tax on top of their regular income tax to discourage these massive payouts.   If you are not a high-level corporate executive who just survived a multi-million dollar merger:, Contact the Payer immediately. Tell them: "You reported my compensation in Box 3 (Excess Golden Parachute) instead of Box 1 (Nonemployee Compensation). I need a corrected 1099-NEC."