Other financial discussions

The subject line is my basic question. Why do i have to report the 2nd round for 2020 taxes when it wasn't received until 2021 ?  (1/4/21 to be exact)  Am i being taxed on 1st and 2nd round or not?

My children and I were dependents in 2019. We are no longer dependents and will be filing myself. My children received the stimulus money by the person who claimed us but I did not as a dependent adult. Am I eligible? What do I put on my tax return?

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i recently filed my taxes and at  the time did not receive my second stimilus check but just received a deposit from the irs . i just want to make sure i did not mess up on my taxes because at the time of my filing i did not receive and claimed it on my forms or mess up my return.

Hello! So last year I filed my 2019 taxes by myself using turbo tax, being it was the first time I had filed by myself I had put that I could be claimed as a dependent even though I wasn’t by my parents. So when the stimulus checks went out I did not receive anything because I put I could be claimed. This year I seen something about filing a Recovery Rebate credit. Just wanted to see how to go about receiving my missed stimulus checks this year.

I expect to have 0 in taxable income over the next 10 years as all expenses will be paid for using cash during this time.  This mean my taxable income would be 0.   I have a need to generate 20K per year that I can claim as taxable income and file a tax return. I'm looking for any legal way that I can setup a sole praetorship or LLC if needed (if these are even needed), and pay myself to do something.   As an example I want to be a programmer, I would pay myself 20K per year to learn this skill and would expect that the LLC or company earn 0 in profit over the next several years.   At some point the company could turn a profit or has may continue never generating profit or may even dissolve.   I want to limit any tax I have to pay other than what I'm paying myself @ 20K.   Again the goal being to generate 20K of taxable income to myself from my cash until the company is profitable several years away. If anyone c

I was self employed for a couple of years, 2010-2011.  Created and contributed to a solo 401K account.  Now retired and 70.  Can I rollover that solo 401K to an IRA account and can that rollover be just for a portion of the balance as I sell some of the stock and rollover the cash portion.

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Even though I was told by credit union customer service reps twice that my second stimulus payment would be transferred from my old account to my new account like my first payment was, and that I didn’t have to do anything for this to happen again, the credit union returned my deposit from the old account yesterday instead. How will I be able to get my money now? Do I have to wait until I file my tax return? 

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If I don't have a job can I file taxes for my SSI?

I havent gotten my second stimulus which I am entitled to, My transcripts don't even show this stimulus, so what is happening, each entity blames the next. I just need my money

My mom is 86 with dementia and we want to sell her home and invest the money into an annuity or MIGA so that she can have some monthly income coming in addition to SSI. my question is whether she will have to pay taxes on the sale of the house if she is not investing the money back into the purchase of another home. is investing the money into an annuity or MIGA a good idea? thanks in advance

How do I enter credit for 2019 stimulus checks I didn't receive?

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Peoples return's were held up because of a system glitch and these same people didn't get stimulus checks

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My second stimulus check did not come until Jan4,2021. TurboTax asks for both check amounts. Do I still enter the second check amount even tho it arrived after the 2020 tax season?

My parents claimed me on their taxes for 2018 and 2019.  I was a college student and had no income.  However, im about to file my 2020 by myself and the recovery rebate credit is being added on my return.  Am i eligible to claim this since my parents technically already got this for me?  I dont want to get in trouble but could use the extra money.  

Ok so I'm an almost 10 year customer. I would like to know if All customers received the email sent yesterday, or if only customers affected by the IRS mess up? My GMP status is still "not available " as per the statement provided by the IRS we will not get it and have to claim it. I also pulled my transcript and it shows issued on the 4th. I really need a direct answer please no copy and paste response.