Other financial discussions

Community Chatter: What do you wish someone told you before making a big financial decision?

Covid-19 has really transformed many aspects of our lives, and finances are one of those hot topics. Maybe you’ve been more interested in tackling those pressing home projects, because you’ve been spending more time at home,? Pondering a carpet refre... read more

Covid-19 (Coronavirus) personal finance thread

Hello everyone, we know these uncertain times raise questions for all of us. We've collected helpful tips and resources here: https://blog.mint.com/updates/mint-money-hub-what-to-know-about-coronavirus-covid-19-and-your-finances What other questions ... read more

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Estimated taxes for Roth IRA Conversion

This Fall 2020, I converted a portion of my Traditional IRA to a Roth IRA. I did not withhold any taxes when I converted the money to a Roth. I know I need to pay taxes on it. Can I use the 1040ES to make an estimated tax payment to the IRS for the i... read more

Stimulus Check for "Your Spouse as a dependent"

Hello, In 2019, I filed Married Filing Separately and accidentally have the check box filled in for: Someone can claim: "Your Spouse as a Dependent" I have not received my stimulus deposit. My Spouse did already receive her stimulus deposit. The IRS ... read more

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Stimulus and dependents

My stimulus check was taken because I owe back child support. When I claim my taxes I have 2 kids on there. 1 is from the previous relationship and the other child lives with me from my current relationship. Is there a way to get the $500 for the chi... read more

Stimulus Payment: Filed as NR in 2018 but as a resident in 2019

Hello Everyone: I am an international student with F1 status. I have filed my 2018 tax return as a non-resident; however, I filed the 2019 tax return as a resident because I have passed the significant presence test.The tax refund got approved, and I... read more

Leverage less income due to Covid

Hello, I am a US citizen living and working in India with my wife plus two kids. For 2020 I could work only for the month of Jan and earned 1700$ + may be 1200$ more due to freelance work. I am the only working member and we file our return as a marr... read more

401K rollover with both Roth and traditional contributions rolled into traditional IRA

Son was closed out of a 401K held at Vanguard and received a check consisting of mixed Roth and traditional monies (less taxes). Check was received in early September. He rolled it into a newly created traditional IRA at Schwab so it contains only th... read more

CPA with Expertise in Expat Taxes

I am looking for a CPA that has expertise in both UK and U.S. tax situations.I have tried using a TTL professional however in my experience they can only really provide advice on U.S. tax situations. I would like to go a little deeper and discuss:- r... read more

ITIN application delayed.

Hi, I applied my wife's ITIN on Mar 3, 2020, through visiting the IRS office, so it's been more than 3 months. The paper instruction is saying that the mail will be delivered within 9-11 weeks, however, I still don't get any mail for the result yet.I... read more

Stimulus Check with a Negative AGI

Hello, When I log in to get my payment, it says they need to confirm my banking information. It asks me to enter my AGI which is -10, but it won't accept a negative or 0 when I enter the information. I am now locked out of the system for 24 hours. wh... read more

CLASS ACTION?

TT states You can still resubmit your return through October 31, 2020 9PM PT, but your return could be subject to late filing or payment penalties, but, TT LIED ABOUT THE ELECTRICONICALLY ALLOWED FILING DATE. TODAY, TT REJECTED MY PAID FOR FILINGS SA... read more

Owning Land tenancy in common with sibling. Property was passed down to us by a parent who is still living. P1roperty is for sale in Canada, will have capital gains to report in Canada. How to split gains to report in CAlifornia. Will taxes be paid tw

Community Chatter: What do you wish someone told you before making a big financial decision?

FSA for babysitter

Hello, I have $5000 taken out of my paycheck pretax every year for dependent child care expenses. This school year because my children are distance learning I’ve had to hire a babysitter. I pay approximately $800/month. I tried to submit for reimburs... read more