Can anyone confirm if premiums for a LTC policy I have is deductible?
It's not employer paid and I am self-employed, but have had this policy
for years from a prior employer purchase option. The prior employer has
never contributed to the premiums an...read more
Hi, I have filed already and remember that towards the end of the
process, Turbotax asked if I want to file Q1 taxes for 2026. I said yes
and went through all the questions to estimate the amount. However, I
don't think Turbotax prompted me to pay th...read more
For any 2025 tax year 1099-NEC compensation; is a self-employed taxpayer
classified as an independent contractor for Federal purposes always
classified as an employee receiving income for tax purposes by the state
of California?
If you are a self employed hairdresser you do not get a W2! You have to
keep a record of your income & tips. Schedule 1A should be the place to
enter your “No Tax on Tips” exemption. Turbo Tax Home and Business will
not let me enter my wife’s tips.it...read more
Pershing/ BNY reports ordinary investment income (coupon payments on
their investment notes) on 1099-MISC box 3. After I answer all of
TurboTax questions truthfully, it concludes that it is some sort of
self-employment income and creates schedule C. ...read more
Washington State has a Long Term Care tax and an FMLA Tax that is taken
automatically out of the "employees" pay each month. There is an
exemption process you can go through for the Long Term Care tax, but
there is no such thing for the FMLA Tax. Thi...read more