The first step to maximizing your tax refund - and possibly keeping the
IRS at bay - is to use the correct filing status on your tax returns. If
only it were as simple as choosing Single or Married. But alas, there
are a whopping five (5) filing stat...read more
Be prepared and make tax preparation a breeze! Imagine how beneficial
and stress-free it would be to not rush around last minute gathering
your tax info. You can begin by making a list of what's changed since
last year and gather your supporting docu...read more
The end of the year is more than just holidays, great food, and family!
It’s also the perfect time to make smart money decisions, take action to
reduce your tax liability and give yourself peace of mind! The following
links are filled with tips and s...read more
When I view Form 8949 (Copy 1) in "Forms in My Return" it looks like a
one page abbreviated summary, with only a few transactions for January
and then line 2 is the Total for transactions for the rest of 2024.
However, when I print "All Official Form...read more
foxy1Posted Monday
| Latest post a minute ago by
fanfare
I file all my taxes correctly, I have T4A cause I am full time student
last year and file my T4. Should be easy but it saying error and
diffrent province of my self employment? I am not not self employed.
Hello,I have a small rental property that I have rented out for over 15
years. At the end of 2023 I decided to make the home my primary
residence but have not moved into it yet because I need to make major
improvements and finish battling with the co...read more
My twins live with me full time. They spend every other Saturday and
half Sunday with their dad. We agreed when the twins were born that I
would claim one and he would claim the other. He has never had them
longer than a day and a half. He wants me t...read more
wigragabPosted 9 hours ago
| Latest post 9m ago by
KeshaH
On our tax return, Turbotax specifically asks us if we have any
dependents. IF we misrepresent this question for the American
Opportunity tax credit, will there any issues? How does Turbotax give
AOTC to a dependent ? Is there a flaw? Please advise t...read more
Hello! I did an installment sale this year to sell my rental property.
The buyer paid off my existing mortgage on the rental property. This is
a part of the selling price. So for example I sold the property for a
selling price of 400k and the mortgag...read more
Why my 2023 loss carryover not show in the 2024 schedule D and not
offsetting 2024 gains. I have input manually the carryover losses info
from 2023 tax return as per TT instruction. Pls advise how to manual
change the loss carryforward for year 2024 ...read more