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
I am trying to file a joint return with my wife who deceased during
2019. IRS has now rejected 2018 AGI for spouse twice. The number entered
for her AGI is the same as in our joint 2018 tax filing done with
on-line turbotax (verified, several times)....read more
I'm not sure how to fill out Form 709 Schedule A, column (e) Donor's
adjusted basis of gift and column (g) Value at date of gift. I sold my
house to my daughter and son-in-law. The contract price was $850,000.
However, I told them I was giving them a...read more
I have a question regarding how to fill out Form 1099-R for the removal
of my excess Roth IRA contribution. Here is the timeline of
events:January 2024 – Contributed $7,000 to my Roth IRA.December 2024 –
Recharacterized $8,539 from my Roth IRA to a T...read more
I'm trying to file my 2024 property tax located in MN, but as I paid the
2nd installment of my 2024 property tax in 2025 resulted it to be
delinquent. My question is do i have to file claim my 2024 property tax
refund on 2025 taxes "Considering that ...read more
I have some very basic questions (I searched but somehow I can't find
the answers). 1. I have read that TurboTax automatically generate Form
8606 for me. Where can I see that? (I have input 1099-R and related
information but I haven't submitted my ta...read more