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
K-1 | BOX 17 The following is identified on K-1, Box 17: AC Gross
receipts for section 448(c) $XXX,XXX (amount)AJ Aggregate Business
Activity Gross Income $XXX,XXX (amount)AJ Aggregate Business Activity
Total Deductions $XXX,XXX (amount) However, whe...read more
So I first arrived in US as green card holder in Nov 2024 and stayed for
1 week. I have two qiestions: How will my 2024 taxes can be filed ? Also
i visited the US again twice in March 2025 for 18 daysJult 2025 for 14
daysAnd will visit again in Dec 2...read more
The Form 1116 Gross Income from All Sources is Wrong. It's too low by
nearly half. It appears not to be including any of the "Other Income" on
Schedule 1 (I understand all the lines it's supposed to be adding). In
my case there is a sizable DCP numbe...read more
DavidRazPosted yesterday
| Latest post 2 hours ago by
pk
Turbotax is set up for only current year and that makes sense but what I
need help with is using turbotax to do my taxes for a prior year which I
somehow never did
I just realized that I should have filed Forms 8606 for my wife and I
with our 2024 tax return. We distributed money from our traditional IRAs
for direct deposit to our Roth accounts. We only need to fill out Part
II of the form because we have never...read more
PCD21Posted 8 hours ago
| Latest post 3 hours ago by
PCD21
In Coinbase report I see purchases from various years. I try to change
to 'buy' under 'transactions' and it changes to buy and then changes
immediately back to 'other' ?
Hi, I’m currently working as a post doctoral researcher at a university
in the states. I’m currently exempt from federal income tax as well as
FICA tax as per the US-UK tax treaty article 20a. I’m likely to extend
my contract with the university past...read more