With the recent tax law changes, you might see additional information
and codes in Box 14 of your W-2. Currently, there are no standardized
codes to designate income such as “No Tax On Tips” or “Overtime”. While
next year, the W-2 form will include s...read more
When it comes to children and taxes, it’s a confusing topic for many.
Does my child need to file a tax return of their own? Do I need to
include their income on my tax return? We know that if a child is
employed (W-2) they may need to file their own ...read more
Whether or not you have to file a tax return isn’t just about how much
income you earned. Sure, that’s part of it for most taxpayers, but the
type of income also matters. For example in 2025, if your net earnings
from self-employment are $400 or more...read more
Identity theft is real, unfortunately. For some people, concerns about
possible identity theft and security start to grow when a tax filing is
rejected due to a social security number. Often though, an e-file reject
is simply caused by a typo or a de...read more
Tax filing status impacts several key areas of your federal tax return:
whether you are required to file, the size of your Standard Deduction,
your tax rate, your eligibility for specific tax credits, and
ultimately, the amount of tax you owe (or the...read more
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 got an IRS notice CP28A stating that I've claimed too much mortgage
interest deduction. Could the knowledgeable folks here kindly provide
some guidance on the calculation. Please see pertinent information
below.Background:I moved from Property 1 to...read more
I am at the understanding that a reasonable excuse for contesting late
fees and interest is that it is an unforeseen circumstance. In my case,
I have ALWAYS, for over a decade, received a refund and did not think I
needed to pay anything on April 15t...read more
Our Turbotax filer did our Federal and California returns, however,
looking at the Federal, I see the Part III Foreign Accounts and Trusts
and the boxes are ticked that they filed the FBAR and Form 8938, but
those documents don't appear anywhere on o...read more
So I have an LLC with a 12 digit California SOS File Number that starts
with a B. It looks like California started issuing LLC's a number
starting with a B in 2025.When I try to enter this number on Form 568, I
get a forms error stating that the numb...read more
I realize it may be too early, but why isn't 'Merrill Lynch-Merrill
Edge' in the dropdown for institutions to import from? All I see is
Merrill Trust Managed Accounts and that doesn't feel like the correct
organization. Pretty sure it was there befor...read more
Today I discovered an egregious error in my wife's 2019 tax filings,
back when she was single. Essentially, she failed to claim the $250k
capital gains exemption on the sale of her home that year, and paid
approximately 25% of the gains (15% federal,...read more
jtrevorPosted 5 hours ago
| Latest post 18m ago by
MindyB