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 a letter from TurboTax saying that I will need to have Windows 11
installed on my computer to use Turbo tax; unfortunately for me, as I
was loading Windows 11 on my laptop, it completely wiped out my hard
drive and I had no back up. All my hist...read more
I was a W2 employee in 2025 and also bought a business. Basic details
are: I will have about $250k in W2 income in 2025 and self employment
business loss of about $25k including the acquisition. I need a vehicle
for the new business and expect income...read more
I am entering my business Schedule C information for 2024 and the Cost
of Sales portsion is not being recognized. I enter it, and the summary
shows it as 0, and the amount is not reflected in the Net Income. This
is creating a large error on the amou...read more
I'm planning to execte a large Roth conversion before the end of 2025
and want to simulate my taxes for various conversion amounts, but the
section for IRA withdrawals (1099-R) tells me it will be "Available
Soon" in the Mac desktop software. Any ide...read more
JBSCAPosted yesterday
| Latest post yesterday by
VolvoGirl
I never knowingly ordered the Advantage plan and received no emails in
October or November regarding the plan. Looking at my records I noticed
I was charged $120 the previous year for the same thing. You owe me $240
for illegitimate charges, so eithe...read more
Summary: Adult child dependent has own business that will be disregarded
entity for federal taxes. Can I buy one license for Home & Business
(instead of Premier) and then just pay an additional filing fee if he
has to file? Or do I have to buy two ve...read more
AJH4Posted yesterday
| Latest post yesterday by
NCperson