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
The 2024 Cedar Fair tax booklet states that if you have a passive loss
to not report the amounts of lines 1, 9c, 10 or 17 (codes A & B) from
the K-1 if you have not disposed of your units. It suggests to fill out
Form 8582 to keep track of suspended ...read more
ddm_25Posted yesterday
| Latest post an hour ago by
dmertz
I am just starting and ecommerce and know I will be getting a 1099 at
year end, I believe it will be the nec. I want to know if when I file
woukd the home and business be sufficient or will I need to use a
different version. Also I did pay start-up a...read more
They were deceased end of 2020. We did not realize there was a few
months of interest in year 2023 until now. This would be their final
year tax return for their estate.
I will be itemizing deductions, and can increase charitable
contributions by Dec 2025 to lower the MAGI. Has TT 2024 been fully
updated to account for OBBB changes?
I am trying to figure out which version of TurboTax I need to purchase
to be able to file a schedule K-1. Can you recommend the correct
version? Thanks,
Interest income on Federal obligations are tax exempt in Michigan but
TurboTax's MI return does not refect the deduction. What can I do to
avoid State taxes on this interest income?