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The 5 Filing Statuses - Get it Right!

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

Jumpstart Your Taxes: Get Ready for Tax Time!

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

Last Minute Tax Tips & Money Strategies!

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

FBAR report investment account with a common account number for all participants

Hi, A family member of mine has money in several investment accounts abroad where each account has a common account number that's shared by all its participants. They work just like regular saving account where money can be deposited to collect inter... read more

Can I depreciate 50% cost of a bus. equip purchased this year, and other half next year? I know I can depreciate whole amount this year, OR use 5yr MACRS. Thx

I would prefer to do 50% each year. Does IRS allow that?

i need the address to mail my federal income tax to

Update Failing in Win 11, but works in Win 10

I need to amend a tax return from 2021 and had to use TT 2021 to amend the return from that tax year. I started up TT 2021 on my newer, Win 11 computer and when it tried to do the obligatory update, the update failed (with a 1603 error). I even tried... read more

1041 Reporting Sale of Home and using proceeds to build new home

We sold our primary home which was in a trust and used the proceeds to build a new home within the same trust. How do I report sale and interest income on monies on home sale proceeds while new home was being built?

I am getting a Zip Code doesn't match state error on APO address. It will not let me move on without fixing it but I have no further information I can add. How to fix?

Day care has an APO address on their tax form and I put it in fine last year but now i can't move on from the error.

I filled for my economic impact payment for 2021 back in April it's showing up as in my transcript as $1,400 credited to my account but no payment yet when do I get it?

scan to get started no app requirement me kya karna he me to sift sikhane ke liye agge process kar raha hu \

salary income 500 dollar just kalpnik filling in return so please your more then option mermitioned granted

Schedule K-3 with US as the foreign country

I have read many, many postings on this topic in the community. Several date back to 2023, there was one posted in April 2025 that doesn't apply to me. I am using Turbotax Premier for tax year 2024. I have a K-1 with Part III box 16 checked, and a K-... read more

Dropping support for WIndows 10 for Turbotax 2025

Hello to the corporate big wigs: I have been a loyal user of Turbo Tax software for past 28 years and have introduced this software to umpteen number of colleagues, clients and friends. Over this period of time I feel that the product is becoming mor... read more