HSt
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Without more details it is possible you have previously over contributed and have not rectified the situation.In that case the penalty could continue.
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The previous reply is correct unless the W-2 is marked as a Statutory Employee, which is highly unlikely.
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IRS recently announced they would make the appropriate adjustments automatically and then send refunds starting in May.
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Intuit updated their Pro Series software for this issue last week. Is there some reason the consumer product has not updated? The programers obviously have the ...
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The solution of changing the categoriztion from the original 1099R is a work-around but the IRS will do a matching of the 1099R and they will not match. Is ther...
Activity Feed for HSt
- Posted Re: Form 5329 issue on Get your taxes done using TurboTax. March 26, 2023 1:45 PM
- Posted Re: I'm having problems on how to report my income on Schedule C. I received my W-2 from my emplo... on Get your taxes done using TurboTax. April 14, 2021 1:41 PM
- Posted Re: New Exclusion of up to $10,200 of Unemployment Compensation on Get your taxes done using TurboTax. March 31, 2021 3:04 PM
- Posted Re: New Exclusion of up to $10,200 of Unemployment Compensation on Get your taxes done using TurboTax. March 21, 2021 4:59 PM
- Got Cheered for Re: Turbotax 2020 saying I owe taxes on RMD returned per CARE act. February 10, 2021 3:54 PM
- Posted Re: Turbotax 2020 saying I owe taxes on RMD returned per CARE act on Retirement tax questions. January 18, 2021 11:48 AM