[Event] FIrst Financial Bank + TurboTax

[Event] FIrst Financial Bank + TurboTax | Ask the Experts About Your Taxes

Join us right here on Wednesday, March 5th any time between 9:00am - 5:00pm Pacific Time for a special installment of our Ask the Experts event series. This time, in partnership with MetLife Legal Plans, we'll be answering any of your tax questions, ... read more

Early withdrawl of a pension fund from a foreign country

I withdrew the entire pension fund I had in another country an early withdrawal (I'm not at pension age yet).Part of the money I gave as a loan to a family member in that country and the rest I move to my account in the US.I paid full taxes in the ot... read more

Reporting grants granted during home purchase

Hey, I bought a new home in June, 2024 and got some grants from my lender worth $15k during the process. Most of those were applied directly to my mortgage during closing. I'm not sure if those grants need to be filed for in any way in the taxes? I d... read more

Reporting RSU income granted in Canada

Hey, I was granted some RSUs from my employer while I was in Canada which vested when I moved to the US. My employer takes care of automatically calculating the percentage of time I was in each country and paying them their dues on taxes which makes ... read more

Unkown entry on Form 1116

In my return Form 1116 Line 1a refers to an amount "From 1099s". However, my return doesn't include form 1099s. In addition, I cannot see how the transferred amount is derived. Is this a TurboTax bug?

Tax Question for year 2023 and 2024

I did not file my 2023 taxes in time and recently was able to e-file them online because of me having a Pin. Once they were filed I automatically received a rejection advising my dependants SSN was used. There is absolutely Noone else that is allowed... read more

Deduction for medical costs

If I spent about 10,000 dollars or more on out of pocket medical expenses how can I deduct that

How to amend filed 2023 state return for non taxed interest?

I forgot to take a deduction on my e-filed 2023 Massachusetts state tax return for interest on US obligations (which are not taxed by Massachusetts). I do not want to amend my e-filed federal return. This exclusion amount is in the neighborhood of $1... read more

Special forms for NYC tax

Hi There, I currently reside in California and have received my W-2. Previously, I worked in New York City, and I am facing an issue where NYC is still taxing me for my full income instead of vested stocks. Is there a specific form I can file that re... read more

Oregon Tax Business Benefits

If I use Turbo Tax and work with a advisor, will I be able to claim all the benefits that the Oregon state offers? I ask because last time I used TurboTax I owed a lot of money to the state and IRS. However, once I took the taxes to a CPA, my liabili... read more

Form 4797, Part 1, 2f

Can someone please explain how the number in Form 4797, Part1, 2f is calculated (i.e., what's included), why it's so high and why it differs from Part 2, Line 24? It results in a huge deduction from my capital gain on this property sale and I'm not s... read more

Traditional IRA to Roth IRA

I have deposited around $500 to traditional IRA from my bank account (taxed money) and transferred all that amount to ROTH IRA within 10 days for deposit to tradition IRA as a backdoor ROTH IRA conversion.I received to 1099-Rs, one for ROTH and one f... read more

First time filing taxes in US

I moved to US on Dec 9th, 2024, and worked for 21 days and got a paycheck. I need to file tax for this one month for the year 2024. But I got taxed at the higher rate of 22% for my 21-day paycheck. I am looking for refund for as well. When my stock g... read more

Guidance Needed: Exceeding the 2024 401(k) Contribution Limi

What steps should I take if I exceeded the 2024 401(k) contribution limit of $23,000 when I file my taxes?

Tax Queries 2024

Tax Queries1. Tax Savings Options for Married Filing Jointly: How can we save on taxes? What are the different tax savings options available for those who are married and filing jointly?2. Tax Credits and Benefits for Home Purchase and Solar Installa... read more