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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
Employee Tax Expert KarenL ‎Posted December 12, 2023
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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
Employee Tax Expert KarenL ‎Posted November 28, 2023
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Hi community. 1. I currently live in an apartment and have lived in it as my primary residence for the last 5 years2. I would like to rent out my apartment and claim depreciation, whilst simultaneously buying a home in the suburbs3. I will not rent o... read more
rjwoodho ‎Posted 8 hours ago | Latest post 24m ago by Mike9241
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My 2022 tax returns were accepted by the IRS but the refund has not been sent. How do I refile the tax returns?
ewf1989 ‎Posted 45m ago | Latest post 36m ago by DoninGA
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I have investment interest expense reported to me on a k-1. My k-1 footnote includes the following language: 1040 FILERS SHOULD ENTER THIS AMOUNT ON FORM 4952, LINE 1. ANY DEDUCTIBLE AMOUNT SHOULD THEN BE ENTERED ON SCHEDULE E, PART II, COLUMN (I). T... read more
MAC18 ‎Posted March 28, 2024 | Latest post 3 hours ago by Cabbott2
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I have a 5 digit filing PIN issued by Turbo Tax when filing my 2023 Fed. Tax Return. Is this issued after or before the return is electronically sent to the IRS?
PaLou ‎Posted 6 hours ago | Latest post 4 hours ago by rjs
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Ok should I be concerned about the e -mail I received. It says they did not use correct deduction. Standard VS. Itemized. Says they are sending a $60 check to cover the cost of turbo tax. Help do I worry or not. Thanks [email address removed]
Aĺexis28 ‎Posted a week ago | Latest post 5 hours ago by rjs
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I own some shares in a family timber company organized as an S Corp and the company will be liquidated and its land sold this year…the proceeds will likely be distributed to shareholders via line 8a on the K-1 as net LTCG. I have the IRS rules for de... read more
Anjin San ‎Posted yesterday | Latest post 5 hours ago by Anjin San
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I received an inheritance this year (2024) and just received a K1 for tax year 2023. (The taxable income portion that I need to claim for last year 2023). This K1 amounts to over 50% of my total inheritance. This seems very high to me, but my questio... read more
barbsmith35 ‎Posted 8 hours ago | Latest post 6 hours ago by dmertz
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While working through TT I discovered I made an excess contribution of $1,463 into my HSA during 2023. I requested a withdrawal from the custodian which was not processed until April 18th 2024 (after the normal filing deadline of 4/15/24). However, I... read more
rfoggia ‎Posted yesterday | Latest post 6 hours ago by dmertz
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