Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Dividing Schedule C Income
I have a small Schedule C business. I'm going to divide the work and the income with a partner, whom I might be married to by 2024. I receive a 1099NEC for the work. If we're not married, can I just...
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Question regarding place of income, when filing K-1 LLC Partnership (NY State) - Filing Form 1065
Short background: We are a LLC (equal Partnership between 3 people), registered here in NY State. Our company / profession is musicians that travel around USA, performing at various venues. Our...
 
Federal e-filing 1040 returns with H&R Block Premium Home & Business
I've bought this software know full well I'll get 5 free e-files for Federal 1040 returns. I due 11 returns a year now and get the message that I've I've reached my 5 free e-files. I always assumed...
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Child Tax Credit
One of the requirements for the Child Tax Credit is that the child lived with the parent for more than half the year. Does that mean that the child must have been born before July 2? Or is the child...
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Page moves after refrest
Firefox 110.0, Windows 10 For all the time I've been using Firefox, when I refresh a page by pressing F5 or Ctrl+R, the page stays in the same scrolled position. With FF 110.0, the page always goes...
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Living in US / Inheriting assets in Switzerland - IRS reporting
The following question was posted on an online forum for Swiss citizens. What do the tax experts here have to say? Thanks. ***quote*** I am Swiss, but a US resident. My father passed away end of...
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Qualified REIT and PTP income Form 8995
I just noticed that my tax software is claiming this, and has at least the last 3 years. I wasn't aware I owned anything with REIT income and nothing jumps out on my tax statements. The tax software...
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IRS Procedural Question
This is a follow-up to the previous discussion about the 1040-NEC form. Consider the scenario where a taxpayer receives a 1099-NEC, decides it is for hobby income and reports the income as Other...
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Non-Qualified Plans
I receive a small supplemental pension each month from a former employer. The amount is reported in Boxes 1 and 11 (Nonqualified Plans) of Form W-2. The amount in Box 11 is the same as in Box 1. There...
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corrected 1099 query
Say I file taxes. I then get a corrected 1099 DVD or INT. Suppose it changes my liability by under $35 either way. Can I just ignore it, or will that delay things more than doing a 1040X which is a...
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Accumulated Depreciation
I recently got a question that I can't answer, and probably you can't either. I'm curious, though, if you have any thoughts. The OP was doing his taxes with H&R Block software, and it came up with...
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Handling 1099-NEC /Insurance
Background - I am working on my daughter's tax return. She is on her own, another state, in fact, but at 24, still on a family insurance plan with me. She has multiple jobs, 6, and as I look at the...
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Reporting 1099-R
I don't do returns, and I haven't been able to find out the answer to this question. OP transferred money from one company's 401(k) to another company's 401(k), and he received a 1099-R. The...
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H&R Block Premium Home & Business glitch in Maine state return
FYI, So far, I've prepared 3 state 1040 returns for Maine and each time when I get to the error checking, it reports that it needs the degree pursued, when the person graduated and what state for the...
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Lack of IRS guidance on state tax payments
During 2022, various states used pandemic monies from the federal government to issue tax payments. They called them, variously, rebates and refunds. Alaska, California, Colorado, Delaware, Florida,...
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