Taxes General Forum

How to Address H&R Block About "Mistake" on 2020 Taxes

-- About a year ago a low income client went to H&R Block to have her taxes done. -- The client turned 65 in February,...

4 comments posted 4yrs

posted by honda....

4 comments posted 4yrs posted by honda....

EIP 3 and medical deductions

Helping 66 year old neighbor with taxes again this year. (Blind leading the blind). Using eztaxreturn.com . He received...

2 comments posted 4yrs

posted by sber...

2 comments posted 4yrs posted by sber...

Excess 401(k) Contribution

A worker with two jobs overcontributed his 401(k)s by $5,000. He did this intentionally because his employers matched h...

27 comments posted 4yrs

posted by spamtrap

27 comments posted 4yrs posted by spamtrap

Taxpayer Did Not Receive First ($1200) Stimulus Payment

Other than a taxpayer submitting an IRS Form 3911, is there anything else a taxpayer can do to get his/her (as yet not...

4 comments posted 4yrs

posted by honda....

4 comments posted 4yrs posted by honda....

ok to contribute to prev-year TIRA and immediately withdraw ?

In order to avoid a big hit on IRMAA (in 2023, based on 2021 AGI), wife and I plan to make TIRA contributions before fi...

5 comments posted 4yrs

posted by johngeyles

5 comments posted 4yrs posted by johngeyles

Schedule C, Car Expenses

This was a recent, real life VITA site scenario. I am seeking suggestions on how to better handle this in the future. F...

4 comments posted 4yrs

posted by honda....

4 comments posted 4yrs posted by honda....

QCD

Haven't used Freetax USA before but friend is trying to enter a QCD. Does anyone know their procedure? tks all bw

2 comments posted 4yrs

posted by bh2os62

2 comments posted 4yrs posted by bh2os62

How Does the IRS Enter Return Data?

My daughter asked me a question about what the IRS does when they get her electronic return. She used TurboTax online t...

1 comments posted 4yrs

posted by Boris

1 comments posted 4yrs posted by Boris

Unmarried Parents; Their Kids; Third Round of Stimulus Payments

Parent Liz and Parent Raymond share custody of three-year-old Child X. Per a court order, Parent Liz takes Child X as a...

3 comments posted 4yrs

posted by honda....

3 comments posted 4yrs posted by honda....

Is this reimbursement really taxable income?

Background: Last summer the Los Angeles Hyperion plant had an incident which resulted in a large sewage spill and odors...

5 comments posted 4yrs

posted by taruss

5 comments posted 4yrs posted by taruss

Advantages California LLC Taxed as Corporation vs. Partnership

A sole proprietorship is taking on a new partner. Since both persons are still in an early startup phase, they need to...

3 comments posted 4yrs

posted by debbie.lafourche

3 comments posted 4yrs posted by debbie.lafourche

Debit Card Bonus not taxable?

Capital One Bank did a promotion last year where you would earn a $100 bonus if you opened a new checking account and u...

26 comments posted 4yrs

posted by rick

26 comments posted 4yrs posted by rick

IRS Interest Rate on Refunds?

For those folks whose amended returns show thousands of dollars (or any dollars) owed them by the government, and who a...

3 comments posted 4yrs

posted by honda....

3 comments posted 4yrs posted by honda....

File Today, Pay Later?

Can I e-file my form 1040 today in February but not pay the balance due until April 10th-- without interest or penalty?

7 comments posted 4yrs

posted by Wade

7 comments posted 4yrs posted by Wade

is a tax return necessary

Mother has a toddler. She sets up a custodial account for her son. She is the custodian. Account earns: $2043 cap. Gain...

1 comments posted 4yrs

posted by moo

1 comments posted 4yrs posted by moo