I have a large NOL carryforward since 2008. Every year up until I started my own business, it has wiped out any and all taxes owed. When I switched from using Lacerte to Turbo Tax due to the expense, that changed. If I have a NOL carryforward, should it wipe out all taxes? If ordinary income becomes zero, do I pay no taxes, including self-employment? What line on the 1040S should the NOL carryforward go on? Turbo Tax does not transfer it. Am I allowed to amend back to the 2020 tax year?

September 23rd, 2023

Where is my 2020 tax refund? I am located in Loganton, PA 17747, I am 84 years old, and I have dependents. My typical filing status is married, and I made approximately $34,414.00. This is an amended form which they received on December 27, 2021.

December 30th, 2024

I filed a 2020 Non Resident Maryland Tax Return form 505 on 9-15-2021 requesting a refund of $470.00 due to the inclusion of form 510 Schedule K-1, which is for Pass Through Entities. I called to inquire about the refund and was told I didn't enclose my NYS tax return with the Maryland return. Was this a requirement for 2020? This is not the first time I have had this situation and never did it in the past. Do you agree with the representative's statement?

February 1st, 2023

I mailed my 2021 tax return on April 14th and the IRS says they cannot access it. What should I do?

July 26th, 2024

I filed my 2021 federal tax return with H&R Block and expected a $8,276 tax refund, but received a check for $5,476 with a follow-up letter from the IRS explaining the difference. I would like to understand the reason for this discrepancy and how to rectify the situation. Additionally, I need the telephone number to contact the IRS for further assistance.

November 22nd, 2024