I have a W2 job earning $113,058.52 and contributed $4,729.47 to my 401k. I also have a side business under a single member LLC that made $150,000 in 2020 with a Solo 401k plan. I understand I can contribute $14,270.53 as salary deferral contributions and 20% of my LLC income as profit sharing contributions. Please confirm my understanding and advise where these contributions should be reported on Schedule C and Schedule 1.

March 6th, 2024

I filed my taxes twice and want to revert the first filing before tax season starts. The first filing has incorrect state information (Tennessee instead of Kentucky) and is missing necessary forms. How can I correct this without getting into trouble?

August 31st, 2024

Where can I get an 8822 form?

July 3rd, 2023

I forgot my PIN number for my IRS stimulus debit card and need to reset it. How can I retrieve or change my PIN?

January 13th, 2023

I am 70 years old and still work. For my 2020 taxes, will I pay taxes on my Social Security benefits?

May 31st, 2023