I have an amended 1099 with a realized long-term gain of $1852.00, but my 1040-X indicates an adjusted gross income net change of $3389. I am using TurboTax software. Why is my correct adjusted income more than $1852, and what could be causing this discrepancy?

March 14th, 2023

Fidelity issued an unexpected automatic RMD before I had a chance to do it myself, resulting in underwithheld taxes. I could pay the extra in my next estimated tax payment, but that would mean uneven estimated payments. Would that potentially result in a penalty? Could any penalty be avoided if I put in enough to amount to 110% of last year's taxes? If that won't work, could I have Fidelity make another distribution and put it all into tax payment?

April 24th, 2024

My brother-in-law died on November 23rd. Is the retirement benefit check he received in November for his October benefit? Does my sister have to return the November payment?

February 7th, 2024

I am waiting for my tax refund deposit, which has been delayed for 3 weeks. I am located in Rusk, Texas, and my filing status is single. My return is for $32,925. What should I do to check the status of my refund and how can I contact the IRS for assistance?

October 19th, 2023

Why did the USD historically decrease in value after FED rate hikes?

October 19th, 2024