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I am married and file jointly, making approximately $25,000 annually. I realized when doing my 2022 taxes that my employer has not withheld federal income tax all year. My employer claims that the tax rules changed, and I now don't make enough to have federal tax withheld. However, I now owe over $1,500 in taxes. Is this true, and what should I do?
August 20th, 2024
What states require state filing for 1099, and do I need to file for an NJ-based vendor if I am from FL?
May 26th, 2023
Can you confirm if my understandings regarding taxation of dividends and withdrawals in brokerage accounts, Roth IRAs, and Traditional IRAs are correct? Specifically, I want to know: 1) Are dividends in a non-retirement brokerage account taxable in the year they are paid, regardless of whether they are reinvested or liquidated? 2) Are Roth IRA dividends and withdrawals tax-free? 3) Are Traditional IRA dividends tax-free, with taxation only applying to withdrawals?
July 27th, 2023
I have a problem with the NY state portion of my tax return filed online with TurboTax. It shows adjusted income as $108,688 and an adjustment subtraction of $108,688, resulting in an amount to be taxed by NY of $0. I must have filled something in wrong and I don’t know how to correct it.
September 9th, 2023
I have not received my 2022 state tax refund. When I check the status, it says 'we cannot provide any information.' I have called the state tax agency and received the same message. My accountant filed my taxes electronically on March 9, 2022, and I received my federal refund but not my state refund. What should I do to resolve this issue?
May 25th, 2024
How long do I need to wait to get a 1099-C form for debt relief?
December 11th, 2023