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

I filed a 941 with the wrong EIN and need to correct it by filing a 941x. I want the IRS to move the payments made under the wrong EIN to the correct EIN. I have already filed a new 941 with the correct EIN. Which boxes should I check in Part 1 and Part 2 of the 941x form?

November 2nd, 2023