asked
I live and work overseas, and my wife has a tax payer IDN (ITIN) while I have an SSN. We filed jointly for 2020 but did not claim the Recovery Rebate Credit. I recently learned that the rules changed, making us eligible for the first and second stimulus payments. What should I do to claim these payments, and how should I fill out the 1040X form?
December 26th, 2024
I had a child who received death benefits after the grandmother passed away. The proceeds came from several sources: $4,382.51 from 1099-R with a distribution code of 4; $23,183.02 from 1099-R with a distribution code of 4; $2,595.94 from 1099 MISC; $172.44 from 1099 INT. When preparing my taxes, the 1099-R proceeds seem to be taxable. Is this correct since the money is from death benefits proceeds?
August 29th, 2024
I received a letter from the IRS stating I will be getting the Second Economic Impact Payment for $600, but I expected $1400. Why is this the case?
April 3rd, 2024
Who do I need to confer with if the IRS will make a deposit into a bank account that I do not recognize on March 24? I am also discussing a $1,400 stimulus payment.
November 27th, 2023
I haven't received my Stimulus or Tax refund, which was filed on February 12th. I am 66 years old, single, and retired. There was a mistake made when I filed, as I told them I didn't receive the second stimulus check because it was received in January 2021. What should I do?
June 30th, 2023
With the 3rd stimulus and the child tax credit being issued to people who filed this year, what happens to parents who claim the children every other year? For example, if my ex claimed the kids this year and it will be my turn to claim them in 2022, will the $3,000 she gets as part of the stimulus work against me next year or how will that work for co-parents like us in the upcoming future?
April 24th, 2023