Is it considered negligence or fraud to not report changes in income to exchanges for individual insurance subsidies, and what penalties might I face if my subsidy was supposed to be smaller or non-existent? Additionally, how would the IRS treat the situation if I don't change my income for the next ACA individual insurance year, even if I know my income is likely to be higher?

June 3rd, 2023

How do I amend and get a refund from the IRS due to a newly hired preacher having signed a form 4361 at his previous job yet failing to inform the church of Grand Junction that he was claiming exemptions on SS and Medicare. Those items were withheld on a bonus check in 2014 and 3 quarters of 2015. How do I amend the 941 and get the refunds?

August 4th, 2023

How do I correct a filing date mistake on my corporation tax return for Form 1120, where the IRS has stated I used the wrong filing date, and how do I determine the correct filing dates for subsequent years?

February 1st, 2024

Can I deduct medical expenses that are reimbursed with tax-free per diem long-term care reimbursements on my tax return?

July 8th, 2023

I'm trying to file my 2014 tax return and received a K-1 from an investment. On line 20 of the K-1, there is a star on 20Z, which refers to a statement listing 5 numbers under titles like Gross Income, Gross Receipts, Federal Bonus Depreciation, State Depreciation Adjustment, and Section 743(b) Adjustment. How do I enter these numbers into TurboTax, specifically on the page for entering K-1 information where there is only one box for 'Z-Other Information'? Additionally, how many tax returns does TurboTax allow for free eFile?

July 29th, 2023