As a 1099 consultant, how do I withhold taxes during the year? Can I simply pay taxes at the end of the year, or will I pay interest and penalties for not withholding during the year?

June 12th, 2023

I thought I filed my federal income tax on 04/25/2021 and received a refund of $3167.00. Today, I checked and it said I hadn't finished my federal return. I am worried about paying a penalty. What should I do?

August 17th, 2024

Is there any issue for a US green card holder to not inform 1099 interest return for an amount like $700 (paid by banks as a welcome bonus) in the Tax return form 1040? What are the penalties, and can deportation happen for this negligence, which happened accidentally?

March 8th, 2024

If you give someone more than $10,000 as a gift, does it need to be reported in tax return 1040, and how? The amount is already tax-paid and saved money.

April 8th, 2024

I am legally allowed to claim my child on my taxes due to a property settlement agreement signed by a judge in 2015. However, my ex-wife has been claiming the child every year. What should I do to correct this and ensure I receive the correct tax benefits, including any stimulus payments?

February 13th, 2023