asked
I received a personal injury settlement in 2020 from an injury that occurred in 2018. I've read that it's not taxable, but there's a space for it on the mn m1 form and I never received a 1099. What should I do?
December 8th, 2023
How can I remove a state income tax that I accidentally added to my tax return?
November 23rd, 2024
I am confirming that the IRS received my 2019 taxes. The reason I am wondering is because I did not receive the last stimulus check which was based on my 2019 taxes. I received the first stimulus check for $2,400 (for me and my husband) which was based on 2018 taxes. Is there anything else the Accountant should know before I connect you?
October 29th, 2023
I filed my 2019 federal and state (Idaho) taxes in December 2020 using an accounting firm, and now I'm filling out TurboTax Premier for 2020 taxes. Both federal and state tax forms have been rejected twice with the message: 'ND-031-04 - The primary taxpayer's AGI or Self-select PIN from last year does not match IRS records.' I've listed the AGI as shown on line 8b of the 1040-SR form and listed the PIN numbers. Additionally, I have two 1099-R forms: one for a TSP distribution rolled over into an IRA, and another for monthly annuity payments received in 2020. The taxable amount from the annuity is listed as $0 on Form 1040-SR. Is this correct? Also, for Idaho taxes, I'm asked to enter the portion of my pension income eligible for the retirement benefit deduction for civil service. How do I determine this?
October 20th, 2024
Can a company registered as a C corp in 2020 file an S corp tax return in the first year and elect to be taxed as an S corp by attaching Form 2553 along with the tax return?
February 6th, 2023
My daughter-in-law started selling Tastefully Simple products in 2020 and received $163 in commission/bonuses, while spending $155 on website and sample products. She and my son are filing a 1040 with standard deduction. Does she need to file a Schedule C?
October 15th, 2023