I withdrew $2K each month during 2017 and a couple of other withdrawals for a total of $35K from my IRA. My tax person says I will be fined $500 by the IRS for not paying tax on each withdrawal at the time. Is this true, and how does the underpayment penalty work?
August 21st, 2023
Do I send my 2021 1040-ES payment vouchers with separate checks along with my 4868 form for an automatic extension of time to file my U.S. individual income tax return in the same envelope?
November 9th, 2023
I need to talk to a live person. How do I do that? I am located in Mississippi Gulfport, 53 years old, with 2 dependents. Someone filed my kids and I'm trying to find out when I will get my taxes.
September 1st, 2023
I sell taxable products at exhibit shows in PA and MD. I hold a PA sales tax number but when I hold a show in MD, I receive a temporary 30-day license in the mail and it requests I charge and submit MD sales tax after the show. I’m self-employed with my biz license only in PA. What are my requirements?
February 12th, 2024
I submitted our 2022 tax return with the wrong account number for payment. How can I correct it before the IRS attempts to execute our payment for 2022?
October 22nd, 2024
I am a resident alien in the US with no income in 2022. What tax forms do I need to fill out for federal income tax?
September 6th, 2024