I received a CP2000 notice for my 2016 tax return and paid the amount due. Do I need to amend my tax form in TurboTax, and if so, how do I report the payment on my current tax report? Additionally, my state tax return was donated to a wildlife fund and I did not receive it. How do I deduct that amount from my taxes?

October 5th, 2023

My daughter, who is an American citizen with dual citizenship, moved to Canada in 2009, attended college there, and now works as a teacher. She files taxes as a Canadian resident but has been told she should also file a tax return in the US every year despite having no US income sources. What should she do to comply with US tax laws, especially for the years she did not file?

October 27th, 2024

If someone is a foreign individual who received money through a partnership in the USA and has an ITIN or SSN, does he need to file Form 1042, and what other forms are required for nonresident partners?

January 5th, 2024

I'm retired, 65 years old, and my gross income is $812.82. Do I need to file an income tax return, and if not, how do I handle owing money to first-time homebuyer assistance?

July 26th, 2023

I set up an LLC and put my land in it, which got zoned commercial after I bought it but before I put it in an LLC. I am waiting to find a buyer so have only had expenses but no income. I know I don't have to pay taxes but am looking for the correct NAICS number to put on the form to say I don't need to pay. I am not leasing it out or doing it for a third party, so I kept not finding a category in the ones I saw on https://www.census.gov/cgi-bin/sssd/naics/naicsrch?chart_code=53&search=2017%20NAICS%20Search. What NAICS number should I use for my LLC owning a piece of land?

November 10th, 2024