asked
In 2019, I submitted my IRS payment with the wrong social security number. The IRS has confirmed they are aware of the problem and are reviewing it for correction. However, my 2020 and 2021 refunds were applied to my outstanding balance, and I find it difficult to talk to someone who can resolve this issue. Before I submit my 2022 taxes, I would like to have this corrected. Can you help?
November 20th, 2024
I live in Massachusetts and received a state check refund due to revenue collection exceeding the cap. Do I need to report this on my federal Form 1040 tax return?
April 5th, 2024
Why is my refund for 2022 being held up? I already received my state refund, and my husband passed away on January 6, 2023, which is being scrutinized. I thought I had enough money being deducted.
May 14th, 2024
How should we handle our investment in a company within our LLC partnership for tax return purposes, given that there is no income and the investment may not be recoverable?
May 16th, 2024
I funded my Traditional IRA with after-tax money in January 2022 and converted it to a Roth IRA in March 2022. I received a 1099-R for 2022 with amounts in box 1 (gross distribution) and box 2a (taxable amount). I believe this conversion should be nontaxable. Why is there a taxable amount, and how should I report it on my 1040?
July 17th, 2024
My husband rolled over roughly $1500 from one 401k to another 401k. During the process, the check to the new 401k was lost in the mail. The 401k (Fidelity) issuing the check is putting a stop on the check and issuing a new one to T. Rowe Price (New 401k). However, our 1099R is making it look like we took the money out as 'income'. What options do we have to complete our tax return and not be penalized for this error?
June 1st, 2024