I have already submitted my 2021 tax form and been charged $904.00 in taxes owed. I paid $4000.00 in estimated taxes to the IRS during 2021 but did not include this information on line 26 of my 2040-SR. What should I do now?

December 1st, 2024

A taxpayer takes a distribution of $40,000 from his 529 account to pay for his college tuition. Of the $40,000, $15,000 is earnings and $25,000 is basis. The taxpayer's Form 1098-T shows tuition payments of $30,000 in block 1. The additional $10,000 distributed was for on-campus room and board. Is a portion of the $15,000 of earnings taxable?

May 2nd, 2024

How do I fill out an employer's quarterly tax and wage report (DOL 4N form) for Georgia, specifically addressing lines 1 through 9?

August 21st, 2023

I received a letter stating that I did not cash my refund check for my 2020 tax return. I did not receive the check and was told the IRS sent a $600.00 refund check. My name is Karen Milligan, SSN ***-**-****, and my address is 2178 White Oak Ln, Rosebud, MO 63091. What should I do about this issue?

September 20th, 2023

I want to organize an anonymous LLC in New Mexico or Delaware for a phone and online consulting business, and for selling e-download information. I have a business address in NY, my personal residence is in PA, and I want to file to be taxed as an S-Corp. Under this setup, would I have to qualify as a Foreign Business in PA or NY, and how would my tax obligations be affected if I organize the LLC in New Mexico or Delaware?

June 27th, 2024