My refund was accepted by the IRS, but I know there is an error on it because I received my 2nd stimulus check after I had already filed my taxes electronically. I believe this error is causing a delay in processing my taxes. What can I do to resolve it, and should I file an amended return now, or will that just prolong the process further?

December 16th, 2024

I am completing Form 709. I made a $25K cash gift to my daughter. I completed Schedule A, Parts 1 and 4 and have carried over $10K to Part 2, Line 1. It looks like I owe $1800, but I have not yet entered anything in Line 7. What goes here so that the tax liability is deferred?

May 26th, 2024

Where's my Economic Impact Payment? I am 84 years old, located in Wayne, NJ, single, and made $39,000 this year. I have no dependents.

January 27th, 2024

I recently created a PayPal account and had my tax refund sent to it. I don't have an actual bank account but a prepaid Pay Paul card. How do I transfer money or get it out?

December 23rd, 2024

I am using the TurboTax Business version for the first time and need help with asset depreciation schedules. Specifically, I am trying to match my previous years' calculations, where an asset was depreciated using the General Depreciation System, HY, 200DB. However, TurboTax does not list General Depreciation System as a valid depreciation type and keeps selecting MACRS, which shows the asset's depreciation under MACRS on Form 4562, unlike my previous year's return. How can I manipulate the asset worksheets in TurboTax to match my previous calculations?

February 6th, 2024