I have a tax balance due of $4,342 with the IRS and made an installment agreement for $70 per month starting April 11. However, the IRS did not debit my account for the May 11 payment. I made another installment agreement for $200 on Friday. Will there be any penalties if I pay off the remaining balance before 180 days? Additionally, why do I owe taxes to the state of Pennsylvania every time I file, and how can I adjust my W2 withholdings to avoid this? Lastly, if I file my federal taxes through TurboTax, do I still need to file local taxes separately?

March 1st, 2023

I was advised by social security to inform you that I do not want my social security check affected at this time. I was born in 1948 and am retired. My primary sources of income are teacher retirement and social security. Is there anything else the accountant should know before connecting me?

November 14th, 2023

I have been waiting on my tax refund since March and have no idea of what's going on. I am 39 years old, single, with no dependents, and my expected refund amount was $613.00. What should I do to track my refund status and what could be causing the delay?

August 1st, 2023

NC state sent a letter demanding other state filings, federal filings, all W2s, 1099s, and K1 state unemployment. All were filed by Tax Act and checked before filing. Why should I provide this information when they should be able to see it by checking with other documents and agencies? Is it necessary to provide all this information, and what about self-incrimination?

August 8th, 2024

If I set up a separate entity for crypto trading and purchase new Bitcoin under that entity at the current price, would the cost basis for any sold Bitcoin be the price from my previous Bitcoin purchases, or would it be the current purchase price under the new entity?

April 24th, 2024