I received two 1099-R forms from different companies for the same amount of approximately $19,000, resulting in being taxed for $38,000 instead of $19,000. I retired from General Electric Healthcare in 2020 and had a pension plan through them. In 2023, GE Healthcare transferred my retirement account balance to me, and I attempted to roll it over into a traditional IRA. However, due to the minimum amount required to open an IRA annuity, I had to cancel the annuity and received a refund with federal tax withheld. Now, I am taxed for both the original amount and the annuity amount. How can I avoid being taxed for both amounts on my federal income tax form?

January 22nd, 2024

Is it true that we don’t have to pay taxes on our Social Security income in NY state as of 2024?

October 29th, 2023

As an F1 student and non-resident alien, I am currently doing an internship at a company with CPT authorization, being paid as a 1099 independent contractor without any withholdings. How should I pay my taxes, quarterly or yearly?

October 7th, 2024

I did not receive my 2023 SSA-1099 Social Security benefit statement. How can I get it for my income tax return?

February 11th, 2024

I owe the IRS $1,981.66 for the year 2020, which seems to correspond to the amount of two stimulus checks I received. I don't understand why I owe this amount, as the stimulus checks were not considered taxable income. What could be the reason for this discrepancy, and what steps should I take to resolve it?

January 9th, 2023