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Posting this under General, because there is no category for Taxes. For the above form and line, the IRS instructions state, "Include state, local, and foreign income taxes you paid for the tax year that are attributable to NII. Include also state, local, and foreign real property taxes paid for the tax year, as well as…
FreeTaxUSA doubled my withholding in its calculations. Since I owe no taxes my refund is also doubled. I completed but didn't submit the return. Can I manually correct the FreeTaxUSA calculation and correct the error before submitting?
Should we keep our rental home in our name or transfer the title to our LLC for tax purposes? We area a husband & wife partnership. My husband works full time and I do not. We file our taxes jointly and are on the title jointly.
I have started to receive social security payments and want to know how much I should have the Social Security Administration to take out of my check so that I will not be penalized for the 2026 tax season. Payments began August 2626. I was told by the administration anything $25,000 and above need to be taxed. What…
I have an s-corp. I am sole owner. The s-corp's only asset is a commerial office building. basis in the building is $486,000. I have $267,000 of depreciation over the years that was sritten off each year since 2002. I am selling the building next month for $575,000. $50,000 down and holding a note for 20 years @ 5% for…
There was a State Farm lawsuit. They are now distributing dividend payouts. Are these payouts taxable or not?
My salary changes every year due to overtime and hours and I end up owing the IRS money every year. How do I fix this? Thank you!
Hello, I recently hit on a machine for $2668. I had to give my ID and Social to receive my money, but I also was given a 1099 form. Come tax time, I was wondering about how much it will take from my total return when I file. I’m in Nebraska and my yearly annual income won’t exceed 24k or 25k this year
I have about 17000 tax debt from mistakes when my company switched us to a 1080/sub contractor payments instead of payroll. I've gotten a letter final notice intent to seize property or the rights to own property from the IRS. We have made payments sporadically but due to health issues injuries I haven't kept up. I am…
Recently I have been to a couple of sites where they allow you to do an estimated tax for the upcoming year. For example, if this is 2025, they have a tax calculator that allows you to do an estimated tax return for 2026 using the latest tax tables (as they are released) and any new tax laws that have come out (e.g., the…
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