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hello I forgot to mark down dependents as full time students. The irs website still showing processing. I received a check though is that what I am receiving instead of the full refund now..? How do I fix this to file they are full time students?
Hello, I’m a US citizen living in Mexico, filing jointly with a spouse who has no income. My only income is self-employment income from foreign clients, reported on Schedule C. I won’t be claiming Form 2555. Can I e-file with a Mexican mailing address (or a US address while living abroad)? Does Schedule C support business…
Hello, In recent years FreeTaxUSA was not able to attach Form 1116, the Foreign Tax Credit form, to my Federal Income Tax Return Form 1040. Namely, as per Form 1116 instructions, even though my foreign tax credit was related to interest from a CD in a foreign bank, since I do not receive a qualified payee statement from…
Hello, I am trying to get a clear answer on how Digital Rips Apps treat taxes. Here are the scenarios. Lets say you deposit $5000 and you buy and sell cards back to the platform. Your total volume is going to look very high because of the buying and selling. Let’s say you buy a pack for $500 and hit a card for $20k and…
I’m seeking guidance on whether paid clinical-study participation is Schedule 1 other income or Schedule C business income for 2026. I completed two studies in 2025 and four in 2026, earning approximately $63,000 in 2026. The four studies involved roughly 30 required visits—not 30 separate studies. Between studies, I took…
I am preparing a 2025 Married Filing Jointly federal return. My spouse was employed by Pakistan Television, a foreign employer, but lived and performed her employment duties physically in Washington, DC, during 2025. She received $6,838.70 in employment wages and had $1,323.30 in Pakistani income tax withheld. She did not…
Hello, I entered $0 for Form 8938 Part V, Line 23. The generated form leaves Line 23 blank. The IRS form instructions for 8938 expressly says to use/report zero. My previous accountant also reported "$0" in those cases. Does the e-file transmitted to the IRS preserve that value as zero? I would prefer to know for certain…
does paying the estimated tax at the time of the conversion avoid an underpayment penalty or does the estimated tax have to be paid equally over the course of the year?
Hi, I need help confirming whether I entered the correct cost basis for RSU and ESPP sales reported on my Fidelity 1099-B. Situation: On my 1099-B from Fidelity, I had two types of stock sales: Section 1: Long-term transactions reported to IRS (Box D checked) Two equities were sold: Equity X: Cost basis in 1099-B matched…
I am getting a red alert for a 1099-NEC. It is fine. I had to type it in by hand. I think the program is mad because I tried to upload the document and it could not read it, so it thinks there is an error. I cannot submit my return without resolving the issue.
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