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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…
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 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.
After completing my entire tax return and getting to Free Tax USA's payment portal, it won't process my credit card transaction. Tried multiple cards, multiple browsers, and manual entry. After multiple service requests I was told to use a different tax software to complete my return. They will not issue a service code or…
My son was born in 10/2025. His ssn was issued in 2/2026 He was born outside the US, but i got his us passport already through US consular. He lives with me from He was born until now. Can I claim him as dependent through HOH to get CTC / ACTC of 2025 tax return? I already filed the extension. Many EA said I can claim him…
Hi Everyone! This is the first time I've used this platform to do my taxes and I've been fighting some glitches along the way. For example, how do load the previous year's taxes? I haven't been able to find where to do it & the system never gave me an option to do it when I started my taxes…PLS HELP!!!
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