Hi! Have not yet paid any quarterly taxes for 2025 and am looking at how to lower the underpayment penalty. For Q1-Q3, my income was around $40,000. For Q4, my income was $30,000. Would like to pay the quarterly tax for Q4 before the January 15th deadline and minimize the underpayment penalty for the year. Does freetax…
How do I handle multiple 1099-b forms? Do I total all the proceeds and cost basis' and enter each total sum?
I filed my taxes a few weeks ago and I have not gotten any updates. Where is my tax refund?
This past year Monopoly and McDonalds had there giveaway where they did cash and other prizes. Sadly didn't win any cash prize, but I did come away with a haul of non-cash prizes. I'm curious what threshold there is for having to claim any of this as income and what anybody would use to determine value.
I'm having a heck of a time getting a definitive answer on the matter described below. My spendthrift daughter inherited some money from an aunt. I convinced her to buy a 10-year-certain immediate annuity that will pay out monthly for 120 months. The immediate annuity was purchased with after-tax dollars (making it…
Hi, everyone. My question is whether an erroneous store refund is taxable income. In two unrelated instances, I returned merchandise that I had purchased, and I received a refund for more than I had paid. The first time, I bought something on sale and when I returned it, the store mistakenly refunded me the full price. The…
Hi, everyone. I have a question about what qualifies as business income. During the tax year in question, I translated written materials for a nonprofit organization approximately a dozen times. For one of my assignments, I was offered and I accepted financial compensation. How should this income be reflected on my tax…
This is a weird situation, maybe someone can help. My husband's employer took out pre-tax state pension contributions at the wrong rate for the last few years. This was a mistake on their part. These were mandatory contributions, the pension contribution rate is statutory and not chosen by the employee. They took out more…
This is my first year driving door dash. I made 300$ and never received a tax form. Wondering where in the software I would report this?
I'm wondering where I report income for a rental property that I have?
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