My vehicle is not depreciated as I take the standard mileage deduction for my llc. Therefore the vehicle value on the balance sheet is too high. How can I adjust this in my books?
I put wrong informationn or free tax did about where to deposit money into
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…
Question about my state income tax
So, I filed my 2025 SC tax return and get an immediate Dept of Revenue adjustment for more SC taxable income of $1500 due to SC not conforming its tax laws to agree with Trump's OBBB and the federal standard deduction being reduced from $31,500 to $30,000. Now in July, 5 months later, I get another audit adjustment for the…
Hello everyone, I acquired a house in 2009 in Vietnam and immigrated to the USA for the first time in 2015. Now in 2024, I want to sell that house and transfer the money to the USA. I have a couple of questions that I need help with: 1. Do I need to pay US taxes for that sale (the Vietnam tax for that sale is 2% of the…
I have gone through the entering of my K-1 (I sold the company last year) and after entering the information Freetax gives me this screen which confuses the heck out of me. I try to post the screen but it keeps coming up "Permission problem" The two messages are You have a capital gain you need to report on your tax return…
My federal return was accepted, but my New York return keeps getting rejected for: “NYC Withholding Doesn't Match Form W-2…” The instructions say to go back to the W-2 and verify Box 19 / Box 20. However, my W-2 is locked because the federal has already been accepted. When I try to amend, the program tells me I can’t amend…
in 2024 we used another tax provider. I neglected to add the traditional and Roth IRA contribution as I don’t have employer contributions. We paid over $8000 in taxes but neglected to claim my IRA contributions. The other tax program I paid for did not catch this possible error. I paid in $3900 to Roth and $3900 to…
I started filling out my first 1099, and I took too long to answer so it signed me out and deleted everything. Now it wants me to start over. Trash.
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