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…
Filing an amended return for 2025 - entered the K-1 estate form. Only box 11 and itemized list is filled out on the form as the estate was a loss. Does the software automatically calculate the carryover loss when I file 2026 & 2027?
I'm new here, always had a CPA do my returns, but I've sold the business, retired and I think I can probably do this myself now. Is doing a practice return beneficial in any way?
Hello, I am a tax preparer and use my business email for my clients. Recently, I have not been receiving the code to log into their accounts. I have been using the email for years so it not misspelled. This is a huge problem. Can someone please explain why? Even better, can someone help me resolve this issue?
would like to know when softwaRE WILL BE AVAILABLE TO START FILING 2026 TAXES?
I have received multiple K-1s, each of has entries in Boxes 1, 2, and 3, and more than 3 codes for Boxes 11 and 13, so that I need to enter 3*N forms. I get many warnings telling me that I need to (re)enter some numbers manually in other forms. The problem I have (besides the cumbersomeness of the whole process) is that…
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…
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