arts
Why I Cannot e file my taxes?
To e-file your tax return, you’ll need to submit all your W-2 information electronically. Possible reasons for the rejection include reporting the wrong a...
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technology insights
How much can the IRS fine for lack of due diligence?
If you fail to comply with the due diligence requirements, the IRS can assess a $500 penalty (adjusted annually for inflation) against you and your employ...
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education
When do I need to use TurboTax prior year?
Terms and conditions may vary and are subject to change without notice. Tax Return Access: Included with all TurboTax Deluxe, Premier, Self-Employed, Turb...
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global news
Do you have to pay taxes on a house sold for 350, 000?
If you later sell the home for $350,000 you only pay capital gains taxes on the $50,000 difference between the sale price and your stepped-up basis. If yo...
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education
Can you gift money to a family member tax free?
The annual gift tax exclusion is $15,000 for the 2021 tax year. (It was the same for the 2020 tax year.) This is the amount of money that you can give as ...
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environment
How much damage does divorce do to kids?
Behavior Problems Children from divorced families may experience more externalizing problems, such as conduct disorders, delinquency, and impulsive behavi...
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local updates
What do you do when you get an IRS bill?
What to do if you owe the IRS Set up an installment agreement with the IRS. Taxpayers can set up IRS payment plans, called installment agreements. Request...
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local updates
Is an ex wife considered family legally?
Immediate Family Members means with respect to any individual, such individual’s child, stepchild, grandchild or more remote descendant, parent, stepparen...
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environment
Why is form 4562 not in my tax return?
Why form 4562 is not in the forms for my tax return when I already entered my rental property for depreciation? Form 4562 is not required to be included e...
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culture
What happens when an adult son or daughter dies?
This son or daughter may have become the focus of their lives, and the death leaves a huge void in the daily routine, which adds to their grief and feelin...
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