Health

When to fill out Form 8962?

Advance payment of the premium tax credit (APTC). If APTC was paid for you or an individual in your tax family, you must file Form 8962 to reconcile (comp...

Read Journal

health

What is a c12 letter from IRS?

The IRS sent Letter 12C to inform you that additional information is needed to process the return filed. This letter is frequently used to reconcile payme...

Read Journal

health

Does a sole proprietor have a company registration number?

A sole proprietorship is unique because it’s the only business that doesn’t have to register with a state (with CIPC). All other business types – partners...

Read Journal

health

Are military spouses exempt from federal taxes?

So, if you meet the requirements of the Military Spouses Residency Relief Act, both your income and the military income earned by your spouse in the milit...

Read Journal

health

Do you have to pay taxes on virtual currency?

For assistance navigating relevant tax regulations, please contact a member of the Digital Currency and Blockchain Technology Services Group. If you did n...

Read Journal

health

What happens if you accidentally dont pay taxes?

If you still refrain from paying, the IRS obtains a legal claim to your property and assets (“lien”) and, after that, can even seize that property or garn...

Read Journal

health

How do I know if TurboTax got my refund?

When you access the “Where’s My Refund?” tool, you will see three separate boxes to enter your filing status, refund amount and Social Security number. Wh...

Read Journal

health

Can a person be a dependent of more than one taxpayer?

No, an individual may be a dependent of only one taxpayer for a tax year. You can claim a child as a dependent if he or she is your qualifying child. Gene...

Read Journal

health

Can you make an 83 B election on stock options?

confusion Note an 83(b) election is made on receipt of actual shares of stock. Technically, it cannot be made on the receipt of a stock option itself: ...

Read Journal

health

Can I still get a refund for 2017 tax return?

May 17, 2021 is the last day to file your original 2017 tax return to claim a refund. If you received an extension for the 2017 return then your deadline ...

Read Journal

Issue 1 Next →