technology insights
Does a 19 year old dependent need to file taxes?
Your child is under age 19 (or under age 24 if a he or she is a student) at the end of the Tax Year. Your child is required to file a tax return unless yo...
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Technology Insights
technology insights
Is there a stimulus for buying a car?
The stimulus check is a great down payment to purchase a used car. This additional income allows you to purchase a used car that may be two-three years ol...
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technology insights
Does TurboTax have tax advisors?
TurboTax Live offers real tax experts and CPAs to help with your taxes—or even do them for you. You can get a final review of your tax return before you f...
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technology insights
Are F-1 students nonresident aliens?
In general: F and J student visa holders are considered non-resident aliens during their first five calendar years in the U.S. H-1, TN and O-1 visa holder...
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technology insights
When was the last time I received my tax refund?
My taxes was filed 3 months ago in accepted it what is it still in processing have not heard nothing May 7, 2020 9:53 AM The IRS issues more than 9 out of...
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What is the penalty for not issuing a 1099-INT?
If a business fails to issue a form by the 1099-NEC or 1099-MISC deadline, the penalty varies from $50 to $270 per form, depending on how long past the de...
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technology insights
What is attempt in transcript?
ATTEMPT HOURS: Refers to any course appearing on the transcript with a letter grade (including a W or an I). This number is important because some financi...
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What is the maximum deduction for SEP IRA?
Contributions an employer can make to an employee’s SEP-IRA cannot exceed the lesser of: 25% of the employee’s compensation, or. $57,000 for 2020 and $58,...
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technology insights
Does 1040nr need to file FBAR?
The short answer to your question would be no, you do not need to file an FBAR form (for 2015), if you are a nonresident alien (foreign citizen) who lived...
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technology insights
What are three common taxes everyone pays?
“Generally, three types of taxes will show up on a worker’s pay stub: federal income taxes, payroll taxes (Social Security and Medicare), and state income...
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