Are you guys redacting account numbers from 1099b forms you attach with e-filing for stock sale summaries - asking especially for 1099 composites have might be hundreds of pages long?
hey M18 Delhi, India here
So my girlfriend 19F, Canada has a spare gpu with her (rtx 4070) and wanted to give it to me since the prices of the gpu are so high. But now I'm wondering if I'll have to pay import taxes and bla bla even though it's a gift... bcs even paying 20% of that gpus price would be a lot of money for me. She said she'll pay for shipping as well and even insists on paying whatever they charge me for customs but I don't want that. Isn't there any way I dont have to pay so much even though it's a gift...
Please help I have single member LLC, DE, non US
What should I fill in here? 6a Name and address of ultimate indirect 25% foreign shareholder
What is the difference with 4a Name and address of direct 25% foreign shareholder where I put my name
Thank you all
Hi everyone! I’m filing on my own for the very first time and I’m scared I’ll do something wrong so I’ve been putting it off. I’d appreciate any guidance anyone can provide as I file through the
About me: Single 24 year old masters student working 2 jobs (1 retail and one at school) as well as getting Federal Work Study.
I do get MediCal and food stamps if any of that matters.
What tax form do I file?
What forms will I need (besides my W2) especially for my Federal Work Study?
What tax credits (like EITC) should I look to file?
Do’s and Donts?
Thank you so much in advance 🩵
My ex was arrested for CSA, he's being sentenced on the 14th. Then a second case will resume to trial.
That being said we have a custody case that says he gets to claim her. He hasn't filed taxes yet and I don't even know if he will get the chance to being in prison and all.
If I don't claim my daughter I owe $500 in federal taxes, but if I do claim her I get $2k back. Mind you I've had sole physical and legal custody for years and have been her sole provider.
I can't really afford to pay $500 in taxes and that $2k refund would help me put her in daycare when she's out of school for the summer so that I can still work.
I know legally he gets to claim her, but will there be any consequences if he does not claim her and I do?
father in law has a savings account (which my wife is on) and wants to write us a check to place in her account to help with vehicle purchase.
do we still need to worry about declaring a gift if the amount is over 19k or because she is on the account the irs treats it as her money transfering from her account to another?
Hello all. Over the last couple of months my SaaS been expanding geographically, so to accommodate the increase in capacity, I've purchased some physical servers, which I now need to transport from Poland to Italy. This is all very expensive, not least due to taxes and the current global situation, and I looking for legal ways to save money.
Can I count on the option of partial VAT return to put towards future budgets, or is this option too uncertain to rely on? I am a US resident, if that matters. This is the first time I have ever shipped anything to Europe.
How are you currently handling international tax compliance in 2026? Are you using any tools or tax filing services to make this easier? Or is it better to outsource it to an accountant? Or does it make sense to do everything yourself?
Tips would be much appreciated!
I’m using a throwaway account instead of my main for obvious reasons.
My boyfriend and I lived together for all of 2025 and had a baby together during the year. I am currently a stay at home mom and have no income. He went to the accountant by himself to do taxes, and asked the accountant if there is a way to include me as a dependent. I was okay with that, if there’s a legal way to do it.
Anyway, accountant did the return as married filing jointly. Of course there was a huge refund from doing this. My boyfriend forged my signature at the accountant’s office. I only learned about all of this from finding a copy of the return sitting around in the house.
I feel like my identity has been used to commit tax fraud. He keeps saying there is nothing to worry about. He even called the accountant who said “don’t worry the IRS doesn’t have any access to marriage records.” I think that’s just dumb advice because it’s very easy for them to audit us and then ask for proof of marriage which we obviously don’t have.
Does anyone know what my potential liability is here? What would you do in this situation? Is there a way to anonymously report this so I can set the record straight without imploding my relationship with my son’s father?
which is the best software to use to update and file tax for my small business?
Putting this as simply as I can and would greatly appreciate any advice. I had healthcare marketplace from Jan-May and got a tax credit. Trying to lower the amount I owe back. My total premium for those 5 months was $1639.55, I got a $300 tax credit per month so I only paid $139.55 in total. Yikes.
Using freetaxusa.
I moved from OH to IL mid last year so dealing with multi state filing.
Income Breakdown:
A- Job 1: (Serving) Wages Tips & Comp: $7134.73
Social Security Tips: $5750.42
B- Job 2: $61,962.87
C- HYSA Interest Earned: $191.84
D- Instacart I did for like a month $702.24
Deductions:
E- Social Security Tips (?) - $5750.42
F- Mileage from Instacart (x.70) - $178.29
G- Overtime Wages (/3) - $269.82
H- Interest Paid on Student Loans - $774.12
Total MAGI: $63,019
This means I am only $419 away from being below 400% of the national poverty level, which caps my repayment on my tax credit. I was advised to open a Traditional IRA and contribute this amount for 2025. I will probably do a bit more than that just so I have a bit of wiggle room, but i really want to optimize my return and dont want to have to owe all of my tax credit back. Any corrections or advice would be greatly appreciated.
Hi! Does anyone know how long it usually takes for a tax refund to hit your bank account after it’s been approved?”
How is anyone affording property tax hikes? No wage increase, but literally everything else is significantly more expensive. How are we supposed to survive right now? And what is our government even doing for us?
In 2023 i filed my taxes but never received them. I called and checked the website and all they would say is that I would need to wait for it be updated on my account with the day that it will be available but that never changed it always said the same thing. Something like “still being processed”
That’s being said I didn’t do my taxes again since then. My friend stated that I would have to download the previous years tax systems to do them myself. But when I look it up it’s all kind of confusing. Can someone help me understand what I actually need to do to file my taxes? I have all my w2s and the forms you get from being in college as well.