Tax issues reddit. I’ll probably never sell.

Tax issues reddit. I am wondering if anyone else is experiencing the same? I will add it has been through the balancing account Single_Science2276 Tax payers have moral issues : FM says 2 Add a Comment Be the first to comment Nobody's responded to this post yet. I just woke up to a text saying my state and federal were rejected due to my 2019 AGI not matching the amount I recently typed into my 2020 return. I think the issue is that my employer didn’t turn tax info into the state? He’s pretty disorganized so it tracks. Good luck, I was able to file my taxes today, looking forward to a 20k return! I made a mistake on taxes this year for 2021 and had to send an amended return which will likely result in a big bill for me. No judgement. . The Live-Assisted representative could not figure out how to file for my tax credit and needed to research the We recently experienced an issue with our DIY downloadable software on April 14th and April 15th that may have delayed you from e-filing your tax return when you initially tried to submit it. The tax prep software will generate the Schedule C, populate it with your wife's information, and calculate the self-employment tax. I transmitted my taxes through TT on Jan 31, 2021. u/IRS_Tax_IssueSo, my father has been the sole owner/operator of his pest control business for around 25 years now, since his father passed and he took over it. The IRS is experiencing significant and extended delays in processing - everything. I filed through TurboTax and they are telling me I got rejected due to a Premium Tax Credit? And that I need to attach a 1095-A form? I have health insurance through my employer and even in 2020 and I did not having issues So either I'm gonna get audited for sure or the wealthsimple tax app is way too easy. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. As a valued H&R Block client, we want to assure you this was an issue we take seriously, and we apologize for any inconvenience you may have experienced. My accountant handles the tax issues for me. I'll come back and update how it all plays out soon. I've always made sure to keep it low so I can have taxes taken out appropriately in order for me to not have to pay at So, this year I was doing my taxes and something super weird happened when I imported my brokerage account 1099 forms. Does anyone have clarity on what is happening for US federal taxes in 2026? If your issue is something that the advocate can't expedite, they are supposed to give you regular updates about the processing of your tax return, like once a month. Sure enough, the number that I recently A community for Redditors who are tax professionals to discuss professional development, firm procedures, news, policy, software, AICPA/IRS changes, news/updates about law relating to any tax - U. On checking the tax residency screen, my tax number is up to date for Spain (where I live, and where I am tax resident) However, I noticed there's also an entry for UK which says "NI number I’ve always used Simpletax before, which is now wealthsimple tax. I'm looking to start working in the family business too, and eventually take over myself. The main takeaway here: Reach out to your local congressman (senator or representative) – it can make a difference! Last week, I contacted mine, and their office has been collaborating with the Taxpayer Advocate Service on my A tax lawyer is to deal with complex issues where you believe you have been assessed incorrectly based on the income tax act. It's a local install and we have phenomenal hardware with no freeze ups other than Ultratax. No notices form IRS and I will be starting the in-depth tax program this fall. Turbo Tax has finally gotten the update to work! I needed to login using Incognito mode in order for it to show up as 'Needing Review'. Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. It is bullcrap that they can’t at least say “yes, your Hi, so i lodged my return on the 2nd but this year i have received no estimated issue date or estimated notice of assessment date, whatver it is. Hi there. After redoing my return using a different tax software, none of the above issues were encountered and amount owing was much lower and in keeping with my expectation. I was filing my taxes today and saw that my current employer withheld taxes in IN, even though the entire time I’ve been working this job I’ve been an Ohio resident. This didn't make sense to me considering before the new rule of not being able to claim 0 I claimed zero, now I claim 1 Or so I thought. I do mostly SALT work and really enjoy it. You've got one tax code and one administrator. I’ve used turbo tax to e file for years and will embarrassingly say I don’t give it much thought I just do what it tells me. If you been using ATX tax software like I did for years, you'll absolutely hate Drake software. Turbo Tax Issue with 1099-MISC. That's caused me to consider Studiotax but it appears to be less user friendly, for those that have used it how easy of a process is it? If its not too bad I'd probably be willing to pay the $15 for I know this is a consistent issue with Ultratax, but it seems a little worst this year. The good news is that I have a handful of high net worth clients with foreign or multi state issues that I wanted to blow my brains out. For most of us, 31st July is the due date for Income Tax Return (ITR) filing. She said it hasn’t processed through the system, and they won’t be able to tell me anything until it’s been 8-12 weeks. In SALT, you've got 51 tax codes at the state level Does anyone have experience with filing the rental income forms using Wealthsimple Tax (T776 & TP-128)? I am in Quebec, so I also need to do the TP-128. REG International Tax Issues For anyone who has taken REG, are international tax issues heavily tested on the exam or can I just take an L on them? (Module R5 M6 on Becker) I'm trying to study them, but feel like this lecture is a jam-packed one off topic that I am unlikely to see more than a couple of multiple choice questions on Lastly, There's a lot of rumors and incorrect information about tax brackets and changes to the tax code being bandied about in the comments on multiple posts. State Tax Filing Issues I moved to Ohio this summer from Indiana for a new job. I have read that some people can see the eta date on the ato app but my iphone is a bit old and the app doesnt support it. gov website to work this out. Long story short I'm a 25 year old male who claims single-independent on my taxes. I filed through TT last year (and every year since I was 17, 27 now) so I was easily able to download my 2019 return to check. I can say that tax law is truly an incredibly fun and intellectually engaging field. Don't The issue in my view is not the property taxes, it is the unaffordability. I’ve never not been able to get my IL state tax accepted it FreeTaxUSa needs to create a Schedule C, which is simply a form that will be attached to your 1040 reporting your wife's self-employment income. It comes from a supplemental pension and It is not paid out of the company’s pension plan, so they don’t put it Scroll down and you should see that your 2023 tax documents (fed and state) are pending with today's date, meaning tht TurboTax sent your documents today. Considering getting Ultra Tax package with 100 returns just for the more complex returns. I find international tax work really interesting and would enjoy it as a career. The numbers on property taxes might look better, but quality of life and community strength in the city will look the same. I think it is because the site thinks i'm one username but I'm trying to log into another. Saved me from having to get a lawyer at least. So, why the heck was I suddenly paying more tax? I dug into the nitty-gritty in Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. S. Posting this for others looking for advice/help about filing their taxes with Chime Bank (Column Tax). I was just going to print out my W-2 & the schedule W & mail it in as requested, I’m just annoyed that I have to do it at all. 6K comments. I called Montgomery to try to confirm they had at least received the paperwork (I realize “processing” takes time). Feel angry at Taxact for the lost opportunity. So I’m obviously not a fan of taxes, but I know they’re somewhat necessary, but why not just tax everything we buy at a slightly higher percentage and get rid of income tax all together? Tax firms that make most of their money preparing income tax return, especially the big ones like H&R Block, Intuit (makers of the popular Turbo tax programs) and other have lobbied hard against bills authorizing the IRS to automatically prepare returns for taxpayers for free. Very good interface, easy to use, never had any concerns with it. This happens to me all the time only because I had separate accounts for the NYSED and the Tax site before they merged everything together. But if you only have access to RIA, that should be very helpful. I've been trying to call and sort out this issue but it's been difficult since they're only open M-F, 8:30-4:30pm, and as a high school teacher I am very rarely free to call (and possibly sit on hold forever) during this exact time window. trueJust wanted to start a thread where we all list off who we filed with, the date we filed, the date we got accepted, and the date the return came through! Maybe it will help me stop obsessively refreshing the Where’s My Refund page - but doubt it ;) Share Add a Comment Sort by: Best Open comment sort options Best Top New Controversial Old Q&A I just contacted them through chat and they said there's no way to change the tax lots and that my account is calculated correctly. My only complaint is that they now have access to your data, while before your password was the encryption key and nobody else would have access to it. Very frustrated that the screens never showed me the option to put $5K of refund into i-bonds, now that opportunity is lost forever. In order to find out how to file this credit, I had to upgrade to Live-Assisted. It’s recently come to my attention that a handful of my tax-exempt clients don’t invoice their Sent 2/8, accepted 2/11. I'm already a Wealthsimple client and want to use Wealthsimple tax but I do have some reservations about our information being in the cloud. I would really appreciate if you could share your experience with the program in terms of time commitment, learning outcomes and exit opportunities, etc. You won’t be able to fix the issue, because the issue is that either Ohio hasn’t finalized their forms yet or that the finalized forms have been completed and finalized by H&R Block’s software. I have a lot of t5008s, a rental property, a small business and multiple other tax docs but it was pretty quick. ), it is all blank. Honestly, international tax is the only area of tax I am interested in. Last night I was looking over my paystubs and I noticed that federal income tax was only taking $7-$10. The problem is the accounting firm never notified me that my taxes were ready to review and sign off on. My return was pretty simple & straitforward. They indicated theres a system issue on their end and it may take up to 10 weeks from the day it was accepted for processing. Do you know your income tax rate? Or are you mistakenly thinking the percentage breakdown of the distribution listed in the 19a-1 of Ordinary Income and Return of Capital are your tax rates? 156 votes, 924 comments. My family qualifies for a tax credit due to energy updates to our home during 2023. To do that, you almost always have to work for an extremely large firm. They are also audit happy on returns that are part year, due to declining tax dollars. My mother-in-law receives this monthly payment every year but she is 91 and doesn’t work for it. I can't stand the lack of copy/paste using the alt key and it's really irritating trying to find specific tax pages without getting out of data and going Get ahead of the issue, because you will be asked about it. trueI've stumbled upon something rather significant in the WS tax software that I believe needs wider attention. Very few small shops have the quantity of work with a those sort of tax implications to have any real full time tax experts. About a month ago I got a notification in the Revolut app that I need to update my tax info. There werent nearly as many tips/prompts as turbo tax which I've always done with a family member in the past but my refund was substantial. I think there is some sort of state issue if you have been recently logged in. I am at a big 4 tax group (been here for less than 2 years) with plans to eventually specialize in international tax. Really fed up with their mickey mouse investing website and planning to move my account over to a new Stupid H and R block made me mail in my state tax return, and so I did about 3 weeks ago. In public accounting, your federal tax matters will mostly be concerned with income and payroll taxes and maybe some estate/gift tax. It's an area of tax that most sane people try to avoid because of the breadth of issues it brings. When talking about it with friends, it seems that many of them have also dealt with tax issues and IRS letters. You can also request an extension but an extension to file is not an extension to pay. I am planning on reaching out to a professional accountant in the coming days but would like to have a little bit of knowledge before having a conversation with them. Finally (long overdue) moving off Turbotax this year. Thoughts on H&R Block Tax Academy? Has anyone here recently completed the H&R Block Tax Academy: Fundamentals of Income Tax course? I'm looking to sign up for one of the online classes starting in the next couple weeks to increase my overall knowledge, but wanted to see how others found it first. It has been 5 weeks since e-filing and this is the first year I am claiming these credits. Hey ya'll. They say you need to be completely tax compliant but as long as you aren’t in the same position as many of the delinquent taxpayers then you should be okay. I’m a B2B custom manufacturer, so I do not charge sales tax on resale items for all clients who submit the appropriate resale exemption paperwork. At first I'll continue to work my normal job as I build a customer base, and then quit and work it exclusively when it becomes enough to You might have luck working through the Taxpayer Advocate: https://taxpayeradvocate. I went ahead and filed through Chime with the Column Tax and wasn't charged anything, so here's hoping it's truly free and accepted. I use Ultra tax which has loads of issues but I find it light years better than everything else I’ve tried. I contacted them by email and they confirmed that they had not yet If you need help with a tax issue that you can't resolve with the IRS, you can contact the Taxpayer Advocate Service for help. If this is a proper assessment (s) then you want to see a Licensed Insolvency Trustee if you can't handle a payment plan with CRA. Just getting a letter from the IRS doesn't mean you are being Has anyone else been waiting what seems like an unusually long time to get their refund for the 2023 tax year? Filed taxes February 7, 2024 with tax credits like EITC and child tax. Add your thoughts and get the conversation going. MembersOnline • somedumbretard666 ADMIN MOD Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Targeting the taxes instead of the broader inequality is what kicks the can down the road. They are trained to know your rights as a taxpayer, and also IRS 184 votes, 72 comments. That being said, the majority of the high level planning work happens with federal income tax issues. On Feb. Not a big enough disadvantage to make me miss the solid investment opportunity. You should see PENDING in a gray bar with the file submission date of 04/15/2023. I actually felt like I might have missed things have used tax act for years and mostly happy with it in the past. For those navigating the waters of filing taxes with an FHSA account through WS, there's a hiccup you Hey r/ADP I have an issue. Now I have to try both logins until it lets one through. 5 I attempted to file my taxes. In general, tax lawyers do research into the legal issues, figure out the structure of the deal, give any required tax opinions, and draft the tax portions of the contract. Like, right after I imported them, my Federal return tanked from over $1300 to just 12 bucks! And get this – I actually had a capital loss this year, like, a big one, around 6 grand. After my w2 information was imported from ADP TurboTax calculated my refund amount to be $2376 (FAR LESS than I EVER get on my tax return). 2) Area B and Area C do not include details of the additions as provided, it just shows the total additions $ 248 votes, 2. dc. ny. Only a few days are left to go, and if you're what are your thoughts on UK's tax system? do you resent the relatively exorbitant tax rate or do you believe that you get your money's worth? if so, why do you feel that way? Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. My mother (still married to my father) is about to wire transfer $35k to my checking later today. There was no place in the tax credits section to file for this tax credit. One of the biggest things is the impact of the 2017 tax bill on this years tax I filed with Turbo Tax & I got this, too. My issue is with how NY views source income with Covid/WFH. Illinois state tax issue So I’ve been employed since after high school class of 2015. I’ll probably never sell. I tried to find some info online and found a mix of articles stating neither of us will have to pay gift tax, while other articles are stating married couples can gift up to $30k annually without having to report Are tax issues really coming up that often for you? I assume as a corporate associate your interaction with tax law is limited to identifying a tax issue, and then emailing someone like me to review. I’ve received my state refund February 16, 2024 but am still waiting for the federal return. Because of this, I've been trying to get online to the tax. and International, Federal, State, or local. Anyone with same issue and/or told the same? Also, after that, did you receive refund and if so, when? Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. Unfortunately this is not my first time Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. I like Distributions classified as Ordinary Income are taxed at your income tax rate. Don't post questions related to that here, please. I didn't receive some 1099s and misunderstood how things work. Nothing since then. I am wondering if anyone has used FreeTaxUSA and had a bad experience or any issues and would be willing to share? I don’t get I did everything correctly on turbo tax and was waiting forever to get my state tax return I received my federal and after months of waiting they are asking me for my w-2s and IT SAYS IT CAN TALE UP TO 90 DAYS TO REVIEW AND PROCESS!?! At this rate I won’t see my return till August! This is absurd. Others say tax prep software like TurboTax is up to the task. This just means that the documents have been filed and you are waiting for an ACCEPTED green bar to show. Whether it is Income Tax or GST, this community is here to help. But Drake will handle majority of your clients r/IndiaTax: A subreddit for all tax related queries and discussion in India. Firstly for the T776: 1) Area A is not being populated by the information entered (Class #, additions, etc. gov/ They've helped me with similar issues and the office exists to help you navigate the maze that is the Office of Tax and Revenue. Curious what others have experienced and how they dealt with it. This past tax season was pretty awful though with so many errors I’m starting to rethink that. Let me start with a bit of backstory to my situation. First, an audit has a specific meaning, wherein the IRS asks for details, looking more deeply into your financial situation and records to validate what you filed in your tax return. I find financial planning and analyzing interesting as well. It's not hard to understand why the are so against it. Hi sub, thought it was worth asking this here in case anyone has any creative ideas for a fix. Keep in mind the service was just created in 2021 and is an API so I'm posting my experience Tonight, I began to prepare my 2021 tax return with the expectation that, at the very, very least I will recoup the 4 advanced child tax credit payments that I didn’t receive. Big For those of you who worked in big 4 Tax where did you exit too? Post big 4 raise? Work life? Was big 4 worth the sacrifice? I applied for a job and while they were doing my background check they told me I had an issue and $ due from my 2020 taxes , i had no idea! - found out it was from unemployment when covid hit. You'll then be able to finalize and file your return. So overall, would going into tax law fulfill my desire to learn more about the tax field policy-wise and help people with more comprehensive tax issues? A wealth tax sounded good when I first heard about it. spoke to IRS today as it’s over 21 days. MembersOnline • cwfgarza ADMIN MOD A subreddit for all tax related queries and discussion in India. Has anyone ever found any tricks to make the freeze ups happen a little less? (For example, it used to take a long time to open the program, but I found if you disable the home page from automatically loading I think that the Intelliconnect Tax Research Consultant component (federal tax-federal tax editorial content-tax research consultant) is really helpful if you don't know where to start. Hello, I am posting this as I am seeking some advice on a situation I am currently having with CRA and my 2022 tax return. Tax portions of purchase agreement, draft llc/partnership agreements, structure transactions, potentially help with tax due diligence, legal research for specific nuanced issues in your deal, draft corporate documents occasionally since a tax team can be leading the transaction from a structuring perspective, and various other tasks Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. But as I looked at the issue more closely, I realized it's one of those compelling solutions that is simple, obvious, and wrong. The only thing is that I heard that the tax law field is pretty hard to break into, and I’m also pretty leery of getting a LLM, considering it’s essentially an extra year of tuition. So file, make a payment and Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. Hi everyone, I appreciate any advice you may have for me. I never deal with the end user (my client’s clients), and all billing is emailed directly to our clients with an option for online payment. 2023 filing was more difficult than usual (self-employed version, rental house sale). Question? Turbo Tax is forcing schedule C when the income is for a supplemental pension. auityp nqlbf nkcsnk mtwbth qcniy mlpvc tuly tonxa mnc xap