How do I know if the IRS received my paper taxes? Find out if Your Tax Return Was Submitted Using the IRS Where’s My Refund tool. Viewing your IRS account information. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.) Looking for emails or status updates from your e-filing […]
What if my child received a w2?
What if my child received a w2? Your son can file his own tax return and receive a refund of the taxes withheld or balance owed. You can still claim your son as a dependent under the Qualifying Child rules. What if I already filed my taxes and got another w2? Regarding filing an amended […]
Can PPP be used for single member LLC?
Can PPP be used for single member LLC? As an owner of an LLC, this is the full amount of your net profit, not your owner draws. If you are the sole owner of a business taxed as an LLC, your salary for your PPP application should be the full amount of your business’ net […]
Can you file jointly if not married in New York?
Can you file jointly if not married in New York? In addition, joint filers are eligible to take a standard deduction that’s double that of a single taxpayer. However, since the IRS only allows a couple to file a joint tax return if the state they reside in recognizes the relationship as a legal marriage; […]
Do self-employed fill out Schedule C?
Do self-employed fill out Schedule C? Independent contractors report their income on Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship). Also file Schedule SE (Form 1040), Self-Employment Tax if net earnings from self-employment are $400 or more. Can I pay myself on Schedule C? In other words, after you’ve deducted business expenses […]
How do I report Roth IRA withdrawal on tax return?
How do I report Roth IRA withdrawal on tax return? Keep these records even though you don’t report your Roth contributions on your return. When you withdraw money from your Roth IRA, you must report it on Form 8606, Nondeductible IRAs. This form helps you track your basis in regular Roth contributions and conversions. It […]