Is the IRS still using the e file pin?
After the April filing deadline, the IRS announced it was closing its e-filing PIN service in June 2016. While shuttering the e-file PIN program means you...
Category: Updates
How to ask a question about applying for settled status?
Use this form to ask a question about applying for settled status under the EU Settlement Scheme. We’ll reply within 5 working days. You may find the answ...
When did my federal tax return get rejected?
February 17, 2021 8:05 AM Federal Tax return electronic filing rejected – now what? I submitted my 2020 Federal Tax return electronically and it was rejec...
Can a partnership have a loss?
Can a loss in a partnership be carried over to the next year? If you can’t deduct your share of partnership loss in the current year (in your individual t...
Can a company take agricultural land on lease?
Agricultural land cannot be leased for any period whatsoever, except in the districts of Uttara Kannada and Dakshina Kannada for the purpose of utilizing ...
What forms need to be attached to a 1040X?
Attach to the front of the Form 1040X: – A copy of any Forms W-2, W-2c (a corrected Form W-2), and 2439 that support changes made on the return – A copy o...
How much do travel nurses make per contract?
Under normal circumstances, many travel nurses have the potential to earn over $3,000 per week. Travel nurses can bring in over $50 per hour, plus company...
Can a deceased taxpayer file a Final Form 1040?
Losing a loved one is difficult. When preparing and filing a deceased taxpayer’s final Form 1040 (U.S. Individual Income Tax Return), it is important to c...
Can a self employed person have a health savings account?
Since an HSA isn’t a type of insurance, it comes down to you as a self-employed individual needing to have an HSA-compatible health plan. According to HSA...
What is a foreign assessment?
Comprehensive tax-based assessment method. Foreign-sourced income is the difference between total (pre-tax) foreign income and the deductions that would b...
