data and analysis
How do I get a copy of my 2018 Oregon tax return?
Online. You can request your own tax records quickly and easily by signing up for a Revenue Online account. If you already have an account, log in and cl...
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civics and society
What is a foreign life insurance policy?
If the policy is a foreign policy A foreign policy is usually one issued by an insurer from outside the UK. If you’re in any doubt as to whether your poli...
health and wellbeing
Can I deduct cleaning supplies?
Yes! There are plenty of home costs you can deduct from your tax return, including home security system, phone charges, office supplies, equipment and cle...
media and communication
What happens if you receive an incorrect 1099-MISC?
The 1099-MISC form has a special box that should be checked to show that the it is correcting a prior 1099 form. It is not unusual for clients to fail to ...
environment and climate
What is the new Earned Income Tax Credit?
The Earned Income Tax Credit, or the EITC or EIC, is a refundable tax credit for low- and moderate-income workers. In 2021, the earned income credit range...
data and analysis
When do you have to pay franchise tax?
A franchise tax is a tax imposed on companies that wish to exist as a legal entity and do business in particular areas in the U.S. In 2020, some of the st...
health and wellbeing
How does a student loan tax refund offset work?
In one of those, called a tax refund offset, it refers the debt to the U. S. Treasury Department for collection. The Treasury Department then applies any ...
media and communication
What is code 7d on 1099r?
7 is the code for Normal Distribution (which means it was distributed to taxpayer after age 59.5). D is the new ‘nonqualified annuity distribution code’. ...
data and analysis
What does it mean to have 501c3 status?
Being “501(c)(3)” means that a particular nonprofit organization has been approved by the Internal Revenue Service as a tax-exempt, charitable organizatio...
education and learning
Do sellers come to closing?
The seller does not have to be present at the buyers’ closing. It is a common misconception that all the parties must sit around the table together at clo...
science and technology
Is the TurboTax stimulus email legit?
If you receive a suspicious email that appears to come from TurboTax, forward it to us at [email protected] so we can investigate. You can also get t...
environment and climate
Does amending your taxes delay my refund?
Amending your tax return Processing for an amendment takes an estimated eight to 12 weeks from the date the IRS receives the return. Amending won’t affect...
media and communication
Who needs to fill out Schedule SE?
Who Must File Schedule SE The amount on line 4c of Schedule SE is $400 or more, or. You had church employee income of $108.28 or more. (Income from servic...