culture and society
What do I do if I have two W-2 forms?
If you receive multiple W-2 forms, add those amounts and include the total on your IRS Form 1040. In general, if you receive duplicate W-2 forms for the s...
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news
Is money from retirement considered income?
IRA and 401(k) withdrawals are subject to taxes It doesn’t matter whether retirement income comes from a 401(k) fund, pension, a part-time job, or an IRA;...
media and communication
Can you rent a building to yourself?
You can rent to yourself but the benefits of doing so may depend on what your entity structure looks like. Additionally, you will need to understand the “...
environment and climate
When did exemptions start?
Overview. Section 151 of the Internal Revenue Code was enacted in August 1954, and provided for deductions equal to the “personal exemption” amount in com...
global affairs
Who do I call about my 2018 refund?
1-800-829-1040 You can call 1-800-829-1040 to get answers to your federal tax questions 24 hours a day. Tax forms and instructions for current and prior y...
news
Why is my import duty so high?
Welcome to Canada, where everything costs 15-25% more expensive than same product south of the border in the US. Well, that is because Government of Canad...
news
How do I take the Substantial Presence Test?
To determine if you’ve reached substantial presence, add together all eligible days you were in the U.S. in the current year, one-third of the eligible da...
civics and society
What does it mean when TurboTax says accepted?
Accepted means your tax return is now in the government’s hands and has passed the initial inspection (your verification info is correct, dependents haven...
science and technology
Is it possible to depreciate a residential rental building?
Rental property owners use depreciation to deduct the purchase price and improvement costs from your tax returns. By convention, most U.S. residential ren...
news
Why is my state refund being mailed instead of direct deposit?
Once your return has been accepted (or mailed), it’s too late to change your bank account for direct deposit. If the info you provided is for a closed or ...
education and learning
How do you see what I filed for 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 (W...
culture and society
How soon after buying a house can you move?
It can take 1-2 days to move house. The seller must move out on this day, to allow the buyer to move in. You’ll need to factor in packing your belongings,...
environment and climate
What happens when my amended return is received?
Where’s My Amended Return? follows the processing stages of your amended return from receipt until completion. It will tell you if your return is in recei...