news
Where do I enter info from Form 1098 on my tax return?
Mortgage interest is entered in the Itemized Deductions section of TaxAct® and will appear on federal Schedule A. To enter the information from Form 1098 ...
Latest Headlines
media and communication
How do I file another W-2 after I have already filed?
Regarding filing an amended tax return, if you’ve already filed your return, you can’t add another W-2 to your return. Instead, proceed by filing form 104...
culture and society
How do I fill out a 1099misc form?
You should have the following on hand to fill out the 1099-MISC form: Payer’s (that’s you!) name, address, and phone number. Your TIN (Taxpayer Identifica...
news
Can you file W-2 from different states?
Yes, this can be done in TurboTax. You will need to file one federal return and two state returns. TurboTax will walk you through completing your federal ...
education and learning
Does Facebook Marketplace charge you to sell items?
Facebook selling’s major, erm, selling point is its sheer convenience. Facebook is free to join and there are no fees for selling either, so it’s very low...
environment and climate
What are the benefits of waking up at 4am?
Below are the five benefits of waking up at 4 am: You get to start the day with what you are passionate about. Use the time you wake up as a measurement o...
environment and climate
Will TurboTax prepare my taxes?
TurboTax CD/Download products: Price includes tax preparation and printing of federal tax returns and free federal e-file of up to 5 federal tax returns. ...
science and technology
What is the new law regarding 401k?
The House bill would adjust annual catch-up amounts based on inflation, and would expand the 401(k) catch-up to $10,000 for individuals who are age 62, 63...
data and analysis
What happens to a QDRO if ex dies?
The QDRO may provide that the alternate payee’s share of the benefits is to be payable to her designated beneficiary or estate in the event of the alterna...
news
Can I draw money from my LLC?
As the owner of a single-member LLC, you don’t get paid a salary or wages. Instead, you pay yourself by taking money out of the LLC’s profits as needed. T...
civics and society
Can mental illness cause physical problems?
So if you’re experiencing unexplained aches and pains, it might be linked to your mental health. According to Carla Manley, PhD, a clinical psychologist a...
news
When to report a K-1 statement on a 1040 Form?
January 20, 2011 The Schedule K-1, also known as Form 1041, is used to report a beneficiary’s share of current-year income, credits, deductions and other ...
culture and society
Can I write stuff off as a sole proprietor?
As a sole proprietor, you can deduct most of your regular business expenses by filling out a Schedule C, Profit (Or Loss) From Business, and turning that ...