general
What do you need to know about the Form 1040?
Form 1040 for 2015 tax year. Form 1040 (officially, the U.S. Individual Income Tax Return) is one of three IRS tax forms (see variants section for explana...
Jul 25, 2026 • 1 READS
news
What do I do if my employer withholds too much Social Security tax?
Employer’s error – If any one employer withheld too much Social Security, Tier 1 RRTA tax, or Tier 2 RRTA tax, you can’t claim the excess as a credit agai...
Jul 25, 2026 • 1 READS
general
What does Distribution Code 8 mean on 1099-R?
Excess contributions plus earnings Code 8. According to the 2020 Instructions for Forms 1099-R and 5498, Code 8, Excess contributions plus earnings/excess...
Jul 25, 2026 • 1 READS
news
What is the problem with confirmation?
Even when people do get exposed to challenging information, confirmation bias can cause them to reject it and, perversely, become even more certain that t...
Jul 25, 2026 • 1 READS
news
How do I renew my ITIN 2021?
To renew an ITIN, a taxpayer must complete a Form W-7 and submit all required documentation. Taxpayers submitting a Form W-7 to renew their ITIN are not r...
Jul 25, 2026 • 1 READS
general
When was tuition paid for spring 2019 semester?
The tuition was charged in December 2018, but paid in January 2019. February 8, 2020 2:19 PM This is what my school told me: “Because your Spring 2019 sem...
Jul 25, 2026 • 1 READS
updates
Which IRS tax form must be filed annually by an S Corp?
Form 1120-S More In Forms and Instructions Use Form 1120-S to report the income, gains, losses, deductions, credits, etc., of a domestic corporation or ot...
Jul 25, 2026 • 1 READS
general
What is the max traditional IRA contribution for 2019?
$6,000 More In Retirement Plans For 2021, 2020 and 2019, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can’t be...
Jul 25, 2026 • 1 READS
general
Why are my transcripts not available?
If you don’t see a return transcript available for download, it likely means that you didn’t file a return for that year, or that the IRS hasn’t processed...
Jul 25, 2026 • 1 READS
general
Do you have to go back 6 years for unfiled taxes?
Call the IRS or a tax professional can use a dedicated hotline to confirm that you only have to go back six years back for unfiled taxes. 2. You Won’t Get...
Jul 25, 2026 • 1 READS
