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Where are total wages on W-2?

box 1 In box 1 of the Form W-2, your company reports the total taxable wages of the employee for IRS record keeping. When you calculate this number, take ...

Jul 12, 2026 • 1 READS

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What if I receive a W-2 after I filed?

You will need to Amend your Return if you have already filed and received more W-2’s.. Wait until your return has been processed and you receive your refu...

Jul 12, 2026 • 1 READS

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What is a donation type that a nonprofit business can receive?

There are two types of donations that can be made to a 501(c)(3). A cash donation is the transfer of funds to a nonprofit. An in-kind donation is the tran...

Jul 12, 2026 • 1 READS

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How can I get an extension on my income tax?

You can also get an extension by paying all or part of your estimated income tax due and indicate that the payment is for an extension using Direct Pay, t...

Jul 12, 2026 • 1 READS

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How do I report a QCD on a 1099r?

QCDs are not reported separately by the custodian; rather, the distribution is reported through the 1099-R. Unfortunately, there is no code or box on the ...

Jul 12, 2026 • 1 READS

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Should I have a tax professional do my taxes?

As a general rule, if you’re planning to claim the standard deduction, there’s really no reason to hire someone to prepare your tax return. Now if you’re ...

Jul 12, 2026 • 1 READS

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Does annual exclusion apply to charitable gifts?

The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. Generally, the following gifts are not taxable gifts...

Jul 12, 2026 • 1 READS

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Is RMD age 72 permanent?

Retirees who turn 72 this year can take the distribution at any point in the year or even delay it until April 1, 2022. If you do wait until next year, yo...

Jul 12, 2026 • 1 READS

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How do I file 8868 electronically?

How to file Form 8868 Electronically? Step 1 : Enter organization details such as Name, EIN. Step 2 : Choose the IRS form to extend. Step 3 : Choose the o...

Jul 12, 2026 • 1 READS

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How long after filing Chapter 7 can you file again?

eight years If you’ve used Chapter 7 bankruptcy specifically to discharge debts in the past, you must wait eight years before filing another Chapter 7 cas...

Jul 12, 2026 • 1 READS