updates

How do I correct a mistake on filed taxes?

If you want to make changes after the original tax return has been filed, you must file an amended tax return using a special form called the 1040X, enter...

Jul 20, 2026 • 1 READS

updates

Can I deduct IRA contributions in 2019?

Eligible taxpayers can usually contribute up to $6,000 to an IRA for 2019. The limit is increased to $7,000 for taxpayers who were age 50 or older by the ...

Jul 20, 2026 • 1 READS

updates

When to withdraw excess contributions from Roth IRA?

You must also withdraw any earnings on the excess contributions. Earnings are considered earned and received in the tax year during which the excess contr...

Jul 20, 2026 • 1 READS

updates

Can I change my employer identification number?

Request a new EIN from IRS To change an existing EIN, check the IRS requirements. If you are eligible for a new EIN, then submit Form SS-4 to the IRS. Can...

Jul 20, 2026 • 1 READS

updates

Do you pay capital gains on reinvested money?

Capital gains generally receive a lower tax rate, depending on your tax bracket, than does ordinary income. However, the IRS recognizes those capital gain...

Jul 19, 2026 • 1 READS

updates

What is Form 8288-A used for?

Form 8288. The tax withheld on the acquisition of a U.S. real property interest from a foreign person is reported and paid using Form 8288. Form 8288 also...

Jul 19, 2026 • 1 READS

updates

What expenses can a student claim on taxes?

I’m a student: What tax credits and deductions can I claim? Tuition, education, and textbook amounts. Interest paid on your student loans. Public transit ...

Jul 19, 2026 • 1 READS

updates

Can a property be transferred from a person to a LLC?

Transferring your real estate holdings to an LLC may limit your personal liability for claims or lawsuits involving the property. For owners of rental or ...

Jul 19, 2026 • 1 READS

updates

Does TurboTax send your stimulus?

As part of the income tax filing, the IRS receives accurate banking information for all TurboTax filers who received a tax refund, which the IRS is able t...

Jul 19, 2026 • 0 READS

updates

Can 1098-T be corrected?

You will need to generate two 1098-T’s: The first will be marked Corrected. It must include the incorrect SSN. * It must also include zeroes in place of a...

Jul 19, 2026 • 1 READS