The name used on a tax return must match the name on file with the Social Security Administration for the Social Security number associated with that name. If one or both of the newlyweds changed their name on the marriage certificate, it is essential to notify the Social Security Administration by filing Form SS-5. The form can be obtained ...
Published prices are meant only as a guide and are not a guarantee. Plus, unlimited tax advice all year—Our tax experts are available on demand to answer your tax questions, year-round. As I write this post, April 17th 2012 is coming to a close and the clock is swiftly ticking towards the deadline to file on time. Over the next few days I ...
The IRS tends to take a closer look at S-corporation returns since the potential for abuse is so large. For example, if you make $500,000 in one year but only designate $20,000 of that as salary income, you might trigger an IRS inquiry, since you are avoiding so much self-employment tax. Your situation is probably different, and WCG spends ...
For example, if your partnership is a calendar year taxpayer, with a December 31 year end, you must file a 2020 tax return or extension request by March 15, 2021. Some states require a state extension filing, whereas others accept the federal extension. Some states have S-Corp franchise taxes, excise taxes, or minimum taxes, and payments are ...
Intuit responded by releasing a statement saying “TurboTax, and all software and in-person tax preparation services, base their calculations on the information users provide when completing their returns.” TurboTax is a software package for preparation of American income tax returns, produced by Intuit. TurboTax is a market ...
Typically, these benefits apply to you, your spouse or a dependent for whom you claim an exemption on your tax return. Like the lifetime learning credit, the tuition and fees deduction is available for all levels of post-secondary education, and the cost of one or more courses can qualify. The annual deduction limit is $4,000 for joint ...