Did you make a mistake on your tax return or realize you missed out on a valuable tax deduction or credit? You can file an amended tax return to make the correction. Filing an amended tax return with the IRS is a straightforward process. This article inc
If you receive tax form 1099-NEC for services you provide to a client as an independent contractor and the annual payments you receive total $400 or more, you'll need to file your taxes a little differently than a taxpayer who only receives regular emplo
If you e-filed 1099-MISC or 1099-NEC forms through QuickBooks Payroll, you may end up needing to ammend them. Beginning in 2024, you can submit amended 2023 1099 forms through QuickBooks. For all other years, you'll need to work directly with the IRS to make...
Currently, we're unable to support corrections to already submitted (by paper or e-file) 1099s. Customers have to complete and submit any corrected 1099-MISC or 1099-NEC outside QBO. That said, you'll have to get in touch directly with the IRS to do a manual ame...
Washington doesn’t have a state income tax, so if you live—and earned income—in Washington, there’s no Washington refund to track.If you’d like to track your fe
What if I Need to Amend my Tax Return? If you’ve already filed your taxes, but later found your return to be incorrect or incomplete, here ishow to file an amended tax return with the IRS. You may also need to file an amended state return. ...
If your forgiven debt is subject to taxation, you will usually receive a form 1099-C, Cancellation of Debt, from the lender, showing the amount of canceled debt. You’ll file the 1099-C with your federal tax return, and the amount of canceled debt is added to your gross incom...
Why are there two 1099s for my ridesharing business? The rules for the issuance of forms 1099-K and 1099-NEC are spelled out by the U.S. tax code. Lyft provides both to be in full compliance with IRS rules. Do I send my 1099s to the government along with my tax ...
You don't want to get caught off guard when you file your tax return next year. So you really should be thinking about this now. Lisa Greene-Lewis, CPA and TurboTax expert is here with us right now. So let's talk about this. Offsetting gains and losses. What should p...
What to do if you filed your tax return with TurboTax, and now need to change it. TurboTax makes it easy to amend your tax return and file it again.