Some tax issues will require professional advice but the site is an excellent tax law resource for those in need of quick answers. You'll see topics ranging from "How Do I File a Deceased Person's Tax Return?" to "Is My Residential Rental Income Taxable and/or Are My Expenses Deductible?
Problem: The IRS—not eFile.com—rejected your Federal Tax Return because a dependent on your return has already been claimed by another person OR the dependent filed their own return and did not indicate that they can be claimed as a dependent on another person's return. Solution: Let us ...
The dependent definition is fairly simple in many every day cases: it’s a person who relies on another taxpayer for financial support. But, when you’re talking about taxes and a tax dependent, the person must meet specific requirements. We’ll cover the details throughout this post. So,...
How Long Will It Take for My Amended Tax Return Refund to Be Processed? If you filed an amended return, it may take 10-12 weeks for the IRS to process it. The IRS does not track amended returns on their "Where's My Refund?" tool, but you can check the status using the IRS amend...
What Happens if a Deceased Person Owes Taxes? Personal Finance What Is a Fiduciary Income Tax Return? Personal Finance How to Write a Letter to Creditors When Someone Dies Form 56 and Bankruptcy A trustee in bankruptcy is another type of fiduciary, since this person is in a position of confi...
As the IRS notes, for nine out of ten tax filers it takes a maximum of 21 days to receive a tax refund (when eligible) after their tax return has been accepted. But this is still just an estimate based on past IRS refund schedules and not a guarantee. Fu
Form 1040may be the first form you think about when it's time to file a tax return, but depending on your specific tax situation, it's likely that you may have to attach one or more additional forms and schedules to your return. One of these forms may be Form 1040 Schedule 3, wh...
Prior-year return and the tax return you're inquiring about. Any IRS correspondence you've received (via email or your online account). If you're calling on behalf of someone else or someone who is deceased, you'll need to have a few extra things gathered in addition to the above, inc...
Probate is the legal process by which a deceased person’s assets are categorized and distributed to his heirs and creditors. When a person dies with assets, a personal representative of the decedent (either the executor or a person who wishes to become the administrator) should open a probate...
Key Takeaways Form 3800 is used to calculate the General Business Credit, which is a combination of over 30 “component” tax credits that have their own eligibility requirements and rules. Form 3800 is a complex form that’s broken down ...