Don’t miss the 1099 deadline. Learn about penalties for late filing of the 1099-NEC and updated 1099-MISC forms for both filers and businesses.
while the old ones do. This is making me realize I have answered this question incorrectly for Tax Years 2020, 2021 and 2022. Nothing is different between 2023 and those years other than the amount contributed. I should have answered all those...
Interview-based tax software:This interface has you answer questions prompted by the software. The interview will gather information from you and place these details on the relevant forms automatically, making it easy to use if you aren’t familiar with all the forms used to prepare your tax re...
If you did a Backdoor Roth, which involves making a non-deductible contribution to a Traditional IRA and then converting from the Traditional IRA to a Roth IRA, you must report both the contribution and the conversion in the tax software. For more information on Backdoor Roth in general, se...
ve seen in the new software. You can take a picture of your W-2 with your phone or tablet and upload it to your tax return in TurboTax. The software then scans the information and imports it to your return, removing the need to manually type in your information, making it both faster...
Import Previous Years’ Tax Returns: TurboTax allows users to import their previous years’ tax returns, making the process even faster. Cons Cost:TurboTax is not free and its pricing can be high for some users, especially for those who need to file more complex tax returns. ...
So I decided to try out the free support. I started out 120th in line, but within about 20 minutes (which I killed working on another part of my return), I had a CPA chatting online with me who answered my question clearly after just a couple of minutes of research. He had the sa...
This year I was so fed up with Quickbooks upgrade fees and intuit in general for not making a better mac product, that I wanted to try something different. The last two years, TurboTax was about 90% ready for mainstream. Maybe the Trump rules goofed them up, but that is no excuse. ...
My only frustration with it is that the FAQs don't always answer my questions about how the program works, making it difficult for me to complete my taxes, but not because of the taxes themselves. I would love to see more opportunity for a customer service option where I can reach out ...
For example, it will ask you if you have dependents. If you say yes, you’ll be guided to enter their information. If you say no, the software will skip all things related to dependents. If it asks for information that you need to track down, or haven’t received yet, you can skip...