Received a 1099-C form? Find out when canceled debt is considered taxable income, the exceptions that apply, and how to accurately report it to the IRS. Learn the implications of debt forgiveness on your overall tax situation.
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...
Web site is useless for making payments. It didn't want to accept any of my credit cards. Calling them is a disaster as their robot is really poor. Person eventually reached was not very helpful. The problem I found out was a stupid on. The card address information which had a zip co...
Easy to Use: TurboTax is designed to be easy for anyone to use, regardless of their tax knowledge. Step-By-Step Guidance: The software guides users through the tax filing process, making it easy to ensure that all necessary information is included. ...
TurboTax is the choice for you if you want a premium tax software with style and substance without compromise nor fear of making a mistake. The product offers superior service, has a highly intuitive design and interface, utilizes a simple Q&A format for inputting information, and provides robus...
one little error screws up everything else. It shouldn't surprise you that Turbotax makes fewer math errors than I do. Aside from having an inaccurate return, possibly losing me money or even triggering an audit, miscalculations also mean I have to do re-do more forms, which can be imme...
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...
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 ...
Lisa Greene-Lewis: So the NCAA passed that athletes can now use their name, image, and likeness and make money. So that's what that is. And one thing that they need to know is: now that they're making money, they are considered self-employed because they're probably paid on a 1099...