Video transcript: Video transcript: Hello, I'm Sara from TurboTax, with some important information for tax payers who want to amend a tax return. Did you find out after you filed your taxes that you overlooked a form or need to make a change? Don't worry. Nothing is set in stone. If...
Video transcript: Hello, I'm Jeremy from TurboTax with some information on various tax benefits. You may often hear the term tax benefit and wonder what exactly this applies to. Well, not to worry, a tax benefit is just a term that refers to anything that saves you money in taxes, whet...
You can get tax information via an IRS transcript. See the IRS tax transcript choices, how to request a transcript online and how to get copies of tax returns.
Code 290 is a transaction code that appears on IRS transcripts and is associated with the Request for Transcript of Tax Return form (Form 4506-T). This code indicates that the IRS has received and fulfilled a request for a tax transcript. It is important to note that Code 290 itself does...
In simple terms, the IRS code 846 meansa refund has been issued. The tax code comes with a date and cycle code that indicates when you should receive the refund. So, in essence, code 846 refund issued 2021 on tax transcript is a refund of overpayment of taxes or any interests due you...
Code 152 is a specific IRS code that pertains to the eligibility and criteria for claiming dependents on your tax return. When you file your taxes, you have the option to claim individuals as dependents, which can result in valuable tax credits, deductions, and exemptions. Code 152 provides ...
The income tax is by far the most important federal tax since it provides the government with the majority of the revenue it collects each year and without it the country could not prosper. Employment taxes may be lower in amount but a majority of you pay these too. These taxes support ...
Video transcript: Hello, I'm Sarah from TurboTax, with some information about the laws that affect your income taxes. You know all those instructions you've spent countless hours reading at tax time. Well, every word you read is based on a law that Congress or your state legislature has ...
Note: The reference to the standard deduction amount in this video applies only to taxes prepared for 2010. It is included here for reference only. Standard tax deduction give taxpayers the option of claiming a predictable lump-sum deduction instead of a
Tax appeals are often necessary in the unlikely case you are audited, and it's a surprisingly informal and quick process. Understand how to appeal a tax audit with information from TurboTax in this video on annual tax filing.