Why did I get charged for Amazon Prime video?
Some titles are available to purchase or rent for an extra charge in addition to any titles you may have access to with your Amazon Prime or Prime Video m...
Category: Education
How do I amend a 1040-SR?
You can now file Form 1040-X electronically with tax filing software to amend 2019 or 2020 Forms 1040 and 1040-SR. To do so, you must have e-filed your or...
Are home mortgages tax deductible?
Taxpayers can deduct the interest paid on first and second mortgages up to $1,000,000 in mortgage debt (the limit is $500,000 if married and filing separa...
Can I pay my personal taxes from my LLC business account?
You pay yourself from your single member LLC by making an owner’s draw. Your single-member LLC is a “disregarded entity.” In this case, that means your co...
What is a clarification question?
Clarifying questions are questions that the listener asks the speaker in an attempt to eliminate or prevent any misunderstanding, confusion or ambiguity. ...
How far back can capital gains tax go?
4 years You do not have to report losses straight away – you can claim up to 4 years after the end of the tax year that you disposed of the asset. There’s...
Can TurboTax file 1040NR?
TurboTax cannot prepare Form 1040NR or 1040NR-EZ for non-resident aliens. TurboTax can only prepare returns for US citizens and “resident aliens for tax p...
How do I pay additional taxes in California?
How Do You Pay California Taxes? Navigate to the website State of California Franchise Tax Board website. Choose the payment method. Your payment options ...
Can business owners contribute to Roth IRA?
Only the owner or owner’s spouse can contribute to an IRA. An LLC or any other entity can give you money for your Roth IRA, but you must observe the contr...
What qualifies as self-employed health insurance deduction?
Self-employed people who qualify are allowed to deduct 100% of their health insurance premiums (including dental and long-term care coverage) for themselv...
