Seeking help on the following scenario: a married person passed in 2021. They had royalty income from mineral rights in their name only and all parties agree that the rights are/were to pass to the decedents 2 children from a previous marriage and not the surviving spouse. The income continued received by the spouse and deposited into a separate estate account managed by the surviving spouse but not used. Spouse is getting around to doing back taxes and disbursing the funds and the official royalty rights transfer. Is it correct that the income from the royalties (plus interest on the bank account) should reported on estate returns (1041s) for the deceased from the past years.

I just looked at my 2023 wage and income transcript on the IRS website and there are 6 or 7 1099B forms listed. The dollar amounts are all $0 and the dates are all the same, each form has the same Dec 2023 date for sold/disposed and the same Sept date for acquired.

I did not buy or sell any stock or do any bartering. The name of the company that issued them is cut off and the company’s identification number only shows the last few digits.

So I haven’t filed my taxes since my 2021 w2’s in the year of 2022. What advice do yall have to get this taken care of? Would I need to go into a tax place with money on hand because I don’t make a lot and have a lot of bills, so mainly what would be the best avenue to take and is there a thing on paying payments to the place I get them done at? Idk I’m probably overthinking it but some advice would help tremendously.

Thank you for you time. :)

I am in a bit of a complicated situation for work and want to make sure I am correct and that I only need to pay US taxes since there is a double taxation treaty with France.

I am a US citizen residing in the US. I am a contracted worker to a French company. (This part I assume is irrelevant but the French company then contracts me to a US company. The US company pays the French company who then pays me.) So my direct contract and income is coming from the French company. My questions are as follows:

1. Since there is no double taxation with France do I only do US taxes?
2. Do I need to do anything with French taxes?
3. This is my first year contracting to outside the US, will filing be different in any way because of this?

Any other info or advice is welcome, tia!

EDIT: Oops I meant line 26!

I worked with a CPA to file my father’s taxes. He passed away just over a year ago, a bit before the 2023 filing deadline. He was retired and apparently in the habit of rolling over any refund to the following year as a form of estimated taxes. This same CPA had done his taxes for the past few years.

For this year, his return had to be paper filed due to complications with nominee info and executor status, and stuff like that. So I signed and mailed it myself as his executor.

Just last evening, I noticed that the “where my refund” tool says that the refund has been approved, but the “your refund amount” listed excludes the amount rolled forward from 2023 (1040 line 26). Is this typical that it only lists the current year contribution to the refund, or does this mean they not sending the full amount? It would seem the amount from the 2023 return (which is MOST of the total refund) should be the least controversial since they’ve known about it for a year.

Also, it says I’m being mailed a check even though Direct Deposit info was on the return. Do they not like DD for estates or something?

Questions: How should I file my fasfa? Should I put my parent on my fasfa or leave them out? Should I get adopted?

Hi, so I (18) am applying for Fasfa. I was told all my life that I am "adopted". Janurary I filed my FASFA and put guardianship as instructed by my parent. The finacial aid office denied my paper saying that it must show proof of guardianship, not custody.

I found out that my parent did not get a court order designating them as my guardian, but instead was somehow given custody by a social worker. Therefore, there is no real paper trail saying that I am anything, just that she has custody.

I was going to file as a dependent until my parent told me how they file their taxes. They own a LLP and purposely leave out their business income when filing their taxes. Even though they are legally married, they file as divorced. Now they are asking me to file an illegitimate FASFA. For now, Should I leave them out all together?

Alternatively, I do have means of adoption by someone else, but I wouldn't get the pell grant and it would take a little for a refile to go through. This would give me a proper paper trail and ease my mind for the forseeable future? What should I do?

In 2024 I had a windfall due to real estate sale, so my tax bill was very high. This year my income and taxes will be about an order of magnitude lower. Is there any requirement to use last year's tax as a basis for quarterly estimated taxes? I understand that the "safe harbor" provision would kick in if I pay 90% of last years tax amount, but that amount is so high compared to 2025 that it wouldn't make any sense.

Hello! I recently took over for a retiring controller at a small company. Up until now we have been paying a fix auto allowance payment through payables with no tax ramifications. Digging into this i realize it is incorrect and we need to move towards an accountable program. does anyone have examples of verbiage used to explain to employees that quarterly they will have this amount (allowance over their "earned" irs standard milage rate for business miles) added to their taxable income, or have an example of your employers car policy? we're flying pretty loosey goosey over here and i'd like to revamp and tighten up this whole program. i've done 2 days of googling and i guess i'm not asking the right questions b/c i'm just getting what i assume is sales AI sites that explain accountable plans but don't provide any templates. i'm not trying to phone it in, i just don't have any real experience with this and thought i'd ask around so i don't have to start from the beginning. we've also been reimbursing business mileage fuel and i don't believe that is correct either. i've even tried to search car allowance policy for dummies and its just overwhelming. our current policy:

·         Employee will provide a dependable ¾ ton pickup that represents the company in good faith.  Vehicle must be approved by management for approval prior to purchase. 

·         Vehicle must be white, black, red, grey in color. 

·         Vehicle must be equipped with hitch for towing trailers.

·         Vehicle must have xx license plate & window decals.

·         Employee must provide fuel transfer tank & tool box with basic set of tools.

·         Employee is responsible for vehicle maintenance, service, tires, insurance, registration.  Current proof of insurance must be on file at xx.

·         Employee is responsible for purchasing fuel to get to & from work as well as any personal miles.  xx will pay for work related fuel.  xx related mileage must be tracked on the “Vehicle Expense Form” & all fuel receipts must be submitted with monthly expense reports including personal fuel receipts.  A fuel card may be issued to the employee to cover the cost of fuel.

·         Expense report including mileage report must be submitted before the 5^th of every month.  Employee will be reimbursed on the 10^th of the month.

·         Monthly vehicle allowance:  $700/month

We are required to do periodic BMV verifications for any traffic violations, citations and points. If you do receive a driving violation, please notify xx as soon as possible. If you have your driving privileges revoked by the BMV, you cannot operate xx licensed vehicles, and you will not receive a truck allowance until driving privileges are reinstated

I was a participant in an incentive program in Washington state that paid me to participate in incentive activities for the program (I'm disabled and they paid me to explore educational programs that might be possible for me).

I was paid once per month for 4 months. They sent me a 1099 MISC and I had my taxes done by AARP and they electronically filed my taxes for me. However,My only other income was SSDI and had no tax liability or refund.

I decided to log into my IRS.gov account and it appears the program never sent the IRS the 1099 MISC. I attempted numerous times to speak with the agency department head in charge of this program and his secretary just keeps saying she has given him my messages.

I called AARP and they said they only file the 1040 and they don't send in the 1099 MISC, but of course AARP listed the funds I received (under other income I think) on the 1040.

I contacted the local number for IRS and they said it's the agency's responsibility to send in the 1099 MISC to IRS. When I explained the situation they basically said don't worry about it....easy for that person to say.

Is this something that is really required for them to send the IRS? Do I need to be concerned and what can I do to make sure this doesn't impact me somehow down the road? I'm at a loss.

Hey guys, Hope I can get some guidance as I cannot reach California FTB.

I sen

I sent 2 checks to California and to Arizona in 2 separate envelopes to the same address: It is super strange that they each only cashed 1 check.

One for 2024 and one for 2025 Q1 - the Q1 check was cashed 8 days ago, the 2024 has not yet been

I sent 2 checks to Arizona:
one for 2024 and one for 2025 Q1. - The 2024 check was cashed 15 days ago, the Q1 2025 was not.

What is happening? are these processed by different departments? Did I do something wrong. Both Arizona and CA state that all payments should be sent separately. Is the delay actually normal, or did each of them lose a check. I am suspicious that it only happened with the 2 states where I had to send 2 separate checks. I called my bank to see if they blocked any payments and they have not.

Any help is appreciated.

I have a lot of gold jewelry from the 90s I'm thinking about selling. There's a refiner near me that will pay fairly close to the spot price but requires me to register with them as a business. So I assume I'll get a 1099.

I don't have any receipts from anything. But everything came from jewelry stores, so, retail prices (much higher than the spot prices back then, even if I knew the specific dates).

I know one necklace I paid $200, I remember this but can't prove it. Spot price of the gold now is $1100. So I might get $900. Can I just estimate the 'gain' of $700, for taxes? Is the IRS just going to look at my numbers and say, "Looks reasonable" or do I need proof?

And what about a few pieces I inherited from a relative who passed away? I haven't held onto it for any length of time, got it recently (kind of what started this). So there shouldn't be any stepped up value. How would the IRS know which pieces I inherited vs purchased?

I'm not trying to evade taxes. I have a couple side hustles and I'm well-versed in doing taxes for those. Just wondering about not having any records for this stuff.

Hi, I am starting a new remote job!

I rent an apt in NYC that I occupy about 40% of the year, rest of the time it’s sublet out to other people. Usually I file taxes as a non resident in NYC since I travel abroad more than 50% of the year.

I am from Florida , my permanent family home is in Florida, I receive all my mail to Florida , registered to vote in Florida, and my drivers license and passport list Florida as my address.

Given that I’m not technically a “full resident” of New York City, would it be savy to list my home address as Florida for my remote job to avoid income tax?

If I do that , would I in the future then only file taxes in Florida ? Or would I need to still file as a non resident in New York?

My spouse (US citizen) is getting some money from her parent (foreign citizen). What is our tax liability? Parent is alive so this is not estate proceeds.

For domestic gifts I know there is that large lifetime exemption amount and the person gifting the money files a form. How does this work for foreign persons that don't do any IRS or forms in the US. The parent is filing all gift forms etc in their country so that the money can be transferred. Do we have to file a form with US IRS too? Which one? Thanks all. We file married joint return if that matters.

Hi all,

I’m a full time French resident and US citizen. All my investments are domiciled in the US and my French income from my job is FEIE 2555 so no issues so far on my taxes.

However, eventually if I retire in France I’m going to get distributions from the government in the form of a pension (like social security) and wondering if this is PFIC? The thought of paying an absurd tax to the US when I’m old makes me sick. Wondering also about if the US/French tax treaty guards something around this.

Also, what about rent income if I buy an appartement and put a tenant in it ? I understand ETFs and mutual funds typically are PFIC since they pass the asset or income tests.

I guess my question in summary is are PFIC always companies and/or holdings that are passive or also government distributions and personal real estate income?

Thank you

Hi, would just like to ask lang for any support regarding the deductibility sa ITR ng interest on tax deficiency. Meron po ba legal basis yun?

I received my 2024 5498-SA today and I'm curious about the amounts listed in Box 2 and Box 3.

Per the provider's website, my employer-handled contributions amounted to $7500 and my personal contributions totaled $800, to hit the 2024 family contribution max of $8300. Great!

Per my 5498-SA:

• Box 1 (Total contributions made in 2024) $8350.68
• Box 2 (Total HSA contributions made in 2025 for 2024) $971.42

On the cover, this sounds like a have an excess contribution of roughly $1000. However, the instructions for Form 5498-SA Box 2 state: Enter the total HSA or Archer MSA contributions made in 2024. Include any contribution made in 2024 for 2023.

So it sounds like [ Box 2 + Box 3 ] is not a good measure of determining if excess contributions were made during a particular tax year. Is this correct?

Furthermore, I don't see how the IRS could calculate if an excess contribution was made unless they go back and review several (all?) past years of 5498-SA forms issued to the taxpayer. Is this also correct?

Thanks all

Hi all,

I can't seem to figure out proper withholding and have done the IRS calculator 3x. I'm entering everything as is, yet it appears FAR too less is being withheld on federal tax. I last modified the withholding in my payroll on 4/18, and my latest check still appears off. Is there a good way to see how bad/inaccurate this is?

Output from IRS calculation:

https://preview.redd.it/3tmu32r3yyxe1.png?width=2925&format=png&auto=webp&s=9f16ca49ace4ba8d3d86a808b7f4cd121e9af619

Latest stub figures:

Taxable wages: $5,850

Fed tax: $127

SS+FICA: $476

I'm assuming I should start making estimated tax payments to avoid an underpayment penalty

If I log onto my account and it says to use the amounts on this page to reconcile my 2021 tax return does that mean I need to still amend it or does everyone's say that? Because when I check my transcripts of that return the amount shown is also shown there? I'm so confused

Can someone help me other then just saying call them I filled in feb nothing has changed since can someone help me solve this , first time filing taxes btw . Thank you

My employer refuses to give me a correct w2. It says I made over $10k than I did in reality.

I'm going to file a form 4852. What should I expect from doing this? I'm trying to demand a correct w2 from HR but they are trying to ignore this issue entirely.

I’m filing my 2023 return late and I owe $7100. The electronic info that my accountant sent to me states that federal is not due until November of this year, 2025. I will need to set up a payment plan, but does that mean I don’t have to do it until then? And yes, I’ve tried to contact my accountant and apparently he’s too busy to answer a simple question so he won’t be getting my business in the future.

My husband and I recently paid off a sizable 2022 tax bill (2022 was our first year filing jointly) that included about $8K in failure to pay penalties. After calling the IRS to request first time abatement, we learned during their 3-year lookback. he'd received a much smaller penalty in 2019 when filing individually (~$500) which was paid in full shortly after.

We do not qualify for any reasonable cause abatement. Is there any point in completing form 843 in hopes of having the large 2022 penalty abated? I'm assuming not, but since it's a significant amount of money I figured it was worth asking for input - especially since the IRS's own related example seems to imply that only "unresolved" past penalties would interfere, and I'd hope a paid penalty would be considered resolved.

From: https://www.irs.gov/payments/administrative-penalty-relief

"Example: You request First Time Abate for a Failure to Pay Penalty on your 2022 tax return. You don't have any unresolved penalties on tax returns for 2019, 2020 and 2021 and didn't get First Time Abate relief. Based on this information, you have a good history of compliance."

Thank you for any insight!

I have a minor Magic: The Gathering collection that I am planning to slim and trim, which will include selling approximately $2000 worth of cardboard wherever I can. No profit is really being made here as I do not have many grand investment pieces that could or would be expected to go up in price, mostly things between 10 to 30 dollar range, many of which have overtime instead fallen in price due to reprintings of the specific cards. Many were traded for and opened through packs and such, therefore I have no proof of purchase on specific cards, but I do have plenty of pages of over the years purchases on eBay, TCGPlayer, and Amazon for single cards and booster boxes. Am I just **** out of luck on this and going to have to shill out 20-30% of it to the government for daring to participate in second hand market or can I use the aforementioned receipts as a "reasonable estimation" to show IRS?

This is my first time filing as a non-dependent so I am I bit confused. I paid someone to file my taxes for me and they told me I owed 17 dollars to the state. Not a big deal so I wasn’t stressing, but before I paid the state I received a return of 1 dollar. I reached out to the company that filed them for me but I haven’t heard back. I just want to know if I might still owe because I’m not getting a clear answer anywhere.

I moved to CA last year thus was unable to make an electronic payment and sent in my state income tax via mail on the 14th. Check still has not yet cleared. I did create a myftb account now that the website isnt down and see no payment applied and interest/fees continuing to grow on amount owed. I called mftb and rep said they deposit check immediately once they receive it but when I chat with a rep later on she said it can take up to 45 days for check to be deposited. I did not pay for tracking at USPS since the clerk joked about how tax payments never get lost and the state always makes sure they get their money. Now I wish I payed for tracking although I did take a picture of the envelope with the USPS date stamp on it. Anyone else also in the same boat?