by Angie | Jul 11, 2022 | Taxes
Did you know you in lieu of your signature you can get a PIN number to file your taxes? By doing this, you don’t have to worry about a thief filing a tax return using your name and social security number. This program is called the IRS Identity Protection PIN, or IP...
by Angie | Apr 19, 2022 | Distribution, Taxes
Now we get to figure out how much tax is due (line 16). I know…exciting right!? Use the tax table in the instruction handbook to locate the line with the amount entered on line 15 on your 1040. Then navigate to the column based on how you are filing (single, married,...
by Angie | Apr 15, 2022 | Benefits, Taxes
If you received Social Security Benefits, then you should have received an SSA-1099 with the total amount paid to you in box 3 and any repaid amounts in box 4. You should receive an RRB-1099 if you received any railroad retirement benefits that were treated as social...
by Angie | Mar 30, 2022 | 1040, Taxes
So, now we must discuss the most important part of a 1040. Line 1. Yes, the dreaded line 1. Wages, salaries, tips, etc. What’s etc. anyway? Really? We as citizens must decipher what etc. is? Well, if you want a basic summary of what all that means, here ya’ go....
by Angie | Mar 24, 2022 | Dependent, Taxes
One of the questions I get a lot is who is considered your dependent? Such a simple question, right? But, of course not (as you may have guessed). Even my eyes crossed at their many pages long answer. I’ll give you some basics: a “child” dependent can be your...
