Questions tagged [irs]

Internal Revenue Service which is the US Federal Tax authority.

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0answers
38 views

Is the 83(b) election deadline inclusive of the start date?

In 2014 I early exercised 10,000 unvested options and filed an 83(b) with the IRS. The stock from the exercise transferred on January 1st, 2014. I called the IRS and confirmed they have the 83(b) on ...
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1answer
31 views

J1 to F1 after a gap- am I non resident?

I was on J1 (research scholar) visa in 2009 and 2010. Then I stayed out of US and came back on F1 student visa in 2015 and held the F-1 student visa for 2015, 2016, 2017, 2018, 2019. My question is ...
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1answer
59 views

Can I apply for an extension of time to file tax return between April 15 and July 15 2020?

I can usually apply for an tax return extension before Tax day (Apr 15) however this year tax return deadline was moved to July 15 - does it mean that I can apply for an extension after Apr 15 but ...
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50 views

Stopping erroneous IRS collection

We (my wife and I) had a Required Minimum Distribution Issue (RMD) that was supposedly resolved. We have a letter from the IRS stating that the waiver was granted and that we owe NOTHING for the tax ...
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18 views

How to report a C corporation's post-dissolution expenses?

We're filing 2019 Form 1120 for a C corporation (XYZ Inc). In January 2017 my cofounder and I incorporated XYZ Inc in Delaware and registered it as a foreign corporation in Connecticut. We dissolved ...
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558 views

If I never cash my $1,200 stimulus check, can I claim it as a tax credit on my 2020 return?

The United States IRS does not have my direct deposit information (because I have never given it for a tax refund) or my current mailing address (because I have moved since my last return was filed). ...
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1answer
72 views

Income Tax filing of Roth Info

I may have mis added the amount of 401 K I converted to a Roth account on my taxes. Will the IRS catch that? What will be the penalty?
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2answers
3k views

What does "Spouse Works" mean in W-4 form?

What's the definition of Term Spouse Works?
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3answers
3k views

How does IRS know if my dependent is an actual relative for Head of Household?

Long story short. Found out I had a half brother and he's been staying with me for the past year while going to a nearby community College. Was doing my taxes and discovered he technically qualifies ...
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1answer
125 views

Claiming children without SSN as dependents for stimulus

My family and I live in Germany. I'm German and my wife is American (SSN holder), while our two children have dual citizenship, both have a CRBA but both don't have an SSN. Can my wife claim them as ...
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1answer
110 views

When flying to and from the United States, from/until what time does it count as days of presence from an IRS tax residence standpoint?

When flying to and from the United States, from/until what time does it count as days of presence from an IRS tax residence standpoint? For example, if my plane entered the US airspace at 20:00 on ...
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1answer
68 views

Are IRS audits triggered and conducted for a specific year or a range of tax years?

Let's assume that I have filed my taxes for 2017, 2018, and 2019. If my 2018 tax return triggers an audit, will I be required to provide information regarding my 2017 or 2019 taxes / finances (...
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230 views

Transfer of Gifts From Iran to the US

I am a US citizen and a permanent resident living in the US. My family resides in Iran. My father which is a non-resident alien is currently supporting me financially and lives in Iran. Due to OFAC ...
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2answers
518 views

Is there a "structuring" risk when receiving international wire transfers?

I am trying to move a large sum of money from abroad to my bank account in the US via wire transfer and I don't want a Currency Transaction Report (CTR) being filed by my bank (if it's not necessary) ...
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1answer
405 views

How to file a claim with the IRS on refund check not received

The IRS "Where's my refund?" site says they mailed a check a while back but we've yet to receive one. Your refund was mailed on December 2, 2019. For information about how to file a claim because ...
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2answers
104 views

Wondering if I’m eligible for the stimulus

I was claimed as a dependent on 2018 taxes and I didn’t file for 2019. I applied for the stimulus as a non filer and was accepted, but am I eligible? I was not claimed for 2019. I applied over a week ...
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1answer
53 views

2020 Taxes - How will I handle a new dependent? [duplicate]

My sister in law lived in Las Vegas, Nevada and did her taxes for 2019. Her husband suddenly passed away unexpectedly in September. She sold her house in March of this year 2020 and paid off the ...
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5k views

What does IRS TREAS 310 TAX REF 0918 mean?

I filed my 2019 tax return. In a checking account I haven't used in years on my returns I received a deposit that says IRS TREAS 310 TAX REF 0918. In the checking account I used for my 2019 return I ...
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1answer
143 views

Stimulus not received to date

I receive SSI via direct deposit also received 2018 SSA-1099 benefit statement. To date I have not receive stimulus. I filled out pertinent info for "My Payment" on the IRS website it stated I did not ...
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1answer
171 views

How to send back the CARES payment of COVID-19 to IRS as non-resident

I am a non-resident alien who working in the US. I received the CARES payment ($1200) of the COVID 19 by direct deposit from IRS, while I know that as a non-resident, I am not eligible to receive. ...
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0answers
75 views

Can a disregarded entity carry forward a tax loss?

I've heard that in general only businesses can carry tax loss forward (though in certain cases individuals can, too). Can someone filing taxes as an individual because they have a business which is a ...
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1answer
76 views

Do I meet stimulus check eligibility standards?

My last year to file an income tax form was 2017, as my CPA informed I no longer made enough (retired) to make filing necessary. My only income now is my monthly Social Security disability check for $...
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28 views

Stimulus Check Dependent Question [duplicate]

In 2018, I was able to be claimed as a dependent, as listed on my tax return, but my parents didn’t claim me in 2018, in 2019 I was no longer a dependent. Will I receive the check?
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1answer
224 views

When I try to get my coronavirus payment on the IRS website, I get an error saying "the information you entered does not match our records"

I am a US citizen living in Canada. I went to https://www.irs.gov/coronavirus/get-my-payment, and entered my social security number, my date of birth, my American address and my American zip code I ...
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In 2018 my parents filled for me as a dependent, in 2019 i filled for myself and received my refund, when do I get my stimulus check?

In 2018 my parents filled for me as a dependent, in 2019 i filled for myself and received my refund, when do I get my stimulus check ?
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1answer
122 views

Why did I get $1200 stimulus check? Was a resident alien for tax but moved out of US in Nov 2019

I was a student on a visa in the US and was also working at the university from 2012 to Nov 2019. I then moved out of the US at the end of Nov 2019. Officially, I'm still a student at my US university ...
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1answer
130 views

Would a retiree get the covid19 stimulus payment?

I have been retired for years, I pay income tax every year on IRA withdrawals and social security income. I don't need the stimulus or think I should get it but my wife ( also retired) is convinced we ...
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0answers
121 views

Why does IRS Stimulus Tracking Tool Claims “Payment Status Not Available” When I Am Eligible? AND I paid my taxes by check, not through Turbotax

I am in the same situation as many others, my adjusted gross income was less than 75000 in 2018, not a dependent, etc, AND I paid my taxes in 2018 by check, NOT through the tax application. Why am I ...
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0answers
36 views

Married file jointly, what address i need to use in 1040 form?

This is the first time that I file taxes as a married file jointly! I am a resident alien and my wife is non-resident alien. We stayed in two different states. When I fill out the 1040 form and state ...
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1answer
6k views

Why does IRS Stimulus Tracking Tool Claims "Payment Status Not Available" When I Am Eligible?

Apologies for the lengthy post. I'm been confounded the past 2-3 days by the confusing information I'm getting from the IRS's FAQ page and their Stimulus "Get My Payment" Tracking tool. I ...
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2answers
59 views

Does Schedule C require Schedule 1?

If someone has a business (single owner LLC) and therefore needs to fill out a Schedule C, do they also need to fill out Schedule 1? And where on the 1040 itself does the amount go, on line 1? Also, ...
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1answer
641 views

I was a dependent in 2018 but independent in 2019. Will I get the stimulus check? And When?

Basically I filed independently on 4/13/2020 and my Mother filed on 4/16/2020. Last year I was her dependent but this year she did not claim me as a dependent. Will I get the stimulus check? I was ...
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1answer
206 views

Nonresident received the stimulus money for COVID 19 from IRS

I am a non-resident alien who working in the US. Yesterday, I received the stimulus money ($1200) due to the COVID 19 from IRS, while I know that as a non-resident, I am not eligible to receive. This ...
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3answers
407 views

What is the logic behind the IRS direct deposit of the stimulus check?

According to the general press and the relevant IRS pages, if you e-filed your taxes for 2018 (or even 2019), and you used direct deposit, the stimulus checks will be deposited automatically into the ...
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3answers
26k views

I'm Canadian, but I've worked in the United States. Why did I get a $1,200 payment from the IRS?

I'm Canadian, but have been working in US 3 years 2015-2018 on TN visa. In 2018 I returned to Canada, filed IRS return for 2018, but didn't do it for 2019, because that year I didn't work in US. But ...
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1answer
74 views

Can someone who doesn't need to file taxes (IRS 1040 etc) get the stimulus check without providing personal information to a 3rd party?

The IRS site sends to a 3rd party website. Is there a different way for someone not filing income tax to provide their information to the IRS? (Not necessarily online.) While we're at it, is there a ...
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1answer
3k views

F1 to H1B - Should I be filing taxes for 2019 as a Resident Alien or a Non-resident alien?

I was on F1 since my first arrival to the US in 2015 (never been to the US before). My H1B was approved in June 2019 (I have been on F1 all the time before this date and was Exempt) Should I be ...
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1answer
78 views

I worked last year and went to school. Will I still get a stimulus check if nobody claimed me in 2019 taxes

I worked last year for only 2 weeks. Got paid once but I still filed it on my 2019 taxes and only got back $7 but I also went to school and claimed my school payments. Nobody claimed me as a dependent ...
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29 views

Excess 401k deferral: which account?

I switched jobs in the middle of 2019 and hence have multiple pretax 401k accounts (traditional). I have excessive deferral when I combine my contributions to both accounts (14k to each account) and I ...
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0answers
107 views

Coronavirus CARES Act - How Do I Apply For A Small Business Loan As A One Person S-Corporation?

The US Chamber of Commerce recently published a quick guide on how businesses can file for a loan backed by the government under the CARES stimulus act. The guide splits up businesses as either an ...
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1answer
322 views

Will a non-US citizen living and working in the US be eligible for stimulus check?

Please excuse me if this question doesn't fit very well here in this forum, but I don't know which SE would be more suitable for my question than Money.SE, so I decided to ask it here. My question ...
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6answers
2k views

IRS notice of owing money for income tax and interest

I got a notice from IRS saying that I didn't report my unemployment income and some small interests from my savings account (I'm in the US). I was unemployed for 4 months in 2018 (in Texas) and I didn'...
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1answer
93 views

Where to find AGI (Annual Gross Income) on Online Transcript?

If I may ask for some assistance regarding the Online Transcript: As far as I'm aware of, the Online Transcript (IRS) is separated on four different files: Account Transcript, Record of Account ...
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0answers
57 views

Multiple IRS Levy Notices?

My wife received a Notice of levy in Dec. 2019. We had no issues with this, as we did owe. The amount of the levy has since been met, but the levy is still in effect. We file jointly, so both of our ...
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1answer
480 views

Does the postponed tax-filing deadline affect Roth IRA contribution deadline?

Since Mnuchin has pushed back the filing deadline to July 15th this year (IRS announcement and Notice 2020-18), does that also push back the deadline to contribute to a Roth IRA? irs.gov says this ...
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1answer
942 views

Do you still have to report to the IRS if you sold no stock, and your total dividends for the year were less than $0.05?

If you own stock, but did not sell any in the previous year, and your dividends for the year totaled less than $0.05, do you still have to report any of it to the IRS?
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1answer
137 views

Is a IRS filing status of "qualifying widower" always equivalent to "married filing jointly"?

Are all applicable filing statuses are always explicitly spelled out in every IRS tax form, or are certain shorthands/assumptions made? For example, the 2019 Form 8995 says it may be used to ...
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1answer
444 views

Does federal tax refund check mail contain SSN or any personal information?

I lived in a residential apartment and someone took my federal tax-refund check mail and opened it. It's my first time to file federal tax return and I had no ideal what was in side that mail. Does ...
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2answers
103 views

Tax implications for sending and receiving money from India

I am planning to send $40000 to my friend in India. After few months, he plans to return me the same amount. What would be the tax implications for both of us in India and USA? Thanks in advance!
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1answer
111 views

Must my college send a 1098-T form for the financial aid checks they have sent me? Because, I haven't received anything at all

I did the basics to make sure that I'm not missing anything Check more than 3 times on my main college online account. No 1098-t forms. Check email more than 3 times. No 1098-t forms check mail more ...

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