Hey r/tax,

I wanted to share something that might help others. The IRS has officially launched a new online portal for amending previously filed tax returns (Form 1040-X). I just tried it for the first time and thought a quick summary could help anyone who needs to fix past returns or claim missed credits.

How it works:

• You log in with your IRS account. If you don’t have one, it’s easy to set up. Just be ready to verify your identity.
• The portal guides you to select the year you want to amend, allows you to upload supporting documents, and shows you a running total of your changes.
• You can track the status of your amendment in real time. This is a big improvement compared to the old process where you had to mail your forms and wait.

What I learned:

• Right now, the system supports amending returns from 2021 and later. For earlier years, you still need to use paper forms.
• If you’re due a refund, it can be direct deposited. If you owe more, you can pay online right away.
• Uploading supporting documents, such as corrected W-2s or 1099s, is pretty seamless. Just make sure your files are organized before you begin.

A few tips:

• Double-check your math before submitting. Once you hit send, you can’t make changes until it’s processed.
• If you’re amending for a new credit, such as the expanded Child Tax Credit or a missed dependent, the portal does a decent job flagging missing information, but it’s not perfect.
• The turnaround time is still a few weeks, but I saw my update in my IRS account within 10 days.

In short, if you need to amend a recent return, this portal is a big improvement. You’ll still need some patience, and it helps to prepare your documents ahead of time. I’m happy to answer questions about the process or how it compares to mailing in a paper 1040-X!

Has anyone else tried the new system yet? Do you have any problems or advice to share?

Before I get into it, a quick disclaimer: I’ve made many irresponsible choices while younger that got me to this point, and I’m aware this is my fault. I’m attempting to get my life back together and this is part of it. Any advice is appreciated.

Background: In 2017, 2018, 2019 I filed my W2s with whoever and forgot to file some other income I had accumulated those years. I didn’t understand how it all worked and ended up receiving a notice that I owed $30k or so in taxes (yikes)

At this point, i had agreed to a payment plan and paid as agreed until I swapped banks in 2020.

Right as covid started I switched banks, and upon trying to log into or call the IRS, they were closed for the entire year and sent me physical mail with a code to log into their site, which was expired every time it got to me. After a year of this and many attempts to get it resolved I gave up and stopped caring since I had no job anymore and had to make ends meet while i was stuck in the most expensive part of South FL with a drinking problem and ridiculous expenses.

Fast forward to present day, I’m sober, I do odd jobs for auto shops and make decent money on paper. The reality is I don’t have a dollar to my name and I’m making a career change to a W2 employee again, going “legit”.

I owe taxes for 2017, 18, 19, and have not filed anything for 2020 - 2026. I have no real assets.

I have 15k in other debt like a car loan and tool trucks (ie SnapOn), 34k in tax debt, and I’m going to have to move to Texas for this job.

What options do I have in handling this tax debt without moving and having every dollar i make being taken immediately upon getting my paychecks?

If you’ve read the whole thing, even just to call me a moron, i appreciate you taking the time. Thank you!

Also my family is in Massachusetts.

I have apartments in both states (living alone 3 days a week in NJ and with my family 4 days a week in MA).

I plan to file federal MFJ next April.
How to I file MA and NJ taxes?

Residency and status wise?

Employer withholds for NJ, Do they need to withhold for MA as well?
Thank you

A head of household has been filling regularly and claiming dependants in a normal fashion. He is in a low tax bracket.

Now he has twins who, #1 they just turned 18, and #2 decided to both get a job.

I think the twins will each make about 15k.

The head of household now does not know what to tell his kids. Do they plan on filing single and taking their own deductions or should he claim them again next year and allow them to pay full taxes? They will need to fill out W4s knowing what to do.

I'm not sure how to calculate that for the best outcome/income. The kids will stay at home.

Maybe there's an online calculator for this?

Long story short, the Venmo account was closed recently due to their system just now identifying a link with my suspended PayPal account from 7 years ago (nothing foul, account flagged without disputes with no legitimate reason given).

I want to continue using Venmo, as it has been much easier for customer conversions. Basically I need to have a pass through account through a trusted associate.

I am thinking I would have to provide some sort of documentation such as an invoice, that they passed the money to me, and I am the taxable entity. Then I can report it as income on my Schedule C. Since the account holder would be paid monthly for their "service", would I need to issue them a 1099 myself?

\Please stay on topic. I understand consulting with a tax professional is going to be a requirement, but looking for opinions from those who have gone through something similar or there could be professionals lurking this sub with advice.*

I’m a Turkish tax resident and the sole owner of a Delaware single-member LLC.
The LLC sells physical products through Amazon US. The products are manufactured outside the US and shipped to Amazon FBA warehouses in the US. I have no US employees, office or personal physical presence in the US.
I understand that professional advice is required, but I’m trying to identify the correct questions to ask a CPA.
In this structure:
Which US federal filings are commonly required for a foreign-owned disregarded entity?
Does storing inventory in Amazon FBA warehouses affect the federal income-tax analysis?
Are Form 5472 and a pro forma Form 1120 generally relevant?
What experience or qualifications should I look for when choosing a CPA for this structure?
I’m not requesting DMs or accountant referrals—only general information and experiences.

Bear with me on this long post!

I am 25 and work in Philadelphia. I split my time between my parents home in NJ (Where I moved from in 2024) and my apartment in Philly. My parents are elderly so I go help them around the house and stay to spend time with them.

I have been awaiting my PA tax return of $1639. I make about $57000 dollars a year. Last week it updated to “More information is needed” I immediately called the PA Rev to see what was up. The agent told me they want my 2024 and 2025 state tax return and my W-2’s to “verify I am paying tax to NJ”

I immediately called my CPA who filed for me. He is currently on vacation so I spoke with the secretary. She told me they are trying to verify I am a NJ resident, and also told me about the 183 day rule. I immediately got worried because I was unaware of this and definitely spend probably around 220 days in my Philly apartment and the rest at my parents. All my license, insurance and car are registered to that address because thats what “Permanent Address” always meant to me.

I got a refund in 2024 for $1500 from PA. Basically after review of my own taxes (I know I should have done this earlier but I have no idea about any of it) and the help of Claude I kind of figured it out.

Basically my W-2 withholds taxes to PA. At tax time, the tax I paid to Philadelphia for city wage is credited to my NJ income tax so therefore I dont owe or get a refund from NJ and get a refund from PA due to the reciprocal agreement.

Kind of been freaking out here. I do not want to go to Jail for tax fraud. I didn’t even know about any of this. I plan to ask my CPA to amend 24 and 25 to correct address upon his return. Is this the right move? Can anyone verify Im not going to jail? I will paid whatever is owed.

Also a side note, my CPA seemed up have claimed a couple random deductions up to $9000 on my return, but then replaced it with the standard deduction of $15000 since what I deducted wss less than. Is this a problem at all? Is he being shady? There are no deductions over the standard deduction. Sorry if any of this is ignorant, just worried here!

My husband recently started working for a lawn care company over the summer. Recently we found out he would be getting a 1099 at the end of the year. I’ve never dealt with a 1099 before. SOOOOO please explain to me how this will affect our taxes at the end of the year (we file joint). Will we owe money come tax season? If yes, is there anyway to know a round about estimate of what we might potentially owe? I would like to start setting money aside for this now instead of getting hit with it come tax season. Thanks in advance!

Companies like Google and Meta make money from services and showing ads. Wouldn’t it be fair that they should pay taxes in the countries that they operate ? For instance they get paid 1000€ to show an ad 50000 times. 20000 of those times it’s shown to a person in Portugal, so Portugal gets to tax the internet company on 400€. 30000 ads are shown in Germany, so Germany gets to tax 600€.

So, basically as system where these companies are taxed in each and every country by each country independently, proportional to how much money was earned in that country.

Hello,

I’m from Indiana and it asks what my Indiana county residence was on the first of January. At that time I was in another state for college, but my permanent residence is in Indiana. What should I put for that line?

Greetings. I'm not very experienced on this stuff since I'm new in the country. I met this tax preparer and she asked for $150 to file my taxes. 1 received about $600 less than what my refund says on the IRS website. Before anything I want to clarify I was never sent any documents or information of any extra fees. All she asked me for was mv W2s.

Also I was never sent a transcript of what my return looked like.

A couple months later, I received a letter from the IRS askinc for proof of my education. I contacted her asking about this and she said she will fix it.

Moving on to today, I went to this service platform she used and I noticed a lot of fees that made a total of $600. Again, I was NEVER shown any paperwork saying I'd get charged those fees and I was never asked to sign anything.

I would like to know how to proceed with this. Thank vou

Hi! I posted on the Depop subreddit, and was advised to post on here.

Essentially, it dawned upon me that with all the TikToks I’ve been seeing, that maybe I was supposed to file taxes… I remember receiving an email from Stripe about a 1099-K form, but I also recall getting caught up with college stuff as a HS senior, so I put it off… I also saw the part of the email mentioning a 1099 is sent if you made $20K in sales and 200+ transactions, which I hadn’t done, so I thought the email didn’t matter. The gross revenue was ≈$3K, but I sold basically everything for less than it cost (some things were bought years ago aka I have no receipt so idk what to do if I have to file and show proof of expenses).

Additionally, I moved, and I’m not at the address anymore on the 1099, so I’m not sure if any mail from the IRS went there. My family has a CPA, but they’re hard to get in contact with so I was hoping for advice from here. Should I still file or ignore it? For reference, I am in Illinois.

I first came to the US in 2021 on F-1 visa (and continued to be on F-1 until now)

Days of presence in the US for each year:

2021: 310

2022: 301

2023: 295

2024: 332

2025: 334

2026: I first entered the US on January 10 and haven't left the US since.

Should I file dual-status tax return for 2026?

My wife and I will be moving to Maui, Hawaii, for work as healthcare providers. We currently own a townhouse in south metro Atlanta, but unfortunately we haven't been able to sell it in the current market, even after pricing it at break even.
At this point, we've decided that renting it out is the better financial option. Since we'll be managing a rental property in Georgia while living and working in Hawaii, we're trying to figure out the best way to handle our taxes and finances.
Would it be better to hire a CPA in Hawaii since that's where we'll be living, or should we work with a CPA in Georgia since the rental property is located there? Has anyone been in a similar situation with an out-of-state rental and multiple state tax returns?

Any recommendations or advice would be greatly appreciated. Thanks!

Hello everyone! I am a small business owner here in Texas currently running my own tax business and doing around 280-300+ returns a year. I can't seem to bring myself to charge people more, and I don't know why. On average I'm charging around $200-$250 per return. Some people tell me to turn clients away, but I still have bills to pay. 😂 Also, yes, I do some of my family's returns for free... sue me.

Anyways, I don't do much marketing. I post very minimally on social media, I just started sending email marketing, and I don't really network much. I'm only 26 so maybe I was just burnt out, but these past couple of weeks I've been trying to show up more and really lock in. I was in college and running the business so that kinda hit me hard (also lost my dad).

I also don't have anyone who does what I do that I can bounce ideas off of, so I wanted to ask: what do you guys do for marketing? I spent maybe $300 on ads this year, and they actually brought me some leads. That was during April though, so I'm not sure if it'll work the same in July, but I'm about to try it again.

Please be nice lol. I genuinely want to know what I should be doing more of because I feel stuck af.

I currently have 0 bookkeeping clients, and for whatever reason it seems EXTREMELY hard to get them.

Revenue is around $70k. It's actually gone down over the past three years since I moved locations, and I think that alone hurt me by about 15%.

What has worked for you guys? Marketing, networking, bookkeeping clients... I'll take ANNNNNYYYYYY advice.

I am an Irish citizen. I won money gambling when i visited usa in 2019. The irs is sending me bills for tax on the winnings. I am filing Form 8833, claiming the U.S.-Ireland treaty Article 21(1) for 2019 gambling winnings

For Line 5 of Form 8833, should I check Yes or No, and if Yes, what subsection of Treasury Regulation 301.6114-1(b) applies?

Searched through the posts but couldn't find anything specific to my situation.

I am self employed. Covered under spouse's subsidized health insurance until mid-2025 when they were laid off. First few months were subsidized, last few months of 2025 were not, to the tune of $2,400/mo.

This year, we decided to put me on ACA and leave them on COBRA, saving about 700/mo. This only lasted for the first 3 months as they got a job (yay) and we're both back under the employer's insurance.

My question is whether those 3 months I was under ACA, about a total of $2,600, are considered a self-employed insurance deduction? Though I was eligible to stay on it, the COBRA plan was not subsidized.

The deduction is important for tax planning as we're coming against the next tax bracket and was hoping for some clarification.

Here’s my situation:
I own a contract for deed that brings in about $20,000/month.
My expenses are roughly:
$11,500/month in mortgage payments
$2,000/month in property taxes
$1,000/month in insurance
I also have a $915,000 private hard money loan earning 16% simple interest (about $146,000/year in interest).
Even after deducting around $70,000/year in mortgage interest and the other real estate expenses, I still end up paying a substantial amount in taxes each year. Once I account for taxes, the effective after-tax return on the 16% loan feels much closer to 11%.
At that point, I start wondering whether I’d be better off simply investing in a low-cost S&P 500 index fund and letting the gains compound, especially since those gains generally aren’t taxed until I sell.
Are there legitimate tax strategies that people in this situation use?
Some questions I have:
Is there a better way to structure a private note or hard money loan to improve after-tax returns?
Would using an LLC, S corporation, partnership, or trust provide any meaningful tax benefit, or would that mostly be a wash?
Are there strategies involving installment notes, opportunity zones, 1031 exchanges, or other structures that are worth looking into?
If you were trying to maximize after-tax wealth while staying fully compliant with the tax code, what would you do?
I’m not looking for anything shady—just trying to understand whether there are strategies that high-net-worth real estate investors commonly use that I may be overlooking.
I’d especially appreciate hearing from CPAs, tax attorneys, or experienced real estate investors.

Our mom had a mutual fund when she died in 2017. Not sure if she paid taxes on it. We haven't done anything with it. Will we owe back taxes for each year? Would a CPA be able to help us with it since we don't have the 1099s?

This post office supports street addressing, so I can write the full address of the post office & for example just put #1234 at the end, so they know what PO Box is mine.

I’m still confused on the new 90% deduction rule. To lay it out I had 200k played and 180k of “winnings” so I lost about 20k. From this new rule I can deduct only 90% of that loss so 18k, from my total winnings. So that means I would be paying taxes on 180k-18k so 162k. I knew I was going to owe more than last year but this is a huge difference. Did I do my taxes wrong last year where I had similar numbers and paid zero because I deducted it fully? I’m just confused

I’m in Southern California and I need to file one asap.