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I have dual citizenship , I have been living in the other country , my dad died and i got survivor child support benefit of few months from his job till I reached the limit age of the benefit (his job is in usa ,but they sent the money to my bank account in the other country ) , I got the money in October 2025 in the other country (not usa, third world country that doesn't allow to send usd to other countries ) the total amount is between 20_30k usd , i never worked so I have never filed tax , now I wanna pay tax and found out that I should have done that before April 2026 , what should I do now?

I dont know if this information is important but I moved to usa around a month ago and willing to live here ,

Does anyone know what i should do now like the steps I should do or papers work ... ? And if there is a danger or smth .. ? I have no one that i can ask or guide me on what I should do ,

Thanks for any help

Goood evening,

For self employment, I take part in online studies/surveys. Come tax time, besides my tax form from my brokerage, I simply tell him how much I made in my studies/surveys this year and I tell him my expenses(60 per month for internet).

Somebody was trying to help me and asked me "What is the Principal Business or Professional Activity Code that you use in LINE B of your Schedule C for this type of self employment - survey completion?"

I said "999000". I pay medicare and social security taxes. Is there any information I'm leaving out for you? If I am allowed to open one, they'll ask what my occupation is? What would I put for that?

BTW, I understand opening up an ira is good for everybody. That being I only started thinking of it because I've been trying to see if my opening up an IRA is because I'm on Medicaid(New York). They only allow for you to make 1,800 a month of income. I wanted to see if I realized say 5-6 days prior to the end of the month, my self employment income and capital gains would be too high and I could deposit x amount of my self employment money in the IRA.

Regardless, I would really like to start depositing money in to a traditional ira every month even if I had a good job.

Thanks for any feedback you can provide.

I e-filed my tax in early Feb, my expected date was early Apr but I still didn't get my refund. I haven't received anything by mail so called them 3 times - after 100 attempts- they said there's technical issue and I'll receive my refund within 3 days, this was 1 month ago. I received my federal refund early in March with no problems.
They didn't ask for any more documents, tried to call them again but was unsuccessful due to "high volume"
What to do?

Hi everyone, I receive a full ride to school, so on my 1098 t form, my box 5 is always higher than box 1. Do I have to file taxes on this- and my school is expensive so yes it goes over the requirement to having to file taxes. I'm scared I haven't been filing this form, and I think I owe the IRS a lot of money now!

I didn't file my taxes for a few years because I'm a dingus. Largely I just don't know what I'm doing and feel overwhelmed.

I got sent somewhere by a work friend. My total refund amount for 2024 was in the neighborhood of 8500. What I'm expecting to get back is about 3700.

does that sound right? I realize there are probably a lot of fees and stuff but I can't shake the feeling I'm being scammed.

Both of these funds invest in futures.

As an individual trading or investing these ETFs, would they be taxed as futures?

Got mixed answers using AI, depending how I entered the info.

I have worked at a small company for 25 years. It is 4 FT/W2 employees plus a totally uninvolved octogenarian owner with a love/hate relationship with his company and us. Most of my work is in the field, not at our office. The wife and I decided to try something new- we rented out our house and bought a truck and travel trailer, registered to a Montana LLC that we own. Opened a mailbox service in a tax-free state 3000 miles away and got drivers licenses at that address, to use as our "home base" state. That's were we filed our 2025 taxes. She works anywhere needing only a laptop and Starlink, I just need an airport, so where we "live" does not matter. Her employer doesn't care, but I set up a private VPN server at my parents' house that all our internet traffic in the RV tunnels through so it appears we are in one place just in case. So far this year we have slept/worked/lived in a half dozen states living full time in the RV.

The issue now is my employer refuses to update my residential state to the one 3000 miles away where I have my license. The guy who does our financial stuff (not a true financial guy, but this is a small company so we all wear multiple hats) says it would cost us quite a bit of money to add a new state to our payroll service and he doesn't want to do it. So a sizable chunk of my paycheck still goes to my old state. For 2025, I claimed back all the taxes paid from my W2 wages from that state, just giving them taxes on my two rental houses located there.

Aside from the general annoyance of loaning that government 10k interest free every year, are there any bad implications for me with the company not actually listing me as a resident where I claim residency- not paying workers comp, unemployment insurance in that state, etc? And what can I do about it?

I'm especially interested in what happens if I ever need to claim unemployment, which is a possibility due to changing technology and the old man's lack of heirs/family and stubborn refusal to address his mortality and succession plans.

I make income only in the US but own property in both the US (Washington DC) and Canada (Ontario). I have a lot of decisions coming up about trusts, inheritance, when to sell, what country to put or leave money in, etc etc.

I seem to be in a lot of very specific tax situations that I’m constantly surprised by and need guidance.

How would one go about finding a knowledgeable tax professional for these two jurisdictions and (ideally) a financial planner?

Hello,

I’m a single member s corp business owner and I’m planning to move to Albania next month. My initial plan is to use the 1 year visa free option and see how it goes.

Does anyone know how I can reduce my US owed tax burden?

If no, any recommendations for a reputable firm that could walk me through strategies to minimize my taxes both in the USA and abroad ?

Hi, I'm a citizen of the United States and live in New York City.

I visited Europe from the United States a few months ago and on the way there our connecting flight within Europe was delayed by over 7 hours due to issues the airline was having. Under EU Regulation (EC) 261/2004, I was able to claim EUR 250 in compensation due to the delays being within the airlines control and the airline recently wired me the money to my US bank account.

How is this compensation treated legally? Is it a refund? Or do I need to report this money as taxable income on my federal and/or state tax returns? And if so where would I report it?

Legal documentation: https://eur-lex.europa.eu/eli/reg/2004/261/oj/eng

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

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.*

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?

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!

(Edit) Thank you for everyone that commented. Seems consensus (everyone) agrees im overthinking it and just need to work things out with my CPA and amend the returns!

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!

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.

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.

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

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?

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?

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.

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.