When someone exchanges or sells capital assets, like artwork, stocks, and land, they have to report these transactions on their federal income tax return. If you want to do this, you must fill out “Form 8949: Sales and Other Dispositions of Capital Assets.” Now, your sale can either be a gain or a loss. In …
How To Add Form 8949 In TurboTax? Do I Need To Fill It Out? Read More »
Form 5498, IRA Contributions Information, is a document that reports your IRA contributions to the IRS. If you’re saving for retirement with an IRA (Individual Retirement arrangement), you will get Form 5498 annually. This form mentions all your contributions to the account during the current tax year, which is done by the institution managing your …
Where To Enter Form 5498 In TurboTax? Understanding Form 5498 Read More »
Form 1098-T was first introduced in the Taxpayer Relief Act of 1997. This form’s purpose was to help the taxpayers so they could pay for their higher education. It used to have four boxes when it first started, which has changed significantly over the years. With the advancement of technology, there has been the emergence …
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TurboTax is a popular tax-preparation software that handles a big portion of e-filings of taxes. Many small and big organizations make use of this software to file taxes. The software is perfect for those who are qualified for free state and federal filing and need help navigating tax deductions and managing complex tax situations and …
What Is 8915-F In TurboTax? Ways To Fix Common 8915-F Issues Read More »
Whenever the tax season comes, it is obvious that you’ll need some planning and organization. And this holds extra importance for those who are self-employed. You’ll not only have to track your business expenses but also have to track streams of income from various clients. This is where the 1099-K comes into play. It helps …
How To File 1099-K On TurboTax? A Step-By-Step Process Read More »
The premium tax credit came into existence after the Affordable Care Act, which was introduced in 2009. However, to claim or get this refundable tax credit, there are a few requirements that you need to meet. In addition, you need to file Form 8962 with the tax return. But the question is, what is Tax …
Form 8962 TurboTax: What It Is And How To Get It In Turbotax? Read More »
QuickBooks Online is an accounting software with various benefits and advantages over the desktop. In fact, many people prefer using QuickBooks Online. You can also get cloud services to better manage payrolls, accounting, invoices, and expenses. There is not even a need for installation as you can access the program online with all its features …
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Prudent accounting is one of the key aspects of a successful business, be it small or big. QuickBooks offers a variety of accounting products, from beginner-level to advanced. All these plans differ from each other in features and pricing. As a result, you can choose one as per your requirements. To help you pick the …
QuickBooks Online: All Products, Prices, Plans, & Features Read More »
QuickBooks Enterprise is an advanced accounting solution from Intuit designed specifically for small to mid-sized entities. From 100+ reports and customizable forms to automated workflows, it has everything that you would need to streamline your finances and gain better insights into them. And today, we will be taking a detailed look at three of its …
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As technology continues to shape the way we live and work; businesses are constantly looking for ways to be more efficient. And in this, for many, QuickBooks has become an essential tool in achieving these goals. QuickBooks is a full-fledged accounting tool that takes care of small-to-mid-sized businesses’ finance-related needs. This software comes in a …
QuickBooks Desktop Premier Plus [Plans, Prices & Features] Read More »
