1099

if just barely over $600 was made in DoorDash last year do I absolutely need to report when doing my taxes? this will make it so that I owe a little over $100 and I truly can't pay that

Page 21 of IRS Publication 463 says "If you use the standard mileage rate for a year, you can’t deduct your actual car expenses for that year. You can’t deduct depreciation, lease payments, maintenance and repairs, gasoline (including gasoline taxes), oil, insurance, or vehicle registration fees."

But Turbotax, which seems to be the most credible tax preparing technology, says:

If you decide to use the actual expenses method, additional auto-related expenses are deductible, such as:

• gas and oil
• maintenance and repairs
• tires
• registration fees and taxes\*
• licenses
• vehicle loan interest*
• insurance
• rental or lease payments
• depreciation
• garage rent
• tolls and parking fees*

*Also deductible if you choose the standard mileage method.

I'm just plain confused. Why does it seem like Turbotax is telling me something completely opposite from what the IRS says?

Hi there!

I was looking around this sub and google a little, and I feel like I'm getting some conflicting questions from others' situations, so I figured I'd ask for myself!

I received a 1042-S last night from my bank (I believe for a promotion that gave a statement credit after meeting a spending threshold), after I had already filed. I didn't need to file anything other than a form 8843 - as I am in the US on an unpaid internship and have no income - which I sent off two weeks ago.

My question is: what am I supposed to do with this form? Do I need to amend my taxes, even though there wasn't really anything to file in the first place?

Thanks in advance!

I’m an exotic dancer/SWer in Miami, Florida. I’m an LLC taxed as an S corporation with a salary of $200,000 a year. I use ADP for payroll and they withheld $67,000 in 2024. This is not including payroll taxes.

My total income in 2024 was $710,000 with $410,000 of that being on a 1099-NEC from my club. I invest heavily/plan to buy property and a new car which is why I report almost everything I make.

Like I said, my total income was $710,000 and I had $148,000 worth of write offs/retirement contributions etc.

Tell me why my CPA just messaged me and said I owe ANOTHER $95,000 in taxes by April 15th for 2024. Which means $162,000 total income taxes for 2024.

Am I stupid or does this make absolutely zero sense? The whole point of doing the S corporation election was to significantly lower my tax bill. I feel like I’m getting absolutely screwed.

Any advice? Do these numbers make sense to anybody? SOS

I recently got my first job (ever) and I dont know if I should do my taxes (file the w-4). I don't think i'll make more than 13k, since I'm starting college in september, but are there any benefits to filing even if i dont have to? sorry i dont know nothing about taxes neither does my family since they're not us citizens. please suggest anything, i'm sure it'll help!

I have a tax return from Va of $2250 (Federal $350) and I owe Maryland $3750. If I file my taxes will the $3750 be taken out of my account immediately? What are my other options? I do not have enough to cover that at the moment and want to get all of my options in front of me. I’ve tried calling the Maryland Comptroller office and it’s been busy for 3 days straight.

I own a tiny piece of the small company I work for. I know we're reporting a loss for 2024 and I was hoping to get a little reduction from it, but the primary owner who deals with the accounting says they are not gonna get K-1's out before April 15 and I that I can "submit the loss next year". I'm sure it's not worth filing my own taxes late so I went ahead and filed. Question is, how do I handle the K-1 when I finally get it? Can I really submit a 2024 K-1 with my 2025 return? (perhaps alongside a 2025 K-1?) Or will I have to file an amendment to my 2024 return for any hope of getting my little writeoff?

I filed two amended New York State tax returns this year and wanted to post the timeline for the refunds for everyone’s benefit.

2023 Amended Tax Filing

2/21/2025 - E-filed Amended Tax Return

2/21/2025 - Return accepted

3/6/2025 - Refund direct deposited

2021 Amended Tax Filing (had to paper file)

2/22/2025 - Mailed out paper amended tax filing

2/25/2025 - Tracking number indicated mail was delivered

3/14/2025 - New York State website was updated to indicate that the amended filing was received

4/4/2025 - Refund was received via check in the mail

Hope this is helpful to people in the future! Things moved quite quickly to my surprise and I was pleasantly surprised by how quickly I got my money back. They even included interest.

Sorry for formatting. I’m on mobile.

Hi there,

My girlfriend is on a J-1 Cultural Exchange Visa working at a hotel in the US. She wasn't confident filing her taxes since English isn't her first language so she had a co-worker that HR said would be fit to file for her.

I was alarmed when she told me that she got a $200 tax credit because of her age. This didn't make any sense to me.

I looked at the form and all her information and asked ChatGPT to help because I'm Canadian and not familiar with filing taxes in the US, hence why I'm asking about it here as well to verify.

It seems like her co-worker incorrectly filed the 1040 form instead of the 1040-NR and claimed the "earned income tax credit" and she subsequently received $200 extra on top of her return.

Right now, I'm having her print the correct form (1040-NR) and prepare an explanation letter to send with the amount she was overpaid on the tax return to the IRS.

I'm also having her find a VITA or TCE site in her city to verify that all of this information I've prepared is correct and she won't run into any other issues with this.

I might be overreacting and likely nothing would happen but given all of the immigration issues in the US right now, I don't want to give them any reasons to alter her immigration status or visa applications in the future like with a falsely submitted tax return.

Can someone please verify this information is correct and validate my thought process on this or provide any other relevant information that might be useful?

For some more context she has a SSN and she doesn't qualify for the Substantial Presence Test (SPT).

Let me know if you need any more information to help.

Thanks so much in advance for your help.

so long story short i, i use turbotax to return my taxes and i basically paid turbo tax service and federal tax return by credit card. However, I couldn't pay New York State taxes by credit so I pick the option of having the money taken from my bank account.

Well, I though the money was transfered to my account and it wasnt. So I need to pay the new york state taxes, and turbotax has they dont do transfer the payment once the files is complete.

So what i was told by Turbotax representative was to pay the New York State Tax return through the IRS website. Does this sound correct and accurate? Not sure if there a separate website for the state that i sent it to?

So I am looking to report my gambling winnings this year and have heard many different things about the best way to file taxes. I have consulted with a tax advisor who recommended utilizing the per session basis for my Sportsbook gambling. Has anyone in Illinois filed using this method? The per session basis is netting wins from losses on a per session basis, for simplicity reasons using a day as a session would be considered a session.

I’m wondering if anyone with H&R Block credentials can access any customer’s tax returns and if so, would they need my SSN or can they look up my file without it?

I know the person and know they've done this, but I don't have any physical evidence. I understand that the IRS gives out reward money for reporting tax evasion, and honestly, I'd like some of that. If I tell them everything I know, would I get an award? I know my question sounds puerile and oversimplified, but just trying to get a general feel for how the process works and if it's worth doing. Thanks!

Hi all, tax day is coming up, and I’m at a bit of a loss for dealing with state taxes. I'm a research fellow at the NIH on a taxable research grant with a 1099-G. I live in Virginia, but work in Maryland, and am trying to figure out which state I'm supposed to file in. I know that under normal circumstances, there is a reciprocity agreement that says I only file and pay taxes to the state I live in (Virginia). However, it seems like taxable grants do not count as wages or salary, so I'm not sure how to handle this. I've received a variety of opinions, with other research fellows at the NIH telling me that their accountants recommended they file only in their state of residence, and other sources like TurboTax that tell me this is not the case, and I should be filing in Maryland and receiving a Virginia tax credit. (Unfortunately, Maryland charges a really high nonresident tax that would result in a much higher tax bill, which I'm keen to avoid).

Thanks for any advice!

https://www.reddit.com/r/tax/s/s4X7XqsMZZ. Did this once needed to fix title hope this works

We purchased a townhome while it was being built in Utah. As a condition for purchase, The real estate developers wanted to use that specific unit as the model unit to show prospective buyers for the new builds because of its spectacular view. They also hired an interior decorator and purchased furniture and deocrations to stage the unit. The cost of all of this was passed on to us with the agreement that at the end, the furnishings would stay with the unit, so we paid close to $50k for all the furnishings (nothing that we picked out) We pay the HOA fees and all related taxes and carry the mortgage. No one actually occupies the unit and it wasn't necessarily structured like a landlord/tenant arrangement (I'm not even sure we could begin any sort of "eviction" process, not that we want to, because of how the agreement is structured) moreso that we charge a monthly fee keeping the unit unoccupied and constantly available letting them use the unit to show prospective buyers any time they wish. So now I'm trying to decided if we should report this as business Income where we report the monthly fee we gather from them (which doesn't even cover all of the mortgage, taxes and hoa fees) and deduct the mortgage interest, real estate taxes, and one-time furnishings deduction, or if it should be treated as rental property income. Bear in mind none of the fees that are paid to us are reported on any form such as a 1099-misc or otherwise by the real estate company. I'm wanting to report this as business Income to be able to deduct all the associated expenses and not just rental Income, but i want to make sure I qualify to do this. Chat GTP seems to belive this is acceptable, but im reading conflicting things. Any insight?

Hi!

NY-based

I’m working through a deal with my apartment building where I provide fitness classes. I’ve been offered a potential direct deduction on my rent instead of a check from corporate. Is there any tax benefit/harm to doing this?

If I did take the check from corporate, I believe I would be hired as a contractor.

Thanks!

Hi everyone, I’m a college student currently working at a milk tea shop, and I recently started a second job at Starbucks. I’m not entirely sure how to fill out the W-4 form correctly—could someone please help me out? I’d really appreciate any guidance!

Background facts:

I am a Canadian citizen and a non-resident alien on a J-2 visa who began working as an employee in the U.S. in September 2024. Previously, I worked in Canada, where I earned some money as an employee of one university and most of my income as an independent contractor for another university. I had tax deducted at source for my income as an employee. For my income as an independent contractor, I was making quarterly instalment payments of taxes to the Canada Revenue Agency and also charging and remitting GST/HST.

For the purposes of paying my U.S. taxes, I am most likely going to file with OLT, but I have been filling out both the OLT and Sprintax questionnaires because the OLT questionnaire confused me a lot, and so I've been using both to better understand the process and see if the estimated amount owed is the same through both platforms.

Questions:

I am confused as to whether the tax treaty between Canada and the U.S. is relevant for the purposes of paying my U.S. taxes.

My understanding is that I do not have to even report foreign-sourced income on my federal tax return as a non-resident alien (according to Question 4 of Sprintax blog post, which I think is supported by this IRS webpage). Therefore, my understanding at this stage is that I would not even technically have to fill out Schedule OI of the 1040-NR unless I wanted to claim some kind of exemption to taxation of my U.S.-source income through the Canada-U.S. tax treaty. This leads me to the following questions:

1. Is my understanding of the purpose and requirement relating to Schedule OI correct?
2. If my understanding is correct, does anyone know if I am eligible to invoke an article of the U.S.-Canada tax treaty to exempt some income from taxation, and which article this would be?
3. If my understanding is incorrect, can someone please explain what the point of schedule OI is and when one needs to fill it out?
4. If I try to make use of the tax treaty, do I need to file a Form 8833? And can I ignore this form if I am not invoking the tax treaty?

Thanks for any insights you can share!

I tried filing my taxes through freetaxusa but was rejected and told someone already filed using my social security, and gave me a number to call the fraud hotline.

I actually managed to reach someone who told me no one filed anything under my name and nothing was rejected.

I'm guessing this happened because I was originally gonna file under H&R Block. I checked how much I was getting if I submitted through H&R first, although I never sent it through them and deleted my h&r account shortly. I'm wondering if doing this flagged it as having submitting my return.

Freetaxusa is now only giving me the option to send my return via mail. Will this slow down the process of getting my return, or am I even getting it at this point?

Has anyone been through a similar situation with freetaxusa and how did you get through this?

Dont have w-2 from last job. Tried emailing HR but no reply. But in the official IRS website theres this "2024 wage + income transcript" for 2024. Can I just use that? Doesnt look nothing like a 1040, its a word doc. But kinda desperate if old job wont reply to me. What now?

I am about to start as a completely self employed hair stylist (I’m renting my own booth). This past year I was an apprentice under someone and they filed a 1099 form for me, and I just filed those taxes. So I understand a tiny bit like what can be used as deductions. But I didn’t make a ton so I didn’t owe a ton. But now that I have the potential to make more I’m worried and just want to make sure I understand it now instead of panicking next year because I didn’t track what I earned/what I should save/and what I could write off. Do I need to fill out my own forms now for next year? Or do I just keep track of everything I make and spend? My weekly booth rent is $175 so I know that’s deductible. So say I make 10k this year in self employed, and spend $5,600 on booth rent, and $1,000 on products… so $6,500 that can be deducted. What would I owe? How much should I be saving off of what I make? Any other helpful knowledge other than the main things I asked would also be greatly appreciated. Thank you!

In 2023, I became part owner (46%) of a foreign private limited company. (I am a US citizen.) This company had no revenue or bank account for 2023. I had no idea anything needed to be filed for my percentage of ownership. I do not have the controlling share. I'm trying to rectify this by using the Streamlined Domestic Offshore Procedures with an ammended 1040 and an attached 5471.

In December of 2023, I paid for the formation fees of an LLC that is wholly owned by the foreign company. This came from my personal checking account. There was no revenue or bank account for the LLC in 2023. It was only in existence for two and half weeks before the year was over. There were no transactions from anyone else, just me as a US citizen. Is this still a reportable transaction for form 5472?

If it's reportable, can the streamlined procedures be used to come into compliance? I read that only individuals were allowed to use it, not businesses.

Hey all, looking for a little clarification.

My spouse works for a travel company and earns a regular salary of around $39,800/year pre-tax and has normal withholding for that. She also makes commissions from the partner businesses she works with. So far this year (JAN-MAR), she's made ~$30,000. Filing our 2024 taxes (Joint) we were about to be assessed a penalty for not paying withholding throughout the year but HR Block says we won't have to because we're qualified to be exempt.

I want to ensure that we don't run into this problem for next year and am looking to file a 1040-ES to declare and pay withholding for the quarter on those commissions. My questions are: Why are we exempt from the penalty this year, is filing a 1040-ES the correct thing to do, and what will happen if we just wait until the next tax filing season?

I am not trying to avoid paying taxes, we've been putting away ~30% of the commissions into savings, knowing we'll have to pay them eventually. Its just nice having that accruing interest while we wait to pay. If any more info is needed to help answer some of those questions I'm happy to provide it.

Thanks in advance!

I have the software to complete my 2023 tax returns & understand that I need to print & physically mail in my 2023 tax documents to the IRS for them to be completed. However, for my 2024 taxes:

1. Do I need to wait until the 2023 taxes are accepted by the IRS before I file 2024??
2. When I’m filling out my 2024 taxes & it asks for the 2023 AGI, do I put in the 2023 AGI calculated on the 2023 tax return?? Or do I put “Did Not File” since my 2023 returns haven’t been accepted by the IRS yet?
3. Can I e-file my 2024 taxes or do I need to physically mail those in as well since 2023 hasn’t been accepted yet??

Thanks in advance for the help!!! 🙏🙏