What r/tax is talking about this week

The IRS says I owe taxes from 2014, although I don’t recall having any income. I understand after 10 years the IRS can no longer legally collect the debt. Do I create an online ID.me account to...

Hi, I'm in a situation where I had been a long term W2 employee until they gave me an ultimatium to become an 1099 or be fired. The proposed agreement was illegal by 1099 standards and I refused....

Quick heads-up if you want an Identity Protection PIN ready for early 2027 filing. The IRS says its online IP PIN tool shuts down for annual maintenance in mid-November and is generally back in...

Hey all-- like the title says I had $28,607 in OOP medical costs this year. \~$3,354 paid for with my FSA funds, and I took out a 0% interest loan to cover the remaining $25,381 which I paid off...

I know “should I hire a CPA?” comes up here all the time, but I’m trying to understand where a tax adviser actually adds value, not just whether my taxes are “complicated.” My spouse and I have...

I'll keep it short and simple. I am 100% a Schedule C freelancer (sole prop, no W2 work). I pay for a coworking space that I, obviously, use only for work. I deduct that and have for years. I also...

Hello I live in Wisconsin and my payroll I am paying state taxes to both IL and WI when tax returns come this year will I get a refund for all the IL taxes paid?

I got married in June of this year. I have been above the Roth IRA MAGI limit for a few years, and have regularly done backdoor Roth IRA conversions. My wife was under the MAGI limit, and has done...

I got my first job back in late 2022. I only made a little more than a couple of hundred dollars that year alone according to my W-2. In the year of 2023, I was like "Oh wow, I can still...

Have a partnership that’s 40% husband, 40% spouse, and then 5% split across the rest who are children and spouses of said children. One of the 40% partners passed away, the partnership holds...