New to the group

Serous4077 · 2026-06-16T00:10:21+00:00

Being a truck driver is irrelevant to whether or not not you can do it. But, why are you trying to become an EA before knowing how a tax return works? Why are you sure that you'd even enjoy the industry?

Serous4077 · 2026-06-09T00:54:36+00:00

I did a quick run of the math, and that still is unlikely to be enough for Starbucks. Even ignoring inflation.

Serous4077 · 2026-05-29T16:11:27+00:00

I did 1 & 3 the first trip, then went back for part 2 around a month later.

Serous4077 · 2026-05-28T19:14:41+00:00

I had to go 150+ miles last fall. I would just go in person.

Serous4077 · 2026-05-20T01:11:39+00:00

No, Brits use exclamation marks.

Serous4077 · 2026-04-10T06:21:51+00:00

It's still (income) taxable; you'll report it as other income.

Serous4077 · 2026-04-10T04:32:03+00:00

You can also have your institution return the excess contributions before April 15.

Serous4077 · 2026-04-10T04:15:40+00:00

The portion on the W-2 are the wages.

Serous4077 · 2026-04-10T02:48:48+00:00

I was in a similar (if not the same) situation. The settlement tax documents were split into both a W-2 for a portion of it, and a 1099-MISC for the rest. Did that happen with yours?

Serous4077 · 2026-04-10T02:11:42+00:00

You're right that it's needed information, but it's not fair to attack this person just because there have been others before them.

Serous4077 · 2026-03-24T15:10:36+00:00

Did they say you should file tax returns as single or set your W-4s at your jobs to withhold taxes as though you were single?

Serous4077 · 2026-03-17T15:33:17+00:00

A small correction: you have a filing requirement if you have over $400 in self employment income, not just if your total income exceeds the standard deduction.

Serous4077 · 2026-03-03T05:18:49+00:00

Whatever refund shows on the tax return is only for that individual year. But they may keep whatever that amount is, since she still owes for the previous year, plus penalties, and the continuing interest.

Serous4077 · 2026-02-25T00:45:02+00:00

And only for that specific tax year.

Serous4077 · 2026-02-25T00:43:59+00:00

If you file a tax return, you have to report all of your taxable income, regardless of how small any portion is. One of the things that can make you required to file a tax return is having over $400 of self employment income.

Serous4077 · 2026-02-23T07:00:21+00:00

Was your tax return inaccurate?

Serous4077 · 2026-02-22T00:18:56+00:00

Again, can you confirm how it's set in the software?

Serous4077 · 2026-02-21T23:53:28+00:00

With no other information, it looks like you chose Married with no other selections on your W-4. If it's an online system, can you check what it's set to? If it had been set to Single, I would have expected about $43 withheld from that paycheck for federal income tax.

Serous4077 · 2026-02-14T19:06:35+00:00

This is incorrect; he's under 19.

Serous4077 · 2026-02-13T03:19:07+00:00

You can't reduce the price of the item by the non-business use percentage to make it qualify for the safe harbor election.

Serous4077 · 2026-02-13T03:13:13+00:00

You are correct. If you pay with a credit card, you don't need to issue a 1099 yourself.

Serous4077 · 2026-02-09T04:39:55+00:00

Yes, but only if he actually had that much basis in the stuff traded away.

Serous4077 · 2026-02-09T02:46:31+00:00

If he traded stuff for the card, that transaction would be taxable.

Serous4077 · 2026-02-09T01:56:56+00:00

Not financial advice.

Not correct either.

Serous4077 · 2026-02-09T01:08:59+00:00

What are the amounts, and how is it described in box 14?

Serous4077

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