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If one does not remember the "Date Filed" in line 7, what should one write there? I only remember the month and year I probably filed. Please help 🙏🏻

Great video can would you happen to know the time frames for refunds for 1041?

Thank you so much! Having an example was really helpful

Does a foreign owned llc engaged in stock investments is it liable for estate taxes?

Thank you for the fantastic, informative video. I live in Nevada and I am preparing my 2022 taxes.I gambled in 2022 and kept detailed records of my gaming results. I won a little over $4,000.00 and loss close to $5,000.00. In Nevada you are allowed to offset your wins if you have lost more than you won. I reported my gambling winnings on schedule 1, line 8 b of my 2022 1040. I reported my losses as an itemized deduction on Schedule A. From the research I have done, it appears that I am permitted to use the Standard Deduction of the $12,950.00 on line 12 of the 1040, instead of the itemized deduction related to my gaming. Is this accurate?

Question: Why is a "0" not entered on line 15 of form 709 since it says to subtract line 14 from line 6, which would result in "0"?

Excellent video like other videos of this channel. I'm a 20+ year CPA, but am doing this for a client for the first time. Thanks.

Any recommendation on a CPA that understands this status and is licensed in Wyoming?

gracias!! excelente informacion.

Thanks!

OUTSTANDING!!

​​@JasonDKnott Hi, I have a situation where I have a capital loss of 50K$. I know there is a limit of 3K$. Let's say I decided to stop trading for the following years, can I use the yearly 3K$ capital loss to offset my ordinary income until I reach the total capital loss of 50K$? Thank you in advance

Can you do a video too on how to handle K-1 that is not final? I bought an asset on Stockpile that I had no idea it was going to make me do all this stuff, now I have to learn.

My girlfriend file her daughter on her 2023 taxes and she's 18 will she gets it

My girlfriend file her daughter on her 2023 taxes she's 18 will she's getting tomorrow

Awesome! Thank you

What are the rules to decided which member gets W2 and which ones not? Thanks!

Wht about the monthly payments for the kids ?300 each child?

How come John doesn't get W2? Is this ordinary income subject to SE tax then? thanks!

Question: If the two $34k checks came from a joint account is form 709 still mandatory to file?

Is this issue still the same? I just notice Amazon Tax Interview now has all the information. For example Individual now includes Single Member LLC Disregarded Entity. LLC Type also contain Disregarded Entity. Can you confirm if this issue is now addressed by the Amazon?

love it can we have foreign income exclusion and 5471 when a US living in foreign country owns more than 30% of foreign entity?

What do I type in to get the 8962 for 2022? I'm trying to figure out where to start based on an amended 1095 I received. Can anyone help?

How do you pay taxes if your immigration status is terminated but you still a us tax residedent under a substancial presente test ?

On Form 8962 section 8b it says to divide by 12. However my 1095-A was only for Line 19 thru 23 (August thru December = total 5 months). Do I still divide by 12 (as in 12 months)? If so, it came out a negative number. Should that be correct?

Thank you Jason! can you please teach how small business file tax in CA as a LLC but taxed as S Corp? Seems plenty forms business owners to file, tia!

Can I claim unused eitc ?

Your example is set at exactly $17000 by each spouse, which is tax-exempt. Please give an example for say $100,000 given by a spouse from a Jr Account to child.

Where do we mail it to? Does it go by the state that you worked in? What if I mailed it to the wrong state

I retired last year and was covered under insurance from my job. In December 2023, I start receiving Medicare Insurance. I filed my 2023 taxes timely with my 27 year old son as a dependent and owed and paid my taxes. I just received a letter in the mail from IRS stating that Form 8962 and Form 1095-A is needed as insurance was provided thru the Health market. I was not aware that my son applied for Obama Care coverage. I have completed Form 8962 but not sure how to complete Part IV Allocation of Policy Amounts or maybe I don't have to as only my son had coverage through the health market.

Can you please teach how to report NOL? Thank you!

Could we get the supporting excel sheet and forms someone join the channel?

Thanks bro it helped a lot.. i recently move to newyork from tblisi

Thank you Jason, your video is to the point.

Standard deduction is subtracted from ordinary income. Not long term gains.

What about the second page of 8962 Parts 4 and 5?

Where did the number in Column F come from?

Please slow down!! You are going way too fast for me to keep up. You have my head spinning!!

Another fine video Jason. Thank you. Allow a question please. Taxpayer passed away in January, was 69, single, no dependents. His older brother is the person responsible for the final returns. Gross Assets about $1M. Do we file Form 56 and then need a POA (2848) to pull transcripts and past return data? Can this all be done at once?

Would this be the right form to use to recover the FICA taxes that your former employer withheld from a final distribution from a SERP after termination from service, if they had already previously withheld FICA taxes on all the previous years when they made the contributions to the plan?

Can I gift my friend the max for that tax year for the next 20 years with out filing a IRS Form 709 (Gift Tax Return)?

Why is this so complicated

My uncle died earlier this year and left me a parcel of raw/undeveloped land. It is being transferred into my name. I have a buyer who is going to purchase it and expect that to close in a few months. So I will both acquire and sell the land within the span of a few months, for $0 capital gain. In this scenario, will the closing attorney submit this same 1099-S form, and will I then fill out the same form shown in this video on my tax return with minor changes to match my scenario? Which box would I check since this is not long-term and is all happening within a year? Thank you.

Thank you so much! Can you please teach a class about from LLC single member to multi members 1065 and S Corp? How do we allocate the income and liability when entities restructured in the middle of the year? Thank you thank you!

Amazing explanation

If a taxpayer lives and works abroad less than 330 days, such as 280 days, can he still choose to file 2555 form in order to exclude certain amount of his ordinary income?

Thank you for the great video. I would like to know whether a taxpayer needs to file both 1116 form and 2555 form? or he has to choose one of these two forms?

Great video! I would like to know wether taxpayer needs to choose one of two forms to file their foreign ordinary income ? form 2555 or form 1116? or they can file both at the same time?

Does it matter if the 2nd partner is a LP?

Great video thank you so much. I would like to know whether 1116 form has schedule A?