TPA
We can accept a Driver's License from this non-US country as a primary ID.
What is Canada?
Taxpayers who have filed extensions (Form 4868) must make their tax payments by this date.
What is April 18th?
TurboTax Live Tax Expert and living legend Michael Simmons was born on this date.
What is March 30th?
If a client is not document ready and doesn't think they will be ready to file by 4/18, we should recommend they do this.
What is File an Extension?
Taxpayers can contribute a maximum of $20,500 to these accounts for 2023.
($27,000 if they are over 50)
What is a 401(k)?
The IRS releases an annual list of this many tax scams frequently encountered by taxpayers.
We never request or accept this kind of identification because it can be illegal copy them.
What are military ID's?
TurboTax Online customers who had their original refund amount adjusted and need to amend will need to use this version of TurboTax for the amendment.
What is Desktop?
At a whopping 13.3%, this state has the highest marginal income tax rate in the US for 2022.
What is California?
(Hawaii is 2nd at 11%, and NY, NJ, and D.C. are all over 10%)
If a client has an S-Corp, Partnership, or Estate, they must do this before we can assist them.
What is file a business return?
Regardless of their actual tax obligation, taxpayers will not be subject to penalties for underpayment of estimated tax if they paid this percentage of their prior year tax due.
What is 100%?
(110% if your AGI was over $150,000)
H. Ty Warner, inventor of this famous toy, was convicted of tax evasion for stashing $24 million in Swiss bank accounts, but was able to avoid jail time due to his charitable work.
What are Beanie Babies?
This is the maximum number of sole proprietorships we can file with a single return in Full Service.
What is 10?
According to Notice 2023-27, the IRS is currently seeking comments on the proposed treatment of these unique tokens as collectibles under section 408(m)
What are Non Fungible Tokens? (NFT's)
This was the year of the first US Individual Income Tax Return.
What is 1864?