taxes | J.D. Hodges

Tag Archives: taxes

How to maximize my Earned Income Credit [Self Employed]

Tuesday, 2015.04.07 J.D. H. Leave a comment

Here is some very helpful info if you are self employed with (or without) chilren and you want to know the maximum credit you may receive: How Is My Earned Income Credit Calculated? TurboTax can calculate this for you automatically. The amount of your earned income credit depends on: – Your income (both your wages & total income are part of the calculation) – How many qualifying children you have: none, one, two or three. To receive the maximum credit

Treasury Direct 1099-B

Thursday, 2015.03.26 J.D. H. Leave a comment

Recently TreasuryDirect has been posting 1099-B forms in their online tax documents for TIPS holders. These forms can be a bit perplexing for people that never sell their TIPS but rather just hold on to them until maturity. Specifically, TreasuryDirect neglects to include the majority of the information the IRS requests. I have been putting together some notes on how to properly file the 1099-B’s, but for now here are some other resources on the topic: Treasury Direct 1099-Bhttp://www.bogleheads.org/forum/viewtopic.php?f=2&t=90716Treasury Direct

Tax notes

Monday, 2014.03.10 J.D. H. Leave a comment

https://ttlc.intuit.com/questions/2231912-need-help-regarding-cost-basis-for-a-1099-s-proceeds-from-real-estate-sale-city-reported-their-purchase-of-an-18-easement-to-extend-sewer-main-down-the-driveway-of-my-rental-property-to-irs-using-a-1099-s https://ttlc.intuit.com/questions/1772542-received-a-1099-s-for-road-right-of-way-permanent-easement-and-2-temporary-easements-how-should-i-enter-this https://ttlc.intuit.com/questions/2211264-i-have-a-1099-s-this-is-for-the-sale-of-land-right-of-way-to-a-utility-company http://www.portal.msue.msu.edu/objects/content_revision/download.cfm/revision_id.582335/workspace_id.580668/Oil%20&%20Gas%20Income%20Tax%20Consideration%20for%20Farm%20&%20Forest%20Lands.pdf/ http://www.aicpa.org/Publications/TaxAdviser/2014/march/Pages/Kebodeaux_mar2014.aspx

Use Thunderbird to find online transactions for Quicken

Wednesday, 2014.01.29 J.D. H. Leave a comment

Tax time approaches. Thus around the Hodges household we are catching up on our Quicken data entry. We track every cent we spend and anything that can make that process easier/faster is appreciated 🙂 That is one reason why I like Thunderbird so much, it makes it very simple to find emails that contain online transaction info (invoices, receipts, etc.) Here is the basic process: #1 Download the latest transaction info using Quicken This will give us a list of transactions

Get IRS 2012 tax refund status dates

Monday, 2013.05.06 J.D. H. Leave a comment

Here is a link to the IRS Where’s My Refund site. 🙂 Once you fill out the required info and submit the form, you should receive a status report for your 2012 tax refund that looks something like this: Here’s hoping you receive a nice large refund this year 🙂 Top Search Terms:irs.2012taxrefund (3)irs 2012 taxes (3)irs refund status (2)expected refund dated wheres my refund (1)get status on 2012 tax refund status (1)irs 2012 refund status (1)www.irs.gov where\'s my refund