Tag Archives: taxes

How to Add a Third Party Designee in TurboTax Desktop (2025)

Monday, 2023.04.17 J.D. H. 4 comments

A Third Party Designee is someone you authorize to discuss your federal tax return with the IRS on your behalf. This is especially useful if you’re filing for an elderly parent, a family member in memory care, or anyone else who may not be able to call the IRS themselves. The designee can answer IRS questions and provide information about that specific return without needing full Power of Attorney verification each time. Note Updated April 2026 with TurboTax 2025 Desktop

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Last minute options for filing 1099-NEC forms

Monday, 2023.01.30 J.D. H. Leave a comment

Intuit QuickBooks for contractor 1099 filings: https://app.qbo.intuit.com/app/payroll With the web based QuickBooks online filing feature, the steps are basically:#1 add your contractors#2 add payments that you sent to the contractors#3 file the 1099-NEC (or similar) online with the IRS* *they e-file with the IRS as well as mailing and emailing copies to your contractors. The process takes a few steps but the end result has worked perfectly for me this year. As of right now, they offer a $7.50 reduced

What is the deadline for 1099-MISC to be sent out? [SOLVED]

Wednesday, 2019.01.09 J.D. H. Leave a comment

Question: What is the deadline for 1099-MISC to be sent out? Answer: For the 2018 tax year, employers should send the forms out by January 31st, 2019. Reporting payments to contract workers on Form 1099-MISC (box 7, nonemployee compensation) must be filed by Jan. 31. Source IRS.gov Do you have questions or comments related to this answer? If so, feel free to ask in the comments section below! Thank you and have a GREAT day 🙂 Best regards, -Jay D.

How to get scannable 1099 forms from the IRS

Thursday, 2018.01.11 J.D. H. 2 comments

Do you need a scannable 1099-MISC or similar* tax form from the IRS? *NOTE: while most tax forms are downloadable, for certain forms the IRS requires a scannable form that must be ordered. Thankfully, the IRS offers a simple service where you can order the forms for free and receive them within ten business days. You can find the order form here: https://www.irs.gov/forms-pubs/order-products It just takes a minute to fill out the order info; then you will get a confirmation like this: After ten business

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E-file vs Mailing Taxes – Audit Risk Analysis

Thursday, 2015.04.09 J.D. H. 9 comments

E-file vs Paper filing for federal taxes Being a programmer and attorney, e-filing is not an attractive prospect to me: Every year I strive to be as complete and accurate as possible when filing my taxes. However, as a programmer, it is apparent that e-filing makes it immensely easy for the IRS to instantly run validation, algorithms, and analysis on your return with zero human intervention. Once your data is electronically transmitted to the IRS all of your data can be analyzed in

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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

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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

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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