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do you have a video to amend a 1120s with turbotax

Mine doesn’t show the box with “get transcripts online” so it doesn’t show the option for “get transcripts” is there any other way I can get them?

Thank you that was a very big help

If you live in Florida and pay yourself the distribution how does that work? I know the distribution avoids medic, and SS but if your state has no income tax then is the distribution totally protected?

Does the IRS account for taxes on your gross income? Because the amount left over is not actually what I have left over for Remaining monthly income

Does dis include using your ssn

Can someone please help me ? I own 4,000$ but it looks like there has been some penalties .... (this is the the first time I received this letter) no clue I owned them money. Anyways , my debt is 4,000$ But it likes like since april 2023 there has been some penalties charges .... So now I own, $4,490 The question is ( obviously I dont have the money) ... what works best ? Paying it off with a credit card ? Or thru a plan with them ... If im not mistaken, if your doing minimum payments ... the interest will accumulate ....until you pay in full ?

White Donna Johnson Kimberly Williams Laura

I need a consultation

What if the sold amount is lesser than the cost / other basis for the RSUs ?? (Sold for loss) * Still do we need to file 8879 and schedule - D * Still we need to pay the penalty for missing to report 1099-B ? TIA

6:08 At your marginal tax rate between 10-37%. You're not just paying state and local like you just said a minute ago. You're just not paying FICA.

Yeah, but the profits pass through to your income taxes where you have to pay federal and local taxes. The only difference is that there's no FICA tax. The Feds just don't directly tax the corporation on the profits like they would with a C-Corp. You're saving money on paying less FICA and potential deductions and expenses a corporation can take. [With the K-1, a partner's earnings can be taxed at an individual tax rate versus the corporate tax rate. The tax rate an owner/shareholder pays on S corp profits is determined by their individual income-tax rate, which can be anywhere from 10% to 37%, depending …]

You don't need an LLC to file as an S-Corp. Absolutely not.

An LLC is a tax entity, and an S-Corp is a filing status you elect. As far as the IRS is concerned, you're either a sole proprietor, a partnership, or a corporation. Now, they want to see what you're doing with your LLC, too. That used to be between you and the state.

What do you charge to prep an Scorp tax returns?

I got this week a bonus of $1775--- only got $1160 oit of it 😢

This is the first time ever in my adult life I owe taxes back, I signed up to payment plan but my hours at work were cut, so I’m check to check. I don’t have money to pay the IRS & I’m mortified what will happen next. I don’t know what to do

Hernandez David Hernandez Laura Davis Jose

Hi, How can I get transcripts for Immigration? I can not see drop down menu

As an individual do I have to pay taxes in form 1040 Schedule E

I’m not dumb, I just needed it broken down lol

I have a Tax Lien, how would an OIC help?

feel free to ask for assistance from financial experts

Just feel free to ask for assistance now from experts

In my case CY RE is included of PY RE + Pre PY RE I knew it’s wrong what I have to do in this case ? Pls advice

Hi. Just confirming that I wouldn’t be eligible because I’m a stay at home mom even if I sign up one of my children for summer day camp.

Where can I find the excel sheet you were using?

What about if you file jointly let me know thanks

Hi, I am able to download transcripts from irs but here only showing my federal tax information. what about my NJ state tax transcripts. kindly give me info how to get my state tax transcripts by onlie since I am living in canad.

❤nice❤

Whats with all the titles saying this is an explanation for dummies? It's not very validating for the viewer and it makes it seem less credible from the creator. Why not just "simplified" or an "easy guide"

where do i find the "appreciation breakdown list" in quickbooks desktop?

I’m in the same exact situation as the person you helped in this video. Only difference is my debt is about $60K & I am self employed with no assets. I don’t currently own/lease a car & I don’t even currently rent a place in my name. I literally have couple grand in my account give or take. I applied for the Covid credit on my 2021 return (30K) received about $35K on refund & applied for the “fuel” credit on 2022 return but never received it due to audit. Would I be a good candidate for your services? Serious inquiry 😮‍💨

can this be saved as you go along? what if you cannot finish t in one sitting?

i have never used Turbotax, i am much less nervous now! thanks so much.

You can also get it if you haven't been in business 3 years yet (I believe). I think once got a 3K penalty removed with this bad boy...what a relief for my LLC that nets like 300/yr LOL.

Doesn’t it cost money for a tax return transcript? If so how would I pay that fee. Thank you!

I usually end up owing both state and federal every year and I usually do installment plans for both and one time I didn't do just a couple of months of state payments and next thing you know they took it out of my bank with no warning. So far in my experience the state has been more ruthless. Definitely makes you paranoid and worried as to what you these government agencies might put you through at any moment

Walker William Lee Sarah Taylor Mark

Its insane that they are allowed to add interest on this debt.

If you file 2553 with 1120S return is for prior year performance. Does it mean you file form 2553 one year late or you file 2553 in time?

Is it allowed that 1120S keeeps retained earning? Whether retained earnings is supposed to be distributed by K1 to be taxed on 1040?

This was a great video. Wish I had seen this first before all the articles/blogs I read all freaking weekend

So helpful! Thank you!

Hi Anthony thx for taking my call personally today and to any viewers I Just created my online account with IRS via ID me which was fairly simple with a smart phone to send pics and verify ID My concern was past due substantial amounts from 2007-2011 I was on an installment plan with IRS for about 5 years with monthly deductions Which suddenly stopped for over a year now it appears the 10yr CSED time frames kicked in and zeroed out (a great feeling)! I encourage anyone with issues to work through them with Anthony’s videos and just call him If I ever have any future issues with Uncle Sam he’ll be the first I call! Aloha

What is you you have a 401 K account you cannot withdraw from because its a Retirement account that you cannot touch until 67 years old. or leave job.

Needed this!

Awesome! Thank you for making this video. It's what I suspected. I already sent the 4506t. I couldn't find a way online for business transcripts; only option was the 4506t route, unfortunately. Thanks again!

I need assistance obtaining my W-2 Transcript.

So if there was a rebate from the utility for the installation after the install is done, would you subtract that from the total cost and then apply the 30%?