I'm working for a citizen here in Ecuador is necessary register the pensions in 5a and 5b too? The same amount... And relief COVID compensation in the line 8?
If you receive distributions from a pension, whether foreign or domestic, those amounts are generally reported as retirement distributions on Lines 5a and 5b. Whether they are subject to taxes will depend upon your tax profile. If you have more questions, please schedule a consult with our firm at: info@knottpllc.com
Hello, When you add a dependent that lives with you for only 10 mths of the year, should you change your ' Status" to head of the household if you are single. Are there any other changes that should be made eg. the amount in 12a. on the 1040?
how do you enter your charitable contribution if you take the standard deduction? I understand in 2021 you can deduct up to $300(single). Should I enter $ 300 in line 12b and include a receipt? Thank you for your response.
Cash contributions up to $300 per taxpayer can be deducted if you use the standard deduction on line 12b. Receipts don't have to be submitted with the tax return, but you should keep the receipts for your records in the event of an IRS audit.
If you are looking for ways to maximize your tax refund, please visit our video here: ua-cam.com/video/3RfbzsszbyM/v-deo.html
Who is the 3rd party designee 1040 form refers to? Thanks!
thanks for making videos on different Tax forms
Happy to help. Thank you for watching!
Jason Thank you for your explanation. All your Lessons are easily understood for you make it with examples.
How do you enter foreign tax from a 1099-DIV. How does one identify the stock attributed to the foreign tax?
Its very useful by teaching through software and also it is easy to understand for prepare tax return documents
Thanks for watching!
I'm working for a citizen here in Ecuador is necessary register the pensions in 5a and 5b too? The same amount... And relief COVID compensation in the line 8?
If you receive distributions from a pension, whether foreign or domestic, those amounts are generally reported as retirement distributions on Lines 5a and 5b. Whether they are subject to taxes will depend upon your tax profile. If you have more questions, please schedule a consult with our firm at: info@knottpllc.com
Thanks it is very beneficial video Kindly do one Favour make video on form W2 ,1099 INT,1099 DIV and 1098 in brief.
Hello, When you add a dependent that lives with you for only 10 mths of the year, should you change your ' Status" to head of the household if you are single. Are there any other changes that should be made eg. the amount in 12a. on the 1040?
Are these the same steps for US citizens living abroad? if not, do you have a tutorial video on how to?
how do you enter your charitable contribution if you take the standard deduction? I understand in 2021 you can deduct up to $300(single). Should
I enter $ 300 in line 12b and include a receipt? Thank you for your response.
Cash contributions up to $300 per taxpayer can be deducted if you use the standard deduction on line 12b. Receipts don't have to be submitted with the tax return, but you should keep the receipts for your records in the event of an IRS audit.
@@JasonDKnott Thank you for your response.
Hi. As a sole proprietor in my first year, do i have to fill out both schedule c and form 1040 separately or just one of them? Not sure
Schedule C is completed and filed with the Form 1040 tax return.
On which line do I put the 401K early distribution from the 1099R? Thank you.
Very useful
Thank you a lot
You are welcome!
What is the mane of the software⁉️
He is using Drake tax software