current events
Does amended return show on transcript?
A return transcript shows most lines from the original tax return as it was processed. Changes made to the return after it was processed are not reflected...
Mar 02, 2026 • 1 READS
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Current Events
current events
Can you claim cash expenses without receipts?
The Internal Revenue Service does allow taxpayers to deduct some expenses without keeping receipts, and the agency allows credit card records and paid bil...
Mar 02, 2026 • 1 READS
current events
How can I pay income tax?
1. Steps to Pay Income Tax Due Step 1: Select Challan 280. Go to the tax information network of the Income Tax Department and click on ‘Proceed’ under Cha...
Mar 02, 2026 • 1 READS
current events
Can you get a second IRS extension?
You can request an additional extension of time to file taxes beyond the six-month period, but you cannot ask for multiple tax extensions. If the IRS does...
Mar 02, 2026 • 1 READS
current events
What happens if I forgot to put a W-2 on my tax return?
The IRS will often automatically make a correction to your tax return for missing or incorrect W-2 or 1099 forms. You do not need to amend your federal ta...
Mar 02, 2026 • 1 READS
current events
Do I have to report 1040?
In general, you must file a Form 1040 if: Your filing status is . . . However, if you have net earnings of at least $400 from self-employment, you must fi...
Mar 02, 2026 • 1 READS
current events
Can an American live in Nepal?
It has been estimated that there are several thousand Americans living in Nepal. Living in Nepal is an incredible experience for a number of reasons, incl...
Mar 02, 2026 • 1 READS
current events
What happens to my 401k if I move abroad?
If you’re a nonresident with a 401(k) and are planning to return to your home country, you can cash out the account, roll it over into an IRA, or leave th...
Mar 02, 2026 • 1 READS
current events
What happens after your tax returns have been accepted?
Once you are accepted, you are on the IRS payment timetable. Only the IRS knows the status of processing your tax return, whether you owe taxes or are due...
Mar 02, 2026 • 1 READS
current events
Who must file Schedule CA 540?
Requirements for Children with Investment Income For each child under age 19 or student under age 24 who received more than $2,200 of investment income in...
Mar 02, 2026 • 1 READS