NQDC Interest Determined Under Section 409A(a)(1)(B)(ii)
If a taxpayer receives income from a nonqualified deferred compensation plan (NQDC) that doesn’t meet the requirements of 26 USC...
Software Features
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Alternative Minimum Tax (AMT)
The Alternative Minimum Tax (AMT) is a separate tax from regular income tax and applies to higher-income taxpayers who benefit... -
Social Security & Medicare Tax on Tips – Form 4137
Taxpayers who work in an industry in which a portion of their income is earned from customer tips along with... -
Other Taxes Menu
The Other Taxes Menu can be selected on the left side of the Form 1040 screen and contains several sub-menus.... -
Alternative Calculation Methods on Form 8962
Form 8962, Premium Tax Credit (PTC), contains two parts that may need to be completed in certain situations. Part IV,... -
Form 8962 – Premium Tax Credit
If anyone included on a tax return purchased health insurance through a Health Insurance Marketplace, they will received Form 1095-A,... -
Form 1040-ES – Making Estimated Payments
Estimated Tax Payments are required advanced payments of current tax liability based either on wage withholdings or installment payments of... -
Form 1040-V – Payment Voucher
Form 1040-V, Payment Voucher is a statement that your client may send with a check or money order when paying... -
Form 2210 – Underpayment of Estimated tax
Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income... -
Amount Paid with Extension
If a payment was made with an automatic extension request filed with either Form 4868 or Form 2350, the payment...