Advertisements
Tag Archive | 1040

Trump Lied To You That 2018 Tax Return Was Going To Be Simpler, Easier & Postcard-Sized.

by Anura Guruge


Click images to ENLARGE.

All forms from IRS.gov.


OK, it is true that SOME of the forms are the size of EXTRA-LARGE postcards BUT all they have done is split the forms into MULTIPLE ‘postcard’ size Schedules.

It is stupid.

The basic ‘front page’ 1040 is split into two just to give the appearance that is SMALLER and akin to an EXTRA-LARGE postcard. But, it takes TWO of these EXTRA-LARGE postcards to do the very basics.

And then we have 6 NEW Schedules, viz. 1 to 6, in ADDITION to all the old & beloved Schedules A, B, C, D etc.

Sacré bloody bleu.

These new Schedules just complicate matters.

Trust me it is not simpler or faster.

I know my way around the 1040. SMILE. I have been doing taxes, on my own, for nearly a decade. I don’t use software. I do it by hand using ‘Free File Fillable Forms’ from the IRS or just PDF versions of the forms (also from the IRS).

In the last couple of days I did two fairly involved returns — both involving Obamacare, ‘Premium Tax Credit’ Form 8962. I worked it all out and got it done. But, it was really no easier than years before. Just more involved and fiddly.

So, Trump lied to us about this. But, what is new.


Related posts:
Search ‘Trump’.


by Anura Guruge

Advertisements

IRS ‘Free File Fillable Forms’ 2019 Has Issues With Form 8962, ‘Premium Tax Credit’.

by Anura Guruge


Click to ENLARGE and study.


Second year running that the usually estimable ‘free file fillable forms‘ has had problems with dreaded ‘ObamacareForm 8962. I guess it is one of the last forms they get around to tackling.

This year’s problem is crazy. Basically line 8a is dead. It doesn’t do the math and it won’t allow you to enter the value manually! I guess they had planned to make the two fields on that line 8a & 8b automatic — i.e., they would do the math. Simple enough.

8a = line 3 * line 7.

Guess they screwed up putting in the code to do that. So, it remains unpopulated.

And herein lies a fundamental problem with FFFF. If there is a way to OVERRIDE their ‘no entry’ block — I don’t know what it is.

They really should provide an OVERRIDE so that you can always modify or populate a field. Without that you are screwed.

So, I was screwed again. Also means I can’t use the FFFF electronic filing because I can’t complete all the Forms.

Luckily all 1040 Forms on IRS.GOV, this year, are fully editable online! Pretty neat. So, basically the same as FFFF.

So, I did Form 8962 and Schedule 2 online.

I, as I did last year, just mailed it in. Hate doing it, but it was the easiest for I.


Related Posts:
Search ‘Free File Fillable Forms’.


by Anura Guruge


‘Free File Fillable Forms’ For 2018 Federal Tax Returns (With Latest Forms) Now Available At IRS.gov.

by Anura Guruge


Click image to access the ‘FFFF’ gateway … you have to register.


Yes! YeS! YES!

I just love ‘Free File Fillable Forms‘ — from the IRS, available to ALL, for FREE.

I have been using it, with GREAT SUCCESS, for the last 7 years (if not more). It works like a treat and every year they refine it a bit more to make it even better.

Yes, the 2018 ‘tax reform’ has messed things up and complicated matters BUT you can still get around. I just started today. Looks good. I am happy. Enjoy/

Helps if you have a printed set of IRS ‘1040’ instructions handy.


Related Posts:
Search ‘Free Fillable‘.


by Anura Guruge


IRS ‘Free File Fillable Forms’ Has An Error On Line 26 Of Form 8962, ‘Premium Tax Credit’.

by Anura Guruge



This is a ‘Do the Math’ field.

You can’t enter a value in it, or override it.

The MATH is WRONG.

On Form 8962, IF line 25 is greater than line 24, IT does NOT leave it blank!

Instead it INSISTS on entering the value of line 24 — irrespective of what is on line 25.

IT will then even enter that in the 1040 line 69 and your RETURN will be TOAST.

Yes, darkly burnt TOAST.

The e-file spots the error. So, you can’t get away with it. {Smile}

I ended up just printing my return, making the corrections by hand, and MAILING IT!

So, a heads up.


Related Posts:
Search ‘Free File Fillable Forms’.


by Anura Guruge


Sir Winston Churchill Became A U.S. Citizen This Day, April 9, 54-Years Ago!

by Anura Guruge


I kid YOU NOT!

Yes, Sir Winston Leonard Spencer-Churchill KG OM CH TD PC DL FRS RA,
(30 November 1874 – 24 January 1965)
2-Term Prime Minister of Great Britain.


Yes, an Executive Order by JFK. No courts blocked that. {SMILE} Click to ENLARGE and admire. You can find it on the Web.


Click to ENLARGE and read here. Wikipedia entry: https://en.wikipedia.org/wiki/Winston_Churchill#Honours




His mother was American and Winston was always rather proud of that.

I am not 100% sure BUT I think it was ‘honorary’ so that he would not have to pay any taxes in the U.S.! By 1963 he was quite wealthy and his royalties from his many splendid works would have been substantial. I am sure Winston would not have wanted to file a U.S. IRS 1040 each year.

I wonder if Donald Trump knows the significance of THIS day — bust or no bust.


Related Posts:
>>>>
Search on ‘Winston’ >>>>
++++ Check Category ‘Events’ for other related posts >>>>


by Anura Guruge

‘Free Fillable Forms’ For 2016 Federal Tax Returns Now Available At IRS.gov.

by Anura Guruge


freefillable


Yes! YeS! YES!

I just love ‘Free Fillable Forms‘ — from the IRS, available to ALL, for FREE.

I have been using it, with GREAT SUCCESS, for the last 6 years (if not more). It works like a treat and every year they refine it a bit more to make it even better.

IF you know your way around a 1040 this is just perfect. It does NOT get in the way. It doesn’t ask any questions. You just plug away.

Just wanted to let you know the 2016 version is available for 2016 Federal Taxes. Way too early for me. I don’t get all my tax forms till early March!

Enjoy. Happy 2015 Taxes. Smile.


Related Posts:
>> 2015 Free Fillable Forms’.
>> 2014 Free Fillable Forms’.

>> 2013 ‘Free Fillable Forms’ eFile option.
>> 2013 ‘Free Fillable Forms’ Form 8949 ‘various’.
>> IRS Provided ‘Free Fillable Forms’: Huge Endorsement.


by Anura Guruge


New Hampshire ‘Interest and Dividends Tax’ (I&D) — Easiest Way To Calculate Is To Use e-file NH.

by Anura Guruge


nhintdivonline11

Click image to access the relevant NH State e-file option.


logo-efileI saw this morning, on this blogs ‘search strings’, that somebody wanted to know how to calculate New Hampshire ‘Interest and Dividends Tax‘ (I&D).

IF you, like I, are one of the ‘chosen’ that have to pay this tax it is rather easy to calculate. 5% of ALL interest and dividends declared on your IRS 1040 after a $4,800 exemptions for marrieds or $2,400 for singles. There are other exceptions too if you are disabled, blind etc.

But the quickest and easiest way to do is to use the FREE New Hampshire e-file option available from the N.H. State, i.e., nh.gov, Website. Go to RESIDENTS >> >> TAXES >> >> INTEREST & DIVIDENDS TAX. Click on ‘tax’ and look for the e-file logo (as shown here).

Just bang in your social, give them your e-mail, create a 4-digit PIN and Bob is your uncle. You are ready to rock and rumble. Very easy to use. Does the calculations for you and it is e-file. One-stop shopping. I have successfully used NH e-file for years. On Tuesday I breezed through with my 2015 filing in less than 3 minutes. Start to finish. Done. Getting a refund!

So go for it. Don’t even THINK of anything else. SMILE.


Related Posts:
++++ Search ‘tax‘ and for many other posts >>>>
++++
Check Category ‘New Hampshire‘ for other NH posts >>>>


by Anura Guruge


%d bloggers like this: