I eventually got through to someone but they made it incredibly difficult, which significantly and unnecessarily deteriorated the otherwise okay experience. When you call, their phone bot can't recognize your account but don't put you through to customer support - rather they tell you go back to the online bot! Incredibly frustrating that you purchase a product from Intuit and you can't get in touch with someone to assist but are forced onto bots who are pretty useless. TurboTax and MacInTax, a personal and professional tax product that is the best. If you’re due a refund, there’s no penalty for failure to file. ![]() The penalty for failing to file represents 5 of your unpaid tax liability for each month your return is late, up to 25 of your total unpaid taxes. (c) Customer support is horrendous - they push you onto their bot which is terrible at figuring out your question. If you fail to file your taxes on time, you’ll likely encounter what’s called a Failure to File Penalty. You have to contact customer support to get the downloaded version and they cannot go back more than 3 tax years (so the software is pretty useless if I have to go back to review my questions and responses to handle IRS request in relation to income splits between myself and my spouse for past 5 years). Where Turbotax really falls down is the following: (a) It struggles with owning your own business while living overseas (b) You cannot easily access your prior year questionnaire and answers if you use the online version - you can only get the prior year return and any documents that you attach. Only income earned between the beginning of the year and the date of death should be reported on the. savings bonds or Treasury notes, bills or bonds. Box 2 reports interest penalties you were charged for withdrawing money from an account before the maturity date. Turbotax is decent for preparing your return and handling the e-filing of that return. Upon the death of a taxpayer, income is taxed either on the taxpayers final return, on the return of the beneficiary who acquires the right to receive the income, or on the estates or a trusts income tax return. Box 1 of the 1099-INT reports all taxable interest you receive, such as your earnings from a savings account. Okay for basic returns but terrible customer support An administrative law judge on Friday sided with the FTC in an order sealed from public view. federal individual income tax returns and paymentsusually April 15, but in 2023, its April 18 for most states.
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