Comments on: Little Known Tax Facts You Should Be Aware Of

By: TurboTaxAshley

TurboTaxAshley — Wed, 13 Apr 2011 20:51:51 +0000

Hi Gary,

Don’t worry, TurboTax will automatically calculates the Making Work Pay credit for you.

Here is more info: http://turbotax.intuit.com/support/iq/TurboTax-Topics/TurboTax-Automatically-Calculates–Making-Work-Pay–Credit-for-You/GEN12830.html?_requestid=63071

Ashley

By: TurboTaxAshley

TurboTaxAshley — Wed, 13 Apr 2011 20:50:08 +0000

Hi Ann,

TurboTax does automatically calculate whether you get the Making Work Pay Credit. Here is an FAQ that will help explain who qualifies for the credit and how to find the Schedule M form within TurboTax.

http://turbotax.intuit.com/support/iq/TurboTax-Topics/TurboTax-Automatically-Calculates–Making-Work-Pay–Credit-for-You/GEN12830.html?_requestid=63071

Hope this helps,

Ashley

By: Ann

Ann — Wed, 13 Apr 2011 12:42:56 +0000

How do I file a schedule M if my Turbo Tax did not include it automatically?

By: Eilene

Eilene — Sat, 26 Mar 2011 13:15:16 +0000

Please e-mail me your thoughts on my responsibilities, before I start preparing my tax return. Thank You!!

By: Eilene

Eilene — Sat, 26 Mar 2011 13:12:54 +0000

I have had many stories about my tax situation. My brother and I owned my parents property for over 10 years. We sold it in 2010 when they went into a nursing home. We each received about 60k after splitting the money. Do we pay taxes on this money. My brothers’ accountant and financial planner say, no, unless it is over 500k. Everyone I have asked give my different answers. Most say must pay 15-20% on the money.

Help!!!!

By: Gary

Gary — Sat, 26 Mar 2011 12:15:53 +0000

Ok, what about those who file a 1040EZ? I didn’t find any instructions for that form that mentioned anything about any “Schedule M”.

By: diana

diana — Sat, 26 Mar 2011 12:00:35 +0000

i was told that if i had a IRA turned over to me after my husband passed that if i used part of it to buryhim and i have proof that i can not be taxted on it at least not on the part i have proof of

thank you

By: Lee Balestra

Lee Balestra — Sat, 26 Mar 2011 11:36:23 +0000

now i can check and see if all the info. above

on my copy of my return

Tks LB