Mwjconsultancy

  Form 5498, IRA Contributions Information, is a document that reports your IRA contributions to the IRS. If you’re saving for retirement with an IRA (Individual Retirement arrangement), you will get Form 5498 annually. This form mentions all your contributions to the account during the current tax year, which is done by the institution managing your IRA. So, if you want to know where to enter form 5498 in TurboTax, this guide is for you. Source: form 5498 in TurboTax

  Form 1098-T was first introduced in the Taxpayer Relief Act of 1997. This form’s purpose was to help the taxpayers so they could pay for their higher education.The “T” in 1098-T implies the tuition statement, which you can find in the IRS records. It is a report of eligible educational institutions in the US to maintain the record of due and receiving payments from the students. Source: Form 1098-T In TurboTax

  TurboTax is a popular tax-preparation software that handles a big portion of e-filings of taxes. Many small and big organizations make use of this software to file taxes. 8915-F is a form that the IRS requires for reporting disaster-related retirement distribution and the funds’ repayment. This option became available after 2021; prior to that, 8915-E was the available form. The option for filling this form is also available in the TurboTax software. Source: turbotax 8915-f

  Form 1099-K displays the transaction value the PSE has issued for the last year for you. Furthermore, you can still receive a Form 1099-K even when you’re not self-employed or run a small business. So, this raises concerns regarding how to file the 1099-K on TurboTax if you have received Form 1099-k. Moreover, if you are not a business owner, you want to know how to report a 1099-k. Source: 1099-K on TurboTax

  The premium tax credit came into existence after the Affordable Care Act, which was introduced in 2009. However, to claim or get this refundable tax credit, there are a few requirements that you need to meet. TurboTax can help you file form 8962 so that you can lower the premiums for your health insurance or get the full credit when you file the tax return. Source: Form 8962 TurboTax

 QuickBooks Online is an accounting software with various benefits and advantages over the desktop. In fact, many people prefer using QuickBooks Online. You can also get cloud services to better manage payrolls, accounting, invoices, and expenses. There is not even a need for installation as you can access the program online with all its features and some extra. Source: Primary Admin in QuickBooks Online

  Prudent accounting is one of the key aspects of a successful business, be it small or big. QuickBooks offers a variety of accounting products, from beginner-level to advanced. All these plans differ from each other in features and pricing. As a result, you can choose one as per your requirements. Source: Quickbooks online products 

QuickBooks Enterprise is an advanced accounting solution from Intuit designed specifically for small to mid-sized entities. From 100+ reports and customizable forms to automated workflows, it has everything that you would need to streamline your finances and gain better insights into them. And today, we will be taking a detailed look at three of its most popular plans that you can get right away. Source: QuickBooks Enterprise Solution

  QuickBooks Desktop Premier Plus is among the popular ones. And today, we will be discussing the same in detail. We will start by closely looking at it, then we will move on to its features, then what’s included in the package, and finally, who it is for. So, if you have an eye on QuickBooks Desktop Premier Plus, you should definitely stick to the end. Source: QuickBooks Desktop Premier Plus

  TurboTax advertised its freemium edition first but continued to take money for filing taxes, which they should have filed for free. In this case, this settlement was necessary. Hence, if you also have filed taxes, you must be eligible for a refund. TurboTax is a well-known software for preparing tax returns worldwide. TurboTax offers you two types of services- Free and Premium. Source: TurboTax lawsuit settlement

  This error usually occurs when your TurboTax account goes on billing hold, or the pay with My Refund accidentally adds twice to your shopping cart. However, this issue is technical and occurs through your computer and internet connection. Still, it requires an instant fix. But if you notice the status of your tax return being pending or rejected, it’s not a transmission error. Source: TurboTax transmission error

  Form 1099-k Form is a tax Form used to report electronic payments like credit and debit cards, Google Checkout, and PayPal. You will receive this Form when you receive electronic or online payments such as credit or debit card transactions. The Form is only required when more than 200 transactions are reported, and the gross payment exceeds a certain amount, usually $20,000. Source: 1099-k Form TurboTax

  A W2 form is a document that employers give to their employees at the end of each tax year. It shows how much the employee earns and how much tax was taken out of their pay. This form is important because it helps calculate how much taxes an employee owes and if the right amount of taxes was taken out of their pay.           Source: W2 Form

  TurboTax helps you to get the maximum refund and manages your taxes incredibly. However, there are different operating system criteria for TurboTax Online Account, Desktop Software, Mobile Apps, and Federal Tax Software Requirements. In addition, the compatibility of operating systems may differ with the various versions of TurboTax, such as Basic, Deluxe, Premier, Home, and Business editions. This is what we addressed below.   Source: Tax Software Requirements

  With QuickBooks, you can manage customers and delete them from your organized list if they are inactive and no longer involved in the business. It is crucial to keep your list managed and eliminate the customers who don’t want to be a part of it. However, you may not know how to delete a customer in QuickBooks online. But don’t worry; the process is simple and doesn’t require many technical skills.                Source: How to delete a customer in QuickBooks online

  TurboTax software is well-known, reliable, and the first choice for taxation applications. It has its fanbase and is the first choice of many users. It delivers the maximum refunds to its users. Generally, users feel it’s complicated to file federal and state taxes, but not with TurboTax. This software application is advanced and consists of relevant ways of filing taxes that are convenient and reliable. Source: How to Delete a TurboTax Account

  Quicken Unknown Error is a small issue. You can wait 24-48 hours, and the application will automatically fix the issue. However, if you still face the issue after the given time frame, we recommend you follow the steps below. By following the methods given here, you will be able to fix the Quicken 2016 An Unknown Error Has Occurred issue. Before starting the troubleshooting steps, you need to analyze the reasons behind this issue. Source: Quicken 2016 An Unknown Error Occurred

  QuickBooks is one of small and medium businesses’ best bookkeeping and accounting tools. It brings a lot of benefits for small and medium businesses. You can use the QuickBooks Diagnostic Tool to resolve issues. QuickBooks Install Diagnostic Tool is designed to fix and manage installation-related errors. Source: QuickBooks Diagnostic Tool 

  Many TurboTax users will receive stimulus payments due to an IRS error. This error led to a lot of confusion and delay. All the refunds will be deposited in your bank account. The refund process will vary by bank. The IRS stimulus checks will be deposited into your bank account. IRS said that this mistake happened due to the speed required for sending the 2nd round of payments. You can use the IRS Error Stimulus Check with TurboTax. Source: IRS Error Stimulus Check with TurboTax