Activities of Real Estate Professionals

Activities of Real Estate Professionals If you were a real estate professional in the tax year, any rental real estate activity in which you materially participated is not a passive activity. You were a real estate professional only if you met both of the following conditions. More than half of the personal services you performed in trades or businesses were performed in real property [...]

Alabama Estimated Tax Payments

Enter any payments you made on your estimated Alabama income tax (Form 40ES) for this year. Include any overpayments from your prior year return that you applied to your estimated tax for this year. CAUTION -- DO NOT INCLUDE: The tax you paid for a prior year return. Any overpayment that was refunded to you. If you and your spouse paid joint estimated tax but are now filing separate [...]

Alabama Credit For Taxes Paid To Another State

Credit for Taxes Paid to Another State. You must complete Schedule CR and you must attach a copy of other state’s return or W-2G’s if the taxing state does not allow a return to be filed for gambling winnings. The credit is provided to prevent the double taxation of income and is only available to legal residents of Alabama filing Form 40 who have income from sources outside of [...]

Are there any forms that the IRS is not accepting yet by the IRS for e-file?

The IRS accepts most forms via e-file; however, some forms must still be paper filed. Our system will alert you if the form you have selected will force you to paper file your return. If you have further questions, please contact customer [...]

Which Filing Status Should I Choose?

Generally, your marital status on the last day of the year determines your status for the entire year. If you are unmarried, or if you are legally separated from your spouse under a divorce or separate maintenance decree according to your state law, and you do not qualify for another filing status, your filing status is single. Generally, to qualify for head of household status, you must be [...]