If you need to delete a form on your desktop version of TurboTax, you can do so by following these steps:
1. Open the tax return in TurboTax and select the Federal Taxes tab.
2. Select the Forms tab, which is located in the upper left-hand corner of the window.
3. Then, select the form you need to delete.
4. Find the Delete button in the toolbar at the top of the window, and click it. This will delete the form from your tax return.
5. If you need to delete multiple forms, you can select the forms you need to remove, then click Delete Form for each form.
6. When you’re finished deleting forms, click the Calculate button to recalculate amounts after the form has been deleted.
7. Repeat these steps until you’ve deleted all the forms you need to remove.
How do I get rid of 8812 on TurboTax?
If you are trying to get rid of 8712 on your TurboTax, you will need to ensure that you have correctly entered all the information associated with your tax return and that you have completed all the required steps of the filing process.
If you have done so, and are still receiving the 8712 error code on your TurboTax, there are a few steps you can take to try and resolve the issue.
First and foremost, it is always recommended that you contact customer support to resolve any TurboTax issues as quickly as possible. You can do so by visiting the Contact Us page on their website or by calling their customer support line.
They will be able to work with you directly to help resolve this issue more quickly.
In the meantime, you can try to troubleshoot the issue on your own by double-checking all the information you provided for accuracy and double-checking that all the necessary steps were completed. It is also a good practice to double-check that the data you provided is up-to-date with both the federal and state governments.
If the information you provided is not up-to-date, it is possible it will cause this error code to appear.
Finally, you can try to uninstall and then reinstall the TurboTax software as a last resort to see if this resolves the issue. If the error code still appears after doing so, it is highly recommended that you contact customer support directly.
Why does form 8812 show up in TurboTax?
The purpose of Form 8812, Additional Child Tax Credit, is to provide an additional credit to taxpayers who have qualifying children and earned income over a certain level. This form is used to determine whether taxpayers qualify for the Additional Child Tax Credit even if they didn’t qualify for the regular Child Tax Credit.
This Additional Child Tax Credit is used to help offset any outstanding tax liability and can result in the taxpayers receiving a tax refund instead.
TurboTax includes Form 8812 as part of their standard packages because they recognize that many taxpayers may qualify for this Additional Credit. To be eligible for this credit, taxpayers must have earned income over the minimum threshold, have a qualifying child or children, and must have less than or equal to the maximum adjusted gross income (AGI).
If the qualifications are met, TurboTax will ask a few questions to help complete Form 8812 and give the customers the additional credit they may be entitled to.
Why is TurboTax asking me about Schedule 8812?
TurboTax is asking you about Schedule 8812 because it is a form used to determine if you qualify for certain tax credits. The form helps figure out if you qualify for the additional child tax credit, the credit for other dependents, or the earned income tax credit.
These credits can help lower the amount of taxes you owe, so it’s important for TurboTax to collect this information to ensure you get all of the credits you’re eligible for.
Who has to fill out Schedule 8812?
Schedule 8812, Child Tax Credit, is an IRS form used to claim a federal income tax credit for qualifying dependent children. This form must be completed by taxpayers who are claiming the Child Tax Credit, Additional Child Tax Credit, or both.
In order to qualify for the Child Tax Credit, children must be age 17 and under, claimed as a dependent on the filer’s tax return, and must be a U. S. citizen, national, or resident alien. Additionally, the child must have a valid Social Security Number (SSN or ITIN).
In order to qualify for the Additional Child Tax Credit, the filer must have an income under $200,000 (or $400,000 if married filing jointly) and must have earned income at least equal to the total taxable amount of Child Tax Credit claimed.
Plus, they must be an “eligible individual” as defined by the IRS.
In addition to these requirements, other conditions may apply, so individuals should check with their tax preparer or the IRS to find out if they qualify for either credit. Once qualified, individuals who are claiming the Child Tax Credit or Additional Child Tax Credit must fill out and submit Schedule 8812, which is available on the IRS website.
What was the child tax credit last year?
The child tax credit in the United States for Tax Year 2019 was $2,000 per qualifying child. In addition, the “Additional Child Tax Credit” was a refundable credit worth up to $1,400 per qualifying child.
This meant that any unused portion of the regular child tax credit of $2,000 was refundable to taxpayers.
Other important features of the child tax credit in Tax Year 2019 included that the credit could be claimed for children under the age of 17 and ultimately begins to phase out once a taxpayer’s income exceeded certain thresholds.
Those thresholds were $200,000 for single filers and $400,000 for married couples filing jointly.
Additionally, for Tax Year 2019, the child tax credit was also subject to the so-called “kiddie tax” rules. This meant that unearned income of children under the age of 19 or students under the age of 24 were taxed at the parents’ marginal rates.
Finally, taxpayers that utilized the child tax credit must file Form 1040 or 1040-SR with their return. The credit has since been modified for Tax Year 2020.
What is US principal abode on Schedule 8812?
US principal abode on Schedule 8812 is the address of the primary residence of the taxpayer. It must be a US address and can be the address where the taxpayer lives most of the time. This address is used to determine eligibility for the child tax credit and additional child tax credit, as well as for figuring other credits and deductions.
The US principal abode is not necessarily the taxpayer’s mailing address, however, it should be the address where the taxpayer lives most of the time. The US principal abode should remain the same year after year, although some changes are expected if the taxpayer moves or changes a mailing address.
The US principal abode is important to ensure all tax forms and documents are sent to the correct address.
What does it mean to have a principal place of abode?
Having a principal place of abode means having a permanent or primary residence, or a place where a person lives the majority of their time. It is a specific address used to identify the place where a person lives that serves as their home.
It is the place to which a person intends to return even if they leave for some period of time. This place of abode could be a house, apartment, condo, RV, yacht, or any other permanent living quarters.
People may have multiple locations that they consider their principal place of abode, and it may change over time. A principal place of abode is used to determine a person’s domicile (permanent residence), which helps determine the taxes they owe, and where they may vote.
Where are TurboTax documents stored?
TurboTax documents are stored on the computer that they were created on or on the TurboTax website. If you’re using the TurboTax desktop software, the documents that you create are stored on your hard drive.
The path to these documents will depend on the version of TurboTax and the version of the Windows operating system you are using. Generally, the location of the documents will be something similar to: C:\Program Files\Intuit\TurboTax\Year\Data.
If you’re using the TurboTax online service, the documents created are stored in your TurboTax online account. To view or access the documents, you will need to log in to your account on the TurboTax website.
From there you can review, download and print the documents associated with your application.
How do I clear and start over TurboTax Deluxe?
To start over with TurboTax Deluxe, you’ll need to delete the draft tax return that you started previously. Access the Data and Documents tab, select Delete my return, and choose OK if prompted to confirm.
To delete any other files associated with TurboTax Deluxe (including tax information from previous years), visit the Tools tab and select Manage my files. Choose to delete all the files in the manage files window, then select Delete selected returns.
You can then restart TurboTax Deluxe by signing in with the same account and opening the file for the current tax year.
Can you cancel tax returns?
Yes, you can cancel your tax returns. You have up to three years after the original due date of the return to cancel your taxes, provided that you haven’t already been assessed. To do so, you will need to contact the IRS or use their online services.
Depending on your situation, you may need to provide additional documentation and/or explanations when you file Form 1040X to cancel your original return. Note that canceling your taxes doesn’t prevent you from having to pay any taxes you owe.
Therefore, it is best to make sure that you have all your facts straight before proceeding with a cancellation of your return.
What happens if you file your taxes wrong on TurboTax?
If you mistakenly file your taxes incorrectly on TurboTax, there are a few things that can happen. Depending on the severity of the mistake, you may have to file an amended tax return in order to correct the mistake, which could lead to further penalties or interest charges.
The Internal Revenue Service also has the right to audit your tax return, which can result in a review of your entire financial situation if a mistake is found. Additionally, if you claim too many deductions or credits, you may be responsible for paying additional taxes and could possibly face criminal charges for tax evasion.
If the mistake is minor and does not result in additional taxes being due, the Internal Revenue Service may still assess a penalty for filing an inaccurate return, which could vary from 5-25% of the additional taxes due.
To avoid penalties and ensure accuracy while filing taxes on TurboTax, it is important to review your return carefully and double-check all information before submitting. If you are unable to fix the mistake on your own or simply don’t want to take the risk, there are TurboTax Professional or CPA referral services available to help guide you in filing your taxes correctly.
Does the IRS check every tax return?
No, the Internal Revenue Service (IRS) does not check every tax return that is filed. The IRS uses automated processes and sophisticated computer programs to detect potential errors and inconsistencies.
These processes are called “compliance checks” and involve comparing data from various records and documents. The IRS also conducts in-depth reviews of tax returns to uncover potential fraud, non-compliance, and other criminal activities.
The agency records statistics on the number of returns it reviews each year, but it does not provide a specific percentage for how many returns are actually checked.
Will the IRS let me know if I made a mistake?
Yes, the IRS will let you know if you made a mistake on your tax return. The IRS uses a system called the Automated Underreporter (AUR) to identify and address any mistakes on tax returns. When the AUR finds a discrepancy on your return, it will send you a letter with details of the discrepancy which you can use to correct any mistakes.
Additionally, the letter will explain how to respond and guide you through the process of correcting it. Finally, if the mistakes are significant enough, the IRS may even audit your tax return and may require you to pay additional taxes, interest, and penalties.
It’s important to act as quickly as possible once you receive one of these letters from the IRS, as time can expire on your ability to respond and correct any discrepancies.
What is code F8962 070?
Code F8962 070 is an ICD-10-CM diagnosis code used by healthcare providers in the United States to identify a condition known as femoral hernia, left side. It is classified within the family of medical codes known as Factors Influencing Health Status and Contact with Health Services and is used to register a patient’s primary diagnosis during the course of a hospital stay, physician visit, or other treatment.
This code is part of the International Classification of Diseases, 10th Revision, Clinical Modification (ICD-10-CM). The ICD-10-CM is the most widely accepted coding system used in the medical field in the United States.
How do I change my TurboTax product?
If you’ve already bought a TurboTax product and need to make a change, there are a few different ways to do it. Depending on when you bought the product, you may have already started your return, or you may not have used the product yet.
If you have already started your return:
• Log into your TurboTax account and go to your Tax Home page.
• Select the option to “Change or upgrade” your product.
• Follow the on-screen directions to select a new TurboTax product or edition.
• Once you’ve made your new selection, you’ll need to start over by entering your information again.
If you haven’t used the product yet:
• Log into your TurboTax account and go to your Tax Home page.
• Select the option to “Remove” the product.
• Follow the on-screen directions to confirm that you’d like to remove the product from your account.
• You can then select a new TurboTax product or edition and start the process again.
If you’ve already purchased a TurboTax product and can’t find it in your account, contact TurboTax customer service for help. They can confirm the purchase and help you make the product change.