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Why is my tax return still being processed

As the return is processed, whether it was filed electronically or on paper, it may be delayed because it has a mistake including errors concerning the Recovery Rebate Credit, missing information, or suspected identity theft or fraud. If we can fix it without contacting you, we will.Nov 5, 2021 Why my tax return is taking so long? If you claim…

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How to report stipend on tax return

Stipends reported to you on a Form 1042-S with income code 16 in box 1 are taxable scholarships. Gross income from box 1 should be reported on Form 1040-NR line 1b. Federal tax withheld from box 7 should be reported on Form 1040-NR line 25g. Are stipends reported on 1099? As long as the value is under $600 per year,…

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What is tax free employer provided assistance

Tax-free employer assistance is money your employer gave you to pay for your higher education expenses. If your employer provided this benefit, and you didn’t pay tax on these funds, then select Yes to this question. See this TurboTax article Deduction for Higher Education for additional information.Jun 6, 2019 Is tuition reimbursement tax free? Employer tuition reimbursement is still tax-free.…

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What is b&o tax

What is the Washington B&O tax? Business and occupation tax overview ​Washington’s B&O is an excise tax measured by the value of products, gross proceeds of sales, or gross income of a business with over 30 different classifications and associated tax rates ranging from 0.138 percent to 1.5 percent. Who pays B&O tax in Washington? Classification: Wholesaling B&O tax This…

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