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Eduation credit
Feb 12, 2015 - 1:31 PM - by guptau
For 2013 I claimed Lifetime learning credit for about $950 when I could have claimed American Opportunity credit of $2500. Is there way to correct it. The educational expense was about $4800. Thanks.
4 Major Tax Law Changes In 2015 worth knowing!
Jan 19, 2015 - 7:55 PM - by TaxGuru
Here are 4 of the 2015 key changes taxpayers need to know regarding their tax returns. These are as follows;

1.Higher Employer Plan Contribution Limits:
Taxpayers will be able to contribute up to $18,000 to their 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan in 2015. The catch-up contribution limit will also increase to $6,000 in 2015 for a total contribution limit of $24,000 for employees age 50 and older.

... [Read More]
Reporting Distributions
Jan 11, 2015 - 11:50 PM - by newtgmember2759
Hello Everyone,

First of all, thank you for taking the time to read my question.

I find myself a bit frustrated and overwhelmed. I have done my own taxes for many years now, using tax software. However, recently (in 2013) I started doing a few stock trades (involving partnerships) that gave me distributions (instead of the normal dividends), which then caused some Schedule K-1s (about 10 in all) to be generated. I tried to cover these in my tax program but it has... [Read More]
Wife on f1 and without ssn.. can she and I file joint taxes somehow..
Dec 29, 2014 - 3:24 PM - by manuusc
I have some stock options that I need to urgently sell. This will make me jump my current tax bracket. But, I do have a wife who is currently on a F1 visa and doesn't have a ssn. If she and I file taxes jointly then my tax bracket will be higher than if I were filing individually.

Can I somehow file taxes jointly with her? Will she need an itin?
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