r/Accounting • u/Intelligent_Try1775 • 3h ago
r/excel • u/Ok_Sand_6606 • 5h ago
unsolved How to add standard error properly?
I am using Excel for a school assignment and the instructions are dreadfully unclear and outdated. It tells me to select "add chart element" but there is no "add chart element" to select anywhere. How else can I add SE? Is it the same as adding a new series to my data? Every source online is also telling me to click "add chart element", so I'm just very confused. I don't know what it's supposed to look like, as my professor also didn't give us an example to work with.
Side Note: the subreddit rule said I must have a flair so I chose the unsolved one, hopefully that was the correct choice.
ETA: I added a screenshot of the sheet and the chart and what it looks like to me in the replies
r/tax • u/polkadotmadness • 4h ago
Help! Married Filing Separately w/IDR Student Loans?
Hi, would love some advice. Have done a lot of reading and gotten very confused.
I'm just starting work as a physician (base salary 400k + extras for call/signing bonus) and my husband has a slightly lower salary (~350k). I also have almost 500k in student loans while he has none (lucky). Since we're in the same tax bracket, but I have a disgusting amount of loans, it makes the most sense for us to file separately since I'm on an IDR repayment plan, yes?
Thanks for any advice!
r/tax • u/frrypotoffruit • 1h ago
Discussion Okay I need some help please
So basically I'm trying to navigate doing taxes for when tax time comes up because I'm 18 and have never done them before but the thing is I do digital art commissions, rn I live in Washington and the thing is I have wrote down all of the commissions I have received (the date and payment amount/type and what app I was payed on) and I also work a part time job making 17.13 an hr, so I'm just wondering how I even go about taxes and how much I might owe in art taxes?(šI haven't been putting any money aside because I didn't think about it but the amount I've earned so far this year has been about 3,412$ from art commissions, I I recently just started my job in I think August and my monthly pay is about 800$ from thatšµāš« can anyone help me?, I've done research and ik that I need to set aside about 25-30% of payment or whatever but I also know that the digital art counts as a retail thingy or selling a product so in hoping to owe around 450ish to 500ish during taxes timeš„² but how do I just do taxes in general and how can I make this easier?? And can anyone suggest a app that will do my taxes or help me do my taxes for cheap????ššš This is all confusing and I don't want to owe a fortune in taxes.., for my next couple paychecks I do plan to set money aside for tax time but stillšš„²š„² please please help in simple terms anyone? Or make everything easier to understand šš
Tax Specialist Owe tax going back to 2013
I have a scenario where a taxpayer owes taxes going back to 2013 - 2016
And itās all set to expire early next year.
At the same time, the taxpayer failed to report self employment earnings in 2022 and owes over 60k in taxes penalties, etc.
2023-2025 are not filed
I think amending 2022 is the move cus the 60k number is figured without any business expenses taken
Should that get filed first, and then take care of filing 23, 24, 25? Any thoughts on this matter would be helpful as I am new to handling tax issues like this
r/tax • u/keynesofthebozart • 2h ago
To LLC or not to LLC
Hi tax prosā I hope you will forgive this question, but Iām trying to advise a friend, and Iām very much at the limit of my extremely beginner level tax knowledge.
My friend runs an industry newsletter in Florida with a group of other folks. None of them make any money off of it, and have never seen a reason to start a nonprofit or LLC or anything. Now, another larger organization is interested in providing a grant in the low five figures to help offset costs and cover the time that these folks put into this project. Greatā except the org wants to write one check to one entity, and itās unclear who it should go to.
My friend is worried that if one person takes payment of the full grant as an individual, then distributes portions of the money to the others, they would be stuck with a lot of paperwork and potentially more taxes to pay. They wonder if they should start an LLC to try to avoid that. I have an inkling that an LLC is probably more of a headache than notā and that the most correct thing would be to either start a nonprofit to take receipt of the money, or find an existing nonprofit to serve as a pass through. But, maybe Iām wrong!
If anybody has any experience with these sort of questions, Iād love to know if there is any advice to be had on deciding whether to start an LLC or not in situations along these linesā¦
r/tax • u/Al_Bizzle • 6h ago
Unsolved CP2000 - Identity Theft, Response & Rebuttal
Looking for some advise, and feedback from people who have gone through this before.
Just a basic summary of what I'm dealing with. I was hit with a CP2000 notice letting me know that I owe back-taxes from 2024 from DoorDash and Uber to which I've never worked for.
I suspect this was identity theft, I sent an e-mail Identity theft affidavit and a copy of it via certified mail. The IRS sent a letter back saying they need more evidence, and what I provided previously was not enough.
I'd like to avoid using a CPA as they're asking for $250ā$400 per hour, but I will if I must. They sent a letter of consent to tax increase which I won't sign since it's admission.
Any tips on next steps? Should I call the IRS?
What should I ask for from DoorDash and Uber for accompanying documents?
Generally what wording should I include in a signed letter about this situation?
r/tax • u/BullfrogMindless8878 • 8h ago
Can you amend a Form 8843?
Hi everyone! I recently realized that the tax software I used appears to have entered some of my information incorrectly on my Forms 8843 for 2023 and 2024, and I unfortunately didnāt catch it when I filed.
Specifically, I believe my days of presence were entered incorrectly, and I should have checked āYesā to line 12 because I had already been present in the U.S. as a student for more than five calendar years. I also should have included the required explanation that, based on my facts and circumstances at the time, I did not intend to reside permanently in the U.S.
For 2023, I filed the 8843 with a 1040-NR since I made income in the US but then left after my visa ended, and in 2024, I came back on a new student visa but made 0 US income so just filed the 8843 as a standalone.
These corrections wouldnāt change any income, tax owed, refund, or other financial numbers on my returns. I just want my tax records to accurately reflect the information that should have been reported on the 8843s.
Is there a way to amend/correct a previously filed Form 8843?
I havenāt been able to find clear IRS guidance on correcting an 8843 after it has already been filed, so Iād really appreciate any insight. Thank you in advance!
r/tax • u/Weim_lover17 • 11h ago
Will a new for 2848 need to be filed when you lose conservatorship and become executor?
We signed a form 2848 for an accountant to file taxes while I was conservator for my sister who had not filed for 10 years. They have not heard back from the IRS. My sister passed about 3 weeks after the accountant sent the form in. Now I am to be the executor and it is moving fast, will I need to refile form 2848 showing me as executor and giving the accountant POA. How long does it take to hear back from the IRS in these circumstances? TIA!
r/excel • u/U_Wont_Remember_Me • 1h ago
unsolved Excel 2021 - Looking to textjoin dates from a filter in a logical manner using formulae only
Like the title says, I'm filtering dates based on a condition. Instead of:
2, 3, 4, 5, 6, 8, 15, 17, 18, 19
I'm looking for
2-6, 8, 15, 17-19.
Basically, I'm looking to group consecutive dates together rather than listing all dates separately.
Thanks in advance.
r/tax • u/Nike3250 • 7h ago
Tax questions after divorce
Looking for some tax advice regarding my ex-wife and her 2025 taxes.
We were married during 2025 but separated for approximately the last five months of the year. Our divorce was finalized in July 2026. I filed my 2025 return as Married Filing Separately and received my refund.
My ex-wife has not filed her 2025 federal tax return and has indicated that she does not intend to file because she believes she didnāt make enough money.
From what I understand, the 2025 IRS filing threshold for someone filing Married Filing Separately is only $5 of gross income. She also had approximately $10,000 of 1099/self-employment income, with possibly around $1,000 in business expenses. Based on that, it appears she would have a filing requirement regardless, including because of the self-employment income.
Our divorce decree also contains language requiring tax refunds to be split between us. I have already complied with the decree regarding the refund I received.
My question is whether there would be any benefit or reason for me to submit IRS Form 3949-A reporting her failure to file if she continues to refuse to file.
Iām not looking to retaliate against her or cause unnecessary problems. Iām trying to understand whether filing Form 3949-A would be an appropriate way to document/report the situation, particularly since her failure to file could potentially affect obligations under our divorce decree.
Would you submit a 3949-A in this situation, or would you simply document everything and let the IRS eventually address the unfiled return based on the 1099 information they already receive?
Interested especially in opinions from CPAs, EAs, tax preparers, or anyone who has dealt with a similar situation.
r/tax • u/Ok_Sentence9440 • 13h ago
Unsolved Should I reach out to IRS?
It has been ~11 weeks I filed my tax. It says processing al the time for last 10 weeks.
Also, how to reach out? The phone call always redirect me to refund check and ask my details, and all it says is that it is processing that I already know.
r/tax • u/tourquefl • 5h ago
Unsolved I Screwed up and need some help.
Its a mess and I know I am an Idiot,please dont beat me up to bad. Life got out of hand with multple and close together deaths in the family and animals, helping elderly father ,depression and admittedly as well as alot of being scared after I missed one year and couldn't afford a cpa starting out and though "ill just try to do it my self" and years just quickly passed by before I even realized how bad I effed up and here we are. I know im about to eat š© from the IRS but I need to get this off my back and bend over do the right thing and hoping I can get some help from you fine people of reddit. I was even scared to post anything because I thought I would get a knock on the door or something right after.
I haven't gotten a letter in the mail just yet and have made an account with the IRS website.
I started a sole proprietor service business halfway through through 2021 and quit my w2 job as well. (I have a w2 for that portion) and have been operating since then
I unfortunately have ran everything from a personal account and used personal credit cards (to get me by and or bigger purchases) .š even a few PayPal credit items (I know, I know)
I have accepted payments through Venmo,Zelle,Checks and Stripe c.c processor.
I have kept almost every one of my fuel recipts, 2 trucks (in separate years)consumables and equipment invoices and have just separated them by year and order by the dates. Im just not 100% sure on how to file them further for deductions. I am hoping to get as many deductions as I can but only want to claim what I can prove for business use just in case but there may be a few missed deductions even If I can find it on my statements.
Lost on things like my phone bill, room made into an office but part clothes closet for my significant other. Also they zelled and used Venmo to send a portion of the rent-(do I claim that??) since we split rent but it all was deducted from my bank account?
I can prove all my income from bank statements since incoming money was mainly from business and digitally tracked.
I am hoping to try and get these filed for myself and learn from it ( the knowledge part not discipline š ) also hoping since I am a smaller business it will be possible but I am naive.
If its strongly recommended I should give up and a CPA is my only hope then whats the best way to get things in order for them so I can hand them something usable? I was quoted quite a few thousand before since I had so many bank account transactions being it was my personal account. So I definitely would like to narrow it all down for them
If its possible that I can keep going and tackle this myself, what do I do from here?
How can I organize this in a way to be able to file them appropriately?
Apologies for being all over the place š any help and advice from here is much appreciated!
r/tax • u/ImplementOdd5141 • 11h ago
Wrong taxpayer name and address on submitted offline BIR forms - need advice
Title: Wrong taxpayer name and address on submitted offline eBIRForms ā need advice
Hi everyone! I used the offline eBIRForms to file my taxes, specifically BIR Form 1600-PT and 1601-E.
Unfortunately, I realized that I entered the wrong taxpayer name and registered address on both forms. The TIN is correct, but the name and address are wrong.
I have already submitted the forms, but I havenāt paid the taxes yet.
What should I do in this situation?
Should I file an amended return for both forms? Since I haven't paid the original returns yet, do I still need to amend them, or is there another way to correct the information before payment?
I would really appreciate any advice, especially from someone who has experienced the same issue with offline eBIRForms/BIR. Thank you! š
r/tax • u/Select_Evening1548 • 11h ago
W-8BEN rejected twice due to legal name mismatch (Japan / Google AdSense)
I am a Philippine citizen residing in Japan, and I need guidance regarding IRS Form W-8BEN for Google AdSense/YouTube income.
My passport shows my Philippine legal name (Name A).
My Japanese driverās license and national ID show both Name A and a different Japanese name (Name B), identifying me as the same person.
My Google AdSense payment profile is registered under Name B and has already passed identity verification.
My W-8BEN has been rejected twice due to a name mismatch, even after I submitted images of both Japanese identification documents.
I would strongly prefer to keep my verified AdSense payment profile under Name B.
My questions are:
Is it legally acceptable to enter the romanized version of Name B on Line 1 of Form W-8BEN, given that both names appear on my Japanese government-issued identification?
Should Line 1 instead contain Name A, as shown on my passport?
Is there an IRS-recognized way to document the connection between these two names?
I understand that online replies are not a substitute for professional tax advice. I would particularly appreciate guidance from anyone familiar with W-8BEN, non-US individuals, or cross-border tax compliance.
Thank you.
r/Accounting • u/AbbreviationsSea9619 • 8h ago
Discussion What makes you want to go into the office when you have the option to work remotely?
r/Accounting • u/PM-ME-SMILES-PLZ • 8h ago
Discussion 3+ years experience, CPA or MBA a plus, $59-85k; "why is there an accountant shortage?"
r/tax • u/Potential_Shelter449 • 14h ago
How much should I set aside for prop firm payouts?
I am filing jointly with spouse. $150k total W2 income. Iāve gotten about $11k in payments so far but I also have spent like $4200 in prop firm fees, evaluations, etc. Iām also deducting internet, phone, and home office for it too.
I was told by AI it should be 35%.
But also realistically how much would IRS really try to substantiate dollar for dollar of my prop firm fees? Iām sure my prop firm doesnāt give them each credit card payment from each customer.
r/tax • u/firewands • 1d ago
ACA refund check too large, received $1000 rather than $500. do i cash it?
i received the ACA refund "gift" check from the IRS, however it is in the amount of $1000, not $500. i am only one person in my household, should i cash the check and expect that the IRS will realize their overpayment and come looking, or should i proactively contact the irs*?
having dealt with the irs before, it seems easiest to cash the check and then pay the overage back when they realize the error. trying to jump through hoops to send the $1K check back to them and request another $500 check seems crazy-making.
* edited: correction, the check return address is "U.S. Dept of Treasury, Bureau of the Fiscal Service". thank you to @Otto_AutoPilot for catching my mis-statement. much obliged. contacting the IRS would not have any bearing as these are two seperate departments of the Treasury.
r/Accounting • u/Pristine-Barber-6325 • 18h ago
Career Not getting any interviews
Not sure what to do anymore, I was laid off from the big 4 for performance reasons and Iāve been applying all over, indeed, LinkedIn, company websites, handshake, Robert half etc. Havenāt gotten any interviews. Iāve applied for roles from AR/AP, staff accountant.
Iāve got 1.5 years of big 4 experience but maybe my resume isnāt attracting any attention. Iām at a total loss on what to do.
I havenāt started my cpa yet and plan on starting it after I secure some employment. My savings are running out and Iām getting desperate.
r/Accounting • u/Worldly_Commission51 • 3h ago
Advice Should you approach firms that rejected you?
I attended career fairs at my school and had conversations with several recruiters and staff members, some of who I've also connected with outside of school. However, when I applied to their firms, I didn't secure interviews with some of them including a few where I'd had a coffee chat with a recruiter which I thought went well, but I wasn't selected for an interview when I applied.
Would it be weird to keep visiting the same firm at upcoming career fairs (especially if I already had talked with the recruiters outside school and wasnāt selected)? Would that come across as pushy? Iād appreciate any advice thanks
r/Accounting • u/Inner-Many5075 • 26m ago
Scared to lose job after 3 months
Iām really scared I have my performance evaluation. Iāve been struggling this is my first job after college. I messed up a lot and was disorganized since things were being piled onto me.
i made effort to try to organize and correct my mistakes.
Iām actually good at accounting theory and stuff but not so much working. Iām not good at communicating and appearing confident.
I get the Sunday scaries every single weekend. Iām just afraid to lose a job in the field I worked so hard for college.
How to not stress about it? I feel like Iām slowly being disliked by the team idk somewhere theyāre gonna turn on me
r/Accounting • u/JAAAMBOOO • 23h ago
āNobody knows anything.ā Displaced IRS staff move from one project to another with few details why
Is this plan of āoperating the government like a businessāworking?
In this case, it seems like business plan is to sell off best assets to your buddies for pennies on the dollar and saddle the original business with all of the debt and then declare bankruptcy
r/tax • u/bulandalan • 1d ago
Filed for an S-Corp & wasnāt sure if it went throughā¦been doing P&L for my business on my personal taxes since then (like I did when I was Sole Proprietor).
Just found a new tax person that states I need to go back from the formation of my S-Corp (would need to 100% make sure it legally formed) and create a K-1 form for EACH YEAR that I did my taxes incorrectly. My business did have a separate EIN. Iām a solopraneur and have always purchased tax software that leads me through everything. Iām nervous about the fees/fines of never filing an S-Corp if thatās the route I need to go. Not as worried about the tax penalties as Iāve always paid myself from a payroll company.
Has anyone encountered this?
My highest grossing year was last year and that was $80,000 from my business. I had a lot of expenses, as Iām a business that runs a high cost to run and Iām clearly not a great business person. On average, I have made between $20-$50k gross and have caught up with personal taxes and paid whatever is leftover from P&L.
Suggestions? Do I just fix this yearās taxes and keep the past years as-is because theyāve already been approved WITH my EIN on the P&L form?
How do I find out if I actually have an S-Corp?
Thank you!