2020 - Tax help

[Dante2019 9]

 

Hello, I'm filling my 2020 taxes using https://www.freefilefillableforms.com/

It's my first time using freefilefillableforms. I was wondering if anyone can check to see if I'm doing it correctly. I'm filling MFS and my spouse is a NRA. Also, I couldn't put NRA for my spouse, so I just put only her first and last name.

 

From what I read, I just need to file:

1) 1040

2) Schedule 1

3) Form 2555

 

Form 1040:  Please note that I couldn't put 30,705 in line 8 in parenthesis such as (30,705). So I put a minus(-) instead. 

 

 

Schedule 1: Please note that I couldn't put 30,705 in line 8 and 9 in parenthesis such as (30,705). So I put a minus(-) instead. 

 

 

 

Form 2555:

 

 

 

 

Thanks to anyone who would take their precious time to check if they are correct. Thank you.

[Crazy Cat 41,979]

You will have to hand print "NRA" in the spouse SSN box, then mail in your forms.  Honestly, TurboTax would be easier.

[Wuozopo 4,293]

@Dante2019

Form 2555, Part 1, 5 has not been filled out. 
You have to enter NRA by hand for spouse’s SSN after printing.

 

Did you earn any interest from investment or bank accounts? 
Did you already receive your stimulus amounts of $1200 and $600?

[Dante2019 9]

Thank you for everyone who replied. 

 

 

9 hours ago, Wuozopo said:

Form 2555, Part 1, 5 has not been filled out. 

Thank you. I fixed it.

 

 

9 hours ago, Wuozopo said:

You have to enter NRA by hand for spouse’s SSN after printing.

The problem with writing "NRA" by hand is that the country I'm residing in right now is not making it easy to send anything to the United States due to covid. I sent my 2019 taxes a few months ago, but they still haven't checked it. I'm not even sure if they received it or not. 

 

I checked other e-file softwares, but non allowed me to write "NRA". 

 

However, recently I believed I found a way to do it in freefilefillableforms

 

 

 

 

 

 

11 hours ago, Wuozopo said:

Did you earn any interest from investment or bank accounts? 

I believe I made $2. Silly question, but do I need to report it?

 

 

11 hours ago, Wuozopo said:

Did you already receive your stimulus amounts of $1200 and $600?

I received $1200, but not the $600. When I checked in the IRS website "Get My Payment", it says that there is no information to get my second stimulus check. I believe because they didn't recieve my 2019 taxes yet.

 

Do you if it's possible that I can still get my $600 stimulus check?

 

 

Thank you again, Wuozopo for helping me with my taxes.

[Wuozopo 4,293]

4 hours ago, Dante2019 said:

The problem with writing "NRA" by hand is that the country I'm residing in right now is not making it easy to send anything to the United States due to covid. I sent my 2019 taxes a few months ago, but they still haven't checked it. I'm not even sure if they received it or not. 

 

I checked other e-file softwares, but non allowed me to write "NRA". 

 

However, recently I believed I found a way to do it in freefilefillableforms

I am not familiar with your chosen software, but if it allows efile then those have to meet specific coding criteria. If you leave the SSN field blank, then it will be rejected by IRS computers. Try it and see what happens. 

 

4 hours ago, Dante2019 said:

I believe I made $2. Silly question, but do I need to report it?

Yes. Schedule B. It’s income.
 

4 hours ago, Dante2019 said:

Do you if it's possible that I can still get my $600 stimulus check?

Yes. See Form 1040, Line 30 instructions. There’s a worksheet to go through. 

[Dante2019 9]

16 hours ago, Wuozopo said:

Yes. Schedule B. It’s income.

I didn't do Schedule B for the previous years. Will that be an issue? Previous years was under $2 dollars. 

 

16 hours ago, Wuozopo said:

Yes. See Form 1040, Line 30 instructions. There’s a worksheet to go through. 

I read it and looked at the worksheet. Some things I don't understand is:

 

1) Do I need to attach the worksheet with my taxes?

2) I don't understand what Recovery Rebate Credit fully means. Even if I don't owe/receive money to/from the IRS, does the Recovery Rebate Credit mean that the IRS owes me $600? Or does the Recovery Rebate Credit only work if I owe taxes and goes to the taxes I owe? 

[Wuozopo 4,293]

1 hour ago, Dante2019 said:

didn't do Schedule B for the previous years. Will that be an issue? Previous years was under $2 dollars. 

It is the correct way to do taxes...report your interest. Your choice really. There’s lots you can get by with if you want to go that way. I doubt anything would happen either way. 
 

 

1 hour ago, Dante2019 said:

I read it and looked at the worksheet. Some things I don't understand is:

Read it again and fill it out. What does the last line of the worksheet (#21) say to do? It doesn’t say “copy this worksheet and efile it”. There are many tax worksheets that one works out, or Turbo Tax works out for you, that are not a tax form. They just give you a number to enter on a certain line of a tax form. 
 

 

1 hour ago, Dante2019 said:

2) I don't understand what Recovery Rebate Credit fully means. Even if I don't owe/receive money to/from the IRS, does the Recovery Rebate Credit mean that the IRS owes me $600? Or does the Recovery Rebate Credit only work if I owe taxes and goes to the taxes I owe? 

Do the worksheet. What happens to your 1040 when you follow the instructions?

 

I still don’t know if this freefillable does the calculations for you or if you are doing it manually by reading the line by line instructions. 

 

 

[Ayrton 965]

2 hours ago, Dante2019 said:

2) I don't understand what Recovery Rebate Credit fully means. Even if I don't owe/receive money to/from the IRS, does the Recovery Rebate Credit mean that the IRS owes me $600? Or does the Recovery Rebate Credit only work if I owe taxes and goes to the taxes I owe? 

It's the stimulus check because of covid. Everyone that qualifies will receive it. If you end up with a refund, the stimulus money will be added to that. If you own money, the stimulus money will be deduct from that.

[Dante2019 9]

23 hours ago, Wuozopo said:

Do the worksheet. What happens to your 1040 when you follow the instructions?

Put the dollar amount in line 30 and below is what I did in my 1040 form. I thought I had to give the IRS proof I did the worksheet or something.

 

 

 

If you don't mind me asking another question. My son (3 years old) still hasn't got his SSN, so as of now, I can't get his EIP 1 and 2. While I'm waiting for his SSN, I'm planning to submit my 2020 taxes this week and do a 1040X once I get my son's SSN. From my guess, It could take a few more months before I can get his SSN. After I get his SSN, can I use 1040X to get my son's EIP 1 and 2? 

[JKLSemicolon 414]

On 3/7/2021 at 8:01 PM, Dante2019 said:

I checked other e-file softwares, but non allowed me to write "NRA".

Did you try TaxAct? If you choose MFS there, when you enter your spouse's information there is a box you can check to mark them as a non-resident alien.

 

Per a comment in this thread, you would then be able to e-file your federal return but not the state one:

 

 

I can confirm the box is there but not what happens when you submit the return since in our case we are filing jointly.

[Dante2019 9]

7 hours ago, JKLSemicolon said:

Did you try TaxAct? If you choose MFS there, when you enter your spouse's information there is a box you can check to mark them as a non-resident alien.

I just checked it now and thank you. I just tried it out for myself. I'll use it for my 2021 taxes.