Does anyone know if the "reasonable period" for winding up trust affairs is affected by whether the trust is revocable vs. irrevocable? My mother's irrevocable trust was terminated in December but we just found out about some stock that wasn't properly transferred and is still generating dividends.

I went through something very similar with my grandmother's trust last year. The key thing to understand is that the "reasonable period" mentioned in 26 CFR § 1.641(b) is specifically designed for situations like yours where income trickles in after the formal termination date. Your trustee is correct - the trust is still considered to exist for tax purposes during this winding-up period. The $4,600 in dividends should be reported on an amended final Form 1041 for the trust, not on your individual returns. The trustee will then need to issue supplemental K-1s to you and your siblings showing your respective shares of this additional income, which you'll report on your personal returns. The fact that the bank statement arrived months later is actually pretty common - I've seen this happen with everything from dividend payments to final interest statements. As long as the trustee is actively working to wrap up all loose ends (which discovering and reporting this income demonstrates), you're well within the reasonable timeframe. One tip: make sure the amended return clearly indicates it's for post-termination income to avoid any IRS confusion about the filing.

I switched from TurboTax to FreeTaxUSA last year specifically because of K-1 issues. FreeTaxUSA handles K-1 entries much more intuitively and puts everything on the right schedules automatically. TurboTax is notorious for hiding the K-1 entry screens unless you know exactly where to look, and their support staff often give contradictory advice as you've discovered. With FreeTaxUSA, it's all clearly labeled and you can see exactly where your K-1 items are flowing on your return.

As someone who's dealt with this exact situation, I can confirm what others are saying - partnership K-1 income must go on Schedule E, Part II, never on Schedule C. The confusion happens because TurboTax Self-Employed is really designed for sole proprietors, not partnership members. Here's what worked for me: First, upgrade to TurboTax Premier if you're still on Self-Employed - it has much better K-1 support. Then go to Federal > Income & Expenses > Less Common Income > Partnership/S-Corp K-1. This will properly flow everything to Schedule E. The key is understanding that Schedule C is only for businesses you personally own and operate. Since you're a member of an LLC partnership, you're not operating the business directly - you're receiving your share of the partnership's income/loss through the K-1, which is why it goes on Schedule E. For your amended return, make sure to remove any partnership income that might have been incorrectly reported on Schedule C to avoid double-counting. The IRS is very particular about this distinction, so getting it right now will save you headaches later.

I'm just curious - what breed is your service dog? We're planning to get a mobility service dog next year for my husband and trying to figure out what kinds of home modifications we'll need to budget for.

This thread has been super helpful! I'm in a similar situation with my service dog for PTSD. I built a ramp and modified my back door last year for accessibility, plus ongoing costs for training maintenance sessions. One thing I learned from my tax preparer is to keep VERY detailed records of everything - receipts, photos of the modifications, letters from your doctor explaining why each expense was medically necessary. The IRS can be pretty strict about what qualifies as "reasonable and necessary" for service animal care. Also, don't forget about the ongoing expenses like specialized food, vet bills, and even grooming if it's related to the dog's working ability. These smaller expenses can add up and might help you reach that 7.5% AGI threshold for medical deductions. Keep track of everything throughout the year - it's much easier than trying to reconstruct it all at tax time!

I've been following this thread closely since I'm in a similar situation (recently divorced, need new banking setup). Based on everyone's experiences shared here, it seems like Green Dot's performance is really inconsistent - some people get their refunds quickly while others face significant delays and customer service headaches. For those mentioning credit unions as alternatives, could you share which specific ones you've had good experiences with? I'm looking for institutions that have consistently fast processing times for tax refunds and good customer service. Also, are there any minimum balance requirements or fees I should be aware of when opening new accounts specifically for tax purposes? The last thing I need right now is financial uncertainty, so reliability is my top priority over convenience features. Thanks to everyone who's shared their real experiences - it's been incredibly helpful in making this decision.

I used Green Dot for my 2024 refund and received it on March 8th after filing on February 20th - so about 17 days total. While it worked fine for me this year, I have to agree with others here about the inconsistency. Last year took nearly a month with multiple "under review" holds that Green Dot couldn't explain clearly. What really convinced me to switch for next year was calling their customer service three times and getting three different explanations for the same delay. One rep said it was an IRS issue, another blamed their internal processing, and the third couldn't access my account details at all. Since you're dealing with post-divorce financial setup, I'd honestly recommend going with a more established option. The stress of wondering when your refund will hit isn't worth it when you're already managing so many other changes. I opened an account with a local credit union last week specifically to avoid this uncertainty next tax season.

This is definitely the company trying to avoid registering in multiple states! My old job tried to pull this same thing. They don't want to deal with the paperwork and maybe additional business taxes that come with having nexus in multiple states. You should know that some states are actually suing companies for doing this! They're losing out on tax revenue when companies pretend their remote workers don't exist.

This is a frustrating situation that unfortunately many remote workers are dealing with. Your instincts are correct - you should be paying income tax to the state where you physically work and reside, not where your employer's headquarters happens to be located. The company is likely trying to avoid the administrative hassle and costs of registering for payroll taxes in your state. When they have an employee working in a state, they typically need to register there, withhold that state's income taxes, and potentially pay other business taxes too. Here's what I'd recommend: First, document everything in writing with your HR department. Explain that state income taxes should be based on where work is physically performed. If they refuse to budge, you'll probably need to go the dual-filing route that others have mentioned - let them withhold for the wrong state temporarily, then file as a nonresident there to get your refund while filing properly in your home state. Keep detailed records of where you work (utility bills, internet bills, etc.) as proof of your work location. This protects you if either state ever questions your filings. The good news is this situation is becoming common enough that most tax authorities understand it, even if some employers are still trying to avoid their obligations.