Anyone know if filling out the W-4 wrong will get me in trouble with the IRS? I've had 3 jobs this year and basically just guessed on all the forms. Now I'm worried I'll end up owing thousands.

I went through this exact same confusion last year with multiple jobs! Here's what I learned from my tax preparer that might help: The key thing to understand is that each employer only knows about the income they're paying you - they don't know about your other jobs. So if you don't tell them (via the W-4), they'll withhold taxes as if that's your only income, which usually means not enough total withholding. Here's the simplest approach that worked for me: 1. Pick your highest-paying job (sounds like job B for you) as your "primary" job 2. For that job, complete the full W-4 including Step 2(c) for multiple jobs 3. For all your other jobs (A, C, D), just fill out Steps 1 and 5, plus check the box in Step 2(c) This method errs on the side of withholding more rather than less, so you're less likely to owe at tax time. You might get a bigger refund, but that's better than owing money you don't have! Also, don't stress too much about the job A form you already submitted - you can always give them an updated W-4 anytime. Most payroll departments are used to this.

Anyone know how long ITINs are taking to process right now? I applied for my husband's back in January and still haven't heard anything. Getting worried since we need it for some property stuff.

I went through this exact same situation last year! You're absolutely fine to apply for your spouse's ITIN after already filing your return as Married Filing Separately. The IRS doesn't require you to have the ITIN before filing - in fact, many people do it in the order you did. Just a heads up though - make sure you have all the required original documents or certified copies from the issuing agency (not notarized copies). Since your spouse lives abroad, you'll probably want to use a Certifying Acceptance Agent or IRS office that can verify the documents so you don't have to mail originals internationally. One thing to keep in mind: once your spouse gets their ITIN, you'll have the option to file jointly next year, which could potentially save you money depending on your income levels. But for this year, you're all set with your current filing status. The ITIN application won't affect your already-submitted return at all.

I've been dealing with this exact situation for our LLC with partners in Germany, France, and Japan. Here's what we learned: The Form 8813 quarterly withholding is on the INCOME allocated to foreign partners, regardless of whether you distribute it. This is under Section 1446. The 30% withholding under FATCA (IRC sec. 1472) applies to certain types of payments to foreign entities, but there are exceptions. If your foreign partner has provided proper documentation (W-8BEN-E) and you're just distributing previously taxed profits, you typically don't need to withhold again. Where it gets complicated is if you're making distributions in excess of basis or if some of your income is from passive sources. We found that getting a letter ruling from the IRS was ultimately the only way to get absolute clarity for our specific situation.

Has anyone dealt with FIRPTA withholding for LLCs with foreign partners that own US real estate? We have the regular income withholding figured out, but now we're selling a property and I'm not sure how that interacts with all this.

11 Has anyone noticed if the way TurboTax handles 403b contributions changed from last year? I swear last year it showed me somewhere that it was accounting for these pre-tax contributions, but this year I can't find any mention of it in the review screens.

Just to add another perspective - I work in payroll and can confirm that when we process 403b contributions, they're deducted from gross wages BEFORE we calculate the amounts that go in W-2 Box 1. So by the time your W-2 is generated, Box 1 already reflects your income after the 403b contribution has been subtracted. The Box 12b Code E is purely informational - it tells you and the IRS how much you contributed to your 403b during the year, but it doesn't need any additional tax treatment because the tax benefit was already applied when your employer calculated your taxable wages. TurboTax recognizes this and correctly doesn't make any further adjustments. If you want to double-check, add up all your Box 12 codes that represent pre-tax deductions (like Code E for 403b, Code W for HSA, etc.) and compare that to the difference between your final paystub's gross YTD wages and your W-2 Box 1. They should be pretty close, accounting for any other pre-tax deductions like health insurance premiums.

Does anyone know if this same TurboTax issue happens with partial Roth conversions? I converted $4000 of my $7000 traditional IRA to Roth in 2022, and I'm worried TurboTax will miss it too.

I had this exact same problem with TurboTax and backdoor Roth conversions! What finally worked for me was going to the "Federal Taxes" tab, then "Wages & Income", and looking for "Retirement Plans and Social Security". From there, click "IRA, 401(k), Pension Plan Withdrawals (1099-R)" and manually enter your 1099-R forms. When TurboTax asks what you did with the money, select "I rolled it over to a Roth IRA" - this is the correct option for conversions. Make sure to answer "Yes" when it asks if you converted the entire traditional IRA balance, since you mentioned your account now has $0. The key thing people miss is that you ALSO need to complete Form 8606 to report your non-deductible contributions. In TurboTax, search for "8606" or look under "Federal Taxes" > "Deductions & Credits" > "Retirement & Investments" > "Nondeductible IRA Contributions". This form is what tells the IRS you already paid tax on your contributions, so you'll only owe tax on any earnings that occurred before conversion. Since this was your first backdoor Roth, make sure you filed Form 8606 in the year you made the non-deductible contribution to establish your basis. Without this, the IRS assumes your entire conversion is taxable!