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Category: FAQ's
74 Articles
Orange arrow What do I have to claim if I sold my house?

1838 views
  If you sold or exchanged your main home, do not report it on your tax return unless your gain exceeds your exclusion amount. Generally, if you meet the two tests below, you can exclude up to $250,000 of gain. If both you and your spouse meet these tests and you file a joint return, you can exclude ...
Posted in: FAQ's

Orange arrow Can I pay the IRS the amount I owe with a credit card?

3100 views
  You may pay by phone or over the Internet through one of the service providers listed below (provided from the IRS). Official Payments Corporation 1-800-2PAY-TAX (1-800-272-9829) 1-877-754-4413 (Customer Service) www.officialpayments.com. Link2Gov Corporation 1-888-PAY-1040SM (1-888-729-1040) 1-8...
Orange arrow How to create 1040NR return

2828 views
  Here is the instructions to create 1040NR. Pay special attention to the item within the *** Please go to our homepage Click Start Now to create your OLT ONE Account. In STEP 1, select Username and password. Once you have created your account, proceed to select "Start my 2021 return". ***The scre...
Posted in: FAQ's

Orange arrow What if I file my federal return late?

4016 views
  If you have attempted to file your federal return prior to the filing due date (April 18. 2022 for 2021 returns) and it was sent back for correction, you have until 5 days to have it corrected and still be considered on time. If you are due a refund, there is not a deadline or penalty imposed. The...
Orange arrow What is the phone number for OLT?

4780 views
  Our phone number is : 1-888-658-4829 for OLT Self-Prepared Customers (toll free) 1-816-232-0095 for OLT Self-Prepared Customers. 1-877-658-4776 for OLTPRO Professional Tax Preparers (toll free) 1-816-232-9095 for OLTPRO Professional Tax Preparers. Phone support for the software only is ava...
Posted in: FAQ's

Orange arrow Do I need to mail anything in to the IRS?

2832 views
  Our website allows you to e-file your tax return. In most cases, this means that you will not be required to mail anything to the IRS. Exceptions to this include, but are not limited to: You owe money to the IRS and you did NOT choose to pay online when you filed the return - You will need to p...
Posted in: FAQ's

Orange arrow Can I file a return for another year electronically?

4015 views
  Prior year returns must be paper filed. The IRS only accepts current year returns through October 15 of each filing year for e-file. We now offer prior year return preparation for your convenience. From our homepage, click on "start now" to create an OLT ONE account (or sign in if you have an O...
Orange arrow How can I file an amended return?

3031 views
  On-Line Taxes, Inc. offers FREE current year amended returns for current year customers. In other words, if you file with us this year and it was accepted but you then discover you need to amend the return. No problem, just log into your account and click on the File an Amended Return link given on...
Posted in: FAQ's

Orange arrow How do I know the IRS receives my return?

2919 views
  The IRS will notify our company that your return was received. Usually the IRS notifies us within 48 hours of transmission. We will send you an email with the status of your return and/or you can log back in to your account to check the status. With the new IRS MeF system, you can get this acknowl...
Orange arrow My federal return was rejected due to 'PrimarySSN and PrimaryNameControlTxt' in the Return Header must match the e-File database.

1098 views
  You received this rejection because the primary taxpayer SSN or name do not match IRS records. Review the SSN and name entered. Be sure they are entered exactly as they appear on your social security card. If there is a mistake, update your entries and resubmit the return. If it appears to be cor...
Orange arrow What is an IPPIN and where do I enter this?

917 views
  An Identity Protection PIN (IP PIN) is a six-digit number that prevents someone else from filing a tax return using your Social Security number. The IP PIN is known only to you and the IRS and helps to verify your identity when you file your electronic or paper tax return. If you received the IPPI...
Orange arrow Payment Information

2262 views
  DO NOT enter withholdings from any income statements such as W2, 1099, etc. in the payments section. (This mistake would either cause your return to be rejected by the IRS or accepted and a letter later mailed to you stating you owe this money back along with penalty and interest amounts.) You must...
Orange arrow How do I enter a deduction for charitable contributions if I am not itemizing deductions on Schedule A?

1757 views
  For the 2021 return: Individual tax filers, including married individuals filing separate returns, can claim a deduction of up to $300 for cash contributions made to qualifying charities during 2021. The maximum deduction is increased to $600 for married individuals filing joint returns. In...
Orange arrow Why am I getting so many emails?

2966 views
  Occasionally we must re-transmit a return through the automated system to the IRS. Every time we send a transmission, we get an acknowledgement from the IRS about the status of your return, because of this you could get extra accept/reject email messages. You can always get the current status of ...
Orange arrow What is the Alternative Minimum Tax?

3078 views
  The tax law gives preferential treatment to some kinds of income and allows special deductions and credits for some kinds of expenses. Taxpayers who benefit from these provisions of the law may have to pay an additional tax called the alternative minimum tax. It is a separate tax computation that, ...
Posted in: FAQ's, Taxes


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