US Tax Advisor-AI tax guidance, forms help

Example

When a user is confused about where to input income from dividends on IRS Form 1040, US Tax Advisor explains the difference between qualified and ordinary dividends and guides the user on filling out lines 3a and 3b of Form 1040.

Scenario

A taxpayer receives dividend income from an investment and is unsure how to categorize it. US Tax Advisor clarifies that qualified dividends are taxed at a lower rate and instructs on how to report both types on the tax form.

Example

A user asks how to claim the Child Tax Credit on Form 1040. US Tax Advisor explains the qualification criteria, including income limits, and assists in calculating the potential credit.

Scenario

A taxpayer with two children and a moderate income wants to ensure they are claiming the full Child Tax Credit. US Tax Advisor verifies eligibility and walks through the steps of claiming both the Child Tax Credit and the Additional Child Tax Credit, if applicable.

Example

A user dealing with self-employment income wants to know how to report business expenses. US Tax Advisor provides guidance on Schedule C for business income and Schedule SE for self-employment tax.

Scenario

A freelancer who runs a small business needs to know which expenses are deductible, such as office supplies and mileage. US Tax Advisor offers detailed advice on what counts as a valid deduction and how to report it.