Answer Library

Besides income taxes, what other tax liabilities does online account show

Welcome to the Answer Library from Ask Blue J, tax technology that delivers fast, verifiable answers to your tax questions using an extensive database of curated tax content and industry-leading generative AI technology. Click here to explore all questions and answers to your pressing tax questions.

The information provided does not, and is not intended to, constitute legal advice. Generative AI systems can make mistakes. Verify all important information. This answer was last updated on Jun 11, 2024.

Please read our Terms of Use and Privacy Policy.

We used Ask Blue J to write a response:

Question:

Besides income taxes, what other tax liabilities does online account show

Answer:

Online account shows details for any federal tax liability associated with your individual account, such as:

Income tax owed on your Form 1040
Additional tax owed on your Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
Shared Responsibility Payment (for tax years 2014 to 2018), which applies if an applicable individual in a tax household lacked minimum essential coverage for any month
Trust Fund Recovery Penalty

Sources:
Publication 15 (2024)
Publication 505 (2024)
Publication 54 (2023)
Publication 544 (2023)
Publication 334 (2023)
Publication 530 (2023)

Want more information on this topic? Speak to one of our experts.

Click here to explore all questions and answers to your pressing tax questions.

Discover More

Related Questions

Sections

General Tax Principles

Can a state court determine who may claim a child as a dependent on a federal income tax return?

Will I have to recognize income, gain, or loss if I own multiple digital wallets, accounts, or addresses capable of holding virtual currency and transfer my virtual currency from one to another

I am adopting a child and don't yet have a social security number for the child. How may I claim the child as my dependent?

How do I calculate my gain or loss when I exchange property for virtual currency

Interested in seeing Blue J in Action? Just Ask