If you have filed for exemption with the IRS for a nonprofit you are starting and your status is pending while they review, I understand that you can still solicit donations and generally when your exemption is granted your exempt status applies retroactively to your date of incorporation. But how are the donor's charitable contributions treated? Can they deduct the tax year they donate or do they have to wait until the tax year in which exemption is granted (if the pending period lasts until a new tax year)? Or is it also retroactive and they would have to amend their previous tax return once the nonprofit gains exempt status?
posted on Jul 21, 2008 - 8 answers

I'm Canadian. I was lazy, and forgot to file my tax returns for the three previous years. I also lost all of my T4 slips, and some of my work was done for companies that no longer exist. Am I up the creek without a paddle? [more inside]
posted on Jul 17, 2008 - 7 answers

What is the best financial/tax situation for us? Kid on way, financial aid eligibility concerns. [more inside]
posted on Jul 2, 2008 - 4 answers

Where does the Canadian Taxpayers Federation get its funding? [more inside]
posted on Jun 26, 2008 - 9 answers

I am looking to buy 2 1T drives. I'm doing some final cut work but mostly for media storage. I'm looking at the Western Digital 1 TB My Book Premium Edition II Triple Interface ($236) and the G-Tech Q drive which retail at $445. That's almost twice the price of the western digital. [more inside]
posted on Jun 17, 2008 - 9 answers

Any word if the IRS will rate the 2008 mileage rate because of the rapid increase in gas prices? [more inside]
posted on Jun 9, 2008 - 4 answers

Can some recommend a good Tax Attorney in San Francisco? [more inside]
posted on Jun 2, 2008 - 3 answers

How do taxes work for a Canadian citizen producing creative content for an american publication? How about a Canadian providing 'e-training' to an American? [more inside]
posted on May 26, 2008 - 6 answers

What are the tax benefits of being a landlord? [more inside]
posted on May 16, 2008 - 7 answers

Can my great aunt make a $12,000 gift to me, my wife, and each of our two kids (for $48,000 total) without incurring the gift tax? [more inside]
posted on May 4, 2008 - 12 answers

I need to better understand the proposed tax systems. Mainly the fair tax or sales tax versus an income tax. I am writing a paper for school on the viewpoints of TTARA (The Texas Taxpayers and Research Ass.) and CTJ (citizens for tax justice) but cannot gain a clear idea of what each side is proposing. Obviously the republicans want the fair tax, and since TTARA is business minded, I assume they too seek the fair tax, or at least support it. But what is the Dem idea of fair taxation? Do they want an income tax? What is all this talk on CTJ about income tax cuts? I don’t have the patience to sift through all the material so I'm hoping someone can give me a basic idea of the differing positions on the matter. Mainly answer the question of who wants what and why, and who benefits most from each plan.... Also what about the working poor, do they benefit most from an income tax? Etc. Etc.
posted on May 4, 2008 - 17 answers

OzTaxFilter: What's in the tax law to stop me from salary sacrificing a new laptop then immediately flogging it second-hand (but effectively new-in-box) on eBay for a few hundred off retail and a spare grand in my pocket? [more inside]
posted on May 1, 2008 - 18 answers

The state DMV won'’t let me renew my registration on my current car because I owe property taxes on the old car. Is that legal? Can the state refuse to help me comply with one law if I am potentially violating another one? [more inside]
posted on Apr 30, 2008 - 6 answers

I have never filed my taxes in Ontario, Canada before. Are there any benefits to doing so even if I have no income to declare?
posted on Apr 30, 2008 - 8 answers

Can you recommend a tax attorney in Washington State? Business taxes (Department of Revenue), specifically - but any tax attorney you've had good experience with would be appreciated!
posted on Apr 26, 2008 - 0 answers

Accountant Filter: I'm a taxation student, working on a theoretical 1065 Return of Partnership Income (real tax return, theoretical situation). I've got a gain on the sale of a building that is a related-party transaction... [more inside]
posted on Apr 26, 2008 - 1 answers

How to find a company's Federal Tax ID # (in a hurry!) [more inside]
posted on Apr 15, 2008 - 6 answers

It's Tax Day already?! [more inside]
posted on Apr 15, 2008 - 14 answers

U.S. tax question: if I'll definitely be receiving a refund rather than paying tax, what will happen if I neither file nor file an extension by the end of the 15th? (Will it just mean that I won't receive my refund until I do file -- or will it mean a fine/fee that reduces my eventual refund?)
posted on Apr 15, 2008 - 19 answers

So a friend's just received a bonus from her employer, but the bonuses seem excessive. (The taxes from that bonus exceed the total of taxes that were paid for the entire year.) Is there anything that can be done? [more inside]
posted on Apr 14, 2008 - 14 answers

Foreign Money Tax Filter: This is likely a silly question, but please humor me. Money sat in an interest-friendly account overseas for 20 years, was finally all withdrawn this year.... [more inside]
posted on Apr 13, 2008 - 5 answers

TurboTaxFilter: Trying to figure out where to enter "Nonresident's share of net tax paid by the manager of the partnership" for a North Carolina return using TurboxTax 2007 Home & Business [more inside]
posted on Apr 13, 2008 - 2 answers

does Tennessee have a separate tax all for itself like California does? or would I just get my usual 17% or so taken out of regular paycheck? I'm considering moving there so if somebody could help me out.......thanks... Loco
posted on Apr 11, 2008 - 6 answers

Tax Filter (surprise surprise!): I didn't pay my taxes in 2000 or 2004 and I need to get my hands on the W2s from those years. [more inside]
posted on Apr 11, 2008 - 2 answers

I remember hearing that San Francisco property taxes used to be based on door width (obviously not anymore), can anyone confirm/deny this and/or provide any articles explaining it? Thanks.
posted on Apr 11, 2008 - 8 answers

What date acquired and cost basis should I put for two items reported on a 1099-B, when there are several unknowns? [more inside]
posted on Apr 10, 2008 - 8 answers

Help! I incorrectly filled out my W-4! I'm in the process of rectifying this, but what happens after the fact? [more inside]
posted on Mar 18, 2008 - 6 answers

Can I deduct moving expenses on an unpaid mover bill on my tax return? In March of 2007 I moved from New Jersey to Alaska, but am unable to pay the movers to deliver my property until my wife cashes out her stock from her former employer. The property is currently undelivered and unpaid for, but I did get billed for it in 2007. Can I deduct this as a "moving expense" for 2007? [more inside]
posted on Mar 12, 2008 - 5 answers

Does the 'use tax' charged by states for purchases made outside their borders violate the commerce clause? [more inside]
posted on Mar 12, 2008 - 3 answers

Is VAT calculated based on the billing or shipping address of an EU customer? [more inside]
posted on Mar 12, 2008 - 5 answers

Do I have to itemize *all* my online purchases from amazon, etc on my tax return and pay New York State sales tax? [more inside]
posted on Mar 11, 2008 - 16 answers

Canadian-TaxFilter: How do I get a hold of my missing T4s? [more inside]
posted on Mar 11, 2008 - 6 answers

How can I contribute to my IRAs as soon as possible? [more inside]
posted on Mar 5, 2008 - 12 answers

Nevermind that I should have backed up or have them on hand somewhere in a filing cabinet. How can I get a copy of my 2006 tax return on the quick, and on the cheap?
posted on Feb 29, 2008 - 1 answers

Can you recommend a good CPA in Pasadena? [more inside]
posted on Feb 27, 2008 - 2 answers

I sent out my taxes (for the first time MONTHS early) and sent them Certified Mail (upon the recommendation of an accountant) for the first time as well. I got the little green card back for the State Taxes but I never got one for my Federal Taxes. Does this mean that my Federal Tax return was lost in the mail? How do I go about verifying if my tax return was lost? Can I send them a copy? What do I do?
posted on Feb 27, 2008 - 15 answers

Any Australian mefites out there with tax accounting knowledge for film/tv workers? I am so confused about this "income averaging" thing everyone's talking about. I get the theory of why and how income averaging works, but I'm a bit confused about who is eligible, as I've been hearing conflicting stories... [more inside]
posted on Feb 26, 2008 - 4 answers

Paying US back-taxes: should I go for an installment plan or pay it all now, and pay off the credit card companies instead? [more inside]
posted on Feb 26, 2008 - 8 answers

How do I get money (30,000 Euro/$50,000) from Europe to the United States with the least amount of pain? [more inside]
posted on Feb 26, 2008 - 22 answers

I forgot to claim a $4,000 contribution to a Roth IRA account during the 2006 tax season. How do I go about claiming this in the 2007 tax season? (more inside) [more inside]
posted on Feb 21, 2008 - 11 answers

What proof do I need to claim the Colorado Alternative Fuel Vehicle Credit on my taxes? [more inside]
posted on Feb 17, 2008 - 1 answers

Tax payers are to save the second IRS notice regarding the stimulus payment in order to properly file 2008 taxes. Why? Will it be deducted from a potential 2008 refund? [more inside]
posted on Feb 14, 2008 - 8 answers

LegalFilter: My ex-wife is trying to screw me out of claiming my daughter on my taxes. What are my options? [more inside]
posted on Feb 7, 2008 - 21 answers

US citizen living in Canada, didn't file a US return in 2006 for my meager graduate student stipend. Should I file a late 2006 US return now, even though I know I don't owe anything? [more inside]
posted on Jan 31, 2008 - 6 answers

[TaxReturnFilter] Should I file my tax return before this economic stimulus package is passed through Congress? [more inside]
posted on Jan 27, 2008 - 8 answers

We're looking for a good online tax withholding calculator. Our 2008 income will be much higher than 2007, and we've only filed jointly once before (newlyweds). [more inside]
posted on Jan 24, 2008 - 7 answers

Am I, a nonresident alien who is a "US resident for tax purposes", going to get the $600 US tax rebate check in 2008? [more inside]
posted on Jan 24, 2008 - 7 answers

I live in NH but still have a CT driver's license... due to a combination of supposed lack of need and laziness. [more inside]
posted on Jan 20, 2008 - 9 answers

TaxFilter2007: I earned income at my job in StateA. However, all my bank addresses (permanent and mailing) are for StateB, where someone collects my mail for me. I used StateB for banks to not have to deal with remembering zip codes and changing addresses. Furthermore, I've worked in 2006 in StateC but didn't receive the last paycheck until 2007. Will I have to file state taxes in all these states? This is my first time doing my own taxes. [more inside]
posted on Jan 19, 2008 - 7 answers

I haven't filed (US and NJ) taxes in... hm. Possibly ever. I'd like to fix that, but have no idea what I made and when, and how to start. [more inside]
posted on Jan 17, 2008 - 16 answers