23 posts tagged with Tax and finance. (View popular tags)
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Freelance / self-employed tax deduction for reimbursed travel expenses?

Can a freelance / self-employed person (filing Schedule C) deduct from her taxes the cost of business travel (airfare, lodging) that she was later reimbursed for? [more inside]
posted by toomuchkatherine on Feb 9, 2014 - 3 answers

 

Did you find mistakes or problems with Turbotax?

Hi AskMefi. Did my taxes as I always do withTurbotax Deluxe. They came out higher than I expected. I'm considering getting a professional to see if I'm making errors but wanted to see if anyone has had a similar experience where they found that turbotax left them with unaccounted or unexpected payments. Any experiences like this? Thanks.
posted by CaptainCaseous on Mar 19, 2013 - 16 answers

You are not my estate lawyer, finance lady, or tax guy. Can you help me find that person?

Grandma set up an uneven trust and we want to distribute it equally. Who do we talk to and what do we ask them? Questions about imbalanced inheritances, DIY redistribution of wealth, and taxes within... [more inside]
posted by anonymous on Jun 1, 2012 - 14 answers

How to make a loan to a family member?

Where can I find a good contract template for a loan between two family members? What about the tax implications? [more inside]
posted by StickyCarpet on Feb 15, 2012 - 1 answer

In the unlikely event they don't get full-ride scholarships

I own a lot of shares in a company that has done very well on the market recently. So well in fact that if I sold it all now, I could divide the proceeds equally between my two kids and set them both up for college — something my parents couldn't do for me. However, my oldest child won't be ready for college for another 12 years. Is there any way to convert the stock shares into something less volatile than the market, without incurring capital gains tax? My kids both have 529 funds and I'd love to be able to move the stock there but I want to avoid the IRS as much as possible. Yes, I am naive and ignorant of the finer workings of finance, so please be gentle.
posted by Ratio on Oct 30, 2011 - 13 answers

Which is worse - less savings or more debt?

Should I cash out my IRA to significantly reduce my credit card debt? [more inside]
posted by anonymous on Jul 27, 2011 - 12 answers

Really Remarkably Simple Problem: Randomination Rather Seems Puzzled

Canada tax: Question about timing of RRSP contributions. Did we mess up? [more inside]
posted by randomination on Apr 11, 2011 - 6 answers

What effect will the change in US tax rates on dividends have on share prices and dividend payouts?

What effect will the change in US tax rates on dividends have on share prices and dividend payouts? [more inside]
posted by underdetermined on Jun 3, 2010 - 9 answers

Why Incorporate?

What are the benefits of incorporating? [more inside]
posted by malhouse on Apr 23, 2010 - 10 answers

Tricky tax situation, what to do?

Asking on behalf of a friend who is silly enough to not have a MeFi account, but smart enough to know she will find answers here: "I am a freelance translator and I'm about to finish a big project for a US based company. The job is quite complex and long, so a fair amount of money is going to come my way. I have been moving around for the past 2 years, so I am not quite sure how to handle the invoicing / taxes. I'll explain my current situation and I would appreciate any advice, insight, etc. [more inside]
posted by mjewell on Mar 16, 2010 - 5 answers

More tax cuts?

Canadian finance minister, Jim Flaherty, is set to announce our government's plans to stimulate the economy. That plan is rumoured to contain some major tax cuts. Help me understand why every policy, in good times and bad, always calls for tax cuts. [more inside]
posted by Vindaloo on Jan 12, 2009 - 18 answers

Lesser of two tax burdens?

My partner and I need to pay off some debt, and unfortunately we need to dip into our retirement funds. Our tax accountant is on vacation and we can't find the answer to our question. We have two sources–either sell some stock or cash out a couple of short-term IRA CDs. Which is the lesser of two evils? [more inside]
posted by al_fresco on Dec 13, 2008 - 11 answers

30-year investment portfolio which has to start before the end of the year and wants to be left alone afterwards?

If you had a very strong incentive to invest money before the end of the year with a 30-year outlook, and a further strong incentive to not adjust your investment strategy over that timeframe unless absolutely necessary, what kind of portfolio would you assemble? [more inside]
posted by anonymous on Dec 5, 2008 - 15 answers

Help me make sense of small businss tax forms!

Starting a small, part-time, home-based eBay business in New York. What are the implications of registering for a Sale & Use Tax certificate? [more inside]
posted by kmtiszen on Aug 27, 2008 - 1 answer

What is the best financial/tax situation for a family with a kid on the way?

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

How do I get old W2s?

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 by cachondeo45 on Apr 11, 2008 - 2 answers

Being taxed as a business, despite being a public employee

Los Angeles is hitting me for a big chunk of money for business taxes... this despite the fact that I am a public employee. [more inside]
posted by the_bone on Sep 5, 2007 - 4 answers

Tax planning advice for the self employed.

Tax planning advice for the self employed. The web is full of articles, the bookstores are full of guides. But there is so much "get rich quick" and "pay zero taxes" crap out there that I am not sure where to go for good, solid tax planning advice. [more inside]
posted by Nothing on Mar 26, 2007 - 5 answers

are my business expenditures deductible?

How can I tell whether or not the expenses incurred by my new LLC, which I'm filing taxes for as a partnership and which is operating at a loss this year, can be claimed by the members as deductible business expenses? [more inside]
posted by lgyre on Jan 23, 2007 - 7 answers

Vancouver accountants?

Possibly a longshot : can anyone recommend an accountant in Vancouver? [more inside]
posted by stavrosthewonderchicken on Sep 14, 2006 - 5 answers

How do you prove you used IRA money for home purchase?

Tax laws allow you to withdraw money penalty-free from your IRA up to $10,000 if you use it towards a first-time home purchase. We just got the check -- my question is, how do we prove later on that we did use the money for the house?
posted by boognish on Aug 4, 2006 - 14 answers

One roommate owns, one doesn't; how to handle?

I own a condo with a mortgage and tax deductions and equity. SO moving in. How do we split expenses fairly? Many other questions about financial logistics. [more inside]
posted by commander_cool on Feb 13, 2006 - 20 answers

Tax and Stock Options

I have exercised stock options and taken possession of a small number of shares. I have not sold anything, but am wondering how screwed I am, tax-wise. First, do I have to declare the value of the stock as "income" for the year that I acquired it? Second, if I should sell it, do I add the money I receive from that sale to my regular taxable income? Do I deduct the amount I paid in? Is the net difference subject to other taxes? Is this handle-able by an average person or do I need an accountant?
posted by scarabic on Jan 13, 2005 - 6 answers

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