Is the non-profit I work for legally required to generate 1099 forms for all of the individuals who receive stipends from this org. and have filled out W9 forms (technically "independent contractors")?
[more inside]
posted by anonymous
on Apr 1, 2013 -
3 answers
Somewhat unexpectedly, I find myself working as a full time freelancer. Help me anticipate the tax situation.
[more inside]
posted by Sara C.
on Feb 27, 2013 -
13 answers
What's the best place to live on a low budget given a life-consuming job in Manhattan near Madison Square Park? And how low can I go both before and after unintelligible-but-critically-important-tax-stuff?
[more inside]
posted by ch3cooh
on Jan 6, 2013 -
21 answers
Mr. Arnicae and I are married, but haven't filed our (U.S.) taxes jointly before. We're trying to figure out how to decide if it would be financially advantageous to file jointly, and what the negatives or positives would be.
[more inside]
posted by arnicae
on Dec 15, 2012 -
9 answers
Has there been any serious discussion or analysis of "swapping" capital gains tax rates (by raising them) and income tax rates (by lowering them)?
[more inside]
posted by AgentRocket
on Aug 21, 2012 -
12 answers
So I was just wired ~$23,000 into my checking account from a foreign bank. How much (if any) tax do I have to pay on this?
[more inside]
posted by anonymous
on Aug 16, 2012 -
12 answers
My house sold earlier this month. I am not buying a new house right away, but... maybe? How long can I wait? How will this affect taxes? And if I could buy property, should I in order to avoid penalties (if there are any)? You are not my lawyer or my accountant, but way more details with a little bit of drama after the jump.
[more inside]
posted by aabbbiee
on Jun 28, 2012 -
10 answers
I'm seeking recommendations for tax consultants in the UK, or in the US, or maybe both, to figure out where I need to pay taxes.
[more inside]
posted by olinerd
on Jun 19, 2012 -
2 answers
Please help me settle a debate... who is responsible for filing a corporation's tax forms, a sole shareholder or an officer?
[more inside]
posted by Swede78
on Jun 5, 2012 -
5 answers
I'm trying to find information about taxes and volunteer paid experimental (non-clinical) studies. I work in a lab, and one of our participants told us a week ago that if a study pays (the volunteer) over a certain amount, it gets taxed. Can anyone tell me if this is true and give me an official link? We're in Philadelphia, PA, USA. I can provide any other relevant information you need. Thanks!
posted by two lights above the sea
on May 24, 2012 -
6 answers
Can you write off renovations to your home on your taxes for a home based business if you don't own or rent the residence?
[more inside]
posted by blubutterfly
on Apr 29, 2012 -
1 answer
I'm tired of getting screwed over on my taxes. I have two jobs, one of these jobs will not take taxes out with each paycheck. How do I arrange my other job to take more out to cover this?
[more inside]
posted by royalsong
on Apr 16, 2012 -
19 answers
I have a bigger tax bill than I expected, and I'm wavering between putting it all on a credit card and using the IRS installment plan. Have you put your taxes on a credit card? Have you paid through an installment agreement?
[more inside]
posted by ablazingsaddle
on Apr 10, 2012 -
21 answers
argh!! nooooooo!! my amazing tax accountant has decided to retire and is leaving me without any referrals. can anyone recommend an awesome tax accountant, bonus points for specializing in working with creatives.
[more inside]
posted by violetk
on Jan 10, 2012 -
3 answers
If you pay estimated taxes and then end up not owing those taxes, do you get them back?
[more inside]
posted by doomtop
on Dec 9, 2011 -
7 answers
My roommate told me I can buy a computer and get a full refund on my taxes because I'm a student. Is this true, or partially true, or complete B.S.?
[more inside]
posted by DoubleLune
on Sep 25, 2011 -
10 answers
I am trying to learn more/understand better my new tax situation as an independent consultant, and was hoping someone could help me with the following questions:
1. How do I compute my Net Earnings From Self-Employment (NESE)? What calculation is used?
2. Since I am excluded from Federal and State tax (my tax domicile is TX) for my foreign-earned income amount (I estimate it would be $87,500 for 2011) - can you break down how I can get the estimated tax payment amount for 2011?
[more inside]
posted by bbhart113
on Sep 10, 2011 -
7 answers
As a US citizen, living and working abroad for many years, I recently heard of a new law that I must file tax returns on the US by Aug 31, 2011 or face a penalty. Anyone know about this? If US citizens live and pay taxes abroad, they generally are exempt up to $91,500.
posted by foxinsocks
on Aug 27, 2011 -
9 answers
I'd been wanting to form a corporaton for a long time. So many benefits it seems:
track business expenses for income-tax deductions
protect assets against law-suits
gain credibility for certain transactions
privacy
But all the gory details are getting me down...
[more inside]
posted by markhu
on Jul 18, 2011 -
20 answers
Capital Gains on Precious Metals exchanged for Goods and Services? I own Platinum, Gold, and Silver physical coins, bars, etc. and know my cost basis for all purchases and have not sold any. Let's say rather than sell them back to a coin dealer or other similar entity, I exchange gold or silver or platinum for a service or good or something other than currency, what are the tax implications?
[more inside]
posted by Rafaelloello
on Jun 28, 2011 -
8 answers
You Are Not My Employer's Accountant: My W-2 this year has an entry in Box 18, which is preventing me from e-filing because Boxes 19 and 20 are (correctly) blank. There's a mistake here somewhere... but where?
[more inside]
posted by Devoidoid
on Apr 16, 2011 -
2 answers
Career moves and taxes question: Need recommendations for resources that I can read to help me understand how my tax situation changes a) due to career-related educational expenses and b) when I start consulting. Also need a CPA in Chicago who will help me sort through these issues.
[more inside]
posted by Tehhund
on Jan 28, 2011 -
1 answer
As a U.S. resident and citizen, what happens if I neglect to claim income from a Canadian company?
[more inside]
posted by Mushpuppy
on Oct 28, 2010 -
6 answers
I want to get a business license so I can buy products from businesses-only wholesale stores like Jetro. I would not have any income from the business. Would starting this business as a sole proprietor (no fictitious name) expose me to additional tax liabilities for the income from my regular job? Company business category would be Computer Consulting. This is in New York state, Brooklyn specifically.
posted by fishfucker
on Oct 23, 2010 -
8 answers
New job is 99% awesome. The 1% of not-awesome is that I've been told (essentially) to figure out my own state tax deductions. Help.
[more inside]
posted by shiu mai baby
on Oct 4, 2010 -
10 answers
I started a side business in 2009 and operated at a loss. I did a terrible job of record-keeping. Should I submit deductions, or just forget it?
[more inside]
posted by sorrenn
on Oct 2, 2010 -
7 answers
Stupid tax question: I live in the U.S. If I'm paid on a contract basis for consultant work by an overseas corporation, do I have to pay income tax on that money? In this equation, am I just a regular-joe 1099 contractor?
[more inside]
posted by Cool Papa Bell
on Sep 8, 2010 -
8 answers
Are most U.S. citizens looking at a federal tax hike next year? I can't seem to find reliable data on this.
Would such a hike apply to money earned 2010 or 2011?
posted by The ____ of Justice
on Sep 4, 2010 -
15 answers
Freelance Writer Tax Write-Off Question: I'm a first time independent contractor and want to know how and if I can write-off a laptop.
[more inside]
posted by bluelight
on Jul 23, 2010 -
12 answers
I did our taxes through TurboTax. I thought they transmitted correctly. They didn't. I just realized this. So are we going to jail for tax evasion?
[more inside]
posted by macadamiaranch
on Jul 22, 2010 -
14 answers
If I sell off some of my books on Amazon, is that income I need to pay taxes on? I ask because I'll generally be selling my books at a loss - they're books I bought for myself, am done reading and want out of my spare bedroom. It's not exactly the product of a business plan.
posted by codswallop
on Jul 19, 2010 -
8 answers
How do I claim taxes working as a salaried IT consultant? I have a client in another state that I travel to on a weekly basis.
[more inside]
posted by jwfree
on Jun 2, 2010 -
2 answers
Girlfriend hasn't filed taxes yet. Her W-2 for Unemployment is missing, but she withheld the max amount. What do we do?
[more inside]
posted by scaryblackdeath
on Apr 14, 2010 -
9 answers
I’ve been living in London for the past 6 months, and somehow the US tax deadline escaped my radar until now. Help!
[more inside]
posted by Danah_78
on Apr 14, 2010 -
13 answers
My tax preparer reported I contributed more to my Roth IRA than I actually did. Does this matter?
[more inside]
posted by beyond_pink
on Apr 12, 2010 -
10 answers
How to report rental income through a property management company on turbotax ? Missing a 1099-MISC form.
[more inside]
posted by jason9009
on Apr 9, 2010 -
2 answers
In 2009, I made less than $9000 at my part-time job. Do I need to include this income when filing my taxes?
[more inside]
posted by en el aire
on Apr 3, 2010 -
17 answers
So I, along with two other people are starting a magazine based out of Canada. We're planning to raise funding for it via Kickstarter.com but are worried that we're signing up for a nightmare of tax trouble.
[more inside]
posted by 256
on Mar 15, 2010 -
0 answers
My mother refinanced our house in
September 2009 and to qualify for a better rate I cosigned the new loan - now the mortgage statement comes in both of our names. Since I've never owned a piece of property before do I qualify for the First Time Home Buyer Tax Credit?
posted by exhilaration
on Mar 12, 2010 -
6 answers
