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How much does an exemption leave in your paycheck?

TaxFilter: So I need more monthly income. I'm thinking about upping my exemptions, but I would like to know how dramatically that will effect my tax return. More inside... [more inside]
posted by AltReality on Jan 29, 2009 - 4 answers

Tax deductions for food donations?

Can grocery retailers claim a tax deduction for the market value of donated food, or just the cost of that food? I've been given both answers - but only one can be right, right? [more inside]
posted by greggish on Jan 27, 2009 - 7 answers

Which version of Turbo Tax should I use?

Which version of Turbo Tax should I use? [more inside]
posted by conigs on Jan 22, 2009 - 3 answers

How does this work?

Explain to me how property taxes in NYC work. [more inside]
posted by jourman2 on Jan 13, 2009 - 6 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

Reasonably priced tax preparation software that doesn't require me to put my info online?

I need recommendations for consumer tax preparation software, other than TurboTax. [more inside]
posted by elfgirl on Jan 10, 2009 - 6 answers

Can I get a tax deduction from building a website for a charity?

Building a website for a charity in Australia. Can I get any tax deductions from this? Does it make a difference if I charge them or if I do it for free? [more inside]
posted by Eastgate on Jan 9, 2009 - 11 answers

Need help with tax prep software

Need a recommendation for tax prep software appropriate for public practice [more inside]
posted by irie1972 on Jan 7, 2009 - 1 answer

Recommend a Tex Preparer in San Jose

Please recommend a local tax preparer in the SF Bay area (San Jose preferred). I have a fairly straightforward situation: single, 401(K), charity donations that need to be itemized and some interest income from a money market account.
posted by JDC8 on Jan 5, 2009 - 9 answers

CPA in the east bay

Does anyone have a recommendation for a good CPA in the east bay (San Francisco) area. We don't know many locals who don't use turbo-tax and have a complicated year's worth of taxes. [more inside]
posted by NGnerd on Dec 30, 2008 - 6 answers

Can I get a tax deduction from donating clothing in Australia?

I'm living in Melbourne, Australia, and I have a whole lot of unwanted clothing (some unworn or barely worn) that I want to donate to an op shop. Am I able to get any tax deduction for this?
posted by Eastgate on Dec 25, 2008 - 1 answer

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

Death and Taxes

[Tax/Stock Filter:] Employee Stock Purchase Plan advice especially in re: taxation [more inside]
posted by jckll on Dec 11, 2008 - 5 answers

Looking for a good tax preparer in the Boston area

Looking for a good tax preparer in the Boston area. [more inside]
posted by anonymous on Dec 9, 2008 - 6 answers

Blogging and Money and Taxes - Oh My!

blogging as a business and taxes - it can't be so difficult! Or can it? The Plan - spouse and I want to start a travel blog (we love to travel and are *good* at it!) as a business. You know, run some google ads, make a little money. Actually, if we make enough to cover our travel, we'll be happy (until the eventual greed kicks in). Soooo... if we're going to make more than $600 here in America, the IRS is going to want it's share. But two can play at that game! We want to take all the deductions we can (home office, website costs and, of course, our travel). It will just be the two of us, no employees. But therein lies the confusion... [more inside]
posted by catcatwomanman on Dec 8, 2008 - 15 answers

Financial/Tax/Credit implications of Marriage? Actions to take beforehand?

We're probably having a quick before-end-of-financial-year Wedding in California. What are some marriage tax / credit / legal / other benefits? Disadvantages? Actions to take before marriage to maximize our stability and security? [more inside]
posted by lalochezia on Dec 8, 2008 - 4 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

Can I get my money back?

Is it legal for AT&T to charge sales tax on the un-discounted price of a new phone (versus the actual purchase price)? Why? [more inside]
posted by FuzzyVerde on Dec 5, 2008 - 18 answers

How should I invest for retirement?

I am trying to figure out how to invest money for retirement and otherwise. I am in my late 20s, earn $55,000 annually, have no debt, and about $90,000 in savings. I am currently putting 5% of my salary into a 403(b) which is the maximum amount my employer will match. [more inside]
posted by anonymous on Dec 2, 2008 - 11 answers

Artist Forming a Business

What is the difference between a Master of Business License and a LLC in Washington State? Which one would be more appropriate for a freelance artist/product designer/jeweler to have? I need to have a Tax ID number for my business, is that the same as a UBI number? Thanks!
posted by bdoop21 on Dec 1, 2008 - 5 answers

How much should I put in my medical Flexible Spending Account?

How much should I put in my medical Flexible Spending Account for next year? [more inside]
posted by grouse on Nov 24, 2008 - 6 answers

UAE taxation

Moving to the UAE from the UK, tax query (bonuses) [more inside]
posted by Mossy on Oct 26, 2008 - 1 answer

Tax exemption online?

How do I file an out of state sale that I made online. I know that I do not charge tax to out of state customers but is there a exemption form that I need to fill out or somewhere I can get more information on this process. I run a company in Connecticut and we have been making more and more out of state sales and I need to figure out how to go about the exemption process. Thank you for your help.
posted by CFMartin on Oct 24, 2008 - 3 answers

US income tax history and theory for dummies?

With all the bickering over taxes in the election campaign, I'm trying to get a broader picture of US income tax history, theories behind past policies, and analysis of how they worked (in idiot friendly language). [more inside]
posted by p3t3 on Oct 17, 2008 - 4 answers

Obama's Small Business Tax? Revenue or Profit?

Will Obama's tax plan tax revenue or profit of $250k on small businesses? [more inside]
posted by blueplasticfish on Oct 16, 2008 - 18 answers

Help me understand how to leverage a rental property to purchase another rental property.

Help me understand how to leverage a rental property to purchase another rental property. Plus it involves family and money. [more inside]
posted by ninjew on Oct 16, 2008 - 3 answers

Taxes and GDP

How do changes to the tax rates correlate with changes to the Gross Domestic Product (GDP), and how are those changes forecasted? [more inside]
posted by brandnew on Oct 14, 2008 - 4 answers

Can a future debt accure interest retrospectively?

I did my Australian taxes late. I'm now being charged a general interest charge on a $7.5k Higher Education Debt that didn't exist at the time. Is there anything I can do? [more inside]
posted by bingoes on Oct 12, 2008 - 3 answers

If parent transfers house to me, how can I get mortgage tax deduction?

Can I get the mortgage tax deduction if a parent transfers their house to me and I begin paying the mortgage without going through an actual sale and real estate agent/commission process? [more inside]
posted by KimikoPi on Oct 4, 2008 - 5 answers

Are Australian online tax return services any good?

Australian MeFites: have you used an online tax return service and been happy with the results? [more inside]
posted by flabdablet on Sep 28, 2008 - 3 answers

A question for NY iPhone owners

NY iPhone owners: How's the reception in Queens (Astoria/LIC) and what's the bill once all the taxes etc. are included? [more inside]
posted by JulianDay on Sep 27, 2008 - 3 answers

Should I be paying US taxes?

Should I be paying US taxes? I moved to the UK when I was 14 (1991), and have never drawn an income in the United States, don't maintain a credit card, bank account, address, etc. However, I am still a US citizen, as well as a UK resident (soon to become citizen). A (paranoid and not informed) parent is worried that I'm going to end up in prison for tax evasion. I certainly don't earn enough money that I can afford to be taxed in two countries. Any information is greatly appreciated.
posted by anonymous on Sep 8, 2008 - 12 answers

eBay clothing sales - do I charge in-state sales tax?

Am I required to charge sales tax for clothing sold from a home-based eBay business out of New York City? [more inside]
posted by kmtiszen on Sep 7, 2008 - 2 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

Multi-State Tax Exemption

Can my New York State 501c3 non-profit buy something in New Jersey and avoid paying NJ sales tax? [more inside]
posted by slagerst on Aug 25, 2008 - 1 answer

Dammit, IRS, I'm an actor not a tax lawyer.

Where can a theater company get legal and tax advice in NYC? [more inside]
posted by crookedneighbor on Aug 23, 2008 - 5 answers

Robbing the Rich?

Will Obama's windfall profits tax destroy the American economy? [more inside]
posted by Mr. Anthropomorphism on Aug 13, 2008 - 30 answers

Shoud I bother with the new federal housing tax credit?

FinancialOpinionFilter: I qualify for the new Federal Housing Tax Credit! Yay! But since I have to pay it back it hardly seem useful. Plus there's extra hassle with taxes for the next 15 years. Should I bother claiming it?
posted by GuyZero on Aug 7, 2008 - 5 answers

Tax me on the River

Gambling and the IRS: I've been honing my poker skills and I think I'm ready to take my game to the next level: professionally. If I begin making gains at both casinos and online, what is my duty in terms of declarations and bookkeeping while filing my taxes?
posted by Christ, what an asshole on Aug 5, 2008 - 12 answers

Under what conditions do I need to file taxes as common-law partners?

I've never been quite clear on Canadian common-law taxes. I'm wondering if I have to file with my girlfriend, and what the advantages are. [more inside]
posted by anonymous on Aug 4, 2008 - 4 answers

Tax settlement services

How do tax settlement services work? [more inside]
posted by anonymous on Jul 28, 2008 - 4 answers

Charitable Contributions, Pending Exemption and Deductability

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 by Falconetti on Jul 21, 2008 - 8 answers

Please help me get my tax refund

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 by anonymous on Jul 17, 2008 - 7 answers

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

Who funds the Canadian Taxpayers Federation?

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

G-tech or Western Digital Hard Drives

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 by captainscared 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?

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

Can some recommend a good Tax Attorney in San Francisco?

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

Two exciting questions about Canadians earning income abroad

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 by anonymous on May 26, 2008 - 6 answers

What are the tax benefits of being a landlord?

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

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