I need to know a rough estimate of how much I should take out in taxes. Theres no withholding with my checks because the temp agency is whack like that. But I need to know how much to take out for tax season? I live in NY, but don't live in the city. So far I earned with this agency... 7466.55. The end of the year it will be $9000 earned. Can anyone help?
posted by InterestedInKnowing on Nov 23, 2009 - 12 answers

What are some good low risk ways to invest $30k for about a 3 month period? [more inside]
posted by trbrts on Nov 4, 2009 - 8 answers

Last year I lived and worked in two different states (RI and CA) I worked two jobs in RI and then got another temp job in CA and moved out there in the fall. So I am using TaxCut to file my returns (yes I know its cutting it close) but I am confused when it asks for the "Employee's address" under the W-2 section; what do I put? Do I put my address where I used to live for those jobs back in RI or my current one in CA? I still consider myself a RI resident and will be moving out of CA in two weeks back to New England.
posted by Rustbeard on Apr 7, 2009 - 4 answers

Self-employment tax help for out-of-state web work [more inside]
posted by anonymous on Feb 24, 2009 - 9 answers

What sort of state of organization are the financial records of most sole proprietorships in? [more inside]
posted by anonymous on Feb 17, 2009 - 5 answers

Help me get a great accountant in the UK (pref Manchester), who understands on-line businesses. [more inside]
posted by Andorinha on Dec 29, 2008 - 2 answers

I'm in over my head, and I just need a system that will help me do some very, very simple accounting. [more inside]
posted by Medieval Maven on Nov 15, 2008 - 5 answers

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

I cheated on my taxes twice. I got caught once. Will I get caught again? [more inside]
posted by anonymous on Sep 5, 2008 - 12 answers

Being a 21st Century kind of guy I find myself now doing long-term work for a few companies overseas (India and the U.K.). I would like to be able to open a bank account in each country and just get the money I need via ATM. I'm thinking that since the dollar sucks it would probably be better financially for me long term. Is this a smart move? How hard is it for citizen of the US open a bank account in a foreign country? Do I have to report that income? And if so will I end up getting taxed twice?
posted by chartreuse on Sep 4, 2008 - 17 answers

Found an old W-2 from the chaotic grad school years (2000) that I never filed taxes on. Is it still possible? Looks like I'm owed money. [more inside]
posted by Any Moose In a Storm on Jul 16, 2008 - 5 answers

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

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 by daisyace on Apr 10, 2008 - 8 answers

I’m a writer who is spending more and more time in Los Angeles for work. I live in Florida, and am a Florida resident. My question is this: If I rent a place in LA, because I am spending roughly half of my time there, what deductions can I take advantage of? [more inside]
posted by vVCHAZVv on Mar 27, 2008 - 1 answer

Can anyone recommend a good, affordable accountant in the New York City area? I am establishing a freelance business and will need to estimate taxes, think about eventual incorporation, etc.
posted by pinto on Sep 6, 2007 - 5 answers

So I will be making x dollars gross in Ontario, that translates to... [more inside]
posted by the dief on May 18, 2007 - 4 answers

Health Savings Accounts (HSA's) ... Can they be used as just another tax-free retirement account after you max out your Roth IRA? [more inside]
posted by MrBCID on May 16, 2007 - 6 answers

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

Tax question: Is it better to diversify (and pay a lot of taxes) all at once, or to spread it out over a few years? [more inside]
posted by svenx on Mar 23, 2007 - 15 answers

My wife and I have a relatively high combined income for the first time ever (much to our surprise), but we are pretty financially unsophisticated and getting hit hard by taxes. I am beginning to think the big tax bill for 2006 is a lost cause, but can anyone in MeFi-land offer any advice about how to take better control for 2007? [more inside]
posted by anonymous on Mar 21, 2007 - 27 answers

Are there any US citizens here who have lived abroad but did freelance or contract work for clients in the States who can share their experiences? I am a US citizen living in Australia as a Permanent Resident since 2001. I have just gotten some freelance work from the States and need to figure out who I need to talk to on which shores to figure out the details. [more inside]
posted by LongDrive on Mar 13, 2007 - 10 answers

I have a full-time job at a company that offers a 401k program which I'm currently participating in. I also have some freelance jobs that I'm doing. Is it possible to take all the money I get from my freelance work and put it into my 401k and avoid being taxed on it until I eventually take it out at retirement. [more inside]
posted by blim8183 on Nov 26, 2006 - 8 answers

How do I approach the IRS? They got me - dead to rights - I screwed up a few years back, when rolling over my 401K into a IRA (then into a downpayment for my house). I *thought* my credit union paid taxes on that money when I rolled it over. I made a mistake. Now, that I'm "caught up", and ready to pony up the delinquent taxes, what the best way to ask the IRS to waive the penalties? Say "Pretty, please?" Everyone says one *can* negotiate with the IRS. So how, would one go about doing so? What might one do to make a positive outcome more likely?
posted by derekb on Nov 19, 2006 - 9 answers

Permanently leaving the U.S. to go back to Europe - do I have to close my bank account and credit cards? [more inside]
posted by meijusa on Oct 15, 2006 - 13 answers

Do contest winners lose money because of taxes? [more inside]
posted by gearspring on Apr 30, 2006 - 22 answers

Can my mother, a corporate travel agent, deduct the cost of her digital camera (as a unreimbursed work expense) since she is no longer deducting film & processing costs? [more inside]
posted by luriete on Mar 7, 2005 - 2 answers

I decided to try my hand at making a grant application, sent the 8 pages or so letter and forgot all about it. Then yesterday, I got a call indicating that I may actually have a chance of getting some if not all of the amount I requested ($40+ grand for video/photo equipment/NLE gear, stipend). Although I'm seriously excited, I have a few questions to ask you, fellow MeFites:

1. Will I owe taxes for this money?
2. What questions might their lawyer/trustee ask me if they ever call?
3. Do I get to keep the equipment after? (I know its stupid but this is my first time)
4. Can people actually earn a living doing this "grant" gig?
5. Is there some etiquette involved when receiving the moolah? (i.e. hugging the donor, kissing her feet, thank you letters)
6. Am I absolutely, legally bound to follow through with this project?
6. Any advice is welcome.

Thanks for your time and patience.
posted by anonymous on Nov 8, 2004 - 10 answers