As an S-corp, am I legally obligated to present receipts or copies of receipts in the event of an audit?
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posted by JJkiss
on May 17, 2013 -
12 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?
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posted by ch3cooh
on Jan 6, 2013 -
21 answers
Although I'm a highly educated woman in my late thirties, when it comes to money I'm basically a fourth grader. Tell me how you managed to be a financial grown up.
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posted by anonymous
on Oct 17, 2012 -
22 answers
Should we file taxes separately or jointly? Pay off a chunk of student loans now or pray for forgiveness? Help me identify the interaction of these questions. I'm not good with money! Details inside.
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posted by powerbumpkin
on Jan 4, 2012 -
15 answers
I got a large bonus this year
which will probably never be repeated. After taxes, it was 26K. I don't have any immediate needs (no medical issues, etc), and I know next to nothing about investing. Given this economy, what should I do with it? Stocks? Bonds? Saving account? IRA?
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posted by anonymous
on Jan 3, 2012 -
19 answers
How do taxes work on investments in mutual funds?
I am a novice at investing. American citizen working overseas and building a portfolio finally. I've established my emergency savings and am heading into taxable investments. Unfortunately, I am unable to contribute to my Roth IRA or contribute to a traditional IRA while claiming FEIE (Foreign Earned Income Exemption) with the IRS. I'm looking into investing in Vanguard's VWINX fund. How would US taxes work on these investments?
posted by thatgirl1985
on Dec 9, 2011 -
4 answers
If you pay estimated taxes and then end up not owing those taxes, do you get them back?
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posted by doomtop
on Dec 9, 2011 -
7 answers
StateTaxFilter: Last year I owed the state $3. This year I seem to owe the state over $400. Could this be an error, and, if not, why do I owe so much?
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posted by fignewton
on Jan 11, 2011 -
7 answers
YNMA, obviously...
wife and I overestimated our dependent care expenses this year...by a lot. I have to come up with valid expenses, for the remainder of 2010, that we can occur to cover 3K remaining in our account. Any ideas? We did the camp thing this summer, but ended up not signing up for a few of them from our original budget. Our son is in kindergarten at a private school, so we're past the time we can pay for tuition out of this account. PLEASE HELP!!!! Thanks mefite nation!!!
posted by littleredwagon
on Aug 30, 2010 -
14 answers
TaxFilter: I'm a Canadian who began a Ph.D at an American university. Tuition was waved and I received a living stipend of about $17,000 (paid monthly). This is pretty typical for graduate programs across Canada and the US.
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posted by kitcat
on Aug 18, 2010 -
12 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.
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posted by jwfree
on Jun 2, 2010 -
2 answers
I just found my US tax refund check that was mailed to me in 2009, and never deposited. Last year, I filed my taxes on time, was mailed a refund, lost the check and never followed up. If I take this to my bank, will they let me deposit it? If not, what's the next step? (Anonymous because I'm ashamed of being so disorganized and so bad with money. I'm working on it.)
posted by anonymous
on May 29, 2010 -
11 answers
Suppose I were soon to receive a check for approximately $20,000. Also suppose that this represents a portion of my share of an inheritance from a relative and that additional monies will be forthcoming and, though I don't know exactly how much, that'll probably be on the order of $50,000 or so. What are the tax implications of this for me? What could I do to minimize the taxes I pay on this money? (I'm in the U.S.) YANAAccountant or MAccountant.
posted by Wisco72
on Feb 8, 2010 -
11 answers
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?
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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
What sort of state of organization are the financial records of most sole proprietorships in?
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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.
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posted by Andorinha
on Dec 29, 2008 -
2 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).
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posted by p3t3
on Oct 17, 2008 -
4 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.
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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.
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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?
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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?
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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
Health Savings Accounts (HSA's) ... Can they be used as just another tax-free retirement account after you max out your Roth IRA?
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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.
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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?
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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?
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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.
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posted by anonymous
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.
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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?
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posted by meijusa
on Oct 15, 2006 -
13 answers
