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]
A friend in Mexico does some consulting for a US company. He has an account in a US bank, where he receives payment for that work.
The bank just sent him a W-8BEN form and we are not sure how to fill it. [more inside]
I recently moved from the U.S. to Melbourne, Australia, and I have some questions regarding taxes and accountants. [more inside]
My partner has not worked at all in 2012. He did not work much in 2011. (He had some income in January.) We are not married or civilly unioned or anything “official.” However, for the last two years, he has qualified as my dependent and I have filed accordingly. Last year, this felt tricky because we were concerned about where the income cut-off was, and he filed as usual, but reporting himself as my dependent. This year did not feel tricky at all because he had no income at all (no employment, unemployment, no disability, nothing), so as soon as I got my W-2, I filed and got my refund and put it out of my mind.
Until this morning as we headed out the door to work/doctor's appointment, when he asked “wait, when you did your taxes while I was in the hospital, did you file mine?” Oops. [more inside]
Do the confirmation e-mails for e-filing federal tax returns with Free File Fillable Forms contain sensitive information? [more inside]
I'm currently a contractor for a U.S. based website which has just changed owners. The new owners now require all contractors to send updated IRS forms 8233 and W-8BEN. I'm a Filipino citizen residing in Manila. I do not have an ITIN - this was never required of us before. The new requirements presuppose that I have an existing ITIN. [more inside]
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!
Estimating tax payments for 2012. According to the 1040-ES instructions
, the exemption for the alternative minimum tax (for married people) is only $45k, down from $75k in 2011. I don't itemize and will have an adjusted gross income above $45k. Do I need to budget for the AMT? [more inside]
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]
Question about proper saving of e-mail and web receipts in case of an IRS audit. [more inside]
I'm in a situation with some unfilled taxes and potentially more back taxes then I can pay at the moment. I've seen ads for tax consulting services that help you talk to the IRS. I've also seen some negative reviews for some of them, but was wondering if someone has some positive experience with any of these and can make a recommendation? My throw away email is : email@example.com
Will I have to undergo a credit check in order to form an LLC and open a business checking account for that company? [more inside]
My aunt seems to be laundering her income through a 501(c)(3) charity which she is the secretary and treasurer of. Is this legal? [more inside]
I am looking for the perfect boxes to store receipts. I really like these
, but I am not in the market to order 1000 pieces and I cannot find an office supply company that sells something similar. [more inside]
Please tell me exactly what I need to do to catch up on filing the tax returns that I didn’t complete for the last 4 years as a US citizen living abroad. [more inside]
Please refer me to a NYC-area tax accountant who specializes in arts/freelance clients with horrid IRS debt and deep financial shame.
I'm curious about the theoretical tax situations of characters from The Wire. [more inside]
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]
State Tax Question: I live in Florida (no state tax) full-time, year round; the company I work for is based in North Carolina (state tax); I work in Florida in a home office set up by the company (co-workers home) year-round. NC State Tax is being deducted from my paycheck; is this correct? [more inside]
How do I file taxes? [more inside]
How should I be reporting Google Checkout and PayPal Express Checkout income and expenses to the IRS in 2011 for the 2010 tax year? [more inside]
I still haven't received my tax refund from way back in April. I've been in touch with the IRS, and my track record and paper trail are all on the up and up. I'm assured that it's all a misunderstanding, and once the bureaucratic machinations run their course, I will get my money. Will I? Has this ever happened to you? [more inside]
How do I go about proving an uncollectible debt? [more inside]
Is there a way to automate wash sale accounting/schedule D preparation for a very active investor? [more inside]
Through a combination of bad advice and sloppiness / ineptitude, we've gotten ourselves into a fix with the IRS. No saber rattling yet but I know it's coming, so I'm hoping for some words of experience. [more inside]
taxfilter: Can I deduct the annual fees for my managed broker account (non-IRA)? I think this is OK, but Google is just making my eyes cross...
I'm purchasing a new car, and I'm getting conflicting information about what to do with an insurance settlement check I received. [more inside]
Is it worth it trying to sue my accountant for not filing my taxes on time? [more inside]
Should I use the newest revised version of form 1040X to amend my 2008 taxes, or is the previous version okay? [more inside]
SweepstakesFilter: My wife (a Canadian like myself) recently won a large number of travel rewards points from an American chain of hotels. Help us determine if the prize is worth keeping considering what we'll have to pay in taxes to the IRS. [more inside]
Greetings all! My brother, two sisters, and I formed an LLC to administer the ownership of my mom's house when she died. Each of us is has a 25% partnership interest. The LLC was formed in 2005. Well, it turns out my brother has tax debts to the IRS dating back to 2002, and now the IRS wants to put mom's house on the auction block. [more inside]
Baby-sitting employer wants to pay under-the-table, but also claim the Child Care Credit using my SSN as a care provider... isn't this asking for trouble? [more inside]
I can't pay my taxes right now, but according to the IRS's information form on payment plans, if I can pay within 120 days I don't need a installment plan -- which would charge interest. The form requests that I call the IRS to notify them and get more information. However, I haven't been able to get through on their phone line for the last week, and now it's the 15th. What should I do? [more inside]
Are IRS tax liens part of the public record? If so, is there a public database where I can access current/historical liens against individuals? [more inside]
Taxfilter: Why does the (US) federal government bother with payroll deductions? [more inside]
Will the stimulus law affect my tax filling? [more inside]
I filed my taxes online about two or three weeks ago, and completely forgot about a mutual fund I own. Or rather, I remembered it, but because I didn't take anything out of it or put anything into it, I didn't think anything of it. Of course, I forgot about the dividends. So, today I get my Form 1099-DIV from Goldman Sachs, and find that I received $71.04 in total ordinary dividends. What should I do? My taxes were filed electronically and I've already received my state refund. Should I just sit on it and if I'm questioned by the IRS, pay the $10 or whatever in extra taxes? Will I get fined a huge amount if I don't alert them now? If I do alert them, how would I go about doing that? Asking anonymously because I feel like an idiot.
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.
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?
Any word if the IRS will rate the 2008 mileage rate because of the rapid increase in gas prices? [more inside]
Can my great aunt make a $12,000 gift to me, my wife, and each of our two kids (for $48,000 total) without incurring the gift tax? [more inside]
How to find a company's Federal Tax ID # (in a hurry!) [more inside]
So a friend's just received a bonus from her employer, but the bonuses seem excessive. (The taxes from that bonus exceed the total of taxes that were paid for the entire year.) Is there anything that can be done? [more inside]
Foreign Money Tax Filter: This is likely a silly question, but please humor me. Money sat in an interest-friendly account overseas for 20 years, was finally all withdrawn this year.... [more inside]
Paying US back-taxes: should I go for an installment plan or pay it all now, and pay off the credit card companies instead? [more inside]
What proof do I need to claim the Colorado Alternative Fuel Vehicle Credit on my taxes? [more inside]
I haven't filed (US and NJ) taxes in... hm. Possibly ever. I'd like to fix that, but have no idea what I made and when, and how to start. [more inside]
Tax question/advice re: UK IT worker moving to US [more inside]
U.S. tax question: Does married filing separately result in the same tax obligation as if a couple living together were filing as single? Does having a child create differering results?
I am a sole proprieter in CA and hiring my wife as an employee. I am having a lot of trouble figuring out the process. I know that the CA EDD is the state agency, and the IRS is the federal agency that we use to make this happen- but neither place states very clearly what to do to tell them that I am hiring her. [more inside]