24 posts tagged with tax and IRS (View popular tags)

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

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]
posted on May 4, 2008 - 12 answers

How to find a company's Federal Tax ID # (in a hurry!) [more inside]
posted on Apr 15, 2008 - 6 answers

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]
posted on Apr 14, 2008 - 14 answers

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 Money sat in an interest-friendly account overseas for 20 years, was finally all withdrawn this year....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]
posted on Apr 13, 2008 - 5 answers

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]
posted on Feb 26, 2008 - 8 answers

What proof do I need to claim the Colorado Alternative Fuel Vehicle Credit on my taxes? [more inside]
posted on Feb 17, 2008 - 1 answers

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]
posted on Jan 17, 2008 - 16 answers

Tax question/advice re: UK IT worker moving to US [more inside]
posted on Nov 18, 2007 - 4 answers

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?
posted on Oct 8, 2007 - 5 answers

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]
posted on Apr 9, 2007 - 4 answers

You are an employee of a non-profit organization. You drive a lot. Your non-profit organization re-imburses you 13c per mile--no it's not a lot, but we all must suffer for the cause. But something you hear bothers you. [more inside]
posted on Dec 1, 2006 - 12 answers

Is there a law requiring you to pay Income Tax? I saw this video over at youtube, from The FreedomtoFacisim.com website. They say that Income tax is illegal and there are no laws. They even mention that the 16th admendment isn't valid via the supreme court. Ok, are these guys wackos? IRS has guns, so they make the rules, thats all I know.
posted on Nov 5, 2006 - 30 answers

tax-audit-filter: how can i find a reliable and inexpensive tax representative in the washington d.c. area, for help with a surprise audit? of course there's [more inside]
posted on Sep 4, 2006 - 1 answers

Help me with my scary tax problem. [more inside]
posted on Sep 4, 2006 - 12 answers

I don't think my boss is paying his payroll taxes... should I be concerned? [more inside]
posted on Jun 17, 2006 - 25 answers

I haven't filed last year's taxes yet because I'd been told Uncle Sam didn't mind you filing late, if he owed you (I'm due a tax return, rather than owing taxes). Now, I want to file an extension on this year's taxes, without having sent in last year's. Will doing this trigger the IRS to send thugs to my house? [more inside]
posted on Apr 13, 2006 - 5 answers

How can I best avoid an IRS audit? My occupation may complicate things: I’m a professional in the adult entertainment industry with a job that is legal (but often perceived as illegal) and an entirely cash-based business. [more inside]
posted on Mar 11, 2006 - 20 answers

In 2001, my .com finally imploded in the week after September 11th, when our few remaining clients went out of business. For another couple of years the corporation continued to exist, with me as sole employee, though it was only an after-hours interest -- I've long since moved on from doing anything with this corporation. It's existed only on paper for the past two years while I've paid the IRS, out of my own pocket, some payroll taxes (941 withholdings) that my accounting errors led me to underpay. They (and I) have just noticed that I forgot to file for the Q3 2001. It seems that I paid $6,000 to employees in that final quarter, so I figure my business owes the IRS another couple of thousand dollars in taxes. Now what? I don't have a couple of thousand dollars to throw at this, and the corporation's bank account is all but empty. Can I bargain with the IRS? Will they give me any bonus points for coming forward and telling them about this? Is my moral obligation to personally pay this debt sufficient that I should just buck up and set up a payment plan? What happens if, worst case, I just shut down the corporation? [more inside]
posted on Nov 24, 2005 - 14 answers

My parents asked me to become a cosigner on their house purchase (they don't have enough credit to get the house themselves). I am fully willing to accept the financial responsibility, but am wondering if there are any hidden caveats (especially with regard to IRS) that I should be aware of? [more inside]
posted on Mar 5, 2005 - 14 answers

Estate Tax Filter
I've been trying to figure out how much someone can inherit before having to pay a whole mess of taxes on the money. I've been trying to use the IRS Estate and Gift Tax page but am just as confused as before. Can anyone help me out?
posted on Feb 7, 2005 - 7 answers

TaxFilter: A co-worker and I both recently relocated and received a relocation allowance. Anything above the cost of the move (excess reimbursement) we were allowed to keep. I know that the excess is taxable income. My co-worker feels that the relocation allowance is like our Meals and Incidental Expenses per diem, we didn't spend all of the allowance, so we get to keep the balance treating it as non-taxable income.

How can I simply explain the difference between a per diem and an excess reimbusrment to him? I've showed him relevant IRS documentation such as Publications 17 and 521 to no avail.
posted on Feb 5, 2005 - 5 answers

I've recently started a company, structured as a 'C' Corp, to sell my consulting/contracting services. One of the reasons I'm working as a 'C' corporation is so I can have the company pay all medical expenses. I've read from the web and various IRS publications that as long as the Medical Reimbursement Plan is offered to all employees equally (no problem there) then it can be paid for by the company and written off on the corp taxes. But in order to make the MRP legit what, other then limiting medical expenses to those listed as acceptable by the IRS, do I need to do? Special records? Outside plan administrator?
posted on Apr 6, 2004 - 3 answers