The mailing address on my W2 is incorrect and the employer refuses to amend it. How big of a problem is this going to be when I file my taxes? [more inside]
posted by thereemix
on Feb 13, 2014 -
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]
posted by toomuchkatherine
on Feb 9, 2014 -
Am I understanding the USA's IRA laws correctly that all I really have to keep track of, in order to eventually (years from now) take money out without penalty or double taxation or such, is the amount of after-tax money I put into it over the years? [more inside]
posted by Flunkie
on Jan 4, 2014 -
If a person lives* in Washington state but works** in Oregon, to which state does she pay state income tax? Oregon, Washington, or both? [more inside]
posted by SLC Mom
on Dec 30, 2013 -
Would a standard solicitor be the best person to advise? A specialist of some sort? A tax accountant? How to avoid unnecessary fees for work on this that the family can do--for instance, they are already tracking down all the banks with investments. [more inside]
posted by Anwan
on Nov 10, 2013 -
I've been doing a fair bit of freelance work, and it's to the point now that I have to sub out certain tasks that are outside my area of expertise. I don't want to make my clients cut multiple checks if I can avoid it–want them to just deal with me to keep it simple and neat.
However, I do not want to be on the hook for income that is actually going to a sub. What to do? [more inside]
posted by Mister_A
on May 17, 2013 -
I live in (and am a citizen of) Canada, and have recently mailed important tax information to the US IRS and Treasury Department via the regular Canada post. Should I re-mail that information to ensure that it made it to the proper destinations? [more inside]
posted by mbarryf
on May 2, 2013 -
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]
posted by MCMikeNamara
on Apr 15, 2013 -
Do the confirmation e-mails for e-filing federal tax returns with Free File Fillable Forms contain sensitive information? [more inside]
posted by millions
on Mar 24, 2013 -
I've paid my back taxes for New York State as of last year, but the judgment is still on my credit reports, although marked "paid". This is my only ding. Will landlords refuse to rent to me anyway? [more inside]
posted by droplet
on Feb 28, 2013 -
A friend in the same field as me, who was underemployed last year, helped me on a project last year. Over the whole year it was a total of 32 hours (I paid him at $50/hr). Now he's asking for a W2. I think it's pretty clear that he was not an employee (W2), but rather an independent contractor (1099). Aside from inventing a time machine to go back and clarify the terms (which I didn't think would be a problem, considering our friendship), what should I do here? What's at stake?
posted by Anonymousness
on Jan 30, 2013 -
Looking for a referral for a tax preparer for personal and small creative business. I am located in Los Angeles. [more inside]
posted by i_wear_boots
on Jan 24, 2013 -
How do you handle the labyrinth of New York State sales tax? I'm launching an online business that sells goods (some clothes, some non-clothes). We're located in New York State. We need to collect tax in New York State... gorey details inside. [more inside]
posted by Muffy
on Oct 11, 2012 -
At some stores (the convenience store around the corner), the price I pay always comes out to a round(ish) number. Either ending in a 5 or a zero. So that the change I am given won't have any pennies in it. This is convenient for me and the person behind the register. At other stores, there seems to be little interest in getting those round prices. A purchase is just as likely to end in .68 as .50. Why does the consideration of coins influence the pricing of some stores and not others?
posted by Jagz-Mario
on Jul 30, 2012 -
I'm tired of getting screwed over on my taxes. I have two jobs, one of these jobs will not take taxes out with each paycheck. How do I arrange my other job to take more out to cover this? [more inside]
posted by royalsong
on Apr 16, 2012 -
Tax panic! I e-filed my 1040 federal return a few weeks ago; then, while finally tackling my state tax return last week, I discovered I'd incorrectly transferred an amount from one of my additional forms into the 1040. Do I need to file a 1040X to correct this, and how do I proceed with my state return? [more inside]
posted by estherbester
on Apr 16, 2012 -
I purchased some software recently from a company txf.express designed to help create an 8949 form for stock trades.
It seemed that it was improperly calculating a few numbers, and upon my questioning the software creator asked for my trading history to review the data and look for errors.
He then sent me a .piz file and asked that I rename it to a .zip file and open it for a properly functioning program.
My limited understanding is that " if you receive a piz file in an email and you are not familiar with the person who is sending it or are unsure of why they are sending it, do not change it to a zip file and try opening it. This could result in infecting your system with a computer virus."
Are their legitimate reasons why he should be sending a piz file and asking me to rename it?
posted by dougiedd
on Apr 11, 2012 -
OMGTaxFilter question about historical tax costs.
Historical stock price research? Why can't a company keep track of it's own stock price? Why can't I look up an old stock cost price on a recently defunct stock ticker? [more inside]
posted by tilde
on Apr 11, 2012 -
If I collected California unemployment benefits while living in New York, do I have to pay taxes to New York? [more inside]
posted by Flying Saucer
on Mar 11, 2012 -
I am single, rent, and payed AMT for 2011. If I owned my own home and had a mortgage, would I have been able to deduct the interest, or is the fact that I payed AMT a sign that no further deductions were available to me?
I have few deductions but itemize because my state tax alone is more than the standard deduction.
You are not now, and will never be, my accountant.
posted by benbenson
on Mar 7, 2012 -
Tax Question: I'm getting paid to do art in another city. Is it more sensible to use my travel stipend or my credit card points to pay for the flight? [more inside]
posted by HeroZero
on Jan 11, 2012 -
I own a lot of shares in a company that has done very well on the market recently. So well in fact that if I sold it all now, I could divide the proceeds equally between my two kids and set them both up for college — something my parents couldn't do for me. However, my oldest child won't be ready for college for another 12 years. Is there any way to convert the stock shares into something less volatile than the market, without incurring capital gains tax? My kids both have 529 funds and I'd love to be able to move the stock there but I want to avoid the IRS as much as possible. Yes, I am naive and ignorant of the finer workings of finance, so please be gentle.
posted by Ratio
on Oct 30, 2011 -
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]
posted by cilantro
on Oct 14, 2011 -
I'm curious about the theoretical tax situations of characters from The Wire. [more inside]
posted by COBRA!
on Sep 29, 2011 -
Until this year, my wife and I have been salaried employees with large organizations. This year, she has become a contract employee for the first time, and neither of us knows much about the process of paying taxes (Social Security, Medicare, and income) in that mode. [more inside]
posted by davcoo
on Sep 28, 2011 -
I'd been wanting to form a corporaton for a long time. So many benefits it seems:
track business expenses for income-tax deductions
protect assets against law-suits
gain credibility for certain transactions
But all the gory details are getting me down... [more inside]
posted by markhu
on Jul 18, 2011 -
Testing your powers of deduction (groan).... do you know a US based accountant who is proficient with foreign income, or an Australian accountant proficient in US returns? [more inside]
posted by Trivia Newton John
on May 7, 2011 -
I just realized I made a mistake on my NJ state income tax return *after* I e-filed it with TurboTax. The mistake turns my refund into a payment. Should I wait until the incorrect refund clears and then file a 1040X, or just file the 1040X immediately? [more inside]
posted by fennokin
on Apr 18, 2011 -
My 2010 was the first complicated tax year I've had- bought a house, and wondering whether the HR Block online filing is still sufficient, or if I'll need and want a professional- and if so, where to find a good one in the Capitol Hill/Seattle area this weekend. [more inside]
posted by hincandenza
on Apr 15, 2011 -
I am filing tax returns for a number of prior years. One of those years was spent renting an apartment, but having almost no income whatsoever to claim. Rent was paid through a variety of means (read: help from parents). It was one of those years. Do I claim the rent paid? [more inside]
posted by tapesonthefloor
on Mar 26, 2011 -
How do you know if a delivery company like UPS or Purolator will charge you for delivering something? [more inside]
posted by Joseppi
on Dec 22, 2010 -
Are flexible spending plans a racket? Where I work we have a benefit called a "select benefit account" which seems to be called a "flexible spending plan" other places. We can add pre-tax money to an account which can be used for medical expenses. If the money isn't used in the year, then "you lose it". The tax benefits of this plan are obvious. What isn't so obvious is where that money is going when it is lost. Who is making money off this? [more inside]
posted by bdc34
on Nov 10, 2010 -
I'm self-employed, and looking for a formula for dividing up my income. I am currently in the UK, and just about to file my first tax return since I've been here. Once I know what tax will actually cost me in this country, I would really like to have a sense of where the rest of my money should go. [more inside]
posted by wingless_angel
on Oct 18, 2010 -
Are most U.S. citizens looking at a federal tax hike next year? I can't seem to find reliable data on this.
Would such a hike apply to money earned 2010 or 2011?
posted by The ____ of Justice
on Sep 4, 2010 -
My BIL claims that insurance settlements for injury are not taxable income in the Commonwealth of Massachusetts. I can't believe the state doesn't overfish that particular revenue stream.
So, is it taxable income or not?
posted by pentagoet
on Jul 17, 2010 -
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. [more inside]
posted by jwfree
on Jun 2, 2010 -
Is the out-of-pocket cost for a new dental crown an acceptable expense for an HSA, if I already have dental insurance? If it is "denied" as an acceptable expense, what happens? [more inside]
posted by tckma
on May 5, 2010 -
My tax preparer reported I contributed more to my Roth IRA than I actually did. Does this matter? [more inside]
posted by beyond_pink
on Apr 12, 2010 -
In 2009, I made less than $9000 at my part-time job. Do I need to include this income when filing my taxes? [more inside]
posted by en el aire
on Apr 3, 2010 -
Why is federal refund reduced because of money I owe the state? Is the fed paying the state this amount and thus reducing my debt to the state? [more inside]
posted by herbplarfegan
on Mar 24, 2010 -
We are purchasing a home, which should close by the end of the month. We have also finished our taxes for the year. We will qualify for the $8000 first time home buyer tax credit. Is it possible to amend our taxes and get the credit for the 2009 tax year, even though we completed the purchase in 2010? [more inside]
posted by SpacemanStix
on Mar 17, 2010 -
My mother refinanced our house in September 2009
and to qualify for a better rate I cosigned the new loan - now the mortgage statement comes in both of our names. Since I've never owned a piece of property before do I qualify for the First Time Home Buyer Tax Credit?
posted by exhilaration
on Mar 12, 2010 -