[Tax Filter] Can you deduct anything related to doing volunteer work? For example, can you deduct gas money while driving for volunteer work or can you deduct the cost of an international aid trip that you go on? Does anything like that count?
posted by phaedrus441
on Feb 26, 2006 -
6 answers
I own a condo with a mortgage and tax deductions and equity. SO moving in. How do we split expenses fairly? Many other questions about financial logistics.
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posted by commander_cool
on Feb 13, 2006 -
20 answers
Do any countries have a tax system where the average taxpayer doesn't file a return but does pay taxes?
posted by smackfu
on Feb 7, 2006 -
11 answers
I did a lot of freelance work last year but didn't keep good records. What's the best way to find out what I owe for 2005 & avoid the problem this year?
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posted by octavia
on Feb 6, 2006 -
10 answers
Taxfilter: This year I used a simple quit claim deed to share ownership of my home with my SO. Now that I'm filling our our income tax returns, I need to know if this impacts either reutrn. [ for reference, I'm in Florida ]
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posted by gyrom
on Jan 30, 2006 -
1 answer
I'm a Canadian who has very recently bought a pre-owned computer for a business I'm starting. Can I claim it in the upcoming income tax? Should I have registered the business first, and then make the necessary purchases? What is the deadline for claiming small business expenses on income tax anyway?
posted by rinkjustice
on Jan 17, 2006 -
5 answers
Canadian Investment Loan Income Tax question. I get so sick of people telling me "You can write off the interest...." and then when I ask them what that means exactly... Silence.
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posted by TheFeatheredMullet
on Dec 28, 2005 -
6 answers
Am I subject to penalties and fines if I'm not in compliance with New York State tax law, even though I do not work or live in New York State?
posted by brent
on Dec 27, 2005 -
12 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?
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posted by anonymous
on Nov 24, 2005 -
14 answers
I haven't filed a Canadian tax return since 1996, but I am sure I don't owe any money to the government. How much trouble am I in?
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posted by randomstriker
on Nov 23, 2005 -
13 answers
Did the
President's Advisory Panel on Tax Reform radically change their plans at the last minute? I read through the first few chapters of their
report (released
November 1), and then
googled to try to find some independent analysis. Several of the top links are
angry articles from around October 14, talking about how the panel is going to recommend nothing more than a couple of minor tweaks to programs to pay for repealing the AMT, and won't "seek a wholesale reform of our tax code."
But the report that came out on November 1 seems to recommend drastic changes, essentially throwing out most of the existing tax code and rewriting it from scratch. (Not that that's a bad thing.) What happened between October 14 and November 1?
posted by designbot
on Nov 4, 2005 -
6 answers
Does a company like
37Signals /
Basecamp have to charge its users for sales tax? Looking at
Basecamp, they charge different monthly rates for associated tiers of service. I would imagine they have customers from all over the States, as well as different countries. Are they required to apply sales tax to these monthly rates based on the customers geographic location. Or, because they are an e-commerce entity, and aren't really selling anything tangible, do they simply charge the flat rate and ignore sales tax?
More pointedly, I am wondering how complex tax collection / reporting is for a U.S. based e-commerce business of this sort.
posted by jasondigitized
on Oct 21, 2005 -
6 answers
Suppose an American citizen living in America wanted to invest 10k - 50k of US dollars in Euros. What would be the easiest way of going about making this investment?
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posted by pwb503
on Oct 1, 2005 -
9 answers
Selling a house and keeping the cash - my wife and I are in the midst of selling our house. When all is said and done (fees, taxes, etc all paid) we're going to get $250k. The expected thing to do is move to another house and use that money as a down payment. But we're playing around with the idea of taking the money and travelling for six months - can we? More Inside...
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posted by cubedweller
on Sep 11, 2005 -
20 answers
Are there any Federal tax credits or financial incentives (aside from the savings of minimizing fillup frequency) for buying a fuel efficient vehicle?
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posted by philmas
on Aug 26, 2005 -
9 answers
I'm trying to assemble a document that outlines the various tax credits available for filming in Canada. Is there a comprehensive site (or doc) already in existence that breaks down credits nationally and by province?
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posted by johndavi
on May 19, 2005 -
5 answers
A number of restaurants in my neighborhood have under-rung my purchases (each) more than once.
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posted by Kwantsar
on Apr 25, 2005 -
11 answers
TaxFilter: Last year I opened an IRA (for 2003), and this year I want to do the same and put away the maximum contribution. Can I just transfer the money into the old account? Or do I need to open a new one?
posted by sd
on Apr 12, 2005 -
2 answers
I recently(ish) became self employed as an IT contractor. From spending 8 hours a day in an office, I now work wherever and whenever I like. Is this legal?
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posted by gaby
on Apr 10, 2005 -
17 answers
Does anyone know of a reputable tax preparer in the metro Washington, DC area?
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posted by cahlers
on Mar 31, 2005 -
5 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?
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posted by blindcarboncopy
on Mar 5, 2005 -
14 answers
A few year ago I had to pay AMT on some ISO stock. Since I've sold it for far less than the amount of AMT tax that I paid in, I've got a large AMT tax credit hanging out there. Are there any strategies that anyone can suggest to get some of this money back?
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posted by wflanagan
on Feb 27, 2005 -
6 answers
Is there an online service that can help me set up a new company (either as a GP or LLC) and get Federal and State Tax ID's quickly? [more inside]
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posted by Tommy Gnosis
on Feb 11, 2005 -
15 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 by fenriq
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 by Fat Guy
on Feb 5, 2005 -
5 answers
that time of year..i need an accountant. anyone recommend someone in nyc, preferrably brooklyn? (more inside)
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posted by alkupe
on Feb 4, 2005 -
6 answers
How can one determine how much tax they're going to pay on their annual bonus? I don't much understand tax schedules or anything, pointers to "for dummies" style-explanation sites would be helpful.
posted by TuxHeDoh
on Jan 21, 2005 -
11 answers
I have exercised stock options and taken possession of a small number of shares. I have not sold anything, but am wondering how screwed I am, tax-wise. First, do I have to declare the value of the stock as "income" for the year that I acquired it? Second, if I should sell it, do I add the money I receive from that sale to my regular taxable income? Do I deduct the amount I paid in? Is the net difference subject to other taxes? Is this handle-able by an average person or do I need an accountant?
posted by scarabic
on Jan 13, 2005 -
6 answers
Who should do my tax filing? The accountant who's done my taxes for the last 13 years? Or, should I give Turbo Tax a go? Last year the accountant charged me $450. Turbo Premier costs $69.95. [+]
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posted by pinkkitty
on Dec 30, 2004 -
22 answers
What is your
personal records retention policy (taxes, paystubs, account statements, receipts, other important documents)?
What an exciting topic! More inside. [more inside]
posted by internal
on Dec 30, 2004 -
17 answers
I am thinking of forming my own company. Not just for tax purposes but to prevent myself from being sued for work that I have done for a client. I primarly do web programming but like all branch out and do some other work. I am just now starting to look into an LLC or Inc. Where does one start with this and does anyone have any experience setting one up? Also what are the benefits of an LLC vs an Inc?
posted by thebwit
on Sep 13, 2004 -
13 answers
If one has a business that is registered as an LLC (with no partners-- just the one person) and if: the business location (office) is in one state, the owner lives in another state and most of the business (or clients) are in a third state in which state is state income tax due-- where the office is, the owner's residence or where the clients are?
posted by limitedpie
on Aug 24, 2004 -
3 answers
Ecommerce filter: Here at work we are attempting to understand/define the default business rules for taxation calculations within an ecommerce app. Specifically we are all tied up in knots over the application of rates, reporting issues, etc. Is there an industry standard for handling this aspect of a transaction? Who defines the standards, and how can I find out more about it?
posted by lilboo
on Aug 12, 2004 -
2 answers
I am thinking of starting a very small business, but I have a few questions for those of you who have done so before I really make up my mind wheter to go forward or not. [More Inside]
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posted by shotsy
on Jul 29, 2004 -
10 answers
Before I go to the lawyer and/or accountant; If I have a server that's colocated at a facility outside the US (Canada, Europe, etc.), but I'm providing US based customers a service with that server (web hosting, some kind of ASP, etc.), do I need to take any extra measures regarding customs, taxes and the like?
posted by alan
on May 3, 2004 -
0 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 by dirtylittlemonkey
on Apr 6, 2004 -
3 answers
Can anyone point me to a nonpartisan economic study of tax cuts, the theory behind their effects on the economy, and the history of the economic effects of pre-21st century tax cuts?
posted by blakewest
on Mar 26, 2004 -
1 answer
Is there a tax accountant in the hizzouse, the 2nd ...
I did some work for some guys to make ends meet last year. Also, I had some income from unemployment. I need to file quarterlies next week for this stuff ... which forms do I need to file? [more inside]
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posted by SpecialK
on Jan 9, 2004 -
2 answers
