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.
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posted by wingless_angel
on Oct 18, 2010 -
2 answers
In Texas, if I do freelance web design or web development for a client directly, do I need to charge them sales tax?
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posted by Eastgate
on Oct 17, 2010 -
2 answers
New job is 99% awesome. The 1% of not-awesome is that I've been told (essentially) to figure out my own state tax deductions. Help.
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posted by shiu mai baby
on Oct 4, 2010 -
10 answers
I started a side business in 2009 and operated at a loss. I did a terrible job of record-keeping. Should I submit deductions, or just forget it?
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posted by sorrenn
on Oct 2, 2010 -
7 answers
I am opening an electronics repair shop in PA, I will be repairing cell phones, video games, and computers. Do I collect sales tax?
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posted by psiwave
on Sep 30, 2010 -
6 answers
Selling a house - Buyer offers to raise price if I pay closing costs. Anything I should be concerned about?
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posted by sisquoc15
on Sep 23, 2010 -
17 answers
Stupid tax question: I live in the U.S. If I'm paid on a contract basis for consultant work by an overseas corporation, do I have to pay income tax on that money? In this equation, am I just a regular-joe 1099 contractor?
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posted by Cool Papa Bell
on Sep 8, 2010 -
8 answers
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 -
15 answers
My employer is paying my tuition, and told me that I could claim the amount as a deduction, because it's a taxable benefit. I did, and now I've received a letter from Revenue Canada asking me to submit a T2202 form and to tell them who had given me money for my tuition. (I filed online, which is why I hadn't submitted the T2202 before.) Was I wrong to claim this deduction? (You aren't my tax lawyer, but you know about these things.)
posted by smilingtiger
on Aug 9, 2010 -
8 answers
You Are Not My Accountant/Lawyer/Whatever. But, do you have any answers or could you point me in the right direction of a resource that could answer the following question regarding tipped service staff in the state of Florida?
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posted by sarelicar
on Aug 5, 2010 -
1 answer
My best friend is the largest client of my business. He would like me to purchase a car for his use through my company. Is this a terrible situation for me and how should I handle it?
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posted by anonymous
on Jul 31, 2010 -
40 answers
Freelance Writer Tax Write-Off Question: I'm a first time independent contractor and want to know how and if I can write-off a laptop.
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posted by bluelight
on Jul 23, 2010 -
12 answers
I did our taxes through TurboTax. I thought they transmitted correctly. They didn't. I just realized this. So are we going to jail for tax evasion?
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posted by macadamiaranch
on Jul 22, 2010 -
14 answers
If I sell off some of my books on Amazon, is that income I need to pay taxes on? I ask because I'll generally be selling my books at a loss - they're books I bought for myself, am done reading and want out of my spare bedroom. It's not exactly the product of a business plan.
posted by codswallop
on Jul 19, 2010 -
8 answers
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 -
5 answers
Is there a way to automate wash sale accounting/schedule D preparation for a very active investor?
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posted by de void
on Jul 14, 2010 -
4 answers
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.
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posted by during_intimidated.01
on Jul 1, 2010 -
4 answers
YANMA(You are not my accountant), but do we need to charge sales tax on a web-based monthly subscription, "software as a service" application?
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posted by maelanchai
on Jun 25, 2010 -
5 answers
Is there a way I can force a former employee to give me their information so that I can process my taxes?
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posted by LizardOfDoom
on Jun 10, 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
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?
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posted by tckma
on May 5, 2010 -
9 answers
I've got to file my income tax return. The catch? I'm working a one year contract in France and therefore am going to have to do it in a language I'm not particularly good at, with other complications detailed inside. Does anyone have any experience with this? Or alternatively, does anyone know what kind of person I'd need to employ to help me with it? (Accountant? Financial advisor?)
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posted by handee
on Apr 15, 2010 -
4 answers
Girlfriend hasn't filed taxes yet. Her W-2 for Unemployment is missing, but she withheld the max amount. What do we do?
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posted by scaryblackdeath
on Apr 14, 2010 -
9 answers
I’ve been living in London for the past 6 months, and somehow the US tax deadline escaped my radar until now. Help!
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posted by Danah_78
on Apr 14, 2010 -
13 answers
My tax preparer reported I contributed more to my Roth IRA than I actually did. Does this matter?
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posted by beyond_pink
on Apr 12, 2010 -
10 answers
How to report rental income through a property management company on turbotax ? Missing a 1099-MISC form.
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posted by jason9009
on Apr 9, 2010 -
2 answers
I’m a student and it’s tax time. I work for my school (work study) and to help make ends meet I do consulting work (web programming) for a few reputable clients (meaning they don’t pay under the table). The problem with consulting work is that I get hammered come tax time. The 1040s are unforgiving.
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posted by anonymous
on Apr 9, 2010 -
15 answers
Help me cut through the talking points and become more informed about economic disparity, taxes, and social programs in the USA.
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posted by Alabaster
on Apr 5, 2010 -
11 answers
In 2009, I made less than $9000 at my part-time job. Do I need to include this income when filing my taxes?
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posted by en el aire
on Apr 3, 2010 -
17 answers
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?
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posted by herbplarfegan
on Mar 24, 2010 -
6 answers
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?
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posted by SpacemanStix
on Mar 17, 2010 -
5 answers
Asking on behalf of a friend who is silly enough to not have a MeFi account, but smart enough to know she will find answers here: "I am a freelance translator and I'm about to finish a big project for a US based company. The job is quite complex and long, so a fair amount of money is going to come my way. I have been moving around for the past 2 years, so I am not quite sure how to handle the invoicing / taxes. I'll explain my current situation and I would appreciate any advice, insight, etc.
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posted by mjewell
on Mar 16, 2010 -
5 answers
So I, along with two other people are starting a magazine based out of Canada. We're planning to raise funding for it via Kickstarter.com but are worried that we're signing up for a nightmare of tax trouble.
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posted by 256
on Mar 15, 2010 -
0 answers
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 -
6 answers
