In business - Is it true that if you pay sales tax on your materials you do not have to charge to your customers? [more inside]
I'm looking for professional help with settling an old tax debt. I would like to know what kind of professional I should be looking for and recommendations for an individual or firm in Toronto would be most helpful. [more inside]
Legal set-up for a commune in Canada? [more inside]
Unexpected inheritance of $100,000 - $150,000 complicated by move from the US to the UK in the next year. My wife and I have never dealt with financial matters beyond credit cards and a moderate paycheck before, who do we talk to in Los Angeles/Southern California to make sure we don't screw this up? [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]
Career moves and taxes question: Need recommendations for resources that I can read to help me understand how my tax situation changes a) due to career-related educational expenses and b) when I start consulting. Also need a CPA in Chicago who will help me sort through these issues. [more inside]
How can I verify that Reagan's income tax on the rich was 50%, whereas nowadays the income tax on the rich is only 35%? [more inside]
Is there a known term / theory for describing (and maybe even calculating) how much of gross income ends up as tax? [more inside]
Help me prevent my step-brother from committing tax evasion/fraud. [more inside]
Doing taxes in the cloud--it sounds so dreamy that way. [more inside]
How do I file taxes? [more inside]
Can I take a business loss if I sell my business and the buyer doesn't pay? [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]
How do you know if a delivery company like UPS or Purolator will charge you for delivering something? [more inside]
Can I avoid paying hefty fees and interest on my late tax bill? [more inside]
Do I need to start using an accountant? [more inside]
I just sold my laptop on eBay... my first eBay sale. The buyer was in Poland. I've never shipped anything internationally. Looks like I can ship the package for about $40. It also looks like this sale might require someone to pay a Value Added Tax or import tax of some kind. What do I need to know about how this works? Do I pay or does he? Anything I should consider in the course of this sale?
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]
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]
Help! Looking for UK resources for my partner with ADHD who can't cope with admin, legal and money matters and who's frustrated at every turn by companies insisting they will only deal with him and that other people can't do things on his behalf. [more inside]
I need a copy of my 2009 federal tax return. Fast. What's the easiest, cheapest & most secure way to do this online? I have completely forgotton what service I used to file with back in March (it was a rough year & my mind was very scattered...).
As a U.S. resident and citizen, what happens if I neglect to claim income from a Canadian company? [more inside]
I want to get a business license so I can buy products from businesses-only wholesale stores like Jetro. I would not have any income from the business. Would starting this business as a sole proprietor (no fictitious name) expose me to additional tax liabilities for the income from my regular job? Company business category would be Computer Consulting. This is in New York state, Brooklyn specifically.
Unexpected tax assessment came in the mail. What should our accountant be doing for us? [more inside]
How do I handle a flexible spending account audit when I don't have receipts? [more inside]
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]
In Texas, if I do freelance web design or web development for a client directly, do I need to charge them sales tax? [more inside]
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. [more inside]
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? [more inside]
I am opening an electronics repair shop in PA, I will be repairing cell phones, video games, and computers. Do I collect sales tax? [more inside]
How do I go about proving an uncollectible debt? [more inside]
Selling a house - Buyer offers to raise price if I pay closing costs. Anything I should be concerned about?
Selling a house - Buyer offers to raise price if I pay closing costs. Anything I should be concerned about? [more inside]
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? [more inside]
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?
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.)
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? [more inside]
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? [more inside]
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. [more inside]
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? [more inside]
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.
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?
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]
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? [more inside]
Is there a way I can force a former employee to give me their information so that I can process my taxes? [more inside]
My CPA didn't do my taxes. What's the best way to proceed? [more inside]
What effect will the change in US tax rates on dividends have on share prices and dividend payouts? [more inside]
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]
I need a tax id so I can open a bank account for my band in Michigan. [more inside]