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How do I get "certified" as having a disability?

I'm better now, but I feel that I was disabled before and want to re-file my taxes. Do I need to prove this, and how does that work? What does it take to prove disability, especially retroactively? [more inside]
posted by anonymous on Jun 24, 2014 - 6 answers

Buying a used car in California, then moving to Minnesota

I'm planning to buy a used car in the Bay Area soon, then a month later use it to drive across the country to my new home. Do I need to consider anything special as far as taxes, licensing, insurance, etc? I haven't had a car for nearly a decade, so just buying one is daunting, let alone worrying about any additional financial or legal concerns. Is there anything I should know about?
posted by chriswarren on Apr 26, 2014 - 12 answers

Best way to plan for tax season?

I’m about to become a contractor. I live in Canada. When I get paid, there will be nothing automatically deducted in the way of income tax, CPP, etc. How should I handle this? [more inside]
posted by rabbitfufu on Apr 26, 2014 - 7 answers

When to report mutual funds sold in late December

I'm Canadian. I redeemed some mutual funds in very late Dec 2013. The redemption appears on my Jan 2014 statement. I have capital gains from the redemption. Should I report these capital gains now on my 2013 tax return, or next year on my 2014 tax return? [more inside]
posted by tracert on Apr 6, 2014 - 5 answers

Didn't do US taxes for 2 years. What now?

Every year, I've done my taxes myself, and on time. But, I didn't do my taxes last year. Or the previous year. The reasons are personal and ones that I would imagine the gov't may not care about - a breakup with my partner of 9 years one year + the crush of a big move and job transition the next. I knew there would be complicated tax things to sort through since I was living in corporate-funded temp housing (and also, each year I get $ back, but I think I would have actually owed this time around due to the temp housing deal). I let it build up into a huge scary tower of overwhelmingness. The months ticked by, and it was easier to push to the back of my mind. Essentially - I. just. didn't. do. them. I would imagine that I could be fucked. But I'd like to take a deep breath, take this one on the chin, pay whatever horrible fines I may owe, and get it sorted this year. Pre-April 15th. How fucked am I? Things I should know? Will I need to tell my job about this? I've never used an accountant before - tips for finding one? I'm in Portland, OR.
posted by red_rabbit on Mar 23, 2014 - 19 answers

Tax me

How do relocation expenses paid directly to a 3rd party work on your taxes (US)? We received the relocation expense breakdown from employer today and there is about $15,000 listed as w-2 reportable income, that was strictly the cost paid directly to the movers. Will we be paying taxes on that? Will our total income be our regular taxable income plus this $15000? Should we start having more taxes taken out of the paycheck to avoid any yucky surprises next year at tax time? Everything I find online talks about deductible expenses, but I don't see how that even applies to this situation because we weren't reimbursed for anything, the employer handled everything with the movers directly. We meet all the requirements for qualified moving expenses (time, distance and start of work), but again, don't know where that fits in. This will apply to the 2014 taxes, so we have plenty of time to get a better grasp of how it works. You are not my CPA or TA (we may get one, but I would still like to understand and prepare accordingly if we will be getting pounded at tax time).
posted by MayNicholas on Mar 18, 2014 - 16 answers

Here's your work and, oh yeah, your bill ...

On Monday, I start my first non self- or under-employed job in five years. It is with a very large (4000+ employees) company that's a big player in their field, and I am very happy and grateful to have the job. But, as I'm sitting here filling out the employee paperwork I'm faced with a "New PC Employee Acceptance Form". It seems I will be issued a company laptop, but I will also be charged $70/month that "covers XXX Company's standard for PC hardware, software and maintenance". This was never discussed in my salary negotiations. Questions: Is this normal? and, Is this an expense I will be able to write off at tax time?
posted by Benny Andajetz on Mar 11, 2014 - 37 answers

YANMTA. You are not my tax accountant.

Am I saving enough for taxes from my second job? I live in the US and have no state income taxes. My main job is W2. I make around $56k and usually end up close to even on my Fed return. I now have a second job that's 1099. I get paid $150 a week and set aside $50. Is this probably enough for Fed (income/SS) taxes?
posted by 1066 on Mar 7, 2014 - 5 answers

I don't live there! I've never lived there!

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 - 8 answers

Freelance / self-employed tax deduction for reimbursed travel expenses?

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 - 3 answers

Spousal Support & Taxes

My mother receives spousal support from a divorce, but it was as a separate contract between her and her ex-husband, not included in the divorce order. She's been having sobbing fits, unsure if she owes the government taxes this year. [more inside]
posted by iarerach on Jan 22, 2014 - 14 answers

Boyfriend has garnished wages, can they garnish my tax refund?

I want to list my boyfriend as a dependent on my 2013 taxes -- but he has his wages garnished. I'm also wondering about him filing taxes. Even as a dependent, I believe he's able to -- and he needs to for FAFSA purposes. More details and questions behind cut. [more inside]
posted by camylanded on Jan 10, 2014 - 21 answers

Estimated taxes

I just started working for myself in September. before I was on a W2. There is a deadline on January 15th for paying estimated taxes for self employed individuals. Are those taxes for the earnings I made in the last quarter of 2013 or for what I expect to make in the first quarter of 2014. What's an easy way to figure out how much I owe (or would owe). I'd like to note I didn't make that much working for myself yet so it's possible I don't even owe anything for Q4 of 2013. but I have no idea.
posted by spacefire on Jan 10, 2014 - 7 answers

What should I know about doing my incorporated business taxes in Canada?

I started what is effectively a software consulting business this year. It's incorporated and I'm the only employee/owner/president/whatever. I'm filing the company's taxes for the first time now and my filing should be pretty simple. [more inside]
posted by Nelsormensch on Jan 2, 2014 - 5 answers

Double taxes? Really?

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 - 23 answers

Need Raleigh/Durham/Chapel Hill Accountant to explain IRS issue...STAT!

Can anyone recommend a good 'affordable' accountant that could reach out to the IRS and get the straight scoop on an IRS mishap (on my part mostly) from 2007-2008? Would like to get this straightened out as soon as possible. [more inside]
posted by littleredwagon on Dec 4, 2013 - 2 answers

Dear IRS, I swear I am who I say I am!

My legal name and gender change court order will be finalized in late January and I will immediately go and change my SSA, DMV, and birth cert information. My W2 will probably arrive before I can get my new documents to my HR department. Will this cause problems filing my taxes? What should I expect and prepare for? I'm in California and use Turbotax.
posted by blnkfrnk on Nov 19, 2013 - 7 answers

Teaching My Money To Sit Up And Beg Comes Next

I had two orphan 401(k) plans from old jobs that I rolled over into my (traditional) IRA this year. When I do my 2013 taxes, do I count those as part of my IRA contribution for the year? [more inside]
posted by EmpressCallipygos on Oct 14, 2013 - 8 answers

Roth IRA early withdrawal: am I doing this right?

I have made 20k in Roth IRA direct contributions over the past few years. That investment is now worth 25k with interest earned. I wish to withdraw 5-10k from this account. Will that withdrawal be tax and penalty free? [more inside]
posted by kosmonaut on Jul 17, 2013 - 9 answers

What kind of financial advisor do we need?

As we discuss our future together, and with other big changes afoot/underway, my boyfriend and I would like to see financial advice about some specific questions/scenarios but I'm not sure what kind of advisor we should be seeking out. [more inside]
posted by marylynn on Jun 8, 2013 - 3 answers

Where's the rest of this new york times editorial?

This quote has been going around various friend's facebook pages, supposedly from a NYT editorial opposing the 16th Amendment. I can't find the rest of the article, and would like to see the context for the quote. Any leads online or offline where I could check it out? [more inside]
posted by Potomac Avenue on May 28, 2013 - 6 answers

Do I send my real W2 to a tax accountant?

I'm mailing out a copy of my tax return and W2's to my employer's tax accountant, so he can take a look at them and do an adjustment. Do I send him the real W2's, or a copy? [more inside]
posted by Xere on Apr 30, 2013 - 10 answers

Should this be a rental for tax purposes?

I live in a co-op in New York City. My spouse and I 'own' the unit, but we have a friend who lives with us. The unit is owner-occupancy only, so when we bought, we got special permission from the board for this one person to live with us. Owners are not allowed to rent out their units (but our situation is understood). Our roommate helps us pay the bills by giving us some money each month. There are no leases, subletting, proprietary lease for the coop, or any formal documentation at all. Is the money that he gives us each month "rental income"? I would prefer not to separate out rental income, expenses, etc. in addition to our legitimate home offices. However, I care more about doing this properly and not harming a) the roommate, b) the co-op, or c) my bottom line. [more inside]
posted by peripatetron errant on Apr 14, 2013 - 7 answers

Self-employed and taxed up the wazoo?!

My husband made less than $10k this year but TurboTax is telling us he owes over $1k in taxes. Is that right?! [more inside]
posted by Mooseli on Apr 11, 2013 - 24 answers

401 K catch-up?

I know that I can still contribute to my IRA account for 2012; can I still make catch-up contributions to my 401K for last year?
posted by coldhotel on Mar 24, 2013 - 3 answers

Selling rental property. Have some questions

I am selling a rental house and I have some questions about taxes etc. I know YANMCPA, but if you could point me to a place I can read some clear information, I would appreciate it. [more inside]
posted by mikedelic on Feb 5, 2013 - 4 answers

Lifetime Learning Credit or Similar?

YANMA. I am working full-time and taking part-time classes at the same University where I work. They provide a full tuition waiver and just require me to pay taxes on the amount over $5250, as required by the IRS. These taxes are taken out of my paycheck over 4 months. Can I claim this amount somehow when I file my taxes?
posted by sunshine37 on Jan 26, 2013 - 9 answers

Tax implications of being "bought out" of a percentage of a realty trust

My two sisters and I were equal beneficiaries in a realty trust. This past year, my older sister bought my 1/3 share (as well as that of my sister.) According to the legal documents, it was a "transfer of beneficial interest". Other than signing and notarizing the documents to transfer the real estate share, nothing else official occurred and my sister just paid us our fair share of the assessed market value. She is not planning on reporting the transaction. I have no idea if I owe taxes on the money I've received (and will also be receiving this year - it was divided into a few payments) and if so, what kind of tax that might be. [more inside]
posted by nekton on Jan 24, 2013 - 10 answers

Differences in tax liability for joint home owning options?

My partner and I are about to buy a house together, and we're trying to decide how to do this. We're gay, and hence technically unmarried, and we're trying to figure out the tax implications of the different options. [more inside]
posted by Tooty McTootsalot on Dec 5, 2012 - 10 answers

Do I really need an accountant, or can I handle filing my LLC taxes on my own?

How important is it for me to get an accountant now that I'm earning most of my income as a freelancer? Can I handle taxes on my own? [more inside]
posted by croutonsupafreak on Oct 2, 2012 - 22 answers

Tax my HSA!

I'm straightening out my taxes for 2010 and 2011, and I had a couple of questions about HSAs that I hoped you guys would be able to help me answer. (I know you're not my lawyer). [more inside]
posted by Stephanie Duy on Aug 28, 2012 - 8 answers

Do candidates outside the US release tax returns?

Do presidential/prime minister candidates in countries other than the United States release tax returns? [more inside]
posted by dsfan on Aug 18, 2012 - 15 answers

Can I visit the US and not jeopardize my tax status?

Help me with a "24 hour rule" in regards to expat taxes and being in transit. [more inside]
posted by drstein on Jun 3, 2012 - 7 answers

Take this rate and STFU?

Started a new freelance gig and got my first paycheck. It's lower than I expected. Should I ask about this or would it make me look greedy? [more inside]
posted by Anima Mundi on Jun 1, 2012 - 17 answers

correcting a wrong SSN on tax forms

After dropping my US tax forms in the mail this afternoon, I discovered that I had mis-typed one of my dependent's SSN on the form. Is there a way to correct this now, or do I need to just wait for them to reject the return and then give them the correct SSN & supporting documentation? As far as I know, everything else was correct.
posted by belladonna on Apr 16, 2012 - 9 answers

Help me have more of my income withheld for taxes!

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 - 19 answers

A taxing situation

Looking for some tax help ! We refinanced a mortgage last April, going from a traditional bank to a savings & loan. During the process, we also closed the bank line of credit and opened a new one at the S&L. The bank held an escrow, but the S&L does not. My 1099 from the S&L has a modest earned interest amount for the period of April - December, but the bank's 1099 is more than 10x that amount. Is this due to the escrow, or is this a mistake ?
posted by lobstah on Apr 11, 2012 - 5 answers

Help an Aussie fill out her first US tax return.

I have never completed a US tax return before I would love some suggestions on things to watch out for, hints and tips or most important of all links to websites with good beginners information for filing your own returns. More info follows. [more inside]
posted by wwax on Mar 13, 2012 - 12 answers

Owning Property for Dummies?

My aging parents want to put their 160 acres (where we all live) in my name. I know nothing about owning property. I am in Oklahoma. What can I expect to have to pay? Are there any other ways this will affect me? YANMEstateL.
posted by ThisKindNepenthe on Jan 30, 2012 - 10 answers

Tax spreadsheet with formulas?

Are US tax forms available as formula-based, linked Excel spreadsheets or Google Doc templates or something similar? [more inside]
posted by RandlePatrickMcMurphy on Jan 29, 2012 - 7 answers

To be filed with FEDERAL return

I'm filing my US federal and state tax returns by mail this year. I realized after stamping and sealing one of the envelopes that I mixed up the W-2s, so that the Federal copy (Copy B) is on the state return and vice-versa. Are the names just a formality, or do the Feds really, really need Copy B?
posted by hwyengr on Jan 18, 2012 - 16 answers

XXX-XX-XXXX?????

[US Tax Filter] My daughter does not yet have a social security number. It seems unlikely she is going to get one in time for tax season. How do we file if we don't have her social security number? [more inside]
posted by zizzle on Jan 12, 2012 - 13 answers

VA, unemployment, and state taxes!

Simple (I hope!) tax question: my only income in Virginia for 2011 was unemployment benefits (~$9k). I now live in CA. Will I need to file a Virginia income tax return? I believe that in VA unemployment benefits are not taxed at the state level... so I shouldn't need to file, no? Thanks!
posted by alaijmw on Jan 4, 2012 - 3 answers

Prize taxes and offsets

I sometimes hear about someone winning a prize where somehow the taxes due are somehow offset by the giver of the prize. How is that offset calculated? Do they just add money to the prize until the post tax amount would be the same as the intended prize (so say 10% tax on $5,000 prize they end up giving $5,555.56. This involves the additional being taxed iteratively since it is all income to you. Or do they somehow just pay the government the money you would owe on the intended prize amount and the offset doesn't count as income. So for 10% on $5,000 they'd just pay $500. Or a mystery third option?
posted by obfusciatrist on Dec 20, 2011 - 12 answers

USA Tax question: American Expat beginning investor

How do taxes work on investments in mutual funds? I am a novice at investing. American citizen working overseas and building a portfolio finally. I've established my emergency savings and am heading into taxable investments. Unfortunately, I am unable to contribute to my Roth IRA or contribute to a traditional IRA while claiming FEIE (Foreign Earned Income Exemption) with the IRS. I'm looking into investing in Vanguard's VWINX fund. How would US taxes work on these investments?
posted by thatgirl1985 on Dec 9, 2011 - 4 answers

Cash. And Taxes.

A friend owes me $8k to $12k. What tax laws do I need to know? [more inside]
posted by glaucon on Nov 16, 2011 - 7 answers

Looking for a real estate tax/legal professional in the Twin Cities

I need recommendations for an accountant, tax lawyer, or real estate lawyer in the Twin Cities. [more inside]
posted by peanut_mcgillicuty on Nov 14, 2011 - 3 answers

Asking the right questions about being put on the deed of a house.

My mom is discussing purchasing a house and putting my name and my sister's name on the deed as well as hers. What questions should we be asking before she does this? [more inside]
posted by PussKillian on Oct 14, 2011 - 12 answers

Who gets the charitable deduction credit?

When an author, political figure or other speaker donates their speaking or appearance fee to charity, do they garner any tax benefits? Does this donation show up as a charitable tax deduction on their tax form? Does it show up as a charitable donation on the sponsoring organization's tax form? [more inside]
posted by 2bucksplus on Sep 20, 2011 - 7 answers

"So where does your money come from?"

How do income taxes work when my income is not by W2s or invoices? (home day-care; house cleaning) [more inside]
posted by midnightmoonlight on Sep 19, 2011 - 9 answers

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