How do you verify a state seller's permit/resale certificate and/or tax ID for US businesses? [more inside]
(Posted for a friend:) Appraising and selling jewelry in NYC . . . [more inside]
Can my wife claim my tuition as a tax credit in the UK? [more inside]
I live in NH but still have a CT driver's license... due to a combination of supposed lack of need and laziness. [more inside]
TaxFilter2007: I earned income at my job in StateA. However, all my bank addresses (permanent and mailing) are for StateB, where someone collects my mail for me. I used StateB for banks to not have to deal with remembering zip codes and changing addresses. Furthermore, I've worked in 2006 in StateC but didn't receive the last paycheck until 2007. Will I have to file state taxes in all these states? This is my first time doing my own taxes. [more inside]
I haven't filed (US and NJ) taxes in... hm. Possibly ever. I'd like to fix that, but have no idea what I made and when, and how to start. [more inside]
I was given (gifts) federal savings bonds throughout my early childhood. When I was starting college, I cashed the bonds. Then, we had a devastating home fire disaster. I lost ALL of the paperwork for these bonds. The IRS came back regarding my taxes and wants to tax me on ALL of the redemtion. How can I construct the proper cost basis with NO information? Continue on for more details ... [more inside]
What is the best option for paying off a mortgage when I take a loss on a condo sale - and are there any tax deductions I can take? [more inside]
We got our W-2's today and my address is wrong. The street number and name and state is right, but the city and zipcode are wrong. When this was pointed out to the office manager, he suggested scratching out the bad address and writing in the correct one. Will this be a problem? Would having the wrong address be a problem? The office manager seemed reluctant to fix it.
What options are available to two individuals who co-own a house and one wishes to buy the other one out? [more inside]
Why does the recent legislation passed to patch the Alternative Minimum Tax (AMT) affect the applicability of Education Credits (IRS Form 8863) and delay my ability to file? [more inside]
I haven't yet filed my taxes for 2006. What is the cheapest/easiest way to do it? [more inside]
TAX-Filter: Please help me understand the difference between: (a) Deducting child care expenses from my taxes, (b) claiming the Child and Dependent Care Credit on my tax return, and (c) Using a section 125 Flexible Spending Account to pay for child care expenses. [more inside]
I paid my kid sister's tuition last year. How do I approach that for tax purposes? [more inside]
dodgeFilter: My wife is a US citizen, I'm a british citizen, and we both live in Switzerland. I pay my taxes here in Switzerland (and nothing to the UK), but what will she have to pay to the IRS? [more inside]
Self-Employment-Tax-Filter: I didn't expect to have much in the way of income from my consulting business in 2007... setting my deductions to '0' should've taken care of what I expected. However, I ended up making almost a quarter of my income by consulting. I understand you're not an accountant and you're not my accountant, but how can I end up not having to owe a ton of penalties for not having filed self-employment tax?
Recommendations on a good online summary/overview of educational tax credits and deductions in the US? [more inside]
Can Canadians give tax-deductible donations to American non-profit organizations? [more inside]
Tsk, tsk. I still need to file my taxes from 2006. Is there any website you can recommend that will help me do this?
I've never really understood the economics of donating something valuable like a car for a tax write off. I am wondering what I will save in taxes by donating this item versus selling it. I'm having trouble calculating the exact value of the tax deduction to me... [more inside]
I write off my home office every year as a legitimate business expense. This year I did not focus on freelance projects and did a lot of volunteer/pro bono work. What do I need to know about writing it off this year? I'll seek out a CPA, but I'd like to be knowledgeable first. Anybody ever get themselves into a similar situation? [more inside]
I am looking for a person/firm in southeastern Michigan who will do a great job preparing my personal income taxes (including small business expenses) AND file an LLC for me. [more inside]
Question related to taxes on paid relocation expenses. [more inside]
Going to inherit money. Don't know how much. Have to file life insurance claim. Friends say I should wait 'till after the 1st of the year to file the claim, so it'll show up n next years taxes. I say it doesn't matter, since I'm planning on getting with an financial advisor and pay/take out the tax amount before spending any. Who's right? This is in America.
Has anyone ever tried to negotiate with their employer after discovering they were misclassified as a contractor (vs. an employee)? [more inside]
TaxFilter: What is the most reliable withholding/refund calculator out there? [more inside]
Is it legal to buy gift certificates with business money in order to have the money out of the business in 2007, and redeem the gift certificates for hardware in 2008? More inside. [more inside]
I am thinking of moving to France for a few months (less than 3 months). I want to continue to do remote freelance work for my for American clients. Will I get in trouble with France for doing this? Who should I talk to about this?
UK Non Doms - what are your plans to deal with new taxes? [more inside]
I am an American moving to Edinburgh, Scotland. I'd like your advice on neighborhoods, telecomm, banking, and taxes. [more inside]
If cities (or the pressure on city services) grow faster than the wealth held by individuals grows, how does the bottom not fall out given that municipal growth is largely funded by taxes? [more inside]
Will filing for bankruptcy absolve you of tax debt? [more inside]
Suppose that person A buys a stock that then increases in value, and then person A dies leaving everything he or she owns person B. Then under U.S. law the cost basis of the stock for person B is reset to the price at the time of the person A's death. Suppose now that I am the executor of person A's will. Does this tax benefit apply if I sell the stock and distribute the proceeds to person B, or must I transfer the stock to person B?
I'm a woman, divorced, being audited by the IRS, in some credit card debt and have problems with my rental history. Should I sell my home? [more inside]
I've already paid my 2005 taxes (and on time), but I technically haven't filed. Help me figure out what to do. [more inside]
I'm planning to do some on-the-side freelance photography in the next year. I'd like some advice on how to play the tax game most effectively. [more inside]
How do I find a financial adviser to help me best plan for a move from the US to Canada? [more inside]
I need software to manage my personal & business budget. [more inside]
Can anyone recommend a good, affordable accountant in the New York City area? I am establishing a freelance business and will need to estimate taxes, think about eventual incorporation, etc.
At what point is it not worth making student-loan debt into mortgage debt? [more inside]
How should payment be handled when freelancing with another person? [more inside]
I am having a hard time understanding the law on who can claim who as a Dependant in my situation and need some help. (more inside) [more inside]
If you found a diamond on the street, would you have to pay taxes on it?
Taxing question regarding "Cost Segregation": Does it actually work? (More inside) [more inside]
Financial Newbiefilter: Should I sell this mutual fund I bought when I didn't know what I was doing? [more inside]
I'm going to marry a guy who has a lot of debt and possible trouble with the IRS. What should I know? [more inside]
I work full-time and my wife and I both have sole proprietorships. I'd like to engage a financial advisor to look over our tax planning. Our situation doesn't change much year to year, so I'm envisioning just a one-time thing to see if we're missing any opportunities. Our estate plan and investments are already in good order. Do I want an accountant? A tax preparer? Financial planner? Any tips for finding a good one? Thanks.
I need a financial advisor in the Glendale/Burbank CA area ASAP. [more inside]
A tax question. Our family has experienced a drop in income and an emergency (not medical). I have a 40 thousand dollar 401K retirement fund and want to get 16K out of it. Our family makes 91K gross with two dependents. What will be the tax hit on the 15 k from the retirement fund (so we won't be surprised at tax time). [more inside]
How much money could be saved if California executed all the prisoners on death row tomorrow? What about the country? [more inside]