Should I have received additional paperwork after exercising ISOs in a cashless transaction from my former employer? [more inside]
posted by okay okapi
on Apr 10, 2013 -
Is the non-profit I work for legally required to generate 1099 forms for all of the individuals who receive stipends from this org. and have filled out W9 forms (technically "independent contractors")? [more inside]
posted by anonymous
on Apr 1, 2013 -
If I am submitting business expenses for my own business in my 2012 taxes, must I limit them to the 2012 calendar year? Or can they go up to April 15 of 2013?
posted by azoth
on Mar 27, 2013 -
What is the process and what taxes must I pay when transferring a car title from my father to me? Interstate snowflakes inside. [more inside]
posted by domnit
on Mar 25, 2013 -
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 -
Asking for a writer friend:
I need an accountant who is up to speed on writers'/artists' tax affairs, and in particular one who understands the intricacies of residence and/or obligation to file in more than one country. [more inside]
posted by languagehat
on Mar 19, 2013 -
I am not sure whether to consult a CPA or a tax attorney for this.
I currently live in Chicago. My brother lives in Louisiana. I am, separately, the trustee of a trust for him and his designated power of attorney. While in Louisiana, I sold his primary residence acting as his POA. I deposited the proceeds from the sale into the trust. No 1099 was issued for the home sale. Howwww do I report this to the IRS? [more inside]
posted by liketitanic
on Mar 11, 2013 -
I am taking a new position where I am paid a non-taxable income/stipent. Essentially my position is funded through a grant. I am not a student, this is a full-time and temporary. I am afraid when I go to file my taxes next year something might come up where I do have to pay taxes. I guess I don't fully trust the government in not wanting to place their sticky hands on my money!
Is there anything I should be aware of? Should I file my taxes a certain way?
posted by melizabeth
on Mar 7, 2013 -
I'm filing my own taxes for the first time as a recent college graduate (using TurboTax -- so easy!) and I have a question with regards to my Roth IRA account.
In 2012, I graduated college and started a business. We didn't open for business until late November and I only paid myself $1,250 for all my work in 2012. I also opened a Roth IRA account and contributed $5,000 for the year. However, according to TurboTax, contributions to an IRA account cannot exceed earned income.
My question: can I simply report a $1,250 contribution to the IRA on my taxes and leave the $5,000 in the IRA? Will this get me in trouble? Should I merely take out the $3,750 and invest it in a different account? If noticed, could I just plead ignorance as my first time filing?
posted by masters2010
on Mar 3, 2013 -
I know the self-employed in the US face a strange tax situation. Now think of the salary + benefits of a full-time employee position. How much more money would you have to be paid, as a self-employed independent contractor, to get the after-tax equivalent of that salary, assuming you then had to purchase the benefits yourself?
posted by shivohum
on Mar 1, 2013 -
Somewhat unexpectedly, I find myself working as a full time freelancer. Help me anticipate the tax situation. [more inside]
posted by Sara C.
on Feb 27, 2013 -
I did not file US taxes in 2011 because I thought I didn't owe. I just got a letter saying I did need to file, so I rushed around to do this and now I have filed. Unfortunately, I just found a document that I should have included - a K1 form. My deadline for filing is February 27; it will be virtually impossible to refile by then. I can easily get this refiled in a couple of weeks though.
What should I do?
posted by Surprised By Bees
on Feb 22, 2013 -
I'm looking at tax softwares and not finding one that suits our particular need, which is, specificially: run all these scenarios and figure out what's best. [more inside]
posted by TomMelee
on Feb 11, 2013 -
I'm looking for a recommendation for someone in the St. Louis area (or Metro East) who prepares taxes. [more inside]
posted by aetg
on Feb 9, 2013 -
Please help me understand whether I can write off my health insurance premiums. [more inside]
posted by mhz
on Feb 9, 2013 -
Not sure what happened, but I have a Simple Roth IRA through Fidelity that I overpaid accidentally. I'm in my 40s, so as I understand it, can put in up to $5,000 per year. Last year, I overpaid my maximum by something like $300. I didn't worry too much about it. Starting to do my taxes this year, I looked at my Fidelity statement and it looks like this year I overpaid by $1300. What are my options? How does this affect my taxes, if at all? [more inside]
posted by HeyAllie
on Feb 6, 2013 -
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 -
Should I hire a CPA for my taxes this year? 1. I relocated for my job this year and received multiple relocation benefits. 2. I sold off stocks that were gifted to me and I do not have any cost bases for them because they were purchased so long ago. [more inside]
posted by 6spd
on Feb 2, 2013 -
posted by PercussivePaul
on Jan 31, 2013 -
I would like to travel the world while writing my own software (for profit). Ideally, I'd like to stay in each place for a couple of months, not just a few days or weeks. Where can I learn about the legal specifics of doing this? [more inside]
posted by anonymous
on Jan 30, 2013 -
If I quit my job in April and start working on my own projects, can I buy a new laptop in July and write it off as a work expense on my taxes, even though I might not actually make any money from my projects until next year? [more inside]
posted by anonymous
on Jan 29, 2013 -
If I'm ordering something online and they're based in Canada, will I have to pay customs when they ship to the US? [more inside]
posted by CrazyLemonade
on Jan 28, 2013 -
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 -
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 -
What's the best place to live on a low budget given a life-consuming job in Manhattan near Madison Square Park? And how low can I go both before and after unintelligible-but-critically-important-tax-stuff? [more inside]
posted by ch3cooh
on Jan 6, 2013 -
My husband and I are moving to NYC for work, but we own a condo in MA. Should we try to maintain MA as our legal, permanent domicile or should we just give in and call that our second home? What are the implications of working & renting in one state and owning a home in another? [more inside]
posted by isthenewblack
on Jan 6, 2013 -
I am suddenly making a grown-up salary, with a retirement plan and everything. I need to talk to a financial professional about optimizing my taxes and retirement and building a perfect(-ish) machine that I don't need to think about too much. I don't actually know what this person is called. Am I looking for an accountant? A financial advisor? A financial planner? Or something else? Please help me overcome my laughable naïveté. Thanks! [more inside]
posted by the brave tetra-pak
on Jan 4, 2013 -
My friend, a dual Canadian/American citizen living in the UK, is discussing the terms of a trust with her (US) father. By the time she inherits, she may have given up US citizenship. Does this need to be mentioned so they can account for it now? [more inside]
posted by Madamina
on Jan 3, 2013 -
Mr. Arnicae and I are married, but haven't filed our (U.S.) taxes jointly before. We're trying to figure out how to decide if it would be financially advantageous to file jointly, and what the negatives or positives would be. [more inside]
posted by arnicae
on Dec 15, 2012 -
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 -
Please explain the debate over whether or not to raise taxes on the wealthiest Americans. I am apolitical. I have no horse in this race. My knee-jerk response is that making the rich pay more in taxes sounds like a good idea, but I am neither (a) rich, nor (b) an economist. What are the economic arguments for not taxing the wealthy at a rate higher than the current one? My best guess is that it might affect jobs, but I honestly have no idea.
posted by jackypaper
on Dec 3, 2012 -
I'm transferring my consulting business from out of state to west LA and I need to find an attorney to help with:
- Forming the company
- Helping me put together contracts for my clients
- Coming up with a tax strategy
Does anyone have a recommendation?
posted by mistermc
on Oct 30, 2012 -
Question about 2011 US federal tax deductions and married filing status: Trying to fix a problem with my tax return; please help! [more inside]
posted by qxntpqbbbqxl
on Oct 26, 2012 -
I'm new to China and I have been told by my employer that I can only deduct laundry and restaurant bills from my income tax. that sucks since I was planning to purchase a lot of photography/computer gear that's relevant to my job. is there really no way for me to get a tax deduction on these items?
posted by krautland
on Oct 23, 2012 -
Although I'm a highly educated woman in my late thirties, when it comes to money I'm basically a fourth grader. Tell me how you managed to be a financial grown up. [more inside]
posted by anonymous
on Oct 17, 2012 -
Why do most central banks target a small non-zero inflation rate rather than zero?
- Bank of England target is 2% CPI
- European Central Bank HICP target is "less than 2%"
- US Federal Reserve target is 2%
Why don't they all target zero if the ultimate aim of policy is actually "Price Stability" as most officially state. [more inside]
posted by mary8nne
on Oct 4, 2012 -
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 -
My dad tells stories of New York tax collectors hanging out in the parking lots of popular New Jersey malls and Ikeas and the like, writing down NY plates and sending estimated sales tax bills or "reminders" for the voluntary portion of their bill. Is this real or apocryphal?
posted by disillusioned
on Sep 25, 2012 -
I tried to find similar threads on google but there doesn't seem to be any. Is there a way to make my SSN information private? [more inside]
posted by kopi
on Sep 16, 2012 -
Just started as an independent contractor - and I just got married. Self-Employed Taxes are due in ten days! Please help me figure out what I need to know! [more inside]
posted by rebent
on Sep 7, 2012 -
I have several years of un-filed taxes. I'm in NYC. I've been, mostly, a freelancer. Things are getting scary. I need an understanding, skilled, non-judgmental accountant. [more inside]
posted by anonymous
on Aug 30, 2012 -
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 -