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]
I made a silly mistake on my taxes (US) and am wondering if it will prevent me from getting my refund. [more inside]
SelfEmployedFilter: Can I use an EIN on an independent contractor agreement, instead of my SSN, even as a sole proprietor? [more inside]
We need a tax accountant in the city of Chicago. Recommendations? Referrals? [more inside]
How do I figure out a mutual fund cost basis for tax purposes? [more inside]
I am starting a new job in the state of Virginia next month. How can I calculate how much I will be bringing home after taxes, social security, medicare, health benefits, retirement, etc? [more inside]
I am way short on my estimated quarterly federal taxes this year, am freaking out, and need some honest insight into how much trouble I am in. [more inside]
Help me with my complicated foreign tax situation please! [more inside]
It's tax time and we're having a problem again. Last year when we went to file our taxes electronically, they were rejected due to someone borrowing our daughter's social security number and using it to file taxes. We filed police reports, IRS reports and submitted our taxes by paper. The same problem is occurring this year. What can we do to fix this and prevent from occurring next year. Is there a specific number, agency or method to request help from? The IRS is closed over the weekend, so we'll be calling them this week, how should we go about doing it?
How do I stop paying vehicle excise tax in RI when I haven't lived there in years and I don't even own the car anymore? [more inside]
True or False: If you're supposed to receive a refund from the IRS, but you file an extension and submit it at the very last, the IRS has to pay you the interest that has accrued on your refund, just like you'd have to pay any interest to the IRS if you owed taxes. [more inside]
Can my husband and I file our Federal taxes jointly, and our State taxes separately? [more inside]
I lied about going to college whilst living with my mom. She still doesn't know. It's getting time for her to file taxes, and things could go very wrong. [more inside]
How much does it cost to file state and federal taxes? (Plus one more bonus tax question.) [more inside]
You are not my tax lawyer. My first year freelancing, plus, I got married. Tax help? [more inside]
I'm tired of doing my own taxes, and afraid of hiring another accountant. What is the best/cheapest tax software for a Canadian living in Quebec? I just can't deal with another accountant. I'm tired of being told something will cost 150$ and then get charged 500$ as if they didn't know what they needed to do. I want a tax software that is going to do the weird stuff for me. I don't depend or trust what the box says either! I have some rental income, some contract income, and some salary income. I also have a second (gf) who has simple income.
I'm inheriting $100,000. My parents are inheriting a lot more (around $1mil, but we're not sure the exact amount). Please give us advice. We're in the US (New Mexico). [more inside]
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.
Are US tax forms available as formula-based, linked Excel spreadsheets or Google Doc templates or something similar? [more inside]
Can I deduct mileage expenses when working as a part-time independent contractor? [more inside]
I am filing taxes for the first time in 5 years. What can I do to avoid mega-penalties? [more inside]
I need a good software tool to organize all my trips to conventions. [more inside]
It looks like we should file taxes on/for our in-home nanny, but we're not sure where to start learning about all we need to know. We're in California, and our nanny started in January, 2012. More details inside. [more inside]
Can someone give me a quick primer on the MBTA debt crisis? [more inside]
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?
I have been doing my taxes for myself for a long time; late few years have done Turbo Tax on line. Very simple income, not much in the way of deductions, some 401k contributions thru my employer etc. I have never had to pay Federal Income Taxes albeit the refunds have fluctuationed over the years. [more inside]
[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]
argh!! nooooooo!! my amazing tax accountant has decided to retire and is leaving me without any referrals. can anyone recommend an awesome tax accountant, bonus points for specializing in working with creatives. [more inside]
I've submitted taxes a few times in the past, but the forms were filled out by a surpassingly generous and competent friend with a lot of free time. This year for the first time I have to do everything myself. Please explain the process to me as if I were the stupidest person in the world. [more inside]
Is my egg donation compensation taxable if I don't receive a 1099 form? Details inside [more inside]
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!
Should we file taxes separately or jointly? Pay off a chunk of student loans now or pray for forgiveness? Help me identify the interaction of these questions. I'm not good with money! Details inside. [more inside]
I got a large bonus this year which will probably never be repeated. After taxes, it was 26K. I don't have any immediate needs (no medical issues, etc), and I know next to nothing about investing. Given this economy, what should I do with it? Stocks? Bonds? Saving account? IRA? [more inside]
Recently I saw an article online in which a conservative argued that the battle to cut spending was unwinnable and that therefore the conservative strategy should be to raise taxes to the level required to maintain programs, the idea being that this is the only way to convince people that spending cuts are necessary. Help me find this article please.
Document checklist for a recently-married couple? What's crucial to get organized/updated in terms of legal/financial issues? [more inside]
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?
If I have the option, is it more advantageous for me to close on a house (tax wise) in 2011 or 2012? [more inside]
Help me understand taxes as a freelance consultant in the UK. [more inside]
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?
If you pay estimated taxes and then end up not owing those taxes, do you get them back? [more inside]
Stay single or get married for tax purposes? [more inside]
A friend owes me $8k to $12k. What tax laws do I need to know? [more inside]
I need recommendations for an accountant, tax lawyer, or real estate lawyer in the Twin Cities. [more inside]
I've read How to pick an accountant for your online business and I'm ready to find a CPA, but a little lost on where to start. Online searches tell me who is good at SEO, but not who is good at tax advice. The few people I know with similar work situations are still doing their own taxes. I was comfortable doing that before, but my tax situation has grown complicated this year. So I'm looking for recommendations from people in similar situations. [more inside]
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]
You are not my tax advisor, but... We're a same-sex married couple in California, trying to make heads or tails out of the (confusing) IRS tax-filing pickle that is in effect for the 2010 tax year. We have to combine our community income, split it in two, add any individual income to the respective partner's form, and then create two separate forms for the IRS for each of us, but check the "single" category for filing status. Here's the dilemma: He gets a W2 (salaried employee). I freelance (several 1099s and a Schedule C). Do I have to duplicate the entire Schedule C across both forms, and put half of each deduction on my form and half on his? :-0 Or do I do the full deductions on my form and fill in something on the adjustment line (line 21, I think it is) on his 1040 form as a way of evening out the reporting? [more inside]
Does anyone have any advice about or know a good tax preparer experienced with international wages in LA (Pasadena-ish)? [more inside]
Help! I still haven't filed my taxes for 2010. Is there anything I can do? [more inside]
I work as a nanny. I work part time for 3 different families. They all know that nannying is my full-time career. Everyone's paying me off the books right now. They all should know better, one family is 2 lawyer parents. I want to pay taxes. Can I? I'm pretty sure I won't owe any taxes because I make so little and when paid legally I never have but the families I work for definitely owe their share on my wages. Will the families I work for all get audited if I try to file? What happens? Should I try to tell them that this is my plan? The last time I talked to a family about wanting to be paid legally the gig fell apart, it was a total disaster and I lost the job. I don't want to screw people over but I don't want to get screwed myself.
Corp-to-Corp computer consulting in CA- what's the deal? [more inside]