How do income taxes work when my income is not by W2s or invoices? (home day-care; house cleaning) [more inside]
How to avoid import taxes on a parcel from the US to the UK. [more inside]
I am trying to learn more/understand better my new tax situation as an independent consultant, and was hoping someone could help me with the following questions: 1. How do I compute my Net Earnings From Self-Employment (NESE)? What calculation is used? 2. Since I am excluded from Federal and State tax (my tax domicile is TX) for my foreign-earned income amount (I estimate it would be $87,500 for 2011) - can you break down how I can get the estimated tax payment amount for 2011? [more inside]
Is there a way to maintain your state citizenship while traveling within the country, and perhaps outside the country, for up to two years? [more inside]
As a US citizen, living and working abroad for many years, I recently heard of a new law that I must file tax returns on the US by Aug 31, 2011 or face a penalty. Anyone know about this? If US citizens live and pay taxes abroad, they generally are exempt up to $91,500.
Any accountants / tax lawyers in NYC area that do Dutch taxes? [more inside]
How do I accurately determine which state to claim as my 'tax' state. For example, I work/live overseas for 2 months at a time, then I get 1 month off and usually travel or go to the US, but I do not rent an apartment, own a home (have a lease or mortgage) - I usually crash on friends' couches, and I keep my belongings and car in NC (in a Public Storage unit), but my mail, driver's license and voting is registered in TX. Which state can I legally claim? I know I need to claim a domicile in a state, and was hoping it could be TX.
[Tax Filter] Tax on a lump-sum disability payment that covers a period of time before this year. [more inside]
My Taxes Filter: If I spend $2000 in self-employment income on equipment for said business (this is all the money I made on said business this year) will I be able to deduct roughly that amount and not pay taxes on the $2000? [more inside]
I didn't pay taxes (federal or state) on my unemployment benefits from January to June of this year. I also won't have any income besides that starting in July. How can I figure out if/how much I'll owe? [more inside]
I'd been wanting to form a corporaton for a long time. So many benefits it seems:
track business expenses for income-tax deductions
protect assets against law-suits
gain credibility for certain transactions
But all the gory details are getting me down... [more inside]
I butchered my state income taxes in 2008. New Jersey caught on with an audit, and now I owe NJ a lot of money. I suspect that if I did the taxes correctly, almost all of that money (except for 3 years of interest :( ) would actually come from New York State. Having screwed it up once with Turbotax, I don't trust myself to get it right by hand. [more inside]
Should I roll over my 401(k) and then convert it immediately to a Roth IRA? [more inside]
Corporate Job vs. Nanny, need appropriate questions to ask. (See within for more details) [more inside]
How much are taxes on buying a macbook in Toronto? [more inside]
Capital Gains on Precious Metals exchanged for Goods and Services? I own Platinum, Gold, and Silver physical coins, bars, etc. and know my cost basis for all purchases and have not sold any. Let's say rather than sell them back to a coin dealer or other similar entity, I exchange gold or silver or platinum for a service or good or something other than currency, what are the tax implications? [more inside]
TLDR: Are there any in-depth, English-language guides to the French tax system? [more inside]
Explain my small business tax responsibilities to me like I'm a 5-year-old, please? [more inside]
What is the total tax burden for various income levels in the US? [more inside]
I left off a job on my taxes when I claimed this year, and now I'm filing a FAFSA. What do I put on my FAFSA? Only the job I claimed, or both? If it matters, the job I left off I only worked at for a few weeks, but I feel like that doesn't matter to the government.
Why did I seem to pay much less taxes as an independent contractor vs. a regular employee, making roughly the same hourly wage? [more inside]
Do I have to pay customs duties to have a computer I left behind in Ireland shipped to California? [more inside]
Quirky Canadian tax question - what's the long term impact of reducing CPP payable? [more inside]
You Are Not My Employer's Accountant: My W-2 this year has an entry in Box 18, which is preventing me from e-filing because Boxes 19 and 20 are (correctly) blank. There's a mistake here somewhere... but where? [more inside]
Does the 2010 version of TurboTax Premier really remove an important useful function useful in previous versions?
In past versions of TurboTax Premier, there was an option to use an external file (not a data feed directly from a third party) to import all stock transactions. Where is that in TurboTax Premier 2010 ? [more inside]
Please help me figure out how to resolve, as cheaply as possible, this failure-to-file notice I've received from the Massachusetts Dept. of Revenue. [more inside]
Must I pay estimated taxes this year if last year I didn't withhold enough taxes and triggered a $29 penalty when I filed my 2010 return? [more inside]
I've recently started using Kindle Direct Publish. During the signup process, they ask for all of my identifying information so that they can properly cut me a royalty check. What are, if any, my tax obligations? [more inside]
Newly self-employed in 2011, I have a few (U.S., Federal) tax questions for experienced independent contractors or otherwise self-employed persons out there. [more inside]
US Tax Reform Filter: Our current system is too complex, and has way too many loopholes. What are some great alternatives to the current US tax system? [more inside]
I have a 1099-MISC for a job I did in Florida, early 2010. I then moved to Virginia for a new job mid-2010, for which I have a W2. I am using tax software (TurboTax or HR Block) and when my federal tax return info transfers to my state, my Florida income is taken into account on my Virginia tax return. What do I do? [more inside]
Will I get caught if I don’t report the purchase of my PRIVATE COMPANY ISO’s? (AMT is a bitch!) [more inside]
Is there a website showing tax payments by public companies? [more inside]
I need simple bookkeeping software for the Mac, and in a hurry. [more inside]
I'm meeting with a tax accountant for the first time on Wednesday. I'm a freelancer who gets my income from a number of sources (a combination of freelancing and part time salary work), so my taxes are pretty complicated. Two friends who do similar work recommended this guy, and said he got them big refunds last year, despite having almost no taxes withheld all year. I'm a newbie to taxes -- when meeting this guy, how can I tell whether he's on the up-and-up or whether he's going to get me audited?
How can I report a wee bit of foreign income on my US taxes? [more inside]
Asking for a friend: Accountant in NYC? [more inside]
How should I best plan for my future when I'm at my potential peak earnings, and the job outlooks don't look great a decade out? [more inside]
Is there any problem in filing my federal tax returns twice? [more inside]
I need recommendations for a tax preparation service, preferably in Brooklyn or lower Manhattan. [more inside]
I imported my car to Canada from the USA while in Vancouver on a work visa, so (as a non-settler) I paid no taxes on it. Now, I'd like to sell it — what should I do? Go back to the border office and import it for reals (how much would this cost?) or export it back to the US and sell it in a Carmax in Seattle or something? [more inside]
I want to self-publish my books on Amazon, Smashwords, Barnes & Noble etc. I am a Canadian (Ontario). What do I need to know about this, for tax purposes, before I start? [more inside]
Missed some "estimated tax" payments (US federal). What can I expect? Details inside. [more inside]
Tax Filter: Do I have to report earnings from a K-1 tax form if the profits were made in my Roth IRA account? [more inside]
How do I (and should I) report a business for possible tax fraud? [more inside]
I want to live on a large expanse of land, but avoid insane $$$ in property taxes. They say having a farm is the way to go. In that vein: How many maple and birch trees would I have to grow and tap to produce enough syrup of each for personal use? (I'm guessing a gallon if I eat pancakes regularly.) [more inside]
Sorry, but I'm not giving anybody any money until there's campaign finance reform. Also, I'm saving up money for a new humidifier.
Do you throw $3 at the Presidential Campaign Fund when prompted by your tax filer? [more inside]
Need financial/legal info about buying a house with someone else. I know YANML and YANMA but wanted starting points, advice, and any stories from people who have been through this. [more inside]
In order to establish residency for grad school, I have to file my taxes independently as a resident of my new state. This weekend, I discovered my parents have already filed, claiming me as a dependent. Please help me. [more inside]
I am having some major tax issues and can't find the right way to go about filing for 2010. I left to travel abroad in January 2010. However, I was finally paid my last part of a bonus in March 2010. I forwarded my address to my parents house in Illinois - but officially I don't really have proof that I actually lived in IL (No lease, no driver's license etc.). To make things more complicated I lived in NYC and worked in Connecticut. Therefore, I have NY State, NY City and CT state taxes taken out of my pay check. Then I moved to Wisconsin in August of the same year. What do I do/What state should I claim I was living in when I was received my final pay check? 1. Claim I was living in IL? 2. Claim I am not a resident of any state when I was last paid? 3. Claim I was living in WI? 4. Another option I am not thinking about? Any advice would be appreciated/I know you aren't a tax professional!