I am in a situation where % ownership of a house needs to be changed as a result of big life changes. We would like to do this without doing an actual sale among ourselves, but with the goal of selling the house and dividing the proceeds as we see fair, without paying big taxes. You are not my accountant, but maybe you can tell me at least what kind of an accountant I need?
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posted by blindcarboncopy
on Feb 28, 2010 -
7 answers
Looking for a recommendation for a good account in or near Hoboken, NJ to prepare personal tax returns.
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posted by Godbert
on Feb 23, 2010 -
0 answers
Is this money considered a gift or income, and how do I claim it on my Canadian income tax return?
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posted by anonymous
on Feb 19, 2010 -
5 answers
For at least 2 years I have had trouble with owing the IRS significant amounts of money at tax time. Please help me determine how to fill out my W-4s so this won't keep happening.
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posted by Rad_Boy
on Feb 15, 2010 -
16 answers
I'm concerned I will be audited by the IRS because circumstances during the past year drastically changed our profit for the year thus resulting in a large refund, as a percentage of what we prepaid through estimates.
Nothing was done inappropriately/questionably/illegally and the money is owed to us but I would like to head-off an audit. Should I include a letter that explains these circumstances or would that draw more attention to the issue? Should I file early or late? Thanks!
posted by anonymous
on Feb 14, 2010 -
9 answers
Asking for friend, not that it matters, but how do she revise an existing payment plan with the IRS so that she pays more, or perhaps pay the whole thing off (preferably at lower than what she owes)?
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posted by bunny hugger
on Feb 12, 2010 -
8 answers
Suppose I were soon to receive a check for approximately $20,000. Also suppose that this represents a portion of my share of an inheritance from a relative and that additional monies will be forthcoming and, though I don't know exactly how much, that'll probably be on the order of $50,000 or so. What are the tax implications of this for me? What could I do to minimize the taxes I pay on this money? (I'm in the U.S.) YANAAccountant or MAccountant.
posted by Wisco72
on Feb 8, 2010 -
11 answers
Is it the $10,000 distribution from my IRA and the $8,000 first-time home buyer's credit that's causing us to owe so much more in taxes this year?
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posted by anonymous
on Feb 8, 2010 -
4 answers
US TaxFilter: Help me figure out what the legal way is to file tax returns (if necessary) for my nonprofit staff members who live and work in Africa, and are doing work for next to no pay out of the goodness of their hearts...
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posted by treehorn+bunny
on Feb 8, 2010 -
18 answers
Why do I owe Maryland $400+ in taxes when I made less than $16,000 last year
and moved to New Jersey mid-way through the year? Do states tax you on income you made in other states? Generic tax advice appreciated.
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posted by schroedinger
on Feb 8, 2010 -
11 answers
U.S. TaxFilter: I get paid under the table, and as such I don't have a W-2 for my work. How do I declare this on my taxes?
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posted by grapefruitmoon
on Feb 8, 2010 -
26 answers
Looking for a recommendation for a good CPA or accountant in the DC, NoVA, or Southern Maryland area to field a set of somewhat-complicated questions about taxes. (Read: H&R Block is not going to cut it here.) The problem? All my close friends use TurboTax, and I'm reluctant to mass e-mail my entire contact list for recommendations, since I think the type of CPA (or accountant--is there a difference?) might matter in this situation and figuring out what flavor I need means disclosing more personal financial details than I'm comfortable with.
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posted by anonymous
on Feb 3, 2010 -
2 answers
I'm trying to e-file my taxes (USA) and receive the First Time Homebuyer $8000 credit. Looking for advise on how to go about this.
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posted by ijoyner
on Feb 2, 2010 -
5 answers
Non-profit overwhelmed with prospect of setting up and administering taxes and insurance for employees who will be located in other states.
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posted by alcahofa
on Jan 30, 2010 -
8 answers
Responsible Adult Filter: In the last year I've bought a condo, gotten engaged, and received a small inheritance. While I've used TurboTax to file in the past, I think I'm in a little over my head now. Does anyone know a trustworthy, reasonably priced accountant in Chicago who is still accepting new clients?
posted by Oktober
on Jan 26, 2010 -
6 answers
Is there a way to fill out 1099's online without signing up on an accounting site? Surely there's something easier than using a typewriter!
posted by Allee Katze
on Jan 26, 2010 -
10 answers
A character in my story needs to hide gambling winnings from the IRS - what are some simple, non-James-Bondian ways he can hide his winnings?
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posted by anonymous
on Jan 25, 2010 -
29 answers
What is "reasonable compensation" to determine the equitable split between compensation and dividends for the 100% owner/officer of a profitable S-corp advisory firm?
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posted by anonymous
on Jan 15, 2010 -
3 answers
Do I need to file for income taxes if my sole income was from CD interest (and not really much of THAT)?
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posted by Yoshi Ayarane
on Jan 14, 2010 -
6 answers
I have an estate tax statement showing a loss from the estate of my grandmother in another state. How do I find a professional who can tell me how to file this where I live to the best April 15th benefit?
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posted by Koffeeman
on Jan 12, 2010 -
2 answers
Tax question: How do I report money on a lawsuit settlement? Which tax form to use?
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posted by anonymous
on Dec 11, 2009 -
6 answers
My current iPhone was purchased in Washington. I live in Oregon. Under Government Fees & Taxes, I have a WA State Telecom Tax line. Is there a Telecom Tax for OR State?
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posted by hilaryjade
on Dec 5, 2009 -
7 answers
huge payroll issue. i'm lost and need direction. long story follows, but the short version is that i seem to have been overpaid by $15,000 and now my employer would like that money back.
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posted by radiosilents
on Dec 2, 2009 -
27 answers
Can I buy a gift card this year (2009) for purchasing a computer in the following year (2010) so I can take the tax deduction in the current year (2009)?
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posted by jimmy0x52
on Dec 1, 2009 -
9 answers
I need to know a rough estimate of how much I should take out in taxes. Theres no withholding with my checks because the temp agency is whack like that. But I need to know how much to take out for tax season? I live in NY, but don't live in the city. So far I earned with this agency... 7466.55. The end of the year it will be $9000 earned. Can anyone help?
posted by InterestedInKnowing
on Nov 23, 2009 -
12 answers
Last year I got most of my income for working from home in the state of Virginia. I did work for a company that is not owned by me and was located in another town in Virginia. I got a 1099 as an individual from the company for the work that I did. This work was all conducted by phone and email, no one came to my home. I recently got a letter in the mail from the City of Winchester, VA saying that I did not register as a business in the city and that I needed to pay back licensing fees. I know you're not my lawyer, but do I have to do this?
posted by jefeweiss
on Nov 6, 2009 -
13 answers
What are some good low risk ways to invest $30k for about a 3 month period?
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posted by trbrts
on Nov 4, 2009 -
8 answers
When I bought my car from out of state, the dealer never collected sales tax. Now I moved to that state and the state wants to collect! Help!
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posted by Tu13es
on Oct 13, 2009 -
10 answers
I'm earning maybe $4,000 this year, of which $2,000 is as self-employed. Do I still have to pay around $300 in taxes?
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posted by anonymous
on Oct 6, 2009 -
4 answers
I'm thinking about cashing out my 401k to help start a business. I know I will pay a penalty, and that what I take out will be taxable income, but I expect my business to post a loss the first year that would offset most of (if not all) of this income. Would I still have to pay taxes on all of the 401k money?
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posted by wezelboy
on Oct 1, 2009 -
8 answers
