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    United States Taxes
    Can you get a Refund Anticipation Loan with just the last paycheck of the year, and not the W-2?

    H&R Block is offering a $500 loan only. No one else is doing the loans, in part because so many people failed to pay them back and partly because the IRS will be delaying processing this year....

    If my boss pays for my hmo, why do i have to pay medicare tax?

    You are paying in advance for hospital coverage after you retire. Most people will not get the benefit of their Medicare taxes until they are 65. Your HMO coverage now is irrelevant.

    ...
    Why does the tax code have to be so **** complicated?

    There is a joke among tax preparers (CPAs and EAs): "I love it when Congress 'simplifies' the Tax Code because my business goes up 20% the next year." For the average person...

    If i start working just after the first of the year (2008), when do i pay taxes?

    If you had no income in 2007, you owe no taxes. What you earn in 2008, you must include in your return filed in 2009.

    ...
    I made several donations to Salv. Army, they gave me a receipt, but with not total, how does that work?

    When you made your donation, you were to keep a list of what you donated. Only items in good, useable condition could be claimed and the amount is the Fair Market Value that the Salvation Army cou...

    Well how do I figure out the fair market value on donation?

    See IRS Pub 561 for a farily exhaustive (and exhausting) discusson on the rules for donations. Here's a link: ...

    I have a son with Down's syndrome and was wondering if I get a tax break come tax season.?

    You should tell your tax preparer that your child is disabled. There are no specific deductions or credits, but your taxes may be affected in a number of ways. For federal taxes, your child will ...

    What do I need to do if I still need to file last years return, as well as this years return?

    File a late return for last year, and a current return for this year....on time, by April 15. If you owe no taxes for last year, no problem, otherwise, penalties and interest.

    ...
    State tax info?

    The money you received from your job in Ohio is Ohio source income and reportable on an Ohio income tax return. The money you received in Idaho is Idaho source income and same deal. Uncle Sam won...

    When is the offical date to start filing tax returns?

    You can drop them in the mail right after the first of the year but it may be a few weeks before IRS starts moving the paper around. Efiling starts a couple weeks later unless you have Alternative...

    I never receeived my CA state tax refund?

    Maybe they figured by reading your post here that you needed to attended college longer so they sent the college the full amount!

    ...
    If we sales a good what will be the entry and what will be tax on that?

    dr. Cash/Accounts Receivable (if not paid for immediately) This includes the item sold and the tax you charged dr Cost of Goods Sold (for the cost to you of the item sold) cr ...

    What is the equivalent of a W-2 form for a self employed???

    You report all income whether or not you received a statement from the payer. The payer is required to send out 1099-Misc forms if they paid you more than $600--but many will send them out for a...

    Can my boyfriend claim one of our children on his taxes & I claim the other one?

    If you otherwise meet all of the requirements for claiming the children, yes, you can both claim one. (I am assuming you are both biological parents and you both have income.) Only one of you is ...

    I want to open a Roth IRA in the bank. I plan to make my daughter the sole beneficiary. Will she be taxed.?

    No

    ...
    Employer is giving me hand-written checks - question about taxes!?

    You should ask your employer for an accompanying statement of the taxes that they withheld if it is not shown on the check. It smells fishy to me but there is nothing wrong with manual checks. If...

    Can I write off mortgage interest PLUS take the standard deduction?

    nope, it is one or the other.

    ...
    Ssi, disabilty, my disabilty benefits are bigger than my SSI benefits why?

    Soc Sec disability benefits start paying six months after you became disable. The amount of Soc Sec Disability is based on your work history. SSI is not based on work history and the maximum paym...

    So is it deductible if only one of parents working while the kid's in preschool?

    If only one spouse works, you usually cannot claim a child care credit. You can claim a child care credit if the nonworking spouse was either a full-time student or disabled. If this applies, f...

    My daugther turns 19 next year, when is the best time to take her off my W 2 form? Before april15, or after?

    If your daughter is not going to be your dependent for 2008, then change your W-4 (withholding) by reducing your allowances ASAP. If your daughter is going to be your dependent, then do nothin...

    What's the latest standard mileage rate the IRS allows?

    It's currently 48.5 cents per mile. It is changing to 50.5 cents per mile on January 1, 2008.

    ...
    Ameriquest Refund?

    From the Ameriquest website: Update: December 13, 2007 Checks are being mailed today and tomorrow to all eligible borrowers who submitted a valid and timely Release Form by the deadline. Ple...

    How do you feel about the Fair Tax Plan?

    I like it very much. It provides: 1) elimination of the IRS and it's bureaucratic bloat, reducing gov't costs (note that most candidates are not talking about the way to reduce gov'...

    I made clothing donations that are worth more than $5K but?

    Hi,,I think you are limited to a set amount you can write off.After that you have to itemize every piece and get a receipt by the people you are giving it too.I could be wrong ,so check with gov.As...

    Question about tax id and FEIN or EIN number?

    Tax ID number, EIN (Employer Identification Number) FEIN (Federal Employer Identification Number) are the same thing. You need to complete the Form SS-4 to get this number. You can apply online at ...

    A mailorder business ships to multiple states, how is it determined inwhat state you pay sales tax?

    Sales taxes are filed and paid in the states that you have a real physical presence in. So, your home state. If you sell items within your state, you are to collect and remit sales taxes. Un...

    Why does the IRS use "Swan Lake" for their music on hold and how come they've never changed it, ever?

    I could have sworn it was Nutcracker, which is pretty bizarre in, say, August. But the title is appropriate if it's a balance due issue. Keep in mind, it will always be OLD music. They ar...

    Exhusband claiming children on taxes?

    Well, we can see why you divorced him. He pays the equivalent of $6000 a year in child support and thinks that a) he's actually covered even half of their expenses and b) that this is enoug...

    I need a state id for pa?

    No problem. Just bring a certified copy of your birth certificate to your local Motor Vehicle Department Office and you can get an ID card....looks just like a drivers license and just as good fo...

    In N.H, does a DBA need to file a yearly report like an LLC etc?

    You need to file a normal tax return. A dba is just a business name that you put on your shingle. It confers no metaphysical or tax return filing changes

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