| United States Taxes |
| CA Sales tax? Refundable or deductible? |
You can chose between deducting sales tax and state income tax. You can deduct your actual sales tax paid or use the IRS tables. Add tax for big ticket items to the table amount. As a generalizati... |
| Is a portion of my mortgage deductible if I am 1/4 of my home as a business office? |
yes. you can write of the sq footage used for your office. plus (depending on your business, ask your account) you can write off anywhere from 10 to 15% of your utilty bills. i also write off my en... |
| Do you charge sales tax for the following services in New York State? |
I do not believe you charge sales tax for those services, however, if you are selling software, the software would be taxed.
To make sure, I'd call the NY State tax deparment:
1-800-972-12... |
| Can i deduct my pets on my taxes???? |
Not unless they are part of your business. If they are a business expense then, yes. Otherwise, no. ... |
| Federal taxes...? |
The monies collected go into the general fund to help pay the bills of the United States Government. This is why the government moved all the social security to the general fund some years back and... |
| My 26year old daughter lives with me, hasn't worked all year, can I Claim her as a tax dependent? |
She has nothing to file on, so doesn't have any tax credits coming so there would be no point in her filing a return.
If her gross income for the year is under $3400 and you provided over h... |
| Is this correct ? unsure if I'm interpreting this correctly? |
If you file a 1040 with child care expenses, you should be OK and not have a delay. Apparently the reprogramming for that has been completed. ... |
| Tax books vs Tax software? |
You should try getting one of the tax books sold in bookstores (no, I won't mention the names since I'm not paid to endorse them).
The books are the "popular" ones that cost ... |
| After completing my tax return I owe the IRS about $3000 from 2005. Can I pay this in installments? |
IF you owe IRS call 1-800-829-0922 or 1-800-829-8374 and arrange for an installment agreement. Or visit IRS website, and you can request an installment agreement on line. OR download form 9465 an... |
| How do I know which form I will need to use when I file my taxes? |
That will depend upon the source(s) of your income and whether or not you claim any deductions, credits, etc. on your return.
If your only income is from wages subject to withholding and are les... |
| Is Social Security pre-tax, post-tax, or simultaneously taken from the base salary? |
Social Security and Medicare taxes are based upon your gross income. If you are making tax preferenced contributions to a qualified retirement plan you will pay SS and Med tax on those contributio... |
| What if education costs are less than your Coverdell IRA value? |
Your educational IRA money has to come out by age 30 but the 529 plan has no age limit. Also, the educational IRA can be spent on any education ( high school, grade school, etc.) but the 529 plan c... |
| Loop hole to the gift tax? |
No, that won't work, since the money you are giving them isn't a bona-fide gift since you are requiring them to immediately hand it over to someone else. In this case, the money you are ... |
| Is income earned abroad subject to state income tax? |
You will file as a part year resident. The time before your arrival will be taken into account on the state return. (That is, the income earned before you returned to Louisiana should not be take... |
| Can I file as "Head Of Household"? |
You can not claim your girlfriend for 2007 because of her income. But if she doesn't earned more than $3,500 and no else is claiming her, you can for 2008. Your girlfiend will be filing as &... |
| Tax system? |
You forgot to include what the type of deductions are on your paycheck.
Generally the basics:
Fed Federal w/h
State State w/h
SS Soc. security w/h
MC Medicare w/h
May include ... |
| What is the 1040A form when filing your taxes? Is it true you can't file this until Feb.? |
Congress screwed around with tax law until 12/20. The IRS programmers are frantically recoding their systems to account for the changes. (So are the programmers at the companies that sell softwar... |
| Which tax software is the best to use and why would pick that one? |
i would say Turbo Tax because i've used them and its very easy to follow
the price isn't bad ... |
| Does New York State charge sales tax for services? |
It depends on they type of service. Information services are taxable. So are installation services.
What kind of services are you referring? ... |
| How do you pay income taxes on money/income received from an internet based job? |
You would have to file self employed. The IRS has basic tax tables to use were you can figure up what tax bracket you will be in by how much you make. You can pay the IRS through out the year to av... |
| What kinda of tax breaks do you get for being married and having a house.? |
Filing jointly almost always gives you a lower tax overall than filing separately.
For joint returns, the brackets are wider than for singles or married filing separately, so you generally pay a... |
| When reporting adsense revenue for websites on my taxforms, do I need to reveal any details about my sites? |
The attorney is going to want to see the 1099-Misc forms. when you get them, you'll see if the corporate name is at all "revealing." ... |
| I live in the state of? |
Did you have anything withheld for federal income tax? If so you should get all of that back. You'd also be eligible for an Earned Income Credit of around $1450. ... |
| Can I claim my fiancee on my taxes? |
If you do not live in the following states then you can claim your fiancee on your taxes. They are: Florida, Michigan, Mississippi, North Carolina, North Dakota, Virginia and West Virginia. If n... |
| Do I need to pay taxes on $20K I rolled over into an IRA and cashed out.? |
You will have to file a tax return. If you did not meet the substantial presence test, then you would file a 1040NR. You will have to report the IRA and attach a form 5329. This goes on line 16b... |
| Who would have my state records for withholding form jobs from previous years? |
Possibly, you'll have to ask.
Your past employers are required by law to provide copies of W-2s and any other tax statements upon request, although they are allowed to charge a reasonable f... |
| How much taxes do I have to pay? I made $14,000.00 "2007"? |
Go to hrblock.com and they have a est. tax refund link were it will ask you for your gross income and your federal taxes paid with a few other simple questions. ... |
| Tax question - should I send a check to the IRS today? |
If you need to send an estimated tax check, the deadline to do so is January 15th. AND if you are planning on filing before January 31st, you don't have to send a fourth quarter estimate and y... |
| I just hired my wife. how do I determine the amounts of witholding and where do I remit the witholding taxes.? |
This calculator handles Federal and state withholdings.
... |
| With a LLC should you make efforts to reinvest your profits at the end of the year? |
To rephrase the above answers slightly, you never pay tax on what you have in the bank. You pay tax based on the accounting profit or loss sustained by the LLC.
It is possible to have good cash... |
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