Tagged Questions
8
votes
1answer
181 views
Does a US citizen freelancing for a US company while resident in the UK have to declare this for UK tax?
I am a US citizen living and working in the UK on a spousal visa. (My husband is British.) I've got the opportunity to do some freelance work for a US company on top of my full-time job, getting paid ...
5
votes
1answer
213 views
Working as freelancer with two partners. How do I report the income for tax purposes in India?
I am a software engineer working in a IT company. Apart from this, I am also working as a freelancer with a U.S. client. Money comes in USD to my Indian bank account. I have two partners with an ...
10
votes
1answer
812 views
Can I get a mortgage if I'm employed by my own company, rather than self employed?
My partner and I are looking to buy a house as soon as possible (i.e., the second we have the deposit in the next 3-4 months). My partner is currently in full time work but we want to focus on our own ...
5
votes
1answer
474 views
What evidence do I need to declare tutoring income on my income tax?
What evidence do I need to declare tutoring income on the Canadian federal income tax form?
I am doing tutoring with students and want to declare it.
Can I make copies of the checks I receive?
6
votes
2answers
612 views
Is freelance income earned by a U.S. citizen while living abroad subject to state income tax?
My wife is a freelance web developer, formerly residing and paying taxes in NY. She left her job in December 2011. We moved to Italy (where I am employed by the U.S. government) in January 2012.
...
8
votes
2answers
333 views
How to treat blog income for tax purposes & report PayPal income to the IRS?
I made a small amount of money for a blog I write, and I'm wondering how to enter it into my tax form. I was paid via PayPal so I have no W-2. (And not reporting it to the IRS is not a viable option.)
...
2
votes
2answers
282 views
Is H&R Block's calculator estimating the tax incorrectly (too high)?
I used H&R Block's tax calculator just to guesstimate (play around) with taxes and such.
I put $25000 in self-employed income, $7200 in expenses, $11000 in student-loan interest.
I came up with ...
6
votes
2answers
224 views
I may earn a lot of cash soon through self-employment on a lucrative project. How to handle the tax?
I'm in Canada, and am young and don't know anything about finance.
I've been working part-time as a software consultant for a friend who's starting a marketing company. He recently landed a job with ...
2
votes
1answer
415 views
Self-employed: Is the HST portion of my invoice to be included in my taxable income?
I am self-employed and charge and receive HST. I file an HST return so any monies are returned to the government. Is the HST portion of my invoice to be included in my taxable income?
1
vote
3answers
806 views
If I am Indian citizen residing in India but earning through online freelancing in US dollars, to whom do I pay taxes?
Say I am an Indian citizen and residing in India and earning through online freelancing software programming in US dollars. Which government do I pay taxes to?
Do I pay some taxes to Indian ...
6
votes
2answers
381 views
Tax implications of having some self-employment income?
I worked as an independent contractor for a short time this year (summer), bringing in under 5K in earnings. I have received all of my W2's at this point and am preparing to do my taxes this weekend. ...
4
votes
2answers
389 views
Side work taxes higher if regular job salary higher?
Simple question. If Person A makes $150,000 at their regular job (W2) and brings in $5,000 on a side job (1099-MISC), do they owe more in taxes on the $5,000 versus Person B, who earns $50,000 (W2) at ...
4
votes
1answer
2k views
I'm self-employed with my own LLC. How should I pay myself, given my situation?
I do a ton of freelance web design and decided to setup a simple LLC so I could have a credit card to make business purchases with. From my limited understanding, I can choose to be taxed as an S-corp ...
5
votes
1answer
668 views
Filing Tax on Income Received from iPhone App
I have two applications in the app store which are doing fine! I wanted to know how do I report the income to the IRS that I received from my iPhone apps. I called IRS and they told me to report as ...
8
votes
3answers
2k views
Full-time work + running small side business: Best business structure for taxes?
Currently I have a full time job (IT industry) but from time to time I do a side project.
Most of the times my clients agree to pay me cash as the amounts are not large.
However, last year there ...
7
votes
3answers
227 views
Freelancers in the US: pay estimated quarterly taxes or pay when you file?
My wife is currently freelancing, and the IRS would want us to file and pay estimated taxes every quarter, which is a pain. I could take extra deductions out of my paycheck, but figuring out the ...
