to be used for specific question related to tax returns. Ideally the country tag should be used along with tag to indicate the geography of the question. Related tags are "income-tax-filing" and "income-tax-refund"
1
vote
1answer
38 views
Can a foreigner filing US taxes as resident claim Lifetime Learning credit?
Since I am married to a US citizen, I can make an election to file my taxes as a resident.
Both me and my wife are graduate students and have been paying tuitions for 2012.
If we file MFJ, can both ...
2
votes
1answer
66 views
As a Canadian citizen living as a legal resident in the United States, with no income: do I need to file in Canada?
I am a Canadian citizen but I married an American and live as a legal resident in the US. My husband supports us and I did not bring in any taxable income in 2012. Do I need to file a Canadian ...
3
votes
1answer
49 views
Significance of first name on joint tax return
I was recommended an EA to help me file my taxes and he recommended me to file jointly with my wife's name as the first name on the joint tax return.
I did some reading and it seems like it's best to ...
0
votes
0answers
46 views
Is it possible to not pay self employment taxes on income reported in box 7 of 1099-MISC
I was recommended an enrolled agent (EA) to help me file my taxes and he asked me to file an extension as he needs more time to read about my specific tax situation.
The EA did not go into details ...
-1
votes
1answer
28 views
Filing an extension and its effect on ability to choose between married filing status
I was recommended an EA to help me file my taxes and he asked me to file an extension as he needs more time to read about my specific tax situation.
If I were to file an extension could I, later this ...
3
votes
2answers
56 views
H&R Block tax preparation software made arithmetic mistakes. How should I proceed?
I used the free e-file software at hrblock.com for my federal return and paid for my state return. After paying but before finalizing and filing I checked the PDF version of my return and immediately ...
1
vote
1answer
55 views
What should I include on line 7 of US form 1040?
On U.S. Form 1040, Line 7 says:
Enter the total of your wages, salaries, tips, etc.
For this line, should I include the portion of my salary used to pay medical and dental premiums?
2
votes
1answer
30 views
As a contractor, TurboTax Business-and-Home or Basic?
At what point is it worth it to use TurboTax's Business and Home package ($99) over the Basic package($35)?
I worked as an independent contractor for a living last year, and I don't suspect there'll ...
2
votes
0answers
47 views
Canada: Filing multiple years income tax (carry-forward)
I've been a bit irresponsible with my taxes as a student, and now it is time for me to make up for the years of neglect, and file my taxes for the 2007-2012 periods.
I've not filed taxes starting in ...
6
votes
1answer
87 views
Received a late 1099 MISC for income I reported already, do I have to amend?
I have already filed and received returns for federal and state. Part of the income reported was cash for a side business cleaning houses (wifey). Last week, the lady my wife cleans with/for handed ...
9
votes
1answer
75 views
Points paid on purchase of principal residence - tax deductible?
I bought a house last year (in Colorado) and have now received a Form 1098 from the mortgage company showing the mortgage interest I've paid. Line item 2 on this form is Points paid on purchase of ...
4
votes
1answer
71 views
Effect of community state laws on nonresident aliens when Married Filing taxes separately?
We are a married couple from India working in CA and we are nonresident aliens for the purpose of taxes for 2012. From what I understand, married people living in a community state like California, ...
0
votes
1answer
86 views
Box 56 - PPIP insurable earnings (RL
Another question about Quebec tax return: I have field: Box 56 - PPIP insurable earnings (RL-1 Box I) in T4 Slip Income (RL-1) and in T4 box 56 is empty, but in RL-1 Box I has value equals to all ...
1
vote
1answer
111 views
T4 and RL-1 (Employment Income)
I'm filling my tax return using ufile. For T4 and Employment Income they have two options:
T4 and RL-1 (Relevé 1) income earned in Quebec
T4 and RL-1 (Relevé 1) with CPP contributions
What is ...
0
votes
1answer
40 views
J1-Intern Tax Filing Help
I'm a Canadian citizen and I did two internships in the states last term. What forms do I need to fill out for the US Tax Return 2012? Is there a guide for people like me? Any help would be ...
5
votes
1answer
73 views
If I amend my federal tax return before I file my state taxes, what do I do?
I filed my federal taxes a couple of weeks ago, then realized I needed to amend them, so am going to file a 1040X in the next week or two. I have not yet filed my state (Oregon) taxes. I've been using ...
9
votes
1answer
254 views
I'm in the US on F1 visa, received a W2. Not sure what to do now
I came to the US a few months ago to pursue my higher education. So I worked as an RA in my university last year, and just today received a W2 form in mail. It doesn't say anything about what I need ...
2
votes
1answer
77 views
Foreign national moving from US to Canada, how to file tax return (340 days in US)
I recently started a new job in Canada in mid-December, which means I am only on Canadian payroll for 3 weeks, and for most of the year I was on US payroll with my previous employer. I am a citizen of ...
2
votes
1answer
38 views
Deducting last years (undocumented) side business loss
Last year (January 2011-August 2011) I hired a company in Europe to build me a software product, which I intended to resell as a for profit business. I am a us citizen and have lived and worked here ...
1
vote
2answers
60 views
Properly calculating personal taxes
When taking into account how much Federal/State income taxes, FICA and MED have to be removed from your income, do you calculate that based off of your Gross or AGI?
1
vote
1answer
52 views
Can I claim a SuperAnnuation -loss- on my 2011-2012 Australian Tax Office tax return?
can i claim any super annuation -loss- in an Australia Tax Office (ATO) tax return? if so, what section please?
1
vote
1answer
122 views
IRS letter about 401(k) rollover not shown on return
I got an IRS letter that states my return does not match the records they have from others. In particular, it shows I reported $0 but they were reported a non-zero amount for taxable retirement ...
2
votes
1answer
127 views
How do I treat the income from an ESPP I sold now that I am a non-resident alien?
I worked in the US in 2009 and was granted an Employee Stock Purchase Plan (ESPP), which I exercised. Then later I left the US and sold the stock, which is a qualified disposition.
Now I am going to ...
10
votes
3answers
350 views
What is the best way to calculate the optimal tax withholding from my paycheck?
My tax refund for this past year (United States) was much higher than I would have liked it to have been.
I'm single and have no dependents.
My tax refund was about 4% of my salary. Is that normal?
...
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 ...
3
votes
2answers
117 views
J-1 tax refund or debt?
I have a question regarding my tax return. Last year I worked in the US with a J-1 visa. Besides my wage I received rental reimbursement for bringing my own laptop and a housing allowance. My employer ...
3
votes
0answers
195 views
Avoiding double taxation on US income in Canada with tuition credits
I am a Canadian with some foreign income from US, for which I have paid taxes in the US. So I would be eligible for foreign tax credit in Canada. However, Canadian tax system uses my tuition tax ...
4
votes
1answer
1k views
Tax return accepted, amended return rejected
My original tax return was efiled and accepted by both US and state. I originally forgot to include daycare expenses for my daughter which would have provided an additional several hundred dollars to ...
3
votes
1answer
457 views
How to fill Form 8889 (HSA) Part III?
I have a hard time understanding Part 3 of Form 8889 (HSAs). The situation is as follows - I have an HSA for a few years. This was opened about 3 years ago, while I was working for my previous ...
1
vote
0answers
269 views
Can I claim tax withheld on form 1042-S on form 1040
I moved from US to India on 8/2011. I was in India through the end of 2011. In 1/2012 I moved back to US. Fidelity has provided me with a form 1042-S. It looks like the equivalent of form 1099 for ...
0
votes
1answer
157 views
Restricted Stock Grants - How to prepare tax return when you sell to cover taxes
Whenever a stock grant through my employer vests, I always opt to sell to cover my tax obligation. So, for example, if 500 shares vest, I leave with 250 shares and the other 250 are sold to cover my ...
4
votes
4answers
397 views
If I'm audited, will the accountant who prepared my taxes charge me an additional fee to handle the audit?
If I pay an accountant to prepare my taxes, and then I'm audited, is it typical for the accountant to handle the audit as part of the original filing fee, or will he/she charge me by the hour to deal ...
2
votes
1answer
839 views
Can CA SDI be added to state and local income taxes on 1040 NR Schedule A?
Can I add CA SDI to State and Local Income taxes on 1040 NR Schedule A? I understand a NRA has to file 1040 NR and has to itemize the deductions.
I know that CA SDI can be added to State and local ...
3
votes
2answers
121 views
Definition of gross income (Arizona state tax filing requirements)
I am a non-resident with some commercial real estate income in Arizona, and I'm trying to figure out if I need to file there.
It says that you have to file if your gross income is > $15,000, and then ...
3
votes
1answer
312 views
Clarification of “First Year Choice” in IRS pub. 519, U.S. Tax Guide for Aliens?
In IRS Publication 519, on page 9:
What is the purpose of "First Year Choice"? I mean how would it help a taxpayer?
Also in the example if Juan DaSilva is considered resident from Nov 1, 2010 then ...
4
votes
1answer
269 views
For a W-2, is there a threshold for box 1 below which I don't have to report the income?
My wife received a (correct) W-2 where box 1 is $0.23.
When TurboTax reviews for errors, it tells me that I have a W-2 without a box 1 value specified (I guess because it rounds it down to $0) and ...
1
vote
1answer
35 views
How do I deduct payments to others out of a single payment to the group for contract work?
Another person and myself did contract work. The company sent the entire payment for the work to me and I paid the other person out of that money.
How do I report this on my taxes? I received the ...
6
votes
1answer
169 views
What are the potential penalties for filing an erroneous tax return, if I amend the return immediately?
In prior years, my school partnered with a certain accounting firm to provide us with 1098-Ts. Up until November of 2011, I was receiving emails from them mentioning this service. In January, their ...
0
votes
1answer
103 views
Can I get a tax deduction for PMI?
My yearly income is less than $80000 but my joint income goes 150000+. If i file married filing separately, will i be able to claim PMI? I think there is income limit to claim it but i am not sure of ...
4
votes
4answers
1k views
Do property taxes get deducted 100% from the Annual Tax Return or only a fraction of them?
Hi Personal Finance and Money,
My question comes from hearing people say that you should buy a house rather than rent because you can deduct all of your property taxes on you tax return.
Question
...
0
votes
2answers
48 views
question regarding W4
If someone files W4 with default tax structure (no itemized deductions or allowances), can they still owe money to IRS at the end of the year if their income is > $200,000?
Edit
The only taxable ...
3
votes
2answers
695 views
Personal Tax Return software for Linux?
I'm looking for something like TaxCut or TurboTax but I can't find indications that they run on Linux. I still have a Windows machine somewhere but I'd rather not have to dig it out. I am willing to ...
2
votes
2answers
78 views
Do I need to include the original documentation to claim an adoption credit?
I am in the process of applying for an adoption tax credit in the U.S. I have found in the IRS documentation that I need to include:
The adoption certificate, order judgement, or decree clearly
...
1
vote
2answers
57 views
2012 Income Tax Allowance Planning
I am starting a new job on 1/9/2012 where I will be making significantly more money than I did in 2011. Further, I do not have certain deductions that I have in the past (mainly $12,000 per year in ...
0
votes
2answers
280 views
How do I estimate my tax refund if I've held multiple jobs?
I earn about 65000 a year, from a few different jobs that I've held this year.
What is an approach that I can take to estimate what I'm going to get back as a refund this year?
More details:
I've ...
4
votes
1answer
69 views
Should I put things like Family Payments, Interest on savings .. everything .. under my wife's name for Australian taxation reasons?
so it's tax time again.
My wife and I aren't sure who's name/names we should be putting any of our incomes into for Australian Taxation reasons.
To keep this simple, I'll use some fake numbers to ...
3
votes
2answers
146 views
Deferring claim of significant purchase of RRSPs
If I purchase $50,000 of RRSPs this year, I believe that I can defer some of this purchase over the next several years. I could, for example, claim $16,667 on each of my next three tax returns.
...
6
votes
1answer
666 views
I messed up on my tax return… what do I do now? [duplicate]
Possible Duplicate:
How can I fix a mistake I made on my income tax filing? [US]
So I just did some recalculating on my taxes and realized that I made a gross error (in my favor ...
8
votes
2answers
3k views
Do I really need to send my US tax return via certified mail?
I had always sent my returns in certified mail until this year when a state return said sending certified would actually delay the process. Is there a best way to send returns for federal and states ...
5
votes
1answer
113 views
Foreign tax credit
I was a student in one of the universities in Texas before I graduated in Aug 2010 and moved back home to India. However since June 2010 till date, I have been working with a US based company.
...
