Tagged Questions
4
votes
3answers
995 views
Can I receive “gifts” from my friend (who happens to be my employer)?
Take for example, I'm an employee and my employer is my good friend.
We are both US persons living in the US, and I'm working for my friend for a monthly wage of $5 USD which is subject to income ...
1
vote
2answers
59 views
How can I estimate business taxes / filing fees for a business that has $0 income?
I'm looking for a good resource to understand the penalties I need to pay in order to get my business 'up to date' with the IRS. I called the NY state and I was able to determine the amount needed ...
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
18 views
Filing Form 7004 if an LLC's only members are husband and wife
I need to file tax extensions.
I already know I need to file Form 4868: Application for Automatic Extension of Time
To File U.S. Individual Income Tax Return. I expect a refund, so I'm sending no ...
3
votes
1answer
60 views
How do I pay my estimated income tax?
I've recently made the move from salaried employee to small business owner. Now instead of my employer sending in my taxes incrementally with each paycheck I need to pay my expected taxes quarterly.
...
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 ...
2
votes
1answer
62 views
For Tax Purposes, What Does “Provide at Least Half the Cost” Mean?
If I am separated (no legal decree) from my husband for just over two years and have been unable to work due to caring for children and illness.
I get ~$3700/month from him labeled as "Separation ...
4
votes
1answer
52 views
What is a better way for an American resident in a foreign country to file tax?
I usually file my taxes using turbo tax. Last year I moved to a foreign country and I tried to file my tax again using turbo tax, but I feel like it's confused about some parts:
Turbo tax doesn't ...
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, ...
2
votes
1answer
42 views
OBRA, Social Security, and year end taxes
OK, So I am having a bit of an issue getting a response from our payroll department at work and Google is useless in regards to this question.
I work for the local county and we do not have Social ...
1
vote
2answers
1k views
How can I correct a Free Fillable Forms reported error?
I attempted to file my U.S. Federal taxes via Free Fillable Forms, and got a rejection for the following reasons:
Field/Xpath: ...
1
vote
1answer
28 views
Itemized deduction when not on lease, utility contracts, etc
I am a single individual in the United States on a work visa. My job makes me move around the country, often at short notice. I therefore try to find living arrangements where I don't have to be a ...
0
votes
1answer
66 views
Include all W-2 forms on a Part-Year-Resident State return?
I lived in State1 for the first 10 months of 2012, and then State2 for the remainder of the year. I've already e-filed my federal return and my state return for State1. However, my tax software ...
0
votes
1answer
85 views
I married a noncitizen. How do I properly file a W7 with our joint return?
From what I understand, an SSN or ITIN is required to file a tax return, and when filing with an ITIN, you are ineligible for the EIC and you cannot eFile.
My issue is this: my wife preemptively had ...
1
vote
2answers
137 views
Is an incorrect address on a W2 a problem?
I worked at a company in 2011, with address A, and in 2012, came back to the Company with Address B. There were no overlaps with the addresses from 2011 to 2012. However, payroll didn't update my ...
6
votes
1answer
79 views
Same-sex, multiple state income tax
I am in a same-sex marriage and the following statements sum up my situation:
I personally moved to Illinois in May, my husband has lived in Illinois the entire year
My husband has worked ...
-1
votes
2answers
193 views
Amending a separate tax return to a joint return
I am a non-resident, independent contractor, married to a US citizen and have filed my 1040-ES and 540-ES with my own information, leaving our my wife's details (which I gather is only required if I ...
0
votes
1answer
148 views
Effect of community state laws on Married Filing Separately filing status
While I am a non-resident for tax purposes and have an income, my wife is resident for tax purposes and does not have an income.
We are residents of California and I was wondering how its community ...
2
votes
1answer
117 views
Locating a CPA/EA who is well versed in non-resident taxes
I asked a few questions (F1 student, as a non-resident, filing married separate tax return with US Citizen wife, F1 student, as a non-resident, filing a joint tax return with US Citizen wife) in an ...
-1
votes
1answer
79 views
Can the alien husband of a US Citizen choose to file as a non-resident
I have been in the US on a F1 visa for just over a year now; got married to an US Citizen recently in late 2012. We live in California.
My questions are:
Can I, as the husband of a US Citizen, ...
2
votes
2answers
335 views
Can a F1 student file, as a non-resident, a joint tax return with US Citizen wife
My income through CPT, as a F1 student for 2012 was $50k, of which I have paid $300 in state and federal taxes as I was a part time employee of a company from Jan - March 2012 (income ~$13k).
I then ...
1
vote
1answer
73 views
What's the minimum revenue an LLC must make in Florida or NY states?
Here in Italy, if you open a small company (sort of LLC) you must have a minimum revenue, and therefore you must pay a minimum amount of taxes every year. Too bad for you if you are not making money; ...
1
vote
1answer
207 views
What are the costs to establish an LLC and to maintain it?
What's the average (approximately) cost to open a basic LLC in Florida state or in NY state? (FYI in my case is to buy an house in Miami and rent it. I already have a bank account in the U.S.)
What's ...
5
votes
1answer
110 views
Should I skip a tax filing for a year I don't have all the information for, and file it later when I can?
I'm waiting for some information before I file tax for the person for the calendar year 2010. He filed for an extension for the calendar 2010 and then 2011 too. The information is still not available ...
2
votes
1answer
122 views
Filing federal taxes for C-corp with no income
I started a startup in November, established as a C corporation. We made a single payment to a lawyer to have him file the papers and write the bylaws (payment was from my personal account). We didn't ...
4
votes
2answers
187 views
Dependent SSN and previous years US tax returns
I live abroad and my child was born 5 years ago, but I did not get him a SSN until this year, now I haven't filed tax returns for the past 5 years, my question is can I claim him as a dependent for ...
-4
votes
1answer
125 views
Free online U.S. tax filing service that supports stock trade capital gain/loss data import?
Is anyone aware of any services (websites or programs) that allow completely free electronic filing for US form 1040 Tax returns for 2011, that include imports of many 1099-B / Capital Gains & ...
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 ...
6
votes
1answer
233 views
Can I find out what the IRS knows about me?
Is there a way to get your 'history' or 'profile' form the IRS. By this I mean, can I find out what has been reported to them about me by third parties over the years in terms of W-4 forms, 1099 ...
1
vote
3answers
167 views
Filing taxes on stocks
In 2007, my father (now deceased), unbeknownst to me, was trading stocks in a custodial account under my name. He actually ended up losing money on the trades, but he never filed taxes for them. ...
16
votes
2answers
582 views
I haven't filed a return to the IRS in 10 years
My employers have always withheld taxes and for the most part I've assumed they've done it right. I have probably owed a bit some years and been owed a refund some years.
Anyhow, I want to get ...
1
vote
2answers
71 views
set pre-tax money aside in 2011, tax liability was lower, use for IRA?
I set pre-tax money aside in 2011. (didn't do estimated taxes, paid neglible penalty)
My tax bill is lower than the amount I set aside in 2011. I still have wage work, so can I use the remaining ...
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 ...
3
votes
1answer
42 views
What method of income tax filing is recommended for a first-time father?
My wife and I had our first child last year, and my question is, what is the preferred method of filing taxes since I have this addition to our family?
Is it recommended to go to a paid tax ...
1
vote
1answer
132 views
Proper way to report Simple IRA to Rollover IRA transfer
I have two IRAs: a Simple IRA (for more than two years), which I contribute to every month, and a Rollover IRA, which I use for automated trading. I had the Simple IRA broker do a trustee-to-trustee ...
2
votes
1answer
117 views
Tax liability for a non-resident alien (student) working on-campus in the U.S
I get paid as a research assistant by helping my guide write papers and for assisting them in classes and correcting homework.
Never got around to thinking about tax but recently, when I noticed that ...
9
votes
1answer
138 views
If you're married, can you still file an income tax return as a single individual?
Roth IRA limits on income make it advantageous for my wife to file single. We are getting married this year in November.
The IRS says that if you are married filing separately, that essentially she ...
6
votes
1answer
665 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 ...
6
votes
1answer
552 views
Can multiple Form 4868 be placed in same envelope?
When filing automatic extension of time to file with no tax due, can multiple extensions with the same address be placed in the same envelope or need they be mailed individually?
4
votes
2answers
76 views
I would not like to rush to file taxes at the last moment. Does it make sense to file Form 4868?
Although I have all my tax information now in one place, I would like to study itemized deductions better and make sure that I file all my taxes correctly and maximize my returns. Does it make sense ...
4
votes
1answer
39 views
When filing part time residency how does one determine interest earned in which state?
I am filing in two states. My residency ends up being about 60-40. On the state forms it asks Interest and Dividend from State sources. Do I have to claim it on both, or do I just claim it on the ...
7
votes
1answer
90 views
E-file and additional paperwork: Can I e-file an explanation of a rollover or do I need to paper file?
I just finished my taxes and I want to e-file, but because of a pension rollover taxcut gave me a warning saying I need to send in an explanation of said rollover. Will I be able to do this via ...
2
votes
2answers
84 views
Financial Responsibility for Tax Purposes
I am fully "financially responsible" for a property in the United States that is not in my name. I made arrangements with the previous owner to take over payments on the property and assume full ...
3
votes
1answer
189 views
How can I determine why I received a Form 1099-G?
I received a 1099-G Tax Document in the mail today. Is there a way to determine why I got this and what it is related to?
6
votes
2answers
435 views
I am an American citizen but have never lived in the US. Do I need to fill a W8-BEN or a W-9?
I have a dual citizenship (US and non-US), and I have never lived in the US, nor have I worked in the US, except for 4 non-consecutive months as a counselor in a summer camp.
I work in a ...
4
votes
2answers
124 views
Why are we not getting a rebate when we declare zero allowances?
Both my wife and I file zero allowances for both Federal (W-4) and State (CA). For Federal we checkbox married and for State we checkbox single/married with two or more incomes. To the best of my ...
11
votes
3answers
2k views
What is the proper way to report additional income for taxes (specifically, Android development)?
Let's say I have a day job that contributes to the majority of my income.
Now if I do some Android development (or similarly iPhone, Blackberry, or any other hobby that produces an additional income) ...
4
votes
1answer
142 views
If you owe tax, how does the IRS failure-to-file penalty work?
If you owe tax, how does the IRS failure-to-file penalty work?
