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Make a payment of the sum of the first two voucher amounts soon as you can: the interest and penalties will be smaller. The interest and penalties don't need to be paid right now; on your 2015 tax return, you should complete Form 2210 (the long version) to figure out how much you owe in interest and penalties. The IRS will offer to do such a calculation ...


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Is your fiancé also a student? It sounds like the answer is no. I think once you become married, you will jointly become residents because your wife is not in school. However, I strongly suggest you contact the Michigan Department of Treasury directly and ask them.


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Perhaps the real question you are asking is "How can the tax code be fixed to make it simple for everyone (including me), and what would it take to effect those changes"? There are really two causes for the complexity of the tax code. Many of those who enter Government hold a desire for power, and Government uses the tax code as one lever of power to ...


0

Canadian residents working in the US and contributing to a 401(k) do need to include their own 401(k) contributions in their reported income. However, since 2009 they can deduct those contributions on line 209(?). A treaty revison made this possible.


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Actually, if you don't care about paying a bit more, either hire an accountant and dump the paper on them, or (may be cheaper but a bit more work) spring for tax software. Modern tax programs can often download most of your data directly. If you don't care about claiming deductions you can skip a lot of the rest. I'm perfectly capable of doing my taxes on ...


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Currently, the answer is no, you cannot get out of filing a tax return. As noted in the comments, if you want to pay more to get out of the drudgery of working on your return, you can pay an accountant to do it for you. You are not alone in thinking that the current income tax system in the U.S. is overly complicated. What you are essentially describing ...


9

In a word, no. If your income is high enough to have to file a return, you have to file a return. My accountant has a nice mindset for making it more palatable. I'll paraphrase: "Our tax system is ludicrously complicated. As a result, it is your duty as an American to seek out and take advantage of every deduction and credit available to you. If our ...


1

There are no US taxes for receiving a gift (you). There may be US taxes for giving a gift (the gift tax), for your parents, but if they are nonresidents and the money they are giving was not situated in the US, then they do not have US gift tax. You have to report a gift from a foreign person if it exceeds $100,000.


0

The exact date when you went out of India matters. If you have spent more than 182 days in you are Resident Indian and the global income is taxable in India. So for the period of Oct-14 till 31 Mar 2015, the salary you have received in US will be taxable in India. Please consult a CA for specifics of you case. India and US have DTAA


4

Without knowing your income, deductions, and other circumstances, it is impossible for us to say for sure whether or not you will get a refund next year at tax time. However, if your income is relatively low, it is entirely possible that you won't owe any taxes at all, even if you haven't had any withheld. For example, in 2015, the standard deduction for ...


2

In some circumstances losses from self-employment can be offset against total income and/or capital gains. If this applies to you may be able to claim back some of the tax taken by PAYE from your day job. You can also to some extent carry the loss backwards into previous tax years or forward into the next one if you can't use it fully this year. HMRC have ...


1

By the end of this year i will meet the substantial presence test i.e Lived for more than 183 day in the current year. That means that for tax purposes you'll be considered resident.


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It is incorrect to have a form 16 that does not show the full salary paid. Incase it is taking time to get this rectified, when you file the returns, mention the correct salary received and the tax deducted, if you use the Income Tax website for filing, it would also show the refund amount. Edit: If an individual is deemed tax payer, all the income in terms ...


1

For the financial Year 1 April 2014 to 31 March 2015, you have spent more than 182 days in India and hence you will be treated as "Resident Indian" and not "Non Resident Indian" for tax purposes. As Resident Indian, you will have to pay taxes on your global income. So in your case you have to declare your income earned in US from Oct 2014 till 31 March ...


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IRS Publication 5137 section 22 22 Fringe Benefits for Independent Contractors Generally, the taxability of fringe benefits or reimbursements paid to independent contractors is similar to that for employees. However, different withholding and reporting requirements apply to these workers. Reg. §1.132-1(b)(2)(iv) Nothing is mentioned ...


1

Using the http://calculators.ato.gov.au/scripts/asp/simpletaxcalc/main.asp calculator and noting all the caveats (Medicare etc) and assuming everything is proportionate you get: Option 1 You earn: $110,000 less $28,647 tax = $81,353 She earns: $54,000 less $9,097 tax = $44,903 Total net: $126,256 Option 2 You earn: $88,000 less $20,507 tax = $67,493 She ...


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Your lunches at work are most definitely considered as income, and are in no way a gift. Personal relationships have nothing to do with that, that's the tax law. You would need to report the $5 per day the client spent on your meals, yes. If you don't want to do it in the future, make sure the client knows that you're not eating the meals and doesn't charge ...


6

The accountant must provide you a signed copy of your return, and the e-file authorization form for you to sign which should show the amount you're supposed to get refunded. Once you sign the authorization, the accountant must e-file your return, and provide you the receipt of filing (usually an email from the accountant's software provider). If any of ...


2

The name on the Form 1098 that the mortgage lender sends you. That's the SSN and payments reported to the IRS.


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The person who both (a) is on the mortgage and (b) pays the mortgage.


3

My concern is if I need to report and pay extra taxes for the part of the company that will be under my name Yes, d'uh. Of course. It's actually quite complicated when it comes to foreign companies owned by US people, and you'll need a good tax adviser (EA/CPA licensed in your State) who's fluent in that area. Citizenship has nothing to do with this, ...


1

You're off-by-one; the deadline to file for refund of TY2010 was Apr. 15 2014. For the remaining (in-statute) refund years, I'm not so sure as @littleadv it's actually prohibited, but it certainly can't go through the normal logic. I had a case involving several back years "offsetting" (but not just late filing like yours) and found that IRS systems and ...


15

Given that 1040.com does appear to be a legit tax preparation service, there is another, harmless (to you, anyway) possibility: Someone with the same name as you has filed his tax return using your email address, probably in the honest belief that it is his email address, and therefore you are getting notifications about his tax return. This sort of thing ...


9

The IRS does not initiate contact with taxpayers via email. This is a scam. The IRS doesn't initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. This includes requests for PIN numbers, passwords or similar access information for credit cards, banks or other financial ...


0

per day allowance From a tax point of view "Per Day Allowance" is meant to be spent. Generally its shown as expenses by the company against bills. In case the travel is of longer duration, its allowed to provide a fixed amount to ease the paper work. So if you are saving "Per Day Allowance", you have to report this as additional income in your tax ...


1

as well as an ordinary bank account in India NRI can't hold normal savings account. Have this converted to NRO. How to treat my investments done under Demat account attached to my domestic bank account. You would need separate Demat Accounts. For existing shares before you became NRI, NONPINS. Another PINS after you became NRI and traded in ...


3

No, the IRS will not "roll over" refunds towards the next year liability for past years. Applying the refund to the next year makes that refund become estimated payment. You cannot make an estimated payment after the year ended.


2

Yes, your State tax return and the bank statement showing the check/deduction for that amount (and the canceled check itself, if you mailed a check).


2

ESPP is common among US companies, often with a framework similar to your outline. In the US, some ESPPs allow sales of shares to be considered qualifying (subject to capital gains rather than ordinary income tax) if they are sold at least 2 years after the enrollment date and at least 1 year after the purchase date. These details can vary from one plan to ...


10

No — the U.S. is the only country that imposes such a requirement on its citizens. Eritrea is another country (the only other...) in the world which taxes non-resident citizens, but it is not a regular income tax. Every other country in the world taxes by residency and not by citizenship. Canadian citizens who no longer reside in Canada (i.e.: have ...


1

In the first few pages of the 1040NR instructions for each year, there is a section called "Who Must File". That will answer your question.



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