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You will need the W-2. There is no guessing in taxes. The employer has sent the same numbers to the IRS. After you submit your tax return the IRS computers will match the numbers on your return to the 1099's and W-2 forms that were sent to them. Your return will be flagged if they can't understand where your numbers came from. If you can't get the real W-2 ...


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Do not file your taxes using only an estimate of the numbers on the W-2. You really need the exact numbers from the form. If you cannot get the form in time, then yes, you should request an extension. When you get an extension, remember that it does give you extra time to file your return, but you do not get extra time to pay your taxes. If you expect that ...


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Once the IRS changed the deadline from April to July, the deadline to file the extension form also moved to July. Since we are after 15 April you can submit the completed extension application form and what you owe on or before 15 July. From the FAQ: Q. What if I am unable to file my 2019 income tax return that was originally due on April 15, 2020, by July ...


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Here is a item from the IRS regarding W-4 forms: This is from the section for employers: How do I treat new employees first paid after 2019 who do not furnish a Form W-4? New employees first paid after 2019 who fail to furnish a Form W-4 will be treated as a single filer with no other adjustments. This means that a single filer's standard deduction with no ...


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The CPA or tax consultant is worried that they will give you the wrong advice if they cant see everything related to your tax situation. One advantage of using software is that it eliminates the simple math mistakes. They also have the ability to pull data directly from last years form if you used any of the software packages, even from a competitors. They ...


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California does not recognize income tax treaties. The federal AGI is carried over, but you have to add back the excluded income in Schedule CA (California adjustments). In the instructions for form 540NR Schedule CA, Columns B and C, line 1 (wages), it mentions: Foreign income. If you excluded income exempted by U.S. tax treaties on your federal Form 1040 ...


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In Australia, profits and losses from CFD trading are not considered capital gains or losses. You make a profit or loss whenever you close a trade. If you transfer money in or out of your trading account it has nothing to do with your profit or loss relating to trading and as such are not taxable. You simply would simply total up all your profit trades (...


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There are two separate issues here. Realised vs Distributed, Revenue Gain vs Capital Gain. The two links that you linked mainly concerns Revenue Gain vs Capital Gain. In both Revenue Gain and Capital Gain: Note that this only applies to a loss you get from disposing of investments – not where you have made a 'paper loss' on investments you continue ...


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"Certain vehicles (with a gross vehicle weight rating above 6,000 lbs. but no more than 14,000 lbs.) qualify for deducting up to $25,000 if the vehicle is purchased and placed in service prior to December 31 and meets other conditions." "In general The cost of any sport utility vehicle for any taxable year which may be taken into account under ...


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