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21

No to both. The deposit refund is not taxable, but in states where security must earn interest, that small amount is subject to tax. I just returned a $750 deposit to a tenant, and after a year, it accrued $0.24. A rebate of fees you pay such as ATM fees is just you getting back your own money. As is "cash back" on credit card purchases. Not taxable.


8

The rebate amount is a non-qualified distribution: IRS Pub 969 describes how the HSA works: Reporting Distributions on Your Return How you report your distributions depends on whether or not you use the distribution for qualified medical expenses (defined earlier). If you use a distribution from your HSA for qualified medical expenses, you ...


7

Section 11042 of H.R. 1, the 2017 tax bill, is titled: SEC. 11042. LIMITATION ON DEDUCTION FOR STATE AND LOCAL, ETC. TAXES. If you read the language of that section, that is indeed the section that limits the SALT deduction, a provision that was subject to much political debate. Before enactment of HR 1, you could fully deduct your paid state and local ...


6

Per IRS Private Letter Ruling 141607-09 : "The portion of the credit card purchases that Taxpayers can either receive back in cash or request Company to pay to a charity does not constitute gross income under § 61" Your cash back should be considered a discount which would go into a contra-expense account when received by you.


5

The tax year ran from 6th April 2014 - 5th April 2015. So it's now past the "start of the new tax year on 6 April", and the second statement seems perfectly correct to me, even if the tenses are a bit funny. You know for a fact that she hasn't gone back to work before then. From what I understand of the purpose of this form, they are willing to repay tax ...


5

No, it doesn't look like you can use the employee benefit to pay for parking near your home. The definition for "qualified parking" is in the Internal Revenue Code Section 132 ("Certain Fringe Benefits") (f) (5) (c): (C) Qualified parking The term “qualified parking” means parking provided to an employee on or near the business premises of the ...


4

Rent deposit returned to you is not an income. Its your money to begin with. The homeowner is taxed on taking it and can expense the refund, but for you - there's no taxable event. ATM rebate is what it is - rebate. A cash discount over the money paid. Basically - the bank refunded you a fee you paid (ATM rebate is a refund of the ATM fee you paid to a ...


3

This is probably a sideways reference to 26 U.S. Code § 408 - Individual retirement accounts, the laws governing IRAs and contributions made under that heading. The rules associated with IRAs are well publicized, and any reputable tax preparation service will take your IRA contributions / withdrawals into account when filing your tax return. Regardless ...


3

Your best bet would be to contact Newegg. A brief search on Google for "Can I cash an expired rebate check?" returned mixed results. Some say that you can't. While others say they have been able to. So your best bet is to contact Newegg - or just take them to your bank to deposit, the worst that can happen is the bank says they can't take it.


3

The tax code has a choice. If you itemize, you had a choice of taking your state tax or sales tax, but not both. The ad copy is offensive, like some of Motley Fool ads posted here, it has a remarkably low signal to noise. Given how many returns are filed each year and what fraction of those itemize, the potential deduction only applies to the limited few, ...


3

Your wife stopped working in November 2014. The tax year finished on 5th of April 2015. This form is now useless for you, because it is for people who try to get money back in that tax year, so that form would only have been useful before April. However, it's not a problem at all. She'll get the overpaid tax back easily by filling out a normal tax return (...


3

So, if I understand the investment program here: You have $100 of tax withheld from your salary at the end of Jan, Feb, Mar... until December. This withholding is in excess of the expected tax for the year. You use the appropriate H&R Block product to file your taxes, and H&R Block gets your refund of $1200 on March 1st. H&R Block adds 10& ...


3

They were kind and let you extend the repayment time on the loan. But that does mean additional interest accumulated during that additional time. You agreed to this; you can't change the contract now. What you can do is find the money to pay off the loan faster, to reduce the total amount of interest you'll be charged.


3

I suspect they just want to know about any benefit or state pension payments she might have received, and they don't mean that you definitely would have anything, even though the wording does imply that you should have either that or a P45 from a pension provider. As I mentioned in my other answer, given that the tax year has now finished, the procedure for ...


2

I'm thinking about visiting the UK and I'm wondering which things are affected by the VAT and which are not. Most consumer goods are subject to VAT at the standard rate. Most food sold in shops is zero-rated, with the exception of a handful of luxury foods. Food in cafes/restaurants and some takeaway food is subject to VAT at the standard rate. Most paper ...


2

Not so much a scam, if you fill the required paperwork and actually take time to mail it in assuming it's done correctly; you will get your money. That being said, having a mail-in rebate program is usually a win-win for the seller. While they may have to pay a small fee to a third party who handles the rebate almost always this influences a potential buyer ...


2

While this question Can I get a rebate after using my HSA? mentions Health savings account the answer is still applicable. Go to the website for the plan administrator. They will either have a form to put the money back into the account, or they will have a contact number. In the past when I had an FSA I did this. In one case I remember the doctor told us ...


2

I guess you are talking about TDS by your employer. Yes this is possible. Check with your company for details, some require the declaration early and have a defined window for proof of investment.


2

No, you cannot deduct it. There's no business substance in such a trip, it is your vacation, and as such cannot be claimed as an expense against the rental income. You may be able to deduct the coffee you buy for the meeting with the property manager while there, but there's no way you can justify a 7-10 days vacation with your whole family as an expense to ...


2

As recommended by A.K. I do monitor this as a contra-expense, however I use the 'Expenses:CreditCard:Interest' account for this purpose (in addition to any interest accrual). This helps me see the total cost of the credit card as interest minus rewards. If you don't pay any interest, you'll just see rewards/cash-back and can easily calculate the effective ...


2

Your main recourse is against whoever's issuing you the rebate. They have a legal obligation to cause you to have the money in your account; that third parties are failing to cooperate does not relieve them of that obligation. If you paid by a credit card, you have 60 days for a chargeback, so that's some leverage. Otherwise, you'd have to sue, and filing a ...


1

The American National Standards Institutes recommends but does not require, banks to use E13B font in magnetic ink. All banks are permitted to refuse checks not printed on the MICR line in magnetic ink. Home printers are not compatible with industry standards. I do find it surprising that they said it wouldn't be accepted for deposit by image, but if the ...


1

Contact the pool and ask. Be prepared to give them exact specs on your panel. Note that you will require an inverter specifically designed to connect safely to the grid, and your local electric company will have to be able/willing to set you up for net metering.


1

If you and your wife are owners, your tickets might be a business expense against the rental income. 'Might' as in the IRS will be happy to audit you, seeing the kids went as well and prorating the expense as say 25% was really business, the rest, family vacation. If this $4000 write off is the make or break for this deal, don't do it.


1

You can check this website: http://www.zorgkeus.nl/ It asks you some basic questions about how much of a deductable you would like, whether or not you would like dental insurance and so on. You should be able to use Google translate to help if need be. As for the health insurance subsidy (zorgtoeslag), the above website says the criteria to receive it are:...


1

Source:- Registering for VAT You must register for VAT with HM Revenue and Customs (HMRC) if your business’ VAT taxable turnover is more than £82,000. You can register voluntarily if it’s below this, unless everything you sell is exempt.


1

Generally, you're only supposed to claim from FSA the amounts you actually paid. The rebate reduces the costs, so it should also reduce the amounts you claimed from FSA. That would make the rebate "after-tax" money. However, in reality, many people "cut the corners" and double dip by submitting the full receipt to the FSA and getting a rebate. That would not ...


1

Coincidentally, I read about this a week after the OP's question, in a Toronto Star article from the April 30, 2012 newspaper. The article is "Make sure you know the HST rules if you buy, or it could be costly" by Mark Weisleder. I couldn't find the exact article online (though it might be found here in the future), so I quote the following excerpt from my ...


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