Each project will be approx $4000 (computer programming work). I have a full-time job and I’m going to do this work on the side during the weekends. Is there anyway to give the government their cut after each job? I hate trying to put money away to pay for taxes not knowing [...]
Continue reading...Tuesday, February 9, 2010
I am a single with no dependents as far as tax stuff goes. If I get a job, how much of my paycheck will go towards paying taxes in Arizona and Federal taxes? I want to try to calculate how much money I would be earning.
Continue reading...Friday, February 5, 2010
An accountant who handled taxes did not report the taxable income correctly. Clients actually owed taxes but did not realize it. The IRS notified them a year later. The IRS is billing for the taxes owed and a near $2000 penalty which includes interest. Is it ok to sue the accountant for the penalty?
Continue reading...Thursday, January 28, 2010
I have a CPA file my taxes by e-file. I then get a check in 2 weeks. What category will I fall into on the stimulous returns, the first ones out or the last ones mailed?
Continue reading...Monday, January 18, 2010
In my new job, I will be receiving a one-time bonus of $3,500.00. All appropriate taxes will be withheld for this supplemental income. Because some of the costs associated with my move may be tax deductible, I was wondering if I could get additional information regarding tax reporting where I could write off [...]
Continue reading...Thursday, January 7, 2010
1)If I decide to invest in those two, what are the tax implication? 2)How do you pay for taxes for these when they are matured? IS there a way of reporting it? 3)How?
Continue reading...Wednesday, December 30, 2009
I want to take a flight to London this summer and found a deal for $229.00. Sounds good until I was told that the taxes are $518.00. Then pay for baggage and governnment taxes on top of that. What exactly are these taxes paying for that it can take a flight from $200 to $750? [...]
Continue reading...Monday, December 28, 2009
If i were to buy a company for 10 million financed with loans, then over time pay off the loans, and then sell the company for 10 million, do I pay taxes for the business considering it was sold for the same as purchase amount? What if i sold it for 20 million? Will only [...]
Continue reading...Saturday, December 26, 2009
My dh started working for himself at the beginning of this year. He has never worked for himself before. All the tax information states to estimate based on last years taxes but he makes a totally different amount this year and its not steady income. How do I estimate how much to [...]
Continue reading...Friday, December 11, 2009
My husband and I filed jointly and owe taxes for 2007. We are on a payment plan and will not finish paying it off at the time the rebate checks get sent out. I understand that if we do qualify for the rebate, it will be applied to the amount we owe. My question is [...]
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Monday, February 15, 2010
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