 About to start work as a tax preparer.? |
Hi, I'm about to start a job as a tax preparer for a small firm. It's been awhile since I've done individual returns. I don't exactly remember what software he uses.
A... |
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 Can a credit card company threaten to take the money you owe them from your tax rebate? |
| Capital One Bank - sent a letter by mail, threatening to take the amount owed from my taxes, tax rebate.... |
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 No stimulus check yet and not understanding why.? |
| Was supposed to get our check on 5/9 and still nothing. We mailed our return in, didn't have any fees removed and it wasn't rapid refunded. We received our normal refund the other day so ... |
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 Hi I have a question about Holiday Pay and whether or not i'll be able to claim it since i'm quiting work soon? |
| Basically I had a part-time job working in a bookmakers since the beginning of the year, and I have never received any holiday pay. I'm giving the job up next week so should I be able to request ... |
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 Can you claim your hair and nails on your taxes? |
| a friend told me that you could and I was just curious because if you can that is not even ... |
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 Council tax in two homes? |
| iv got my own home but staying with my partner,and im on both c/tax. what shall i do?... |
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 Is it illegal to file taxes as joint, and forge the other persons name on the return and send it in No refund? |
| Were divorced in May. He had to pay a lot in taxes filing single, so let him file joint to give him a break. I never signed the return, even though he still had to pay in but, less. Is that illegal, ... |
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 Child Benefit Lost Cds- Letter? |
Hello
Everyone in the uk should know about the lost cds by now. HMRC are now sending out letters to people.
If I dont receive the letter does that mean that my details where not lost?... |
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 Ho long does it take to get a p45? |
| i have left my old place on the 1st of may, i still havnt recieved my p45!!... |
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 What is best to file 0 or 1 when they take money out of your paycheck? |
| I am claiming 0 right now and they take a lot of money out. I have never owed when claiming this and get back about $1,000 when I do my taxes. Is it smart to switch to 1 so they take less out? Of ... |
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 Will I get in trouble with the IRS if I've been married for 1.5 years but my W-4 status is still "Single"? |
| I filed my 2005 taxes "Married filing jointly" without changing my marital status on my W-4 from "Single."... |
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 How do I claim back overpaid tax? I want to claim for professional subscriptions and laundry expenses.? |
| I work for the Health Service and am allowed tax relief on my professional subscriptions and laundry expenses. I know that you can claim these back retrospectively and there is a company willing to ... |
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 Just got a $1000.00 bonus versus a raise - which is? |
my boss mentioned she was giving me a raise after tax season and I received a bonus of $1000.00 instead...how should I approach her on this? I think in the long run, a raise is more
beneficial ... |
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 I want to give a cheque to someone which is more than Rs. 50000. Do I need to pay tax on this? What fomalities |
| I want to give a cheque oof more than Rs. 50000. What are the fomalities I need to comply with as the amount will be more than Rs. 50000.... |
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 Canada ONLY: What if I refuse to pay My income tax? |
Hello everyone,
Im a resident of New-Brunswick, canada,and so this question applies only to canadians.
Ive just calculated my income tax and it seems I owe them about 1600$ (because they ... |
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dloui | Advice for avoiding owing taxes in 2008? |
We are sick of owing around $3000 in taxes! The so called tax reform did us absolutely no good - we owed more this year, and our bracket did not change. Taxable income, around 120,000 - standard deduction, no mortgage interest to claim. Each of us claim 0 deductions from work, even though we have 2 kids. We do have interest income from trying to be good savers, which at 25% tax rate would account for some of the taxes owed --- but only about 1/2. If we could take the child tax credit, it would look good - but we are over the limit for that. Tax time is a real downer around here - any advice in planning for 2008? |
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Gabbygirl
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I had the same problem a couple of years ago, I had my taxes done by professional tax preparers and I thought I would be getting back at least a thousand or more in refunds,I was so very disapointed and aggravated, I actually had to pay in a couple of thousand. I look at it this way, when you go to these type tax preparers, they say" hey ,looks like you have some extra income this year,looks like your gonna have to pay in.These people work for the government, they are just as dishonest as anybody else, they don't allow you any extra loopholes, to save you money, let alone bothering to tell you about it and any extra monies that you thought or were anticipating getting back, will always end back up in their pockets.
For the last 2 years I do either Turbo tax online or Tax act online, they give you many more options as far as finding and using those loopholes and they walk you right through it, step by step, its so easy, really. Needless to say, I was able to get back a nice sizable refund, as compared to the latter years of having to always pay in.
The whole sad truth here though is that you just can't ever get ahead, the IRS drains the very essence of your life out of your bank account. And they just don't care, I know one thing though, now I see why many people choose a second job off the books for cash, or work totally for cash, because the IRS enjoy us supporting their high paying jobs for one and they actually push people to become dishonest for those reasons, mainly because most people are just trying to get by these days and struggling due to inflation of many things like gas prices. Instead or rewarding people for working harder and longer hours trying to do the right thing, the IRS takes it away from you and slaps you on the wrist.
Hope this was helpful, and thanks for letting me vent about the dreaded IRS. |
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artistagent116
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Speak to the Human Resources department at work. He/she can arrange to have a little bit of your income with-held each pay period. You will then have much less to pay at the end of the year. Tell them how much you must pay each year and he/she can calculate how much to with-hold.....they do this all the time.
Hope that helps. |
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HandyDan
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Assuming that you are completing your return correctly and are not incurring any penalty for under-withholding, why do you consider this a problem?
You have the use of the money during the year rather than sending it to the Treasury. |
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Numbskull
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Designate a cash amount to be deducted from each of your paychecks during the year, to go towards paying your income tax for that year.
Depending on the amount you chose to deduct,your 2008 tax bill will be substantially less,completely prepaid or you could even be due a refund. |
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Audrey V
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idk |
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Brian J
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Actually, as long as the additional taxes you owe at the end of the year don't result in any penalty, I wouldn't do anything any differently. It looks like you're saying that you want to pay the IRS the money you owe them during the year. Why do that? Why give the IRS an interest-free loan during the year. Why not hold onto the $3,000 yourself during the year (like you're doing now), invest it during the year, keep the income it generates, and then pay the $3,000 to the IRS as late as possible. (Just as long as your underpayment isn't so severe that you have to pay a penalty.) |
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iamlgnd
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Talk to an accountant or bankruptcy lawyer, it might be a small fee but will save you from the headaches. |
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Holly
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You make 120,000 and pay 3,000? Damn I make 12,000 and pay around 2,400. WTF |
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Fancy That
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Buy a house (if you don't have one already) and make contributions to your 401K, ira or roth accounts. That will lower your taxable income. |
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