 How bad is it (RE: TAXES) to live in New Hampshire and work in Massachusetts? |
| If I were to take a job in Eastern Mass (Boston Area) but actually live in Southern New Hampshire, how bad would that screw me in taxes (income, personal, etc.) if at all? FYI - I'm married and ... |
|
 I received a letter from the IRS asking me to file taxes for 2004 but I can't find my 1099 help!? |
I can't find the 1099 I received for that year (I'm an independent contractor) how do I get the 1099 for that year so that I can file?
Additional Details
and I have no way of ... |
|
 Is this tax fraud - revised? |
| I want to be considered as a co-owner with my bf's business. We have not filed any 1099's but will suffer penalties if we must. I want to claim that I paid myself a salary of 27k which is ... |
|
 Married filed jointly - economic stimulus payment in one check or two and based on who's SSAN? |
| My husband and I filed jointly on our 2007 tax return. I am wondering if we'll get one economic stimulus check for each of us- or will they be sending it lumped into one check? Also- there'... |
|
 I made $6000 on self imployment this year, how much is the limit to file tax for self imployment? |
| should i still file tax for this gross income? i worked as a contractor to make this amount? i don't have any other income beside this $6000. i would really appreciate if some one answers this ... |
|
 If there's a law for taxes...how do you explain this? |
copy and paste this link or visit http://www.freedomtofasc
watch the video!
http://video.google.com/... |
|
 Can someone claim you on the tax return as their dependent without your permission? |
My husband recieved this letter yesterday
We're sending you this letter because you need to make sute you are not someone's dependent.
We're asking you to do so ... |
|
 Has anyone received their direct deposit for the Tax Stimulus Rebate yet today like Bush said we would be? |
| My social # falls in the first category. I would think it would have been deposited first thing in the morning. Anyone have any idea?... |
|
 How much money do you have to make in a year to need to file something with the IRS? |
| I've made all my money via independent contracting and AdSense on my web sites, so it's all self-employed. I don't think I've made enough to need to file something, but I figure ... |
|
 I'm a little confused with my paycheck..it was $277.87 and I worked at least 60 hours being paid $7.147 per hr |
Is that correct?
Additional Details
-3 weeks of work
-single
I know I should have gotten paid last week, but when I started working I was working the week after people ... |
|
 Minor Federal Tax? |
I'm a minor and work as the front desk manager at a doctors office and make about 500 bucks a week.
I'm on an automatic payroll service and they deduct federal taxes from my ... |
|
 How can I get a refund on taxes I overpaid? |
| I received a letter from a CPA saying I overpaid $500 in taxes last year and that they can get it back for me. However, they will be charging half of the refund amount. I am wondering if I can do ... |
|
|  |
Pierce G | Do I Need To Pay Estimated Tax On My Partime Business If I Have A Job? |
I'm starting an online mailorder business from my house..I will have no employee's.will i have to file estimated tax or can i just file before April 15? |
 |
 
Bob F
|
If you are starting this time of year and you have a job in which you have at least enough tax withheld to typically break even at tax time, I would say you can skip the estimates this year, but I would plan to do them next year when you have a whole year of your side income.
One of the ways to avoid the penalties others have told you about is to make sure you have enough tax withheld from your job's paychecks to pay for LAST year's total tax liability. So if you worked the same job both years and you make the same or more money this year, that will cover you. You may owe tax for your new business when you file, but no penalties that way.
Next year you should do something to pay in. The IRS doesn't care how they get it - just so they get their share in the quarter in which the money was earned. So you could always just bump up your withholdings from your job - drop to 0 allowances if you aren't already, or add a fixed amount extra per paycheck - by filing a new W-4 at your job.
|
|
J*Mo
|
yES. yoU sHOULD aLWAYS fILE eSTIMATED tAXES |
|
Judy1
|
Depends on how much you make. If you expect to owe $1000 or more when you file, including self employment tax on the part time business, then you need to make quarterly estimated payments or risk being penalized when you file your annual return. |
|
Michael R
|
Judy is correct. It depends on how much you make with your part-time business. Consult a tax professional to see if you should be making quarterly payments. The goal is to owe the IRS less than $1000 during tax season or you will face penalties.
Bob makes a good point too. You could lower your allowances on your W-4 with your employer to stay under that $1000 mark. But that will only work up til a certain amount of income. |
|
John M
 |
If you underpay your income taxes during the year, by either insufficient withholding, or by failing to file a quarterly estimate tax or both, you'll be liable for penalties and interest. There used to be a one year delay in this kicking in, presumably to provide the owner of the business a year's experience in understanding what the cycle of revenue might be in that business, but I think I heard that was changed.
The safest bet is to account for your income each quarter, and unless you have a solid reason to believe it will be lower in subsequent quarters, pay in the estimated tax the first year as well.
Overall, the government expects the use of your money during the year, and will only allow you to pay in a portion of your tax liability the following april. A substantial portion of the tax must be paid in the year and end of quarter in which it is incurred.
Don't screw with the IRS. There are a whole lot of other angles you can work that won't blow up in your face as badly as an audit, even if you didn't do anything wrong. Audits are time consuming and expensive, factor in the probability of one before you get too aggressive with your tax filing. |
|
Kecia
|
If you have any income for your business, I would recommend it. Unless you are good at saving money (approximately 25%) my recommendation would be to fill out the form and submit it with the monies owed.
This would help you avoid having to come up with the total amount at the end of the year. |
|
Crispy C
|
Did It Take A Long Time To Capitalize Every Word In Your Opening Sentence? Yes It Did As It Is Taking Me A Long Time To Capitalize Every Single Flipping Word. You Are Out Of Your Tree Man. |
|
boohoo_Jebus
 |
Are you planning on making any money ? The ES form is only needed if you make money. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 4 minutes(s) ago
| | | |
8 | 10 minutes(s) ago
| | | |
8 | 37 minutes(s) ago
| | | |
8 | 54 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
8 | 9 hour(s) ago
| | | |
8 | 11 hour(s) ago
| | | |
8 | 2 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
