state i will telecommute for 3 weeks out of the month and be onsite for one week.
Answer: The first test is whether or not you’re a US person. This means if you’re a US citizen or resident alien. If yes, then you are taxed on worldwide income and can have a filing stipulation […]
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thx for your time
Answer: A tax that’s one that's the same for people of all incomes. The US has a progressive income tax, which means the more money you make, the higher the % in taxes you pay.
Answer: Besides being the same percentage for all taxpayers, most flat tax plans provide for few, if […]
Well, as you know, there are thousands people who's selling stuff on ebay and there are hundreds people who can make enough money for living just by ebay.
But one thing that I'm wondering right now is how do they pay for taxes.
For example: If I could sell about 5 laptops in a month ($2000/each), I'd […]
Ours are to be paid in two installments, due in June and September. We haven't paid the June installment yet. What would happen if we wait until September, and then pay the whole amount? Are there late charges? This has never happened before, because we used to have them in escrow […]
I’m a college student that’s 20 years old. I am a dependent by the standards of the IRS because my parents pay for my college and I don't meet the criteria on FASFA/FAFSA (whatever) to be independent. I didn't receive a stimulus check and neither did my parents. One of us should have shouldn't we? […]
I did file 2007 tax returns (Joint filing - Spouse not working). My spouse and I are having SSN. My daughter is not born here, so I also did apply for ITIN for daughter while tax filing. Tax filing was done prior to April 14th 2008. The tax filing and ITIN request form were […]
we were scheduled for 4th of july batch and still we havent received anything we got our letter on the 2nd but still no check does anyone know if this problem is happening to others as well or should we call the i.r.s
Answer: Try to be patient. Holidays mess everything up. If you got your […]
I owe the IRS in taxes and went on a payment plan. However, they recently took close to $4,000 directly out of my checking account without my consent and without notifying me! It resulted in a $1,800 overdraft of my account… and I had to pay overdraft fees! The bank wouldn't even […]
I am the lone shareholder of an Oregon C-Corporation that was established in 1996. If I sell the assets of the corporation — which would leave the corporation with several hundred thousand dollars in cash — can I sell my shares back to the company and simply pay capital gains tax on my shares… […]
I am setting up a payment plan but agreeing to the amount owed on the audit. Do I still have to fill our the 433-a?
Answer: Not normally unless you owe more than $25,000.
Answer: IF you’re accepting the amount IRS proposed for you to pay per month then you don't need to file Form 433-A.
IF you […]