TaxConnections

Ask Tax Question
Can You Deduct The Adoption Fee Of A Pet If It Went To A 501(C) 3?
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

The cost of adopting a pet from a 501(c)(3) is not deductible to the extent the fees cover care and getting of the dog. If the adoption fee includes a donation to the charity that part is deductible. Make sure you...   Read More
What Is A Savers Credit? My Husband And I Have A Combined Income Of About $100,000 As We Both Make Around $50,000. Are We Eligible For A...
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

The savers credit is for people who contribute to a retirement plan, however, the income phase out is relatively low. The idea behind the credit is to get people in the lower income brackets an incentive to...   Read More
Do I Need To Report My Roth IRA Contributions On My Federal Tax Return?
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

If your income is low enough for the Retired Savers Credit you will report the amount of you Roth contributions on the form 8880. Otherwise it doesn't go on the current year return. It is important you keep track...   Read More
How Do I Recover FICA Taxes That Were Erroneously Withheld By My Employer? I Have Two Employers And Met My Limit With My Primary Employer...
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

Since the over withholding is from multiple empyrean I have good news. The easy way is your path. You recover the excess SS withholding straight on the refundable credits portion of your income tax return. This add...   Read More
If A Co-worker Wants To Deduct Vacation Time To An Active Duty Military Person, Who Is Taxed On This?
User Photo Steven Potts JD EA IAR
Tax Professional Level: Tax Enthusiast

Whether it is to an active duty member or to a co-worker, in organizations that allow you to give some of your PTO (personal time off = vacation time + sick pay) to another employee, the person who utilizes the...   Read More
Is Military Differential Subject To FICA Withholding? How Does This Affect My Social Security Benefits?
User Photo Steven Potts JD EA IAR
Tax Professional Level: Tax Enthusiast

For purposes of Social Security coverage, section 209(a) of the Act defines wages as “remuneration…for employment” and section 210(a) defines employment (in part) as “any service…performed…by an...   Read More
I Have An Active Duty Employee In The Middle East Who Is Receive Military Differential Pay. What Do I Need To Know About Reporting These...
User Photo Steven Potts JD EA IAR
Tax Professional Level: Tax Enthusiast

The HEART Act (Heroes Earnings Assistance and Relief Act of 2008) provides that, for purposes of income tax withholding, any differential wage payment is to be treated as a payment of wages by the employer to the...   Read More
If I Am A Non Resident Alien Working In The United States, Am I Responsible For Self Employment Tax?
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

Depends on what type of visa you are on, where the visa is from and how long you have been and plan to be in the US details please.   Read More
As A Visiting Professor Teaching Students Another Language, I Am Here In The United States For Six To Nine Months. Am I Required To Pay...
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

Depends on the type of visa you are on and what country your visa is from. More info please.   Read More
What Are The IRS Requirements For A Depreciation Deduction To Be Allowed For My Business? What IRS Form Is Used To Report Depreciation On A...
User Photo John Dundon, II EA
Tax Professional Level: Tax Wizard

IRS Form 4562 found here -> http://www.irs.gov/pub/irs-pdf/f4562.pdf Instructions found here -> http://www.irs.gov/pub/irs-pdf/i4562.pdf Also check out IRS Publication 946 on how to depreciate property found...   Read More


Meet Leading Tax Advisors

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

Log into Tax Connections

Not a member?    Register Now For a Free Account
I've forgotten my password

INCREASE KNOWLEDGE WITH EVERY ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today