Ask Tax Questions
Kathryn MorganTax 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
0
0
Kathryn MorganTax 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
Kathryn MorganTax 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
Kathryn MorganTax 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
Steven Potts JD EA IARTax 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
Steven Potts JD EA IARTax 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
Steven Potts JD EA IARTax 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?
Kathryn MorganTax 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
Kathryn MorganTax 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
John Dundon, II EATax 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
