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Recent Refund questions

I'm wondering if you have to pay tax on labor in NY and NJ?

Hi. I'm wondering if you have to pay tax on labor in NY and NJ? Specifically, we used a bus company and they are charging tax for on site coordinators that arranged the buses (not the drivers).JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: No, that is it.

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Mark Taylor

Certified Public Accountant

Masters

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404 satisfied customers
I've been a 1099 employee months, and I haven't had any

I've been a 1099 employee for 3 months, and I haven't had any taxes withheld. I'm trying to figure out how much money I should be withholding from my paychecks going forward so that I don't owe money at the end of the yearJA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: My salary is 35000

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Mark Taylor

Certified Public Accountant

Masters

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404 satisfied customers
I just had a question regarding my son who we have both

I just had a question regarding my son who we have both determined he will claim himself since he is no longer a full time student... What would happen if he put zero. I know the correct way is to put 1 (himself) but he asked what would happen if he put zero. thanks again Dee.

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Mark Taylor

Certified Public Accountant

Masters

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404 satisfied customers
I was contacted by Travel Marketing World with a buyer weeks

I was contacted by Travel Marketing World with a buyer for 10 weeks of my timeshare in Cabo San Lucas. Money went into an escrow account at Bancomer in Mex. Colonial Title is handeling the closing but so far I have paid $3500 to resister in Mx as a US citizen receiving money for a real estate transaction. Then I paid $3440 for SAT tax which I was told now needed to be paid up front. Now the are requesting $3500 for a S.R.E. Permit. Each time matching money is put into the escrow account to reimburse these fees by the buyer. Are these fees legit I get a statement showing the money in the escrow each time but i am becoming worried

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Richard

Owner

Doctoral Degree

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46,316 satisfied customers
A friend filed MFJ in 2014. They had a refund which they

A friend filed MFJ in 2014 . They had a refund which they left for the following year. The estranged husband filed MFS 1st and claimed all the refund. Is there a solution or some kind on income based calculation that she can use for her share. Or is it to late? There was no previous agreement. They are not legally separated. Just seems wrong to me. Chris

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Robin D.

Vocational, Technical or Trade School

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20,638 satisfied customers
IRS refund check was not cashed years and now I found it.

IRS refund check was not cashed for many years and now I found it. What form can I use to have the IRS reissue it?

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Robin D.

Vocational, Technical or Trade School

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20,638 satisfied customers
I just found out that i owe unemployment from 6 years ago, i

i just found out that i owe unemployment from 6 years ago, i found out because i didnt receive my fed income refund this year. i never received notice of any of this. i rememeber after i had gotten a job i would call the automated system and input all my info. they would still send me benifits. i thought this was still coming because i wasnt making as much money at this job like i was at my last job. they say i owe them 10,650 from 6 years ago. how can they do this? what can i do?

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Robin D.

Vocational, Technical or Trade School

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20,638 satisfied customers
G. It is me again. We spoke about my situation in April or

Hello Stephen G. It is me again. We spoke about my situation in April or so and I have not taken the 401(k) deduction because I am still pondering the tax ramifications. So, I want to run the scenario by you and see if I have an understanding or not.If you remember my husband had a health issue and stopped working this year. He did receive some disability, accrued sick and vacation pay but his total income for 2016 will be substantially lower than years past.I have our taxable income figured close to this: My income $57,000, his $33,000 for a total of $90,000 estimated.I want to take $125,000 out of my 401(k) to get rid of our debt. That would take us to income for the year of $215,000.If I understand correctly, it would go something like this: $215,000 minus $25,000 (the 20% penalty from 401(k) deduction) taking it down to $190,000 minus an additional $6,000 of regular yearly deductions, so taxable income for 2016 being $184,000.That will put us up into the 28% tax bracket so I would multiply $184,000 x 28% and the tax I would have to pay with my 2016 return would be $5,152.00.Hopefully I have given you all of the information for your answer. But am I correct and is this what I can reasonably expect to have to pay with the scenario I have presented?Thank you.

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Mark Taylor

Certified Public Accountant

Masters

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404 satisfied customers
Form 941 of 2015 and first quarter of 2016 were filed with

Form 941 for all of 2015 and first quarter of 2016 were filed with incorrect EIN. IRS says to use 941 to make corrections but the form does not address the problem of an incorrect EIN. Any suggestions as to what other form I might use.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: No. The w2s and w3 for these periods all have the correct EIN

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Dr. Fiona Chen

President

Ph.D.

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82 satisfied customers
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