Join the 9 million people who found a smarter way to get Expert help

Recent Tax Credit questions

I have a two-part question regarding taxes. I have been

Hi - I have a two-part question regarding taxes.I have been self-employed Jan - Aug 2016, total income 91,132.00Estimated taxes paid Q1 - Q3: Fed 9,100; GA 1,400 eachNow, as of Sep 2016 salaried employee with annual income 114,000.Question 1: would it be prudent to pay the estimated taxes for Q4 just in case (withholdings with new job is 1 each)Question 2: I have been funding a SEP - to-date 15,000 - can I put another 5,000 since the 401K with the new company is not available until Jan 2017?PS: I do not have an IRAMany thanks,Vera

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,772 satisfied customers
What are the tax advantages to marriage? My married friends

What are the tax advantages to marriage? My married friends are telling me they actually end up paying more in taxes because their spouse's income is now combined with theirs putting them both in a higher bracket.

Read more

TaxRobin

Vocational, Technical or Trade School

21,234 satisfied customers
I make 2995.20 every two weeks am married and claim 0, I

hi, I make 2995.20 every two weeks am married and claim 0, I don't want to owe taxes at the end of the year. should I have more taken out? no childrenJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: hi, I make 2995.20 every two weeks am married and claim 0, I don't want to owe taxes at the end of the year. should I have more taken out? no childrenJA: Is there anything else the Accountant should be aware of?Customer: no that's it. I just want to know how much I should be taking out per check, thank you

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,772 satisfied customers
I have an investor from Argentina buying two investment

I have an investor from Argentina buying two investment properties in the U.S.Does he have to pay income tax in both countries?

Read more

TaxRobin

Vocational, Technical or Trade School

21,234 satisfied customers
How to add goodwill to exisiting c corp, Selling a business

How to add goodwill to exisiting c corpJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Selling a business goodwill but have no cost basis on books from prior accountantJA: Is there anything else important you think the Accountant should know?Customer: journal entry

Read more

Mark Taylor

Certified Public Accountant

Masters

1,278 satisfied customers
Client has foreign income half year, half year had work

Client has foreign income half year, half year had work permit and earned income in the usaJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Client had income half year in Mexico filed his taxes there. Half year had work permit and he wants to file in the usa since he has a social secuirty.JA: Is there anything else important you think the Accountant should know?Customer: since he will be working in mexico again next year... is there a way for him not to pay taxes here and shoould we get an itin for his family who lives in mexico but he supportsJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,772 satisfied customers
Can you give me an estimate of how much of tax credit we

Can you give me an estimate of how much of tax credit we would get by buying this Tank-less Water Heater? http://us.navien.com/Content/AttachedFile/Homeowners/2015-2016FEDERAL%20TAX%20CREDIT.pdfMy wife and I earn about $180k combined.

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,772 satisfied customers
My sister is trying to do her taxes, and the only income is

My sister is trying to do her taxes, and the only income is alimony, she wants to know why she has to pay state taxes at 439.00 and she has two dependents? total alimony for 2015 is $30,840. thanks,

Read more

Lev

Retired

Bachelor's Degree Equivalent

24,192 satisfied customers
Does Presumptive Taxation scheme exist in the US

Does Presumptive Taxation scheme exist in the US for small businesses? If yes, what's the eligibility?

Read more

Lev

Retired

Bachelor's Degree Equivalent

24,192 satisfied customers
View more finance questions
In The News