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My question is about internet sales tax, I have a small
my question is about internet sales tax, I have a small business in New Mexico of which 90% of my orders are internet based out of state or phone orders from another state. Since I have only one locat… read more
Barbara
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I have a question on itemized deductions. I purchased a
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I need to file current and back taxes for someone who
I need to file current and back taxes for someone who experienced a catastrophic accident in 2011 and incurred some pretty high medical expenses (over 200k) since then. Specifically, I have three years of back taxes (2014, 2015, and 2016) to file and 2017 taxes. I did not worry much about 2014 & 2015 taxes being overdue because, given the high amount of medical expenses paid to health care facilities, I knew a refund was due for 2014 and 2015. However, 2016 is not as straight forward because those expense were for home health care. In addition, in 2017, a settlement was received, and my understanding is that the full amounts that were already deducted for medical expenses in 2012 and 2013 must now be included as income on this years taxes since there is no allocation for the settlement. Here's what is unclear to me: (1) when the back taxes for 2014 and 2015 are filed, can the medical expenses still be deducted for those years since the settlement wasn't received until 2017, as that would ensure a refund would be due for those years and penalties could be avoided? (2) Even if some of the home health expenses can't be deducted for 2016 and taxes are owed, if refunds are due from 2014 and 2015, would that reduce the amount considered overdue for 2016, thereby reducing the amount on which penalties are calculated? (3) Assuming 1 and 2 above are possible, must the entire amount deducted for medical expenses from 2012 - 2016 be included as income on 2017? Note: By "entire amount," I'm referring specifically to medical expenses related to the settlement, I'm assuming other medical expenses that aren't related to the accident do not need to be repaid. Please correct me if I am wrong. … read more
Robin D.
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Vocational, Technical or Trade School
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Do you have to pay sales tax on labor in new mexico. Just
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Tax.appeal.168
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I understand that the State of New Mexico has a 5.125%
I understand that the State of New Mexico has a 5.125% "Gross Receipts" tax for businesses ("including professional services" is what I'm told). Are there any exemptions? I've tried to decipher the st… read more
Robin D.
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I have found out that my CPA filed a 706 estate tax and had
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. I have just had a gross receipt audit that wants me
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On my invoices does my Company charge my cities gross receipts
On my invoices does my Company charge my cities gross receipts tax rate or does my company charge my customers city gross receipts tax rate?… read more
Megan C
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In New Mexico, when I file for mileage and per diem do I have
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Robin D.
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Hi, I have a question regarding Gross taxes. I am supposed
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Gabriele (my significant other for 10 years, not married) travels
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Lev
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I was a developer and a design build contractor in New
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I have a small real estate rehab business. I buy houses, fix
I have a small real estate rehab business. I buy houses, fix them up and sell them to end users. I am looking at the city of Oakland (California) business tax rate table: http://www2.oaklandnet.com/w/… read more
Lev
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Im being asked to pay 2005 and 2006 gross receipts tax in
I'm being asked to pay 2005 and 2006 gross receipts tax in New Mexico, but I am an independent contractor (not a business owner) working for online websites. None of my clients are NM based, nor do th… read more
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my wife is a consultant & pays quarterly GRT on her gross revenues.
my wife is a consultant & pays quarterly GRT on her gross revenues. do we file jointly & include her income with mine?… read more
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My mortgage interest is now small enough that I am ...
My mortgage interest is now small enough that I am considering itemizing every other year and so in the spirit of trying to maximize my deductions for every other year I was thinking of paying extra o… read more
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My husbands mother came to live with us in February
My husband's mother came to live with us in February of 2007. She has been diagnosed with Alzheimer's and cannot live unassisted. She collects just over $800 per month in SS benefits and receives an a… read more
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Is unincorporated Harris County subject to a GRT (Gross ...
Is unincorporated Harris County subject to a GRT (Gross Receipts Tax) on electric, telephone or natural gas bills? I understand this tax is allowed by the state for cities to charge based on utility c… read more
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