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I have an investment that is now paying me quarterly

I have an investment that is now paying me quarterly dividends. I received $40k in Jan and $90k in April. My job also pays me about $200k gross a year. Do I need to report and pay any estimated withholding on the dividend income?JA: The expert will know how to help. Is there anything else important you think the expert should know?Customer: no

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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I was married in Dec 2016 and I need to know: on the 1040 if

I was married in Dec 2016 and I need to know: on the 1040 if I check box 3 Married filing separatleyJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: does my W2 need to say married or single - and - If I file married filing jointly this year can I change it in another year when I fileJA: Is there anything else the Accountant should be aware of?Customer: because of the illness and death of my father in law my husband worked about 5 months I work as a CMA at a Dr office and make more then my husband

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,492 satisfied customers
Due to the nature of my job I am able to claim around

Due to the nature of my job I am able to claim around $34000+ in deductions year after year. Currently I claim 6 allowances on my W-4 and still get a refund back. At 34k+ in deductions, I can actually increase my allowances to 8 so that I break as close to even as possible at tax time...and I want to do this.However, Ive heard that if you claim 7 or greater allowances on your W-4 that you will catch the attention of the IRS (bc your paying very little in federal taxes throughout the year) and they will tell your employer to drop your allowance to 0. Is this true?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,492 satisfied customers
Need someone to look at the NJ withhold w4 form to choose

Need someone to look at the NJ withhold w4 form to choose the best tax scenario to take out less taxes before I start new job.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,492 satisfied customers
I am a pet sitter consultant & make about $12-$15,000/year.

I am a pet sitter consultant & make about $12-$15,000/year. My husband makes about $100,000/year & we file jointly. My husband says I should be paying taxes quarterly.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: My pet sitter friends claim I don't make enough to have to pay taxes. Who is correct?JA: Is there anything else important you think the Accountant should know?Customer: We live in NC.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,492 satisfied customers
I was divorced in march. I just remarried. My spouse is a

I was divorced in march. I just remarried. My spouse is a non resident alien with a daughter who is 9 and is a us citizen.I have to fill out my work tax forms- it says if you are married to a non resident alien to claim single.I claim 2/3 of my kids for my taxes.I am a home owner. How do I claim head of house hold if possible---But file married filing separately? I read that if I do this he has to report world wide earnings (none but bank interest) and I don't think he has much earned income this year here. He is working on getting green card reissued. He also has a ssn.Help! I want to make sure it's fine correctly the first time.Also- is he eligible to get benefits through my job? Hr says as long as he has ssn then yes.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,492 satisfied customers
First, we have used Turbo Tax to do our income tax returns

First, we have used Turbo Tax to do our income tax returns for last two years. For tax year 2015, we owed $6000 in taxes, which we paid when we filed our return electronically. But Turbo Tax said our estimated taxes due would be $1850 per quarter, instead of $1500.(which is $6000 divided by 4). I thought the estimated taxes were calculated on the amount due at the time of filing the return, which was $6000. Is this true?I am paying the $1500 amount, instead of the $1850, but not on the schedule exactly laid out by Turbo Tax, but by Jan 2016, the total amount (which will be $6000) of the estimated tax will be paid. Anyway, if I have not paid the estimated taxes exactly on time, will we get penalized when we file our 2016 tax return? If so, how much?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

5,922 satisfied customers
I am a widow and my husband had a pension, i did not know

I am a widow and my husband had a pension, i did not know about until they notified me, long story short i received a lump sum plus a small monthly payment.My question do I file an estimated income tax for the amount received ? or do I count it as income on next years taxes.Thank youHelen

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,492 satisfied customers
I have an LLC that is registered as a foreign corporation in

I have an LLC that is registered as a foreign corporation in the State of Maryland, because I bought a house in Maryland for investment purposes. What tax forms and other paperwork do I need to file for the 2015 tax year in Maryland?

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Robin D.

Vocational, Technical or Trade School

25,652 satisfied customers
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