|
MadDogMike posted:Anybody know what the time requirement is on when somebody should send you a 1099-DIV? It's the only item I'm waiting on for my taxes this year (for a mutual fund I have) and it seems like my bank in previous years has sent them out as late as the end of February/early March. I seem to recall they have a late deadline on when that info has to go to the IRS, but I was wondering what the deadline on mailing them to me was (a la the whole W-2 deadline being mailed by Jan 31st). Around 2/14 or so.
|
#
¿
Feb 10, 2015 00:46
|
|
|
|
| # ¿ May 14, 2024 11:40 |
|
|
OneWhoKnows posted:Well, that makes sense. I always thought you were including the issuer's EIN/SSN to help the IRS track what you were claiming as income, but I guess they already know! You only need to include the payor's tax ID number if the 1099 reports withholding. Just FYI.
|
|
#
¿
Feb 10, 2015 06:50
|
|
|
Epi Lepi posted:I've never seen a letter from the IRS telling a client that they're entitled to a bigger refund than they claimed. This. CP2000's only come out when you forgot to report income (or when they think you might have), not for additional deductions.
|
|
#
¿
Feb 11, 2015 22:39
|
|
|
Boris Galerkin posted:Cool, that answers one question. I'm still at a standstill on filing because I'm not sure if/how to report employer contributions to my HSA. Any employer contributions tax free, and the amount deducted from your paycheck is already factored in to your W-2 box 1 income (also reported in box 12, code W). Unless you made separate contributions to your HSA (ie you transferred money directly into your account outside of work contributions) you do not report any contributions on your return. e;f;b
|
|
#
¿
Feb 14, 2015 22:27
|
|
|
Droo posted:They should be able to dig up a transaction history for you. It might be 50 pages and come mailed to you, but you'd be able to find a cost basis. Sounds more like an UTMA account, in which case the shares always belonged to him and the grandparents merely served as custodians but never owned the shares. So the basis adjustment would not apply.
|
|
#
¿
Feb 21, 2015 19:10
|
|
|
Storgar posted:I want to mail in a tax return, but pay an amount that I owe online. Do I pay online immediately and then mail it in, or do I need to wait until my tax return is received first? Just Mail the return in and pay online by 4/15.
|
|
#
¿
Feb 22, 2015 07:17
|
|
|
Florida Betty posted:Forgive me in advance for the stupid question. Last year when I was filing my taxes, I forgot about a (paperless) bank account that I have and neglected to include a 1099-INT with about $81 in interest income. So I guess received a slightly higher tax refund than I should have. How big of a deal is this and how can I fix it? Do I have to file an amended return for last year? If the irs decides that they care they will send a letter notifying you that they noticed and telling you how much it will cost. I would just wait for that, personally. shodanjr_gr posted:So I got a fellowship this year which was taxable. The problem is that the school is sitting on its rear end and won't issue the 1042S until mid-March. I know the total amount of the fellowship and the amount withheld for taxes. Is there any reason why i should not (e)file without waiting for my university to issue the 1042S? You aren't allowed to file claiming any withholding unless you have the form in hand. Or rather, professional preparers can't.
|
|
#
¿
Feb 24, 2015 04:30
|
|
|
Admiral101 posted:That's kind of a complicated question depending on what you're making. Well there are exceptions, such as small film making ventures.
|
|
#
¿
Feb 25, 2015 05:31
|
|
|
scribe jones posted:Can't wait to call all my clients this week whose e-filed returns got rejected due to SSN fraud! Love this job!! I had to make three calls like that, it loving sucks. Sorry man. Two others had the IRS proactively reach out to them via letters to let them know someone had filed returns that were suspected to be fraudulent.
|
|
#
¿
Apr 21, 2015 03:25
|
|
|
robcat posted:I am not a tax expert but just went through something similar. With Schwab at least, you can remove excess contributions before EOY. It's just another option on the form to recategorize contributions (what you would use to create a backdoor IRA). You have until the due date of the return, not counting extensions, to recharacterize the contributions.
|
|
#
¿
Apr 21, 2015 03:26
|
|
|
galahan posted:I did, they seem to be Mia and thread locked, ill try pm. To be fair to me your email late on 4/14 literally said "ignore this if you are too busy to help". I was, so I did. We connected today though. Now that the insanity has mostly passed I have more time for new returns. Eta that it was kind of a dick move and I am not usually like that. However, I worked about 110 hours between April 6th and the 15th and there is a very real tendency in that kind of mode to put off anything that we can. So I'm sorry for not at least responding that I was too busy. furushotakeru fucked around with this message at 04:02 on Apr 21, 2015 |
|
#
¿
Apr 21, 2015 03:30
|
|
|
scribe jones posted:I'm not even going to bother checking my utilization report for March/April, since that's one step away from calculating my effective hourly wage and I just can't quite stomach that yet. I don't know what you're complaining about. On an annual basis I average less than 40 hours per week and make a pretty good living by any measure.
|
|
#
¿
Apr 22, 2015 02:49
|
|
|
meteloides posted:In February of this year I started doing work as an independent contractor, but it's very freelance and I make super little - YTD I've made $68.01. Unfortunately, when I started doing this I listened to some bad advice and didn't get on the ball about filing and tracking things for taxes right away, and didn't immediately start talking to SSA about it. It is now two months later and I'm freaking out that I'm going to get popped for tax fraud or benefits fraud (I'm on disability) somehow. I haven't even looked at the New Mexico tax and revenue website yet to see how screwed I am. Under $400 you won't owe any self employment tax on your earnings. If you don't have more than ~$10K taxable gross income and less than $400 gross income from contract work, you don't need to file a federal return and won't owe any tax. Not sure on NM.
|
|
#
¿
Apr 27, 2015 07:10
|
|
|
Asterios posted:I moved from NYC to Florida halfway through 2014, but continued to work for my employer remotely. The specific office I report to is in New York City, but the corporate headquarters for the company is in Nebraska. The income earned in FL should be FL income (not subject to NYS or NYC taxes). Most of the other contributors do far more question answering than I do these days, but you are welcome.
|
|
#
¿
Apr 27, 2015 20:05
|
|
|
Ur Getting Fatter posted:I'm a US citizen living abroad (more background here). I'm self employed. I'm not aware of any rule saying that the insurer must be US based in order for the premiums to be deducted.
|
|
#
¿
Apr 27, 2015 21:26
|
|
|
ThirdPartyView posted:That's not correct, as NY is a state that taxes wages under the theory that telecommuting for convenience is deemed to be as though you physically worked in NY (see Huckaby v. New York State Division of Tax Appeals and Zelinsky v. New York State Tax Appeals Tribunal). Given that Asterios is 'assigned' to the NY office, he has to apportion all the wages to NY. Huh. I stand corrected then. Not really sure how telecommuting creates nexus, but it is what it is. Now if you'll excuse me, I have to move my server to the Cayman Islands.
|
|
#
¿
Apr 28, 2015 03:46
|
|
|
|
| # ¿ May 14, 2024 11:40 |
|
|
AbbiTheDog posted:YOUR state is a dick about apportioned income and nexus. Don't bitch about NY. I'm pretty confident that CA only taxes income earned for services physically performed in CA, for non residents at least.
|
|
#
¿
Apr 28, 2015 20:53
|
|