Archive for February, 2009
Would you support a tax on energy to help global warming?
questioner asked: If Obama wins in November 2008, and the Democratic Party continues to have control of the Congress I understand that they plan to put a tax on energy to pay for development of alternative energy and discourage use. Of course this could mean a tax on gasoline and your energy bills at home. [...]
What is income Tax expense a percetage of?
eight20one asked: I have an adjusting journal entry that says Income Tax Expense is .32 with no extraordinary or unusual items to consider in this calculation. What is this a percentage of? What is the calculation?
I have the entry as a debt to Income Tax Expense and a Credit to Income Tax Payable.
If my employer reimburses my tuition & then issues me a 1099 how do i reflect this on my tax return?
jsssika asked: My employer paid for school last year and I was curious as to how I should reflect this on my tax return. They gave me a 1099 that shows the miscellaneous income for tuition. I paid the tuition and my company reimbursed me back through payroll. So, since the goverment gives [...]
Independent worker tax issues?
Roy b asked: I work at a job where i am an independent worker and they dont take taxes out. Im 17 and my father still claims me as a dependent. Ive saved 12.5% of my checks for my FICA tax, am i going to get that back or not?
So what do i do?
im going [...]
Is it likely to be denied a Certificate of Authority to Collect Sales Tax?
j r asked: I am starting a small janitorial services sole proprietorship in NY. I have applied for a Certificate of Authority to Collect Sales Tax. I have no prior convictions or tax issues so should I expect to be approved or is it difficult to be approved?
Which tax form should I use to receive the recently passed tax credit?
Tommmmmy asked: I do not file taxes as I receive less than required to do so. Which form do I need to use in order to qualify for the recently passed tax credit offered as part of the economic stimulus plan?
Another Obama pick clouded with tax issues as her Husband pays liens from up to 16 years ago-Why is this?
MADDOG asked: http://www.usatoday.com/news/washington/2009-02-05-solis-husband-taxes_N.htm
You can’t tell me there are no qualified Democrats who aren’t tax cheats-c’mon.
What are the tax rules regarding assigning income to another tax payer?
Alissa asked: What are the rules regarding a tax payer assigning income from personal services rendered to another tax payer? Ex. A football player assigns his son 5% of his income. Can you do that and how would that affect his taxes?
Tax issues of covered call writing in large portfolio?
Mark S asked: I’d like to sell four-to-six month Far-OTM covered calls on ~50 stocks; I’d also sell new 4-6 month calls whenever the prior calls expire. I’ll have to make about 5-7 c.call transactions per month.
Since I have a full-time job, are there any tax issues I should be worried about? Can [...]
What tax forms should I fill out in new york?
henryurlo asked: Individual tax payer
If you were doing your tax return for the first time and by yourself how do you know what forms to fill out after receiving the W-2 form? There are the 1040-XXs and the 4868 but how do you know which to fill out.
Other types: Now what you had [...]
