What is the tax liability for someone that leases a business? As an employee or as an independent contractor?
jsep20 asked: I know it sounds strange, but say someone leases a business and come tax time, their income tax return is filed as an employee. Would it be possible to amend the tax return? Would a business owner via lease be considered an independent contractor? If so, what requirements are necessary to be an [...]
What kind of tax refund can I expect come tax time if I was a 1st time buyer this year in NJ?
JohnDoe asked: I bought my first house this April. I live in NJ. I got my mortgage tax statement yesterday, and I’ve paid close to $9000 in interest. My closing costs were around $6000. I’ve heard you are supposed to get a sum close to the amount you paid for your closing costs back come [...]
What is the best way to deal with this tax issue?
jacobs mom asked: i have been paid by my employer as an independant contractor so taxes were not taking out of my checks for the past 6 months…now i am getting deductions as an employee..should i have them take out more taxes or just pay at tax time? I made about 2500 a month? any [...]
why do single people with no kids get screwed at tax time?
mark o asked: dont people choose to get married and have kids why should i be penalized for choosing not to have kids. what i really want to know is what is the reasoning behind this obviously unfair tax issue and dont people with kids feel guilty for robbing the single population?
