I received an assessment from MA DOR for 2012 and filed a form M-4506 to get a copy of my 2012 W2. After 6 to 8 weeks without a response, I wrote to the Taxpayer Advocate. The response I got was: "The form M-4506 is basically requesting copi...
W-2's are not filed either by paper or electronically with MA. Instead, MA gets information from the IRS. However, because the IRS doesn't not key in your state withholding, MA doesn't know what was paid in from the IRS records and often requires taxpayers to provide the W-2 or a pay stub to prove withholding.
You can also request copies from the employer that must have records going back at least 7 years as well as from the payroll company.
And finally, you might be able to substantiate withholding by showing your gross pay, subtracting the federal FICA and withholding and showing bank deposits and the difference is MA withholding.See question
I am a Non Resident Alien using my Social Security Number to start a sole proprietorship business in the US. The bank wants me to fill a form W-8BEN for the withholding tax. But on the form W-8BEN it is mentioned "Do NOT use this form if: You...
First, it's not clear about your SS#. If you have one then you were either a citizen or a resident alien (green card holder) in the past. If you didn't officially turn in your green card (as opposed to abandoning it and presuming it's lost) then you are still subject to world wide income in the US. What this means is you may not be legal from an immigration point of view but fully taxed in the US from a tax point of view.
Second, presuming you really to qualify as a foreign person now, then the W-8BEN is used when the business is not effectively connected to the US and the W-8CEI is used when it is. This question and the answers are quite complex and I suggest you seek a tax lawyer to give you good advice.See question
We currently have an EIN as a general partnership. Our incorporation process is not yet complete.
Yes you should get a be federal ID number because this not merely a change in form but a change from for profit to non-profit.See question
As a first time home buyer, I used all of a $23,000 IRA as part of a down payment. It wasn't taxed when it was given to me. I'm over 55 so I believe it was okay for me to take it w/out penalty. I just received notice from the IRS that I owed t...
There are not many things you can do. First, to avoid the 10% penalty you must be over 59 1/2 at the time, not 55. Second, neither the lender nor your real estate counsel should be relied upon for any tax advice at all. So your best bet is to work out an agreement with the IRS.See question
I owe taxes for income not claimed years ago. I disputed it to no avail. Very difficult to deal with the Department of Revenue. The amount is ridiculous and there is a tax lien on my credit report because of it. I want to settle it for much less A...
There are many good tax lawyers to help you with this. We do this all the time. Find one and ask what they can do for you & will it be cost effective. You are correct that the Commonwealth of Massachusetts is difficult to work with but that doesn't mean giving upSee question
Received letter from IRS For Atty. I hired did not send in the power of attorney in the time indicated by the IRS. Any suggestions?
Yes, those payments could be levied but if you contact the federal or state agency to let them know you cannot afford to pay back taxes, you should be able to be placed in what's called Hardship Status and not have to pay back taxes at all. As for the POA (Form 2848) it's never too late to have that faxed in to get your problem resolved.See question
as both US resident and US citizen require to pay taxes while working overseas, my questions is how to calculate taxes for US citizen and LPR working overseas ? Let's say you make 50.000 USD a year . How do they calculate it ? how much for uncle S...
US citizens working overseas as a permanent resident may exclude from US income taxes a little over $100,000 and other tax benefits related to housing. This is very complicated income tax planning which I don't think you should undertake yourself. I recommend you get tax advice from someone who prepares such tax returns.See question
Owe back federal taxes between $17-19k. In payment plan, current. All taxes are from 2010-2013. IRS has raised payment plan 340% without much notice. Need to negotiate lower settlement, have had no luck on my own.
Your answer is it depends. The payment plan process is not magical. While an experienced tax lawyer can guide you, a lot of documentation of your expenses on form 433 is needed & can review those before you turn them over. But a tax lawyer can be expensive so use them only for guidance but do all the leg work. Take on as much of the process as you can.See question
I pay my parents $100 per week to live in a room, and help keep the refrigerator stocked. Is this considered room and board? If so, am I allowed to claim it on my taxes?
Rent (room and board) is not deductible on a federal return unless it's related to an active trade or business. One half of your rent may be deducted up to $6,000 (so a max of $3,000) in MA on Form 1 line 14.See question