Archived
Self employment here but how to pay tax sss and medicaire? what should I do? I just made $626.251 in a week but I spent $140 gas
Zaher's answer
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Answered on November 21, 2015
Consult a CPA to determine the amount of taxes you must pay for the year and use estimated tax vouchers to pay them timely. You may have certain...
Archived
Been separate from husband over 6 months. Currently receiving calfresh for my daughter and I . Can he still claim us on his tax
Zaher's answer
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Answered on November 21, 2015
Since you lived more than six months separate from your spouse, you could file tax returns as “head of household”. However, it may be advantageous...
Archived
Do I pay taxes on money given to me by my spouse?
Zaher's answer
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Answered on November 21, 2015
US person spouses can give to one another unlimited gifts without any tax consequences. My colleague gave you good advice. Zaher Fallahi, Tax...
Archived
If I charge users and then send the money, less my fee, to a charity, can the users count that as a charitable donation?
Zaher's answer
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Answered on November 21, 2015
You will report the total receipt as your business income. Only you, not your clients, can deduct the charitable donations on your schedule A. My...
My tax preparer says can't get an Offer In Compromise from the FTB without an 'OIC' from the IRS first. Is this true?
Zaher's answer
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Answered on November 21, 2015
As my colleague correctly pointed out, the FTB OIC and IRS OIC are two independent and unrelated programs. I should note that the FTB is tougher to...
I've paid from personal account as a loan to my sole proprietor business for expenses. Can the business deduct expenses in 2015?
Zaher's answer
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Answered on November 19, 2015
As suggested by my colleagues, yes, you can deduct your business expenses from business income. If you do not have any business income for the...
Archived
Am I responsible for my husband's 940 & 941 owed taxes?
Zaher's answer
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Answered on November 19, 2015
Because your husband is self-employed, the 941 taxes are called Trust Funds. These are taxes he withheld from his employees and did not turn them...
Archived
Pay state income tax based on the state where you are Living or Client location or Employer location?
Zaher's answer
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Answered on November 18, 2015
If you live and work in California, you will be taxed by California, regardless of the location of your employer. For your information, NV has no...
Does IRS verify your income with your employer if you submit the Collection Information Statement (433-A)?
Zaher's answer
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Answered on November 18, 2015
Along with the form 433-A, taxpayers must provide documents (check stub, W-2, 1099, etc) for every item on the form. The income items are the most...
Archived
Need help to calculate 1099 income for Health Insurance
Zaher's answer
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Answered on November 18, 2015
Generally, your business income is the net income from your schedule C. This means that you deduct all business expenses from your gross income. ...
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