Topic profile page for Income taxes.
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Topic "Income taxes" was discussed 22,435 times on 1,947 sites in last 3 months
Started 2 days ago (2009-11-08 14:37:00)
by butta fly
I plan on starting a income tax preparation business. I'm just curious does anyone else here prepare taxes professionally? My friend has been doing this for about 5 years for the past 3 this is her only job. I have a few questions? What is the better software Drake or Tax Works? How much should I charge? When should I start marketing? Any help/ideas/suggestions from anyone...
Started 2 days, 15 hours ago (2009-11-08 00:00:00)
by jct181
( I'm part way through watching Aaron Russo's "Freedom to Fascism" movie, and I'm blown away so far. Is there really no law that requires one to pay federal income taxes? I've done some searching around on the internet, and I've found arguments going both ways. output ,, After many years of considering the ramifications of the tax code and its relevance to the US Citizen I ...
Started 3 days, 15 hours ago (2009-11-07 00:00:00)
by John Stancil, CPA
What is the best way to handle the income taxes for a 50-50 co-owned rental property that located in a state (Colorado) different from the state of the owner's residences? I'm looking for the simplest, most straight-forward way to offset the income with the expenses and to share that equally to each owner. If it's not necessary to do a partnership or LLC (which would require re-registering the...
Started 4 days, 22 hours ago (2009-11-05 17:03:00)
by Todd
California Democrats Raised Income Taxes by 10%, and it will start coming out of pay checks Monday. But the STUPID idiots claim it isn't a tax increase because "you get it back in April". Welcome to the Obamination......
Started 4 days, 12 hours ago (2009-11-06 02:46:00)
by tech_iceman
income taxes are in the constitution........ The income tax was created in 1913. Of course it would have to be a constitutional amendment for the government to be able to rob you. well it was passed by congress and ratified by the states, so it couldn't have been TOO bad
Started 1 day, 16 hours ago (2009-11-08 23:14:00)
by Cream1970
I never pay for someone to do my taxes. I buy the software and do them myself and I don't do rapid refund, just direct deposit. Everyone is right, do it close to the hood and you'll have plenty of business. make sure you can offer rapid refund. Start marketing around the middle or end of December because ppl that pay for tax preparation and rapid refund usually ...
Started 3 days, 5 hours ago (2009-11-07 09:44:00)
by NTETS, "Caveat Emptor"
usually its a check, unless you owe uncle sam. its technically a credit, meaning you reduce what you owe by 8k, and when you already have an income deduction each month, you generally wind up with at least 8,000. if you buy in january, you lose 1500 in direct credit, but gain 12 months of interest deductions, so its probably about break-even for anyone above the 20% bracket
Started 3 days, 5 hours ago (2009-11-07 09:25:00)
by NTETS, "Caveat Emptor"
usually its a check, unless you owe uncle sam. its technically a credit, meaning you reduce what you owe by 8k, and when you already have an income deduction each month, you generally wind up with at least 8,000. if you buy in january, you lose 1500 in direct credit, but gain 12 months of interest deductions, so its probably about break-even for anyone above the 20% bracket
Started 1 week, 1 day ago (2009-11-02 02:23:18)
by grotgrot
BTW they have already been doing this since the beginning of the year for those who are self-employed as well as a bunch of similar early payment measures.
Started 6 days, 14 hours ago (2009-11-04 00:29:00)
by pigpromoter
Quote: Originally Posted by imlearnerim a business pays taxes after making its expenses. near zero taxes are possible if you can get a really creative accountant. Granted, but it's not quite a good practice for the long run. You can't get a loan, for example.
Started 6 days, 16 hours ago (2009-11-03 22:51:00)
by exvj
Quote: Originally Posted by Noorah101 Hmmm...her daughter in the USA would have to do this on behalf of her mom then. There's no way to move funds to the USA from Iran, no reliable post from there, no IRS department there, no way of filing a tax return from there (unless she can understand how to do it ...
