Sentences with phrase «file your taxes because»

and now i need a letter from the IRS that indicate that i wasn't file the taxes because i didn't work.

If you haven't filed your taxes because you're dreading the tax bill, stop and think for a second.

Not exact matches

Part of the problem, the study found, is that «existing tax rules effectively create a $ 19,399 reporting tax loophole impacting millions of taxpayers» because of the confusion surrounding the requirements for forms 1099 - K, which is supposed to be filed by companies when they earn more than $ 20,000 through 200 or more credit card transactions, and 1099 - MISC, which covers payments above $ 600 to independent contractors, freelancers and small businesses.

And because a general partnership is normally a» pass through» tax entity (the partners, not the partnership, are taxed unless you specifically elect to be taxed like a corporation) filing income tax returns is easy.

January to April, when most people visit their accountant, is a difficult season for tax - preparers to think productively about your tax strategy because they're inundated with filing returns.

But because it is a separate entity, the CRA ensures that it files its own taxes.

«The other option is that we file a suit against him at the WTO — there are procedures laid out there because in the WTO agreements it is clearly laid out that you're not allowed to take more than 2.5 % taxes on imports of cars,» Zypries said.

That's because millions of consumers still use the Web for a variety of finance - related tasks, including tracking stocks, managing banking, filing taxes, and applying for mortgages.

When he was a just 13 he filed his first tax return, taking care to claim a $ 35 deduction for his bike because he used it to deliver newspapers.

You must provide income documentation for yourself and your spouse regardless of whether you file your taxes jointly or separately (unless you file separately because you are separated or unable to obtain your spouse's income information).

When I filed for taxes this year that $ 45K which was not net because I took $ 10K in losses but you know how the IRS does it... I had to report $ 45K as total income and could only write off $ 3K.

«We believe that adjusted EBITDA is an important measure of our operating performance because it allows management, investors and analysts to evaluate and assess our core operating results after removing the impact of changes in our capital structure, income - tax status and method of vehicle financing, and other items of a nonoperational nature that affect comparability,» Zipcar said in its most recent filing.

Marriage penalty: The additional tax that some married couples pay because they must file as a couple rather than separately.

Consumers with lower insurance scores may see the biggest changes because their credit files were more likely to contain tax liens or civil judgments, he said.

The refund cash has gone unclaimed because the taxpayers did not yet file a tax return for 2014.

Especially for those startups who are filing for the first time because their ability to asses their taxes can determine if they can make profit and be successful in the market.

For example, if you earned $ 30,000 of income from working in the United States and you filed a U.S. tax return and paid $ 5000 in U.S. taxes, you would still report the $ 30,000 of U.S. income on your Canadian tax return but because Canada and the U.S. have a tax treaty you would be credited with the $ 5000 you paid in the U.S.

After my son received his tax refund check — which much to my chagrin was a few hundred dollars more than it should have been because he filed as independent — he went straight to American Eagle to pick up a few sweatshirts.

«The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax - exempt status because they did not file legally required annual reports for three consecutive years» (http://www.irs.gov/uac/IRS-Identifies-Organizations-that-Have-Lost-Tax-Exempt-Status%3B-Announces-Special-Steps-to-Help-Revoked-Organizations)

Because 95 % + taxpayers can obtain nearly everything they need in Pub 17 to guide them to filing their taxes correctly, that document is the most useful one.

Only about 5 % of taxpayers choose the $ 3 check off for public campaign funding (which is about $ 23 million per year because there are about 150 million 1040 tax returns filed each year), but public television, radio, the NEA and the NEH might get closer to the 25 - 27 % percent participation that the check off got when it was started (bringing the take to perhaps $ 115 million a year), because their programming is probably more popular than campaign funding for politicians.

Nixon earlier this month said she couldn't publicly reveal her tax returns because she filed for an extension.

Miner, who filed the lawsuit Tuesday, is trying to halt the Inner Harbor project because the Onondaga County Industrial Development Agency gave the developer nearly $ 45 million in tax breaks over her objections.

September is an especially important month for evaluating the outlook for PIT receipts, because it marks the mid-point of the fiscal year and because Sept. 15 is one of four quarterly filing periods for estimated tax payments by investors, business owners and self - employed people.

So Miner filed a lawsuit alleging that the company «hid from the city its intention to seek a [tax deal] because it knew that the city would demand a community benefit on any development project as a condition of any deal.»

«If someone believes they do not need to be in Self - Assessment, for example because their taxes are fully dealt with under the Pay As You Earn system or simple assessment, or because they have left the UK, they should be able to ask HMRC to withdraw the notice to file a tax return.

The officials — including Borough President Scott Stringer, State Sen. Daniel Squadron and Council Speaker Christine Quinn — recently filed court documents arguing that the 1,331 - unit complex, which was built as affordable housing but now commands luxury rents, should be rent - stabilized because owner Laurence Gluck received a tax break.

Cynthia Nixon earlier this month said she couldn't publicly reveal her tax returns because she filed for an extension.

ALBANY — Actress and Democratic gubernatorial primary candidate Cynthia Nixon earlier this month said she couldn't publicly reveal her tax returns because she filed for an extension.

Because of a new state law, Empire State Development has for the first time disclosed the title and tax credit amount for some films that filed final applications in 2014.

For one thing, substantial numbers of senior homeowners don't file income tax returns because of their low incomes.

It's time to put down the Timberlake CD, stop obsessively searching Game of Thrones fanpages, and finally file those damn taxes, because there are more important things demanding your attention.

We were able to include parent organizations that filed either an IRS Form 990 or a Form 990 - EZ in those years.48 However, several known PTAs are missing because their revenues were low enough — typically, less than $ 50,000 — that they were not required to report, or we were unable to locate recent financial information from the IRS or other sources of tax reporting information.

«We just really want to get the cars into the hands of consumers,» he says, calling the decision especially timely because many buyers want to take advantage of an available $ 7,500 federal credit on their 2012 income tax filing instead of waiting another entire year for the money.

Sometimes we had just done an asset purchase of a company and everything rolled under the parent company (the former company didn't legal exist anymore but we used the name because of the brand) but in some cases, the «division» was either an acquired or created company that had a separate legal entity that filed their own taxes, had separate Fed ID numbers, D&B numbers, bank accounts, etc..

Unlike print counterparts, which have no additional tax like this, ebooks are charged this fee because they are categorized in the same way that software and file downloads... [Read more...]

I only bring this up because today I am getting ready to file my quarterly sales taxes on the 37 books I sold at book signings.

Many couples opt to file one last return jointly, because it results in the smallest tax bill.

On the other hand, if you file a separate return for the child, the tax rate on that portion of the income may be as low as zero, because of the preferential tax rates for qualified dividends and capital gain distributions.

Although some separated taxpayers can file single, filing head of household is a much more advantageous filing status than single because of the lowered tax rate.

For example, if your son and his spouse file a joint return because one or both of them had money withheld from their paychecks, but did not make enough to be required to file a return or owe any income taxes, you could still claim your son — and even his wife — if they meet all the other tests.

And that's a huge point, because when you do a regular IRA to Roth conversion you can always re-characterize, up to the filing date of your tax return in the following tax year.

If you are not required to file a tax return because your income is below the filing threshold, you are automatically exempt for that year.

She gets paid partially in cash and check, my father pays her taxes, they file jointly but she never has ANY tax refund she always owes, no property in her name whatsoever, (all in my father's name), her credit is shot as is because she can not be trusted with credit cards anymore.

That would be like you telling everyone in the world to not use CPA's or tax companies because you can file your taxes for free as well.

Because the income that grows within the trust is not tax - sheltered, you may have to file a tax return in your child's name to report the income.

However the reason I am looking for something more is because my husband now makes quite a bit more money than he ever has and therefore we do not qualify for the IBR plan any longer because we file taxes jointly.

NetFile and tax preparation software go together too because NetFile doesn't replace the software you need to file online.

OK, I filed through Turbo Tax last Saturday (Jan. 31st) because I was waiting for my 1098 - T from school.

have the option of amending your return from MFS to MFJ at a later date because you have suddenly decided that it is more advantageous to do so, and pay the FICA taxes then because you are now filing MFJ