Author Topic: any accountants out there that i can ask a question?  (Read 248220 times)

Online CountValentine

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Re: any accountants out there that i can ask a question?
« Reply #1780 on: January 20, 2020, 10:55:46 AM »
Is your DL legally valid or are you required to change it to NV? (nothing to do with the tax question but something you may want to check)
That horse has left the barn as you are required to change over within 30 days.  :)
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Online aygart

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Re: any accountants out there that i can ask a question?
« Reply #1781 on: January 20, 2020, 11:10:19 AM »
That horse has left the barn as you are required to change over within 30 days.  :)
כל ימיו בעמוד והחזר קאי
Loosely translated as "he remains obligated for his entire life".

That can cause issues in the event of an accident since the license is technically invalid and therefore an unlicensed driver with invalid insurance.
Source?
The coffee room. My point is to look into it and be sure. Sorry if it sounded like I was giving over known and researched facts.
« Last Edit: January 20, 2020, 11:47:55 AM by aygart »
Feelings don't care about your facts

Offline Dawie

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Re: any accountants out there that i can ask a question?
« Reply #1782 on: January 20, 2020, 11:17:02 AM »
כל ימיו בעמוד והחזר קאי
Loosely translated as "he remains obligated for his entire life".

That can cause issues in the event of an accident since the license is technically invalid and therefore an unlicensed driver with invalid insurance.
What would someone who is a snowbird do? (lives in the North in the summer and winter in the south)

Online aygart

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Re: any accountants out there that i can ask a question?
« Reply #1783 on: January 20, 2020, 11:25:15 AM »
What would someone who is a snowbird do? (lives in the North in the summer and winter in the south)
There are rules.
Feelings don't care about your facts

Offline Sam Finkelstein

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Re: any accountants out there that i can ask a question?
« Reply #1784 on: January 20, 2020, 11:42:06 AM »
That can cause issues in the event of an accident since the license is technically invalid and therefore an unlicensed driver with invalid insurance.

Source?
Formula for success: rise early, work hard, strike oil. ĖJ. Paul Getty

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Re: any accountants out there that i can ask a question?
« Reply #1785 on: January 20, 2020, 11:46:56 AM »
Source?

The coffee room. My point is to look into it and be sure. Sorry if it sounded like I was giving over known and researched facts.
Feelings don't care about your facts

Offline Sam Finkelstein

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Re: any accountants out there that i can ask a question?
« Reply #1786 on: January 20, 2020, 11:58:19 AM »
The coffee room. My point is to look into it and be sure. Sorry if it sounded like I was giving over known and researched facts.

Thatís most newlyweds in Lakewood driving like that...
But thanks for providing the worst case scenario. It might help get things done.
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Re: any accountants out there that i can ask a question?
« Reply #1787 on: January 20, 2020, 12:10:11 PM »
Thatís most newlyweds in Lakewood driving like that...

yup
I do know someone who got a ticket for being an unlicensed driver and had his car towed.
Feelings don't care about your facts

Offline Dawie

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Re: any accountants out there that i can ask a question?
« Reply #1788 on: January 20, 2020, 12:37:42 PM »
There are rules.
exactly, the rule is which ever state you established domicile in. You can only be a resident of one state even if you live in two
that includes someone working and living in NYS and living in NJ on weekends.
Your case of the car being towed is strange,  i'm sure the count would like more details

Offline Sam Finkelstein

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Re: any accountants out there that i can ask a question?
« Reply #1789 on: January 20, 2020, 12:43:19 PM »
Specifically for NJ, it seems anyone under 21 transferring a license needs to go through the whole permit and test process again, no?
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Re: any accountants out there that i can ask a question?
« Reply #1790 on: January 20, 2020, 03:37:50 PM »
exactly, the rule is which ever state you established domicile in. You can only be a resident of one state even if you live in two
that includes someone working and living in NYS and living in NJ on weekends.
Your case of the car being towed is strange,  i'm sure the count would like more details

Very simple. The driver was considered to be unlicensed because he was supposed to have switched his license to the state where he now lived. A car being driven by an unlicensed driver gets towed if there is no licensed driver to drive it.
Feelings don't care about your facts

Offline Dawie

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Re: any accountants out there that i can ask a question?
« Reply #1791 on: January 20, 2020, 06:12:00 PM »
Very simple. The driver was considered to be unlicensed because he was supposed to have switched his license to the state where he now lived. A car being driven by an unlicensed driver gets towed if there is no licensed driver to drive it.
How did the cop know where he/she lived?

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Re: any accountants out there that i can ask a question?
« Reply #1792 on: January 20, 2020, 07:39:41 PM »
How did the cop know where he/she lived?

Don't remember
Feelings don't care about your facts

Offline cks33

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Re: any accountants out there that i can ask a question?
« Reply #1793 on: January 20, 2020, 09:48:24 PM »
Hello there -

I deposited pre tax money into my 401A for the first 6 months of the year.

Then I switched jobs to a private company and put in pretax money.

Is there a total I can put into both combined?

Is it still 19K?

Offline jose34

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Re: any accountants out there that i can ask a question?
« Reply #1794 on: January 21, 2020, 10:17:43 AM »
Best website for quick question/answer session with a tax professional for cheap?

Offline incendia

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Re: any accountants out there that i can ask a question?
« Reply #1795 on: January 21, 2020, 09:46:00 PM »


you have a 19k yearly limit across all accounts

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Re: any accountants out there that i can ask a question?
« Reply #1796 on: January 21, 2020, 10:15:18 PM »
I have a tax question in case someone can assist me:

I live and incorporated in IL. I used to collect the sale tax from Amazon sale and file with the state monthly. Starting  01/01/2020, Amazon collects and remits tax for the state of IL. What I should do now?

Thank you in advance!
My guess is that Amazon is saving you work.  Now you donít need to file any sales tax - Amazon is doing it for you.

Offline A3

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Re: any accountants out there that i can ask a question?
« Reply #1797 on: January 21, 2020, 11:30:42 PM »
My guess is that Amazon is saving you work.  Now you donít need to file any sales tax - Amazon is doing it for you.
You still need to file.
The question is if you file zero sales in IL or do you file the actual sales and list them as exempt.

Personally I have been doing the second option for another state that I have nexus in.

Even is amazon reports it, you have to look at your states filing requirements. If you donít file at all you may be hit with non filing penalties.

Offline jose34

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Re: any accountants out there that i can ask a question?
« Reply #1798 on: January 22, 2020, 10:31:19 AM »
Regarding w-4 step 2 B:
 
Am I estimating this years taxes based on last years income?

What if I am worked multiple jobs last year and this year I cutting back on some of them should I still include them in my estimate or only I am only giving a rough estimate on the jobs I plan on working this year?


Offline lakewood34

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Re: any accountants out there that i can ask a question?
« Reply #1799 on: January 23, 2020, 12:50:46 AM »
Regarding w-4 step 2 B:
 
Am I estimating this years taxes based on last years income?

What if I am worked multiple jobs last year and this year I cutting back on some of them should I still include them in my estimate or only I am only giving a rough estimate on the jobs I plan on working this year?
i believe that if you pay estimated taxes based on last years income even if you end up being short there are no penalties but if you pay estimated taxes based on your projections and you projecy below last years income if you are more then a certain percent off you can owe penalties