Author Topic: any accountants out there that i can ask a question?  (Read 273870 times)

Offline lunatic

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Re: any accountants out there that i can ask a question?
« Reply #220 on: April 07, 2014, 01:27:30 PM »
They shouldn't be able to do that, since it isn't NY source and I'm not a resident.

But in any event, the states both have setoffs for foreign state tax, and I think the rates are similar.

yeah, I was thinking of that too, you may end up in the same place... though what about 2014... if you owe for 2013, what effect will the payments have on 2014? Will that matter?

Offline churnbabychurn

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Offline metziah

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Re: any accountants out there that i can ask a question?
« Reply #222 on: April 07, 2014, 03:07:32 PM »

Offline churnbabychurn

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Re: any accountants out there that i can ask a question?
« Reply #223 on: April 07, 2014, 03:11:36 PM »
From ME, -1
It is taxable but it isn't eligible for EIC...
I happen to agree but what experience do you mean?

Offline avrumy

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Re: any accountants out there that i can ask a question?
« Reply #224 on: April 07, 2014, 07:53:26 PM »
Generally the rule is if the kolel gets goverment funding which bmg does then the kolel checks are taxable. They do not count as far as a gain for the eic but rather a loss. Meaning it can only do harm but that's life.

Offline Menachem613

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Re: any accountants out there that i can ask a question?
« Reply #225 on: April 07, 2014, 08:35:53 PM »

Generally the rule is if the kolel gets goverment funding which bmg does then the kolel checks are taxable. They do not count as far as a gain for the eic but rather a loss. Meaning it can only do harm but that's life.

And if the kolel does not get government funding then it's not taxable?

Offline churnbabychurn

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Re: any accountants out there that i can ask a question?
« Reply #226 on: April 07, 2014, 08:53:30 PM »
And if the kolel does not get government funding then it's not taxable?
+1 ?

Offline aj26

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Re: any accountants out there that i can ask a question?
« Reply #227 on: April 07, 2014, 09:44:46 PM »
Generally the rule is if the kolel gets goverment funding which bmg does then the kolel checks are taxable. They do not count as far as a gain for the eic but rather a loss. Meaning it can only do harm but that's life.
source?
Why does government funding make a difference?
It's better to not be income for eic because if it was, you'd have to pay fica. And most family's in kollel are making 14k (or at least claim they do) to maximize the eic anyway

Offline yitzf

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Re: any accountants out there that i can ask a question?
« Reply #228 on: April 07, 2014, 10:03:06 PM »
Generally the rule is if the kolel gets goverment funding which bmg does then the kolel checks are taxable. They do not count as far as a gain for the eic but rather a loss. Meaning it can only do harm but that's life.
BMG gets Govt. funding for it's graduate program?

Offline David R

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Re: any accountants out there that i can ask a question?
« Reply #229 on: April 07, 2014, 11:45:55 PM »
My employer provided an incorrect W-2 form. After subtracting the various withholdings shown on the form (boxes 2, 4, 6, 14, 17 and 19) from the gross pay shown on the form (boxes 1, 3, 5, 16 and 18 show the same amount), I arrive at an amount that exceeds what I was actually paid. The employer did not respond to requests to correct it. What is the best way to handle this to make sure I do not pay taxes on income I did not receive?

Offline avrumy

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Re: any accountants out there that i can ask a question?
« Reply #230 on: April 07, 2014, 11:46:59 PM »
And if the kolel does not get government funding then it's not taxable?
this is the pesak of the accountants in lakewood.

Offline MarkS

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Re: any accountants out there that i can ask a question?
« Reply #231 on: April 07, 2014, 11:49:03 PM »
My employer provided an incorrect W-2 form. After subtracting the various withholdings shown on the form (boxes 2, 4, 6, 14, 17 and 19) from the gross pay shown on the form (boxes 1, 3, 5, 16 and 18 show the same amount), I arrive at an amount that exceeds what I was actually paid. The employer did not respond to requests to correct it. What is the best way to handle this to make sure I do not pay taxes on income I did not receive?
What do you mean by the bold? Where did you come up with the amount actually paid? From the amount deposited in your bank account? Do you have a copy of your last paystub? It should match the W-2.

Offline David R

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Re: any accountants out there that i can ask a question?
« Reply #232 on: April 08, 2014, 12:45:34 AM »
What do you mean by the bold? Where did you come up with the amount actually paid? From the amount deposited in your bank account? Do you have a copy of your last paystub? It should match the W-2.
The employer gave me paper checks at various points throughout the year. The checks were not accompanied by pay stubs. (Yes, I know that the labor law requires it.) The sum of those checks is less than the gross minus the various withholdings shown on the W-2.

Offline Bostener

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Re: any accountants out there that i can ask a question?
« Reply #233 on: April 08, 2014, 02:43:35 AM »
From what you write about your employer it sounds like he is or will be very soon in big trouble.

I can't pasken for you in hilchus mesireh there are even so much helochs when you are allowed to threaten with misireh but I can tell you that if you take it to the IRS or the labor  department he won't treat you like this.

An employer is required not only to give a pay stub but to make sure that it's in way that the employee understands what is getting deducted.

You better make sure you aren't getting in trouble with him.
Airlines sending me "We're in this together" emails.

Bruh, where were you when my suitcase weighed it 51.50 pounds?

Offline Menachem613

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Re: any accountants out there that i can ask a question?
« Reply #234 on: April 08, 2014, 07:06:55 AM »

this is the pesak of the accountants in lakewood.

Oh.

Offline henche

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Re: any accountants out there that i can ask a question?
« Reply #235 on: April 08, 2014, 08:04:38 AM »
The employer gave me paper checks at various points throughout the year. The checks were not accompanied by pay stubs. (Yes, I know that the labor law requires it.) The sum of those checks is less than the gross minus the various withholdings shown on the W-2.

Do you have other taxable benefits?

Your employer has the same incentive as you to understate income, since he pays his portion of FICA and FUTA.
« Last Edit: April 08, 2014, 08:22:56 AM by henche »

Offline Menachem613

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Re: any accountants out there that i can ask a question?
« Reply #236 on: April 08, 2014, 08:20:03 AM »

The employer gave me paper checks at various points throughout the year. The checks were not accompanied by pay stubs. (Yes, I know that the labor law requires it.) The sum of those checks is less than the gross minus the various withholdings shown on the W-2.

Does he use a Lakewood accountant?

Offline David R

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Re: any accountants out there that i can ask a question?
« Reply #237 on: April 08, 2014, 09:33:22 AM »
Do you have other taxable benefits?

Your employer has the same incentive as you to understate income, since he pays his portion of FICA and FUTA.
What do you mean by "other taxable benefits"? Could you give an example?
In this case, the employer is overstating my income and probably paid more FICA and FUTA than if the W-2 would have been correct.

Does he use a Lakewood accountant?
Beats me.

Offline Baruch

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Re: any accountants out there that i can ask a question?
« Reply #238 on: April 08, 2014, 09:36:00 AM »
this is the pesak of the accountants in lakewood.
-100. Spoke to many people who went to accountants in Lakewood. Never heard that from anyone.

Offline avrumy

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Re: any accountants out there that i can ask a question?
« Reply #239 on: April 08, 2014, 09:54:21 AM »
-100. Spoke to many people who went to accountants in Lakewood. Never heard that from anyone.
so what did u hear them say?