Author Topic: any accountants out there that i can ask a question?  (Read 256331 times)

Offline yelped

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Re: any accountants out there that i can ask a question?
« Reply #1720 on: April 17, 2019, 11:38:54 PM »
Good that it worked out for you.
Let's get that check (am accepting more checks, too. No bills. Have a whole stack of that) first.  :)

Offline mahnishma

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Re: any accountants out there that i can ask a question?
« Reply #1721 on: April 29, 2019, 10:32:18 AM »
Anyone can recommend accountant in Brooklyn for an audit? Tia
Bump

Offline johnshek

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Re: any accountants out there that i can ask a question?
« Reply #1722 on: May 20, 2019, 04:40:41 PM »
Does anybody here work/has worked for DDK? please PM me.

Offline Mh1

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Re: any accountants out there that i can ask a question?
« Reply #1723 on: May 21, 2019, 02:16:23 PM »
I`ve been waiting on my refund, finally got a letter that the bank didnt accept the transfer so i`ll get a check instead

which arrived!

but only federal, not state

anyone know how that works? will state send check too?

Offline Dawie

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Re: any accountants out there that i can ask a question?
« Reply #1724 on: May 21, 2019, 04:48:57 PM »
I`ve been waiting on my refund, finally got a letter that the bank didnt accept the transfer so i`ll get a check instead

which arrived!

but only federal, not state

anyone know how that works? will state send check too?
yes, you should call to speed it up though

Offline Mh1

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Re: any accountants out there that i can ask a question?
« Reply #1725 on: May 22, 2019, 12:01:49 AM »
thanks!

Offline johnshek

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Re: any accountants out there that i can ask a question?
« Reply #1726 on: June 17, 2019, 10:23:10 PM »
If I file an amended tax return to claim  refundable dependant tax credits, will that offset any non refundable tax credits from that years return?
For example
 I owed 3k in federal tax and claimed a 3k non refundable credit against it.
Then filed the following year for the refundable portion of the dependant tax credit (1400) will I lose that portion of the non refundable credit filed previously?

Offline cks33

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Re: any accountants out there that i can ask a question?
« Reply #1727 on: June 18, 2019, 03:38:30 PM »
Random question.

I work in a job where I have a 401a plan.  I am switching to a job that has a 401K plan.

How much can I save in each? Are they additive?

Offline mahnishma

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Re: any accountants out there that i can ask a question?
« Reply #1728 on: August 08, 2019, 10:52:25 AM »
Can any accountants please advise:
If I sell flights using my credit card miles, does company who i'm selling flights to need to issue me 1099?
Thanks!

Offline nobiggy

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Re: any accountants out there that i can ask a question?
« Reply #1729 on: August 08, 2019, 11:53:53 AM »
How can I fight a 1099-Misc issued by Chase for referrals?

Offline grodnoking

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Re: any accountants out there that i can ask a question?
« Reply #1730 on: August 08, 2019, 12:21:42 PM »
How can I fight a 1099-Misc issued by Chase for referrals?
How many points did you get?
I'm not who you think I am.

Offline grodnoking

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Re: any accountants out there that i can ask a question?
« Reply #1731 on: August 08, 2019, 12:24:36 PM »
Can any accountants please advise:
If I sell flights using my credit card miles, does company who i'm selling flights to need to issue me 1099?
Thanks!
Im no accountant, (An accountant can correct me if I'm wrong) but they dont need to do anything but they should and could. Question is if you have to pay taxes if the money you made was just a rebate on your spending.
I'm not who you think I am.

Offline nobiggy

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Re: any accountants out there that i can ask a question?
« Reply #1732 on: August 08, 2019, 12:37:49 PM »
How many points did you get?
I don't know but the 1099 is over $1k and after paying taxes, penalties and interest and my accountant it will be pretty expensive.

Offline yitzf

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Re: any accountants out there that i can ask a question?
« Reply #1733 on: August 08, 2019, 02:43:50 PM »
How can I fight a 1099-Misc issued by Chase for referrals?

Is this the amended one? Isn't Chase payment the fee's on that?

Offline googwallet

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Re: any accountants out there that i can ask a question?
« Reply #1734 on: August 09, 2019, 02:04:05 PM »
Random question.

I work in a job where I have a 401a plan.  I am switching to a job that has a 401K plan.

How much can I save in each? Are they additive?
The limit is $19,000 annually combined across all 401k plans. 

Offline nobiggy

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Re: any accountants out there that i can ask a question?
« Reply #1735 on: August 09, 2019, 03:43:50 PM »
Is this the amended one? Isn't Chase payment the fee's on that?
The fee to pay an accountant to amend it....that's the cheapest part of this.

Offline stv17

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Re: any accountants out there that i can ask a question?
« Reply #1736 on: August 14, 2019, 12:07:49 PM »
I'd appreciate an answer from an accountant.

If a older person living in Israel (Israeli citizen only) wishes to sell his house in Israel and wants to give the money to his kids (dual citizenship) living in the US. He wants to give it to them as an inheritance.
Is there any tax on it? anything that should be done done as far as both sides?

Thanks

Offline Agoldsc1

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Re: any accountants out there that i can ask a question?
« Reply #1737 on: October 08, 2019, 10:28:01 AM »
Generally speaking, if they don't have a valid resale or tax exempt certificate on file for the state where the purchase is being made (delivered in the case of phone or Internet orders) they should and will collect sales tax.

So for example: if you have a NY resale certificate filed with Costco in NY, but then on occasion will walk into a Costco in a different state, you will pay sales tax in that other state.

Firstly, yes, I am aware that I'm quoting a post from 2016, but it's very relevant to my questions.

I want to buy a package of retail electronics from a website that requires a resale certificate, and resell them in NYS. At the moment, this is looking to be a one-time transaction, and not a continuing business.

Questions:
1) Is there any way to use another company's resale certificate for a fee? Ideally, I would like to skip this whole process, even if it means having to pay a cost.
2) Is it risky to file for a resale certificate under my personal capacity instead of a separate entity? I would prefer to do it personally as that would save me the time and money of having to create and maintain an entity.
3) The NYS website states that I would need to file a sales tax return every filing period even if I do not have any transactions that period. What does that mean for me if I file under my personal name for a one-time transaction? How often would I need to file?
3) If it is recommended to file under an entity, would it have to be a NY entity? I see that in MT, filing fees are much lower, and I wouldn't even need a resale certificate as they don't issue them (according to the website, a business registration would be sufficient).

Thanks!!

Offline bubkiz

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Re: any accountants out there that i can ask a question?
« Reply #1738 on: October 25, 2019, 01:23:49 PM »
The investment income limit in order to receive the EITC is $3600 for 2019.

Does investments held in children's names count towards the $3600 investment income limit?

Any other creative (legal) workaround ideas welcome.

« Last Edit: October 25, 2019, 01:46:30 PM by bubkiz »

Offline Blazer

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Re: any accountants out there that i can ask a question?
« Reply #1739 on: October 25, 2019, 01:30:53 PM »
I think parents are only affected by their childís income if they prepare 8814 ( parents election to teport childís income on their tax return) but if You donít elect this, then it wonít be included for EIC purposes.