Author Topic: any accountants out there that i can ask a question?  (Read 190634 times)

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Re: any accountants out there that i can ask a question?
« Reply #1755 on: November 17, 2019, 02:12:36 AM »
If I wanted to stay eligible for Jersey care. Is it legal to ask an employer to delay payment for a long time in order to be considered that I don't have a high income for the year?

For example I would accept paychecks for the first couple of months. But then I would ask him to not pay me for like a year. Also let's say he does that and I stop working can I collect payment next year for the same reason?
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Offline Mordyk

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Re: any accountants out there that i can ask a question?
« Reply #1756 on: November 17, 2019, 08:19:33 AM »
If I wanted to stay eligible for Jersey care. Is it legal to ask an employer to delay payment for a long time in order to be considered that I don't have a high income for the year?

For example I would accept paychecks for the first couple of months. But then I would ask him to not pay me for like a year. Also let's say he does that and I stop working can I collect payment next year for the same reason?
Stop asking so many questions.    ;)
But what happens if the employer doesnt have funds to pay you and he only pays next year. Obviously it's not considered income for this year...

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Re: any accountants out there that i can ask a question?
« Reply #1757 on: November 17, 2019, 08:28:16 AM »
Stop asking so many questions.    ;)
But what happens if the employer doesnt have funds to pay you and he only pays next year. Obviously it's not considered income for this year...
Ok thanks
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Offline meshugener

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Re: any accountants out there that i can ask a question?
« Reply #1758 on: November 29, 2019, 08:09:38 AM »
It is income when the check is received - the date of the check and the date deposited are not relevant.
Incorrect if business is on accrual basis.
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Re: any accountants out there that i can ask a question?
« Reply #1759 on: December 09, 2019, 12:54:25 AM »
If a w4 form isn't submitted to an employer the maximum amount is withheld. Correct?

What is that percentage?
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Offline Dawie

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Re: any accountants out there that i can ask a question?
« Reply #1760 on: December 09, 2019, 10:17:53 AM »
If a w4 form isn't submitted to an employer the maximum amount is withheld. Correct?

What is that percentage?
not a %
Single with zero

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Re: any accountants out there that i can ask a question?
« Reply #1761 on: December 09, 2019, 12:41:11 PM »
not a %
Single with zero
I'm assuming you mean single with zero allowances.

What does that mean though? How do they know how much money to withhold? Do they figure based on an estimated salary which tax brackets you'll be in and then withhold the average of it?
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Offline Dawie

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Re: any accountants out there that i can ask a question?
« Reply #1762 on: December 09, 2019, 02:01:02 PM »
I'm assuming you mean single with zero allowances.

What does that mean though? How do they know how much money to withhold? Do they figure based on an estimated salary which tax brackets you'll be in and then withhold the average of it?
yes

Offline jose34

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Re: any accountants out there that i can ask a question?
« Reply #1763 on: January 06, 2020, 10:35:31 AM »
How do taxes for someone living in Israel most of the year but wants to stay a US Resident.
Do they file taxes as a non US resident or they file taxes using the state they used to live in?

Offline Dawie

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Re: any accountants out there that i can ask a question?
« Reply #1764 on: January 06, 2020, 11:32:57 AM »
How do taxes for someone living in Israel most of the year but wants to stay a US Resident.
Do they file taxes as a non US resident or they file taxes using the state they used to live in?
what does "wants to stay a US Resident" mean?
(as far as taxes go)
See instructions for form 2555 re 330 days test

Offline jose34

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Re: any accountants out there that i can ask a question?
« Reply #1765 on: January 06, 2020, 05:41:29 PM »
what does "wants to stay a US Resident" mean?
(as far as taxes go)
See instructions for form 2555 re 330 days test
Thanks.
Meaning for purposes of opening up credit cards , bank accounts, drivers license wants to have a state in US to call home but does ***not*** physically live most of the year.
« Last Edit: January 06, 2020, 05:56:10 PM by jose34 »

Offline Dawie

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Re: any accountants out there that i can ask a question?
« Reply #1766 on: January 06, 2020, 05:48:44 PM »
Thanks.
Meaning for purposes of opening up credit cards , bank accounts, drivers license wants to have a state in US to call home but does physically live most of the year.
are they telling all of the above that they are residents and have residence in that state?

Offline jose34

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Re: any accountants out there that i can ask a question?
« Reply #1767 on: January 06, 2020, 05:56:26 PM »
apolgize see correction above.

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Re: any accountants out there that i can ask a question?
« Reply #1768 on: January 06, 2020, 06:09:49 PM »

Offline RavChik

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Re: any accountants out there that i can ask a question?
« Reply #1769 on: January 12, 2020, 08:18:49 AM »
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!