Author Topic: any accountants out there that i can ask a question?  (Read 256339 times)

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?

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.

Offline Dawie

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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!

Offline cks33

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Re: any accountants out there that i can ask a question?
« Reply #1770 on: January 19, 2020, 11:00:53 AM »
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?

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Re: any accountants out there that i can ask a question?
« Reply #1771 on: January 19, 2020, 01:14:34 PM »
Worked 6 months each in two different states for the same company. How is state tax figured?
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Offline yelped

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Re: any accountants out there that i can ask a question?
« Reply #1772 on: January 19, 2020, 05:27:40 PM »
Worked 6 months each in two different states for the same company. How is state tax figured?
I'm going to go out on a limb here and say it depends on which states were talking about here... ;)

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Re: any accountants out there that i can ask a question?
« Reply #1773 on: January 19, 2020, 05:41:27 PM »
I'm going to go out on a limb here and say it depends on which states were talking about here... ;)
IL & NV
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline yelped

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Offline Dawie

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Re: any accountants out there that i can ask a question?
« Reply #1775 on: January 20, 2020, 10:07:35 AM »
Worked 6 months each in two different states for the same company. How is state tax figured?
where did you actually live (183 days) ?
where are you registered to vote ?
where is your drivers license from ?
etc

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Re: any accountants out there that i can ask a question?
« Reply #1776 on: January 20, 2020, 10:12:08 AM »
where did you actually live (183 days) ?
where are you registered to vote ?
where is your drivers license from ?
etc
Lived and worked NV most of the year and everything else IL.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline Mordyk

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Re: any accountants out there that i can ask a question?
« Reply #1777 on: January 20, 2020, 10:13:27 AM »
#TYH

Offline Dawie

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Re: any accountants out there that i can ask a question?
« Reply #1778 on: January 20, 2020, 10:19:59 AM »
Lived and worked NV most of the year and everything else IL.
so if you established and can prove your domicile in NV you should be able to file as a NV resident and IL Nonres and apportion your income based on days WORKING in IL
and IL wont be able to challenge (if they are anything like NY.. expect them to be aggressive about it especially if you didn't change your mailing address, voting and DL etc)
But if you could prove it you should be ok
They dont like people going to tax free states (like your hero and NYS)

Offline aygart

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Re: any accountants out there that i can ask a question?
« Reply #1779 on: January 20, 2020, 10:37:52 AM »
Lived and worked NV most of the year and everything else IL.
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)

Feelings don't care about your facts