Author Topic: any accountants out there that i can ask a question?  (Read 487146 times)

Offline ae123

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Re: any accountants out there that i can ask a question?
« Reply #2480 on: January 14, 2024, 11:43:12 PM »
Ok, thanks for the replies.

Offline Ralphie

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Re: any accountants out there that i can ask a question?
« Reply #2481 on: January 18, 2024, 09:11:36 PM »
Tried googling. Found the following from 2016:
"Taxpayers with unincorporated business income of $95,000 or less are not required to file a UBT return."(NYC)
Is this the case for 2023 as well?

Offline Help

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Re: any accountants out there that i can ask a question?
« Reply #2482 on: January 19, 2024, 12:32:31 AM »
Tried googling. Found the following from 2016:
"Taxpayers with unincorporated business income of $95,000 or less are not required to file a UBT return."(NYC)
Is this the case for 2023 as well?
Yes. The $95k threshold stayed the same. Keep in mind, it’s $95k gross income, not net income.

Offline Yosel

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Re: any accountants out there that i can ask a question?
« Reply #2483 on: February 28, 2024, 03:36:12 PM »
Did anyone here apply for the SETC (self employment tax credit) that is available for the years 2020 and 2021??
Is this real? legit?
Many online companies offering service with a upfront fee
Thanks

Offline cgr

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Re: any accountants out there that i can ask a question?
« Reply #2484 on: February 28, 2024, 04:06:41 PM »
Did anyone here apply for the SETC (self employment tax credit) that is available for the years 2020 and 2021??
Is this real? legit?
Many online companies offering service with a upfront fee
Thanks
SETC = FFCRA

Offline Help

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Re: any accountants out there that i can ask a question?
« Reply #2485 on: February 28, 2024, 04:24:09 PM »
SETC = FFCRA
You know they’re legit when the “online companies” completely make up acronyms 😂

Offline Dawie

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Offline ae123

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Re: any accountants out there that i can ask a question?
« Reply #2487 on: March 04, 2024, 11:18:25 PM »
Did anyone here apply for the SETC (self employment tax credit) that is available for the years 2020 and 2021??
Is this real? legit?
Many online companies offering service with a upfront fee
Thanks
Where can I find information about this?
Thanks.

Offline Eitan36

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Re: any accountants out there that i can ask a question?
« Reply #2488 on: March 05, 2024, 06:05:36 AM »
I'm trying to decide whether to file my taxes now or wait until the Senate makes a decision regarding the proposed tax bill (7024). If the bill passes, the way the Child Tax Credit is calculated will be significantly altered. Is there any reason to wait or is it better to just file now and wait for the IRS to update my refund amount if/once the bill passes?

Offline tavster

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Re: any accountants out there that i can ask a question?
« Reply #2489 on: March 05, 2024, 06:54:52 AM »
Is there any accountant I could hire for a one hour consultation about the IRS quarterly estimate payment process, refund etc.
Please PM
Thanks

Offline cgr

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Offline tavster

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Re: any accountants out there that i can ask a question?
« Reply #2491 on: March 05, 2024, 11:54:32 AM »
Is there any accountant I could hire for a one hour consultation about the IRS quarterly estimate payment process, refund etc.
Please PM
Thanks
Covered
Thanks

Offline herb

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Re: any accountants out there that i can ask a question?
« Reply #2492 on: March 10, 2024, 12:24:57 PM »
Aside from books/seforim, anything else to deduct from a kollel check?
Is it still 10% that is deducted from your expenses?

I happened to have purchased a lot of seforim this year which almost equals the amount of scholarship. Is there a 'fair' number I can claim just to be safe?
I feel like claiming all of it looks bad

Offline CountValentine

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Re: any accountants out there that i can ask a question?
« Reply #2493 on: March 10, 2024, 12:31:27 PM »
Are you required to claim the interest on matured EE bonds the year they mature or the year you cash them in?
A bond has matured but has not been cashed in.
Only on DDF does 24/6 mean 24/5/half/half

Offline Definitions2

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Re: any accountants out there that i can ask a question?
« Reply #2494 on: March 10, 2024, 06:44:11 PM »
Is it likely that an accountant would be able to do better than a commercial filing software. Situation is - single, regular W2, savings account interest, some selling on eBay (I split the profits)?

I can't think of anything major that would be able to go over the standard deductions. I'm not entirely sure what is considered eligible deductions.

I don't know if there are any special credits that I would be eligible for.

Offline Help

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Re: any accountants out there that i can ask a question?
« Reply #2495 on: March 10, 2024, 06:53:35 PM »
Is it likely that an accountant would be able to do better than a commercial filing software. Situation is - single, regular W2, savings account interest, some selling on eBay (I split the profits)?

I can't think of anything major that would be able to go over the standard deductions. I'm not entirely sure what is considered eligible deductions.

I don't know if there are any special credits that I would be eligible for.
Make sure the software gives you QBID.

Offline Definitions2

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Re: any accountants out there that i can ask a question?
« Reply #2496 on: March 10, 2024, 08:26:31 PM »
Make sure the software gives you QBID.
Thanks. I've never heard of that before. I'll have to Google it to figure out exactly when and what it applies to.

Offline Help

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Re: any accountants out there that i can ask a question?
« Reply #2497 on: March 10, 2024, 08:28:23 PM »
Thanks. I've never heard of that before. I'll have to Google it to figure out exactly when and what it applies to.
It’s a 20% deduction for business income.

Offline herb

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Re: any accountants out there that i can ask a question?
« Reply #2498 on: March 14, 2024, 02:34:43 PM »
When reconciling excess APTC, someone told me that there is a cap on what you need to pay back to the marketplace if you underestimated your income. Anyone familiar with that?