Income tax questions

[linkmosaic]

I dont want to assume anything about your plans with the fiance, but here is the link to Pub 17 which is the bible for the IRS and part three is their definintion of dependant:

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Best of Luck.

[Zeldoid]

OK. Here goes. I didn't file income taxes last year. I Plan to file this year. What are the implications? Do I file twice? What are the implications?

[linkmosaic]

ok,

first I am assuming you needed to file last year, true?

if so yes you file for both years seperatly, I hope you dont owe...

let me know if you want more details, i can help ( no charge)

I have both turbotax for both years...

pm and I will send you more contac info..

how complicated is your return?

Good luck....

[petemurphy001]

I have a tax question for anyone that can answer.
I have a job offer with a company out of Calgary Canada. I will be on contract working here in the US. Are there any different tax implications working this way other than I have to file a 1099 and pay my own taxes?
Any risks?

Thanks

[linkmosaic]

Originally Posted by petemurphy001

I have a tax question for anyone that can answer.
I have a job offer with a company out of Calgary Canada. I will be on contract working here in the US. Are there any different tax implications working this way other than I have to file a 1099 and pay my own taxes?
Any risks?

Thanks

I think for someone to help you you need more details, for example, if you were a US resident, and you tax home is the USA then you just calim the income from 1099 as other income, or on SCH C if you have other expenses against it. And you cant claim any foreign tax credit.


If you were a non us resident, I mean you are canadian and just working here is the usa, then you have to look at tax treaties between the two.

Feel free to PM rather than dicuss here.

fore the first example look at PUB 514 from IRS
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for nonresident working in the usa:

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[kds2005]

I got a question Im 22 live at home with parents I made 14000 this year and I go to school full time should they claim me as a dependent? If i can be independent would that effect any fasfa paper work later on?

[mikeupnorth]

Originally Posted by mickyphoenix

Ive been working for a well known tax company for 10 yrs..
So if you have any tax questions I may be able to help..
Now I dont know each and every state but for Federal questions lol ask away..
Grrr its getting to be that time of year again... lol

My wife was granted Social Security disability benefits last April, retroactive to May 2004. She received a lump sum payment of about $28,000 which I understand is taxable - at least in part. The problem is that she was receiving taxable interim disability through her employer while the Social Security process was ongoing and after the SS payment, about $18000 was reimbursed to the employer. Is there a way to adjust the lump sum payment for the reimbursed amount (on which taxes were paid in previous years)?
Thanks for any help you can give.

[mobydiq]

I have a question about medical expenses. I spent over $3000.00 in 2006 for an operation that was not performed until 2007. And have made a $11000.00 payment in 2007 for another operation but has not been performed yet. What can I claim as medical expenses?

[mobydiq]

Hey,
Mickyphoenix, You out there? You make yourself as some kind of TAXGURU, I've had a question for you for a few days and not even a peep from you. If that's best you can do, have a nice rest of your Corporate Life. I'll get my help from elsewhere.

[zammuto]

I have a 19 year old son who goes to college and live with us. If he files his own taxes,can we still claim him on our taxes as our dependent?

[linkmosaic]

If you calim him as a dependent, then on his form he answers YES to a question that asks if someone else can calim you as a depeneded.

If you are useing turbtax, you can run the 2 seniorios, one with him alone and one with him being dependendt on you and see which one is beter for all of you .

PM if you have more specific questions.