Archive for February, 2010




Here is the question:

How many do your own taxes or hire an accountant?

If you use an accountant, can you also answer if you do it because:
1. You don’t know how to do your taxes.
2. You don’t have the time.
3. Your taxes are too complicated.
4. Your lazy and would rather pay.

FYI:
I use an accountant, but I don’t have the time, and mine are very complicated. I had 5 W-2s and 2 1099s in 2007. Plus deductions for all of them.




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Where can I find information on tax liens?




I had a federal tax lien placed on me over 20 years ago. Is it still valid? where can I get information on this?
There is a tax lien filed on me in Mercer County N.J. I have never been in that county How do I get info on this?
Thank You




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I am going to be getting a 00 refund. I am not the best with financial planning so I would like some advice… I currently have a loan that is 00, a credit card bill for 00, a class to pay for which is 00 and I would like to put some of it savings. I appreciate the help!




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Are you happier as a Tax Accountant or an Auditor?




Do you see yourself staying in your field for the long term?




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Any ideas to save on income tax before one has to start making withdrawals from IRA?
I thought one way would be if you’re 67 years old and you know you will have major medical expenses in these next 2 years, should you withdraw some out of your IRA since you will be able to deduct the medical expenses from your taxes? Otherwise, if you wait till 70 1/2, then you will not have the deduction benefit.
Any other ways to save income tax when you start making IRA withdrawals?
great answers so far.
The medical expenses are for procedures to be done this year and the next year, afterwards the amount spent on medical expenses will be less than the 7.5% of income required (no more procedures needed- otherwise healthy person).




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Is it possible to stop or settle a current wage garnishment in the middle ? I have been paying on this garnishment for over 2 years but the 10 % annual interest rate is killing me because only a very, very small amount is being applied to the principal the rest is going on the interest. I would like to settle the matter to avoid paying further unnecessary interest.




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"Did you receive a refund of state and/or local income taxes during 2009 from your 2008 tax return or a prior year tax return?" In 2008 we got a refund because we overpaid from what they took out of our paychecks. Does this mean I enter how much the refund was? Or is this talking about some other kind of refund?
I use the standard deduction and the money where the refund comes from was withheld from my paycheck.




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I wanted to know is it possible for a state tax refund to be more than the federal tax refund? Also for New York State form IT-203, when it says for married couples, the standard tax deduction table is ,000, what does this mean?




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I just bought a phone from ATT and noticed that they
calculated the sales tax based on the original price not the discounted price, is this legal?




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Knowledgeable Pre-Paid Legal Rep?




I live in Phoenix, AZ and I am interested in signing up with pre-paid legal. I do not want to sign up with just anyone; I am looking for someone who has been with the company for some years now and also has a knowledge of the legal field. If someone can recommend someone or they are that person..can you help me out please?




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