Taxable Income Levels
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Question: Kalifornia SDI taxable/federal?
A friend of mine was asking today if State Disability Insurance income was federally taxable.
We know that Unemployment Insurance is not, up to a certain level and that’s no problem.
Let me know.Answer: This is a bit off-topic for the question, but I felt the need to clarify a point in case it was applicable to someone reading these responses.
Tro stated that NO disability is taxable. This is incorrect. Any disability insurance benefits resulting from employer-paid premiums are federally taxable as income, in direct proportion to the portion of the premium that is paid by the employer. Many companies provide fully employer-sponsored disability plans. Benefits from these are fully taxable.
Fitch Rates Riverside, CA’s Pension Oblig BANs ‘F1+’ & Downgrades GOs to ‘AA’; Outlook to Stable
SAN FRANCISCO–(BUSINESS WIRE)–Fitch Ratings has assigned an ‘F1+’ to the following Riverside, CA (the city) bond anticipation notes (BANs): –$31 million taxable pension obligation refunding BANs, 2011 series A, at ‘F1+’. Proceeds will be used to refund the city’s taxable pension obligation BANs, 2010 series A, which Fitch affirms at ‘F1+’. The 2011 BANs are expected to sell on June 1, 2011 …
Christopher Hitchens on Taxes, Abortion, and Politics (1992 – Part 4)
Irs Taxable Income Chart
Question: How much federal tax should be taken out of a weekly paycheck of !1281.02?
I’ve seen an IRS booklet at work before, where you can look at your federal taxable wages, look at the chart, and it shows what the federal income tax should be for that check.
Answer: depends on how you filled out the W4
GAO: Millions owed in stimulus back taxes
Sharyl Attkisson: Taxpayers are getting ripped off to the tune of hundreds of millions of dollars by companies that received stimulus funds
Irs Electronic Filing Dates
Question: I filed my taxes electronic through a tax preparer and it was acknowledged by the IRS on 1/21/08.?
My husband and I owe $481, which we knew prior to filing. How long must we wait this is the third week. We do not have a refund date as of yet.
I was told that my refund should be electronic deposited. I only owe $481. (small amount)
comparing to my refund. I first had a deposit date of 2/1/08. Then my refund status changed to there is a delay in processing your refund. It did not give me a new date. It did not provide any date at all.Answer: If you *owe* money, you don’t get any refund!
You should have been told where to send your check to the IRS for the money you owe, unless you made arrangements to have them take the money directly out of your bank account. You should check with your tax preparer and find out when and how you’re supposed to pay.
Community Notes
* The Bloomfield Chamber of Commerce will meet at the Pepperoni Grill at noon. The guest speaker will be Paul Bowen to speak about Ruler, the new grocery store that is opening in Bloomfield.
IRS tax filing changes
California Tax Refund Warrants
Question: How can I cash a controllers warrant outside USA?
I am wondering how can I cash a controllers warrant which I have received as a Tax Refund from state of California that is payable by the treasure of the state of CA.
The problem is that I am currently living outside USA; I live in Egypt.
By the way, the money is not that much to travel to USA to cash the money and get back
Answer: You’ll probably have to return that warrant to the State of California and request a check. You can then deposit that check to your bank in Egypt though there will be fees for converting it to the local currency.
Clean Energy Reports Revenue Rose 67% During The First Quarter of 2011
Clean Energy Fuels Corp. (NASDAQ: CLNE) today announced operating results for the first quarter ended March 31, 2011. Revenue for the first quarter ended March 31, 2011 rose 67% to $65.3 million, up from $39.0 million for the first quarter of 2010.