Filing Separately Or Jointly
Question: Better to file separately or jointly..?
Me and my husband owe taxes for the first time, due to main income coming from pension now. We were wondering if filing separately would help out lowering the number? We’ve always filed jointly in the past.
Answer: Married Filing Joint has lower tax rate so in most cases, filing joint is much better off than filing separate. Some deductions are disallowed if you file as Married Filing Separate.
HOW TO: Legally Structure your Startup
Nellie Akalp is the CEO & Co-Founder of CorpNet , her second incorporation filing service company based on the simple philosophy of truth in business and her strong passion to assist small business owners and entrepreneurs in getting their …
8/4/09: White House Press Briefing
Income Tax Filing Online In India
Question: How to file tax returns in india online?
I live in Chicago USA and have an ICICI NRO account. ICICI pays good interest on this account. The only problem is that they deduct tax on whatever interest they pay.
Since I live in US and settled here, I have no income in India except this few thousand Rupees of interest. So, if I file tax returns, I will not be liable to any taxes. Does that mean that I will get back all this tax deducted at source (TDS) if I file tax returns?
How hard is it to file taxes? Can it be done online? I have a PAN number. I never used it though. I have not worked in India ever and so never paid taxes there. So, pardon my ignorance. Can this all be done online? If yes, then what is the effort and cost involved.
Thanks so much
My question was where to file? what is the site?Answer: A non resident is liable to tax in respect of income received or deemed to be received in India by or on his behalf and income that accrues or arises or is deemed to accrue or arise in India during the previous year.
for the year 2006-07, no income tax is payable if it does not exceeds 1.00 lac.
now you can file return on line. you need digital signature to file return. you dont need to spend any money except digital signature. around US 100.
Preparing India Income Tax Return – Part 2
Tax Refund Returns
Question: How long does it really take to get an amended Tax Refund?
I filed my taxes about a month ago and already got my refund back. Hoewever, I didn’t claim my tuition and had to do an amended tax return. I couldn’t e-file the amended tax return so I had to mail it in. I did this about a week ago. I checked the IRS website and they said it could take anywhere 8-12 weeks to process amended returns. My question is, does it really take that long? Has anyone on here had to do that? How long did it take to get your refund?
Answer: I filed an amended return for 2008. I mailed it in on 12-28-09 and was quite surpised when I got my check for the amended return 6 weeks to the day. I had called the IRS to check on it at about 4 weeks and they had no record of it yet so I didn’t expect to receive it for a long time since they are into the current tax season. The man I spoke with said at least 12-16 weeks so there is hope!
IRS Plans to Stop Underwriting Tax-Refund Loans for Banks Over High Rates
The U.S. Internal Revenue Service said it will stop electronically underwriting Tax Refund Loans made by banks including HSBC Holdings Plc and Republic Bancorp Inc. that lawmakers and consumer groups say carry unfairly high interest rates.
IRS TAX TIPS: TOP RETURN MISTAKES (ASL, CAPTIONS & AUDIO)
Head Of Household On Tax Return
Question: my husband and i filed head of household on our tax returns can we get in trouble when we file bankrupcy?
we were seperated in 2008 but now are together
Answer: If you weren’t together at any time between 7/1/08 and 12/31/08, and each of you had at least one child living with you and provided over half the cost of maintaining your household, then you could both file as head of household. If one of you didn’t meet those rules, then that person couldn’t file as HofH, even if that person claimed a child as a dependent but the child didn’t live with him or her over half the year.
Your filing status and bankrupcy are unrelated, but if one or both of you filed as HofH and didn’t qualify to, that person needs to amend their return.
FPI Overnight Brief
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BRT (BIBLE READING TIME) Day18 – Matthew 10:8 & 31