The Tax Preparation Blog

Archive for the ‘Tax Calculators’ Category

Budget 2011 – live reaction and analysis

LIVE: LATEST news as it comes to hand as Treasurer Wayne Swan delivers his fourth Budget – and Julia Gillard’s first as PM.

Partial Differences Subtraction App for iPhone and iPod Touch

Investment Performance Measurement (Frank J. Fabozzi Series) $45.00 Many investment books include a chapter or two on investment performance measurement or focus on a single aspect, but only one book addresses the breadth of the field. Investment Performance Measurement is a comprehensive guide that covers the subjects of performance and risk calculation, attribution, presentation, and interpretation. This information-packed book covers a wide range of related top…

TurboTax Business Federal + E-file 2011 $92.99 This software is perfect for business-minded consumers as it comes with a step-by-step guide for accurate taxing, calculations and deductions. The Intuit TurboTax Business Tax Preparation Software’s flexible industry settings manage tax processes for a number of American corporations and partnerships. This software also includes free Federal E-file that performs electronic tax return service…

Newport Partners Income Fund Announces 2010 Annual and Fourth Quarter Financial Results

TORONTO, ONTARIO– – Newport Partners Income Fund today announced its results for the three months and year ended December 31, 2010.

Tax Tips: Earned Income Tax Credit 2011

Question: I need help with tax calculations?

I need help figuring out if our family is going to owe taxes or have to pay them. I am looking for someone who is fluent in taxes. My husbands YTD income was 38,382.00. My unemployment income was 9.300 and I chose not to have taxes taken out, so I am sure I will owe that at least. We have 1 dependent under the age of 18.

His:

Federal witholding: 3,838.00
Social Security: 2,262.00
Medicare: 529.00
State:1,441.00

We bought a house in 2010 and the interest we have paid on it is 2,535.00
Also we bought a car which we paid 6% sales tax, the car was 9,740.00

Can anyone try to plug in some numbers to help me out. Times are tough and I am really worried about our taxes. Thanks and God Bless.

Answer: MFJ both over the age of 25 and under the age of 65 1 QC dependent under the age of 18 so that would mean that he is 17 and was NOT under age 17 at the end of 2010, is that correct?
If the QC was under the age of 17 at the end of the tax year 2010 you would qualify for the child tax credit amount of 1000.
Your taxes are estimated at $2,162.
This is 4.53% of your total income of $47,682. Your total tax payments and refundable credits for the year were $3,838. Your tax refund is estimated at $1,676. Your income puts you in the 15.00% tax bracket.
You should be able to use your state website and find a estimated tax calculator for your use.

http://www.dinkytown.net/java/Tax1040.html

Hope that you find the above enclosed information useful

QuickBooks Enhanced Payroll 2012 $179.99 QuickBooks Enhanced Payroll for up to 3 Employees 2012 Retail Small Package…

TurboTax Business Federal + E-file 2011 $92.99 This software is perfect for business-minded consumers as it comes with a step-by-step guide for accurate taxing, calculations and deductions. The Intuit TurboTax Business Tax Preparation Software’s flexible industry settings manage tax processes for a number of American corporations and partnerships. This software also includes free Federal E-file that performs electronic tax return service…

Federal Estate Tax Returns: Calculation & Preparation $795.00 …

U.S. wants states to reveal more about pension funding

A federal board will soon propose that U.S. states disclose more about their pension funding as worries grow whether states and municipalities can pay for their employees’ pensions.

Federal Withholding Tax 2010, 2011 Increase

Question: Online calculator to optimize 2010 W4 withholdings?

My husband and I get back around $5,000 federal refund every year, and around $1,500 State, even though he already has a high number of exemptions (I have been home since having my baby last year and am only making a small amount doing childcare). Between tithe to church, interest on our condo, property taxes, 401K, insurance and other deductions, 40% of his income is gone before we touch it (another 25% to federal, state, etc. taxes).

I’m hoping to optimize his W4 at the beginning of 2010, so we can have that money on a monthly basis, rather than letting the government earn interest off of our money until they refund it. The IRS has one for the remainder of 2009, but I can’t find one I can use to estimate the right number of exemptions for next year. Does anyone know of a website where I could put in forecast numbers to get an idea of the number of exemptions he should put?

Answer: You can adjust your W-4 any time during the year, so go ahead and use the current IRS calculator. When they update the calculator, re-run the numbers and adjust if needed.

Bennett Environmental Inc. (“BEI”) Reports Fourth Quarter and 2010 Year End Results

OAKVILLE, ONTARIO–(Marketwire – 03/28/11) – Bennett Environmental Inc. (TSX: BEV – News ) (the “Company” or “BEI”) today announced its financial results for the year ended December 31, 2010 and the results for the fourth quarter 2010. Revenue for the year was $32.7 million, pre-tax income was $16.6 million, after-tax income was $14.4 million and earnings per share was $0.41 on a fully diluted …

Waste And Abuse: The Refuse Of The Federal Spending Binge (Part 2 of 2)

Investment Performance Measurement (Frank J. Fabozzi Series) $45.00 Many investment books include a chapter or two on investment performance measurement or focus on a single aspect, but only one book addresses the breadth of the field. Investment Performance Measurement is a comprehensive guide that covers the subjects of performance and risk calculation, attribution, presentation, and interpretation. This information-packed book covers a wide range of related top…

Accenture Reports Strong Second-Quarter Fiscal 2011 Results

Accenture reported strong financial results for the second quarter of fiscal 2011, ended Feb. 28, 2011, with net revenues of $6.05 billion, an increase of 17 percent in U.S. dollars and 18 percent in local currency over the same period last year and exceeding the company’s guided range of $5.6 billion to $5.8 billion.

Climate Change -The Transport Challenge