The Tax Preparation Blog

Posts Tagged ‘web2.0’

Question: Catholic charities deciding how to enforce immigration law in america, now?

http://www.catholic.org/national/national_story.php?id=21819

The U.S. bishops’ conference opposed the construction of the 700-mile fence as an ineffective method of solving the problem of illegal immigration and as act that will lead to an increase in smuggling-related violence.

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I neither attend religious services, nor do I pay tithe, nor do I expect special consideration as a ‘heathen-american’.

If the catholic charities have all this money etc., then why don’t they spend it where it’s needed? God knows there’s enough hungry people around the world, should we be taking our orders from a religious institution that once upon a time backed Mexico in a war with the United States? I’m thankful for secular government….I’m not against a Bible being in the courthouse etc., but I think organized religion should pay taxes and not be trying to pass legislation nor subvert our Constitution…Jesus, Inc. is Big Business, these days…

Answer: Catholic Charities – Catholic Church who always say one thing ,while doing another. If the Catholic Church really cared they would of never allowed ongoing child sexual abuse cases to continue which is costing them millions. That’s why they want more illegals here, their going broke need -those pews need to be filled and that collection plate filled, just to help cover the millions they are forced by law to pay out in lawsuits. Illegal aliens are the perfect solution for them

Spare Backup, Inc. Sees Recent Launches With Distribution Partners Yielding Revenue of $500,000 to $1 Million in 4th …

Management Sees a Progressive Increase in Recurring Revenue With Current Distribution Partners Totaling $20 to $25 Million in 2011

AAA Tax Service Of America

Question: Tax Question for my freelance job. Thanks?

Hi, I live in California and I have been doing some freelance work besides my full time day job, the freelance work I do generates about $3000 worth of extra income per month.
A couple friends of mine have been telling me the possibilites of putting some expenses as tax deductions for the income I get from freelancing. Expenses such as computer purchase, car lease payments, cell phone bills…etc
Can anyone give me an estimate on how much % of the expense are deductable for some of the items I mentioned?
Such as if I buy a $3000 laptop, how much of that would go into tax deduction?
thanks so much for helping

Answer: For your freelance work you will complete schedule C (Form 1040) where you can deduct your business expenses. This includes car mileage/car lease payments and phone bill based on percentage of business use.

The computer/laptop is capital expense. Normally you take depreciation for capital expense. However, if you use such goods for more than 50% for business you can deduct full amount under section 179 deduction. The business use must continue for five years.

For completing your tax return you should use software and do it yourself or use a tax preparer. Software will guide you about section 179 deduction.

Community Calendar

Submissions for Community Calendar are required 14 days preceding the date of publication. Send to: Niles Managing Editor, Pioneer Press, 3701 W. Lake Ave., Glenview IL 60026. Information may be faxed to (847) 486-7495 or e-mailed to mbottari@pioneerlocal.com.

Steve Poizner Speaks With Fortune Magazine’s Tech Talk

Question: Part-time Nanny in 2006-2007, How do I file?

I Nannied October 2006- August 2007. My Employers paid me “under the table.” Now it’s tax time and I am not sure how to go about filing since they did not ask for my SS#. I am assuming that they are not writting my chilcare services off, since I did not receive word or notice of any forms to file?

Answer: If they paid you under the table, you are not required to claim that money.

TEC Technology Announces Third-Quarter 2010 Results and Introduces Fourth-Quarter Guidance

TEC Technology, Inc. , a leading supplier of power and communications transmission towers and related infrastructure products, announced unaudited financial results for the third quarter ended September 30, 2010.

Basic Explanation of W-4 tax Form : Two Earners & Multiple Jobs: W-4 Tax Form

Clarence B. Jones: The Debt and Budget Commission — An Opportunity for Presidential Leadership

The financial management of our government does not require algebra, calculus or knowledge of algorithms. It requires only an understanding of the basics of arithmetic: We are spending $3.00 for every $2.00 of revenues.

CPA Websites: Online Tax Organizer

Question: Income tax and stipends?

Im aware that my PhD stipend (£12k+) is tax free.
The question is, does any income from a part time job get taxed right off at the new 20% rate, or, only get taxed if my part time job goes over the personal allowance of like £5k?

Answer: You will be taxed at 20% if your part-time earnings go over £5435. You do not have to do a Tax Return, as you do not come within the self-assessment criteria.

Ten Questions for Tea Partiers

Ten Questions for Tea Partiers

NH: Income taxer doubts ACORN involvement in tax push