Re: Tax Day - April 15!! Tips and suggestions Hi Subha, Do not worry! This always happens. I don't understand why they rejected your W-7. Call IRS toll free number-- 1-800-829-1040 immediately and they will guide you. When you file 1040 electronically, they don't need a signature. They need your PIN. If one does not have a PIN,(as far as I know) a form must be filled with your signature on it. Did you buy H&R's peace of mind plan while filing tax returns? If yes, it is H&R's responsibility to get it all done. Even if you did not buy the peace of mind plan, it is their duty to guide you properly. Visit the H&R personally and talk to the representative. Take care! best,
Re: Tax Day - April 15!! Tips and suggestions Subha - sorry for the delay in responding - I was on vacation - Sindhuja has correctly responded to your question. Did you e-file or paper-file your return? If you paper-filed your return, you will have to sign the return regardless of whether you had income or not. H&R Block should give you guidance on this.
tds return and sales tax filing Hi all, i have just entered in Restaurant business and i am already filing monthly and quarterly returns but i have no idea how to file annual returns for TDS and Sales tax...if anyone is having any idea ..please help me guys...or u can suggest me someone in bangalore who can help me in this.. Cheers Chanchal
Can Anyone advice on filing Income tax for home business owners? Hi, My friend is a running a business from her home . It's a small business. She needs advice on filing Income Tax returns. Give me your advice and experience on it, Nainika
Re: tax deduction for home office I don't because I have heard from several accountants that this is one of the biggest reasons for getting flagged in an audit eventhough its legit. When you factor in the pro-rated cost of the space, its not that much overall. Cell phone bills, Internet, computers etc. are much easier but when you get into personal/business use of your home, I get worried. I am sure many people do it, but an audit is an experience I don't want to deal with. I think a good accountant can advise you on your situation and whether it makes sense.
Re: tax deduction for home office Chaaral Pls go through this link for more info on home office deductions Claiming a Deduction for Your Home Office However, ensure that incase of any audits you should be able to provide the required documentation about your home office i.e what business or work you are into , and other bills
Hello Friends Now that the year end is around....the HOT topic on the block is about TAXES!!! I have started this thread to discuss various queries on Taxes like Filing Taxes, Itemization, Deductions, Minimizing Taxes, Filing Status etc... lets share!!:cheers
Here goes my first question.... I have been trading stocks online through Scottrade...Till now I have not taken out the profits out of the account (i.e didnt transfer funds out of the trading account) and all the amount is invested...nothing is remaining in available funds.. Now my question is...How does taxes affect the stock trading? i.e whenever I got some profit I sold the stocks and again bought another stock investing the money i.e including the profit I got from previous stocks. So do I have to pay taxes on the profits I secured? or do I have to pay taxes only when I take the money out of the account? How does it work? any idea on this?
Dear SreeVidya such a great thread. I am sorry I don’t have an answer for your query but a query about allowances. If I make an investment of 1lakh my tax nullifies to zero, but I have my medical bills to submit for medical allowance; which will take the tax (as I think) to a negative value. What happens in this case? Are we paid back or are medical allowance/HRA/ travel allowance etc be used only for reducing the tax?
