January 20th, 2010 by admin
Question: Where do I put the amount of federal income tax withheld on the Form 1040?
For example, a person’s 2008 salary was $ 84,000. $ 3,500 was withheld by her employer for federal income tax and $ 2,900 for New York State and city tax. Which line do I put the federal income tax, state [...]
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January 7th, 2010 by admin
Question: $2,000 tax on $8,000 income?!?
I recently became a self-employed Pilates instructor (because there is no other kind), and am preparing my self-employment tax forms. I have estimated that I will make $8,000 for the second half of this year. And after calculating the honest way, my taxes owed on this [...]
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November 30th, 2009 by admin
Question: I make about 8k per month from tutions. Which form should I use to file my income tax return ?
Though my income is not taxable, I still want to file IT return because I want my income to show up as seperate from my husband’s. I dont get any salary slip and I dont [...]
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November 17th, 2009 by admin
How long should you keep your statements?
You have probably heard that you should retain copies of your federal tax returns for seven years. Is that true or a just myth? How long should you keep those quarterly and annual statements you get about your investment accounts? And how long should you keep bank statements before [...]
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November 1st, 2009 by admin
Question: From where to get a Saral form for filing tax returns,for salaried persons?
thanks
Is it available at convenient places apart from Income tax office
Answer: Saral form or 2D Form are not in use for 09-10 Assessment period now new form ITR 1 is in use for filling return for salaried person last date [...]
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