Recent content by the tax lady

"unknowing that if you make a bid you have to pay" Then you didn't read ANY of the pages on eBay. Your bid was a binding contract that if you won, you'd pay. Your seller is/was not required to honor a cancellation request. Your seller will file an Unpaid-Item-Dispute to get some (but not...

It is alimony to you. You deduct it, she ADDs it to her return. While it's technically deductible by her as a medical expense, the odds are she can't.

It's okay. If the IRS has received the tax return, it will admit it. The first estimated refund dates are a joke. Don't believe them until it says your refund is scheduled for this week.

Have you had ANY income? Start up costs cannot be deducted/amortized until you open for business.

Have you had ANY income? Start up costs cannot be deducted/amortized until you open for business.

Are you a cash basis taxpayer or an accrual based taxpayer? You can't switch back and forth. Did you actually open your business yet?

You ask US citizens/Us residents to file a W-9. You ask the non-residents to fill out a w-BEN and give it to you. You withhold 30% for royalties. You send this to the IRS based on the schedule for 1042 withholding. At the end of the year, you give them a 1042-S. IRS pub 515.

You MUST pay yourself a reasonable salary. (If you are doing consulting, reasonable is roughly your gross income to the S-corp.) The FEIE starts with 100% of the income on the w-2.

Then you didn't read the 1040X instructions. 1. 1040X forms NORMALLY take 8-12 weeks, so "told I would have a refund in 6-8 weeks" was NEVER corredt. With the flood of 2 million amended returns, the official time slipped to 20 weeks and that was ONLY if the IRS didn't have any questions and...

The money should go directly to the finance company. You will still owe if the money is less than what you owe.

The money should go directly to the finance company. You will still owe if the money is less than what you owe.

Fat? I think you mean FLAT. As for alternative plan, that's the CURRENT system. As for refuting the flat tax, search on it and you'll find lots against in these boards. A 30% tax does not work, it's not fair.

And how is this *not* a pyramid scheme?

So, dude, explain *why* you have $10,000 in savings but also have $10,000 in student loan debt and $2000 in credit card debt? You don't seem to have your priorities right. By the way, do NOT trade using your dad's account. The IRS will get confused. Edit, leveraging has gotten millions of...

So, do you have $100,000 and warehouse space to buy thousands of games at one time?