I did my PA taxes using the PA Direct File site last night. I noticed that the site (as well as the new PA-40 paper form) now asks you to calculate and submit use taxes. Use taxes are the inverse of sales tax; when you buy something out of state (like from Amazon, for example), you are supposed to send Pennsylvania the same amount that you would have paid in sales tax had you bought that in state. Not surprisingly, nobody ever does that, and that tax largely goes uncollected.
Using the anonymity offered by the internet, does anyone actually plan on going back through all of your online 2011 purchases and sending the state 6% use tax (7% if you live in Allegheny County) on everything the Commonwealth considers taxable? I must admit that the amount I entered might have been slightly "inaccurate."
Oh yeah... I feel an obligation to pay the government as much as I can possibly afford to.
I did my PA taxes using the PA Direct File site last night. I noticed that the site (as well as the new PA-40 paper form) now asks you to calculate and submit use taxes. Use taxes are the inverse of sales tax; when you buy something out of state (like from Amazon, for example), you are supposed to send Pennsylvania the same amount that you would have paid in sales tax had you bought that in state. Not surprisingly, nobody ever does that, and that tax largely goes uncollected.
Using the anonymity offered by the internet, does anyone actually plan on going back through all of your online 2011 purchases and sending the state 6% use tax (7% if you live in Allegheny County) on everything the Commonwealth considers taxable? I must admit that the amount I entered might have been slightly "inaccurate."
we actually had a client of ours call us-on his own volition-and ask us for help with filing his use tax form. the guy bought a tv on amazon. kenny the kangaroo admires this mans honesty. or duty. or something.
What is the form for LT capital gains via selling some stock?? Is that a 1099-DIV? I'm waiting on etrade to get it to me and they said not until 2/15 boo.
What is the form for LT capital gains via selling some stock?? Is that a 1099-DIV? I'm waiting on etrade to get it to me and they said not until 2/15 boo.
Yeah, 1099-DIV for any sales regardless of whether you will characterize them as short or long term cap gains.
What is the form for LT capital gains via selling some stock?? Is that a 1099-DIV? I'm waiting on etrade to get it to me and they said not until 2/15 boo.
Yeah, 1099-DIV for any sales regardless of whether you will characterize them as short or long term cap gains.
Thought so. Is it legal for them to withhold that until Feb 15th? I thought everything had to be available by 1/31.
According to turbo tax I should be getting a nice refund. Im skeptical though. I still have to enter my forms from selling some small amounts of stock.
My mother, brother, and sister all 3 have paid tuition. On my parents, I claimed all their tuition, but claimed my mothers in the tuition and fees deduction, and claimed brother and sister as Education Credits using form 8863. Is that ok? Or should I claim all 3 as education credits?
Guys--I do taxes for a living. (Corporate and Individual) If you have questions, feel free to PM me.
I have a business that I will call a "family" and we sell "merchandise" and if our customers don't pay us we give them "offers they can't refuse." My question is...if I buy my "product" from say...Colombia...where do I pay my taxes...and if I have to hire a "specialist" to a "contract" for an unpaying customer...can I write that off as a business expense. Also, if I have already taken into account depreciation on a horse I own...if, by some means...that horse is beheaded and found in someone's bed...can I write that off as a loss?
Guys--I do taxes for a living. (Corporate and Individual) If you have questions, feel free to PM me.
Cool, would you mind answering in here? What's good for the goose is good for the gander
I can try, but as you can imagine....this is sort of a busy time for me. Soooo.....if you've got a burning question, it's sort of easier if you PM me....'cause I'm not always on LGP with regularity.
Soooo.....if you've got a burning question, it's sort of easier if you PM me....'cause I'm not always on LGP with regularity.