I owe the IRS money but got married in 2007 can we file seperately and her still get a refund?
Answers: Its IRS form 8379 Injured Spouse Allocation.
Yes, but it's complicated. You are best off consulting a tax professional.
In general, married couples will have a lower overall tax bill if they file a joint return. Also, couples filing separately will lose out on a number of important tax breaks. Nonetheless, filing separate returns makes the most sense when one spouse owes a significant amount of money, but the other spouse could get a refund. It also makes sense when one spouse is cheating on their taxes, and the other spouse doesn't want to be involved.
I am buying a jacket but i want to figure out wat it will cost including taxes, how do i do this?
Answers: Okay, now we're getting closer to the answer.
I assume you are in Canada, since this is the Canada section. So ignore any answer involving state taxes.
I do not know if you are in a province with or without HST or PST. Whatever the case, you need to find out. Go to this link, it shows the rates for the different provinces. Note the effect of HST and (in Que and PEI), the effect of the provincial tax adding to the GST.
http://en.wikipedia.org/wiki/Sales_taxes...
1. How much is the Jacket?
2.How much is your state sales tax?
3. Add lines 1. and 2. together
example: Jacket = $ 175.00
Sales tax at 6%=$10.50
Grand Total= $185.50
The only exception to this rule is if you buy it online and they dont charge you sales tax in your state.
Use Kurt B's answer, but do it once combined PST and GST, or the HST.
So, if your PST is 8% and GST is 5%, you would multiply by 1.13 (13%)
the cost times 6% lets say if your jacket costs 100.00 times that by 6% and you will get your total...6% if you live in michigan.. i don`t know what it is in other states..
Question roughly speaking how mileage works when you report your taxes...?
This will be my first year filing as a business owner and I be curious as to how the miles are determined...do you get a spot on amount of $ for each mile? Any info. would be greatly appreciated. Thank you.And yes I will be reunion w/ an accountant...I just want an belief of how this works before I join w/ them.
Answers: There are two ways of calculating vehicle expenses. You can either take off the actual costs incurred for business purposes, or you can deduct 48.5 cents per business mile.
48.5cents/mile. that take into account adjectives car related expenses including gas,repairs, depreciation, insurance, etc.
You can also affix tolls and parking.
Our accountant takes the conclusion for the vehicles we own for the business (like depreciation and the amount allowed as the standard). They can also transport a mileage deduction or gas supposition. Your accountant should look at your situation and tell you what is best for your business.