Hi everyone! I joined Amazon in 2022 when I lived in NY. I was awarded some stocks. Later I moved to FL, stocks got vested in 2023. Total stocks released was 200. 70 of them were auto sold to cover taxes. My Morgan Stanley account shows: Federal Tax (22%)… Social Security (6.2%)… NY State Income ...Read more
Trying to budget for housing and realizing I need to potentially sell a substantial amount to afford what I want. If I have roughly $100k RSU every year, how much can I expect to take home? Assuming I sell right away after vest, do I get taxed on that? Would a good rule of thumb be 35% marginal tax...Read more
Got one for 2023 for $3000. There have been some complaints that they sent a wrong one , but I think for me its correct as I earned more than 1 ETH as a staking reward. Although that increase my federal + state tax liability by almost 1K . Can someone tell me why is increasing so much?#cpa #irs #ta...Read more
Has anyone been able to get their elderly parents to stay on B2 visa in USA. I am on h1-b and want to keep my parents in USA with me. There is a provision in foreign affairs manual to keep elderly parents in USA for years on b2 .
"The Internal Revenue Service (IRS) has disclosed that it raked in nearly $5 trillion in taxes from Americans in the last fiscal year, while boosting the amount it paid out in refunds by nearly 3 percent and boasting that it kept its pledge not to increase audit rates for those earning less than $40...Read more
For current couples who (may) have a marriage tax penalty, what are your tax strategies? Definition of a marriage tax penalty: the partners pay more income tax as a married couple (even filing married separately, note that you can’t filling separately as singles when you married in the US ) than th...Read more
I received a debit card from Netspend. I never opened any account with them. On reddit someone posted about CA state tax refund coming in debit card. Has anyone got card from Netspend ? or is it identitty theft ? I have not activated card so far
https://www.fidelity.com/learning-center/wealth-management-insights/biden-budget-proposal The top individual income tax rate would rise to 39.6% from 37% for income above $400,000 (single filers) or $450,000 (married filing jointly). The net investment income tax rate would rise to 5% from 3.8% for...Read more
They have accepted my filing but haven’t deducted the money from bank. Is this an issue? If so what should I do? My assumption is it’s busy out there and they’ll do it in coming weeks.
For the people who take CPA’s help for tax filing for self or llc’s how to do they protect them selves from identity theft? A CPA with bad intentions or one who do not know how to keep them secure can make fraud. #tax ##irs #cpa
Got a $60k tax bill for married filing jointly on $700k total household annual wages. I sold stock to pay for $30k of it. Now am wondering if that was a bad move and if I could have paid it off slowly until Oct 18th. Am I an idiot for having sold stock to pay a tax bill? My cpa is an idiot as he kep...Read more
Anyone here who already filed their Indian Income taxes? I am getting the following error when I try to Proceed to Verification. The problem is the developer put "NO" as the value for "NRO" for the Bank Account Type in their code somewhere which is failing their schema. [#/ITR/ITR2/PartB_TTI/Refun...Read more
so last year we took maximum withholding and still owe IRS 89K. I sold RSU to transfer money to bank account but it takes over a week and money still not in yet. Saw that there is a failed debit from IRS on Monday, what will happen? I can't sleep, please help!!! I also have a hefty late payment pena...Read more
Hey everyone, I need some advice. My CPA has already prepared my tax return (not filed yet) and generated Form 8879, but I haven't signed anything or paid yet. Unfortunately, there are several mistakes in the return, and I'm not getting timely responses from my CPA. Is it appropriate to ask him no...Read more
I filed extension for 2023 tax, but I believe the payment is still due 4/15/24. I am sending personal check by mail, but what happens if the mail is marked to be sent on 4/16? Do I get penalty for a day late payment? It’s snail mail so it could take a few days to get there anyways. It’s for Calif...Read more
TC 300k
As the title mentions.. You can claim tax credits for tax paid on foreign income to governments where the US has a double tax avoidance treaty (such as India). However India's tax cycle ends on March end. So how is the income for the last 3 months accounted? Blind tax: 210k
Everyone is complaining about paying huge amounts in taxes, but think about what your tax dollars buy. Universal child care, universal health insurance, free college, subsidized housing, beautiful public transit... hold on, I am reading from the Germany page. We get to fight a bunch of wars... and g...Read more
As per NY tax code, W2 has to report full income for NY state (not just RSU). But while filing state tax should I put % of income from RSU as my State wage?
I contributed to RH Traditional IRA for 6500$ in Dec 2023. I and my spouse have employer sponsored 401k which we maxed for 2023. We wanted to claim additional 6.5k deduction but seems our MAGI is 161000$ and exceeds the IRS limit (it appears that it limits at 136000$ for traditional) for married fi...Read more