Hi all, I joined a company in 2023, received their relocation package, but left the company in 2024 before 1 year tenure. I had to return the gross relocation bonus (i.e including tax) to the commpany. i heard that it seems like I can receive that tax amount from tax return. However I cannot find ...Read more
Hi all, My FICA should have been withheld at the beginning of 2023 when I joined the company but it wasn’t until Oct 2023 when my visa status changed to H1B. I wasn’t aware and only found out later. I asked a CPA and they told me to reach out to my company for W-2C. But I asked my company for W-2C...Read more
Hi, I got married this year and brought my wife on h4 visa from India. I am trying to apply ITIN for her so that she can be added to my company’s insurance but IRS is asking me a tax return filling with her name mentioned on it. As she was not there with me last year so I cannot have a tax return w...Read more
https://www.wsj.com/articles/irs-tax-collectors-audit-middle-class-tigta-5071d622 #tax
60k in ssn tax and 40k in CA state taxes as couple. How is it fooking possible
I usually have used TurboTax to do all my taxes, but seeing my tax bill is climbing higher after some RSU grant, I have some thoughts about hiring a CPA to do my taxes next year. For those of you that have done it, is it worth it?
My wife worked at Infosys and never received W2 for 2023. Tried contacting the Head office in Texas and also reached out to the alumni group. But none of the options worked. Please let me know if anyone is aware of a way to get it. #infosys #w2 #irs #2023 #formerEmployee
Biden and the Democrats are showing their true colors of corruption. How does the government force you to potentially criminalize yourself by violating the 5th amendment? 😂😂 You can’t make this stuff up.
In the DC/VA/MD area a 1-2 bed condo or townhouse in the neighborhoods we’re interested in typically go for an average of $4k a month in rent, or $800k-$1.3M to buy comparable (so monthly cost of $7k-$10k for mortgage + other expenses to owning). That’s the cost for places that aren’t even that nice...Read more
CPA done with taxes in 1st week of Apr, still have not recieved refund. anyone else who has not received their refunds yet ?
Help me Determining my residency status for Canada Tax purposes... 1) Canadian citizen, having Canadian bank accounts and investment options in Canada (So have secondary Canadian Residential Ties). No Primary Canadian Residential Ties of any kind. 2) For Y2023, lived/stayed and worked in Arizona, U...Read more
Hello- I have a kid in kindergarten going to a private school and after care to a place near my house. But the aftercare doesn’t have a tax id. Does this mean my $5000 is gone I have filed for an extension. #cpa #irs #tax
Looking for recommendations for tax professionals that helps reduce tax liability for W2 earners. Right time to sell RSUs, Short term rental, other strategies. Legitimate strategies only please 🙏🏽 Feel free DM if not comfortable sharing publicly. #cpa #irs #tax TC:~$450k HH TC:$800k-1M
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
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
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 .
#irs
How much tax do I need to pay if I sell 600k stock for down payment of house?
"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