The Small Business Tax Help Blog

Archive for June, 2009

Call, response and task of prophetic action

Second part of a five-part essay: “Religious Life as Prophetic Life Form.” This is the second part of a five-part essay by Immaculate Heart of Mary Sr. Sandra Schneiders on the meaning of religious life today.

Keynote Remarks: Quest for Excellence 2009

Stocks end flat following mixed economic reports

Investors treaded water for a second day Wednesday as a batch of mixed economic reports and signs of division among Federal Reserve policymakers offered little new insight into the economy.

LLC Nonwage Income Ch1

Question: For new businesses do you open business bank account with ein number or duns number?

Answer: I used my Tax ID number. You need to consult your bank for what they need. Check their website or call ahead of time.

Ad hoc: LifeWatch AG gibt die Resultate für das erste .

——————————————————————————– Ad-hoc-Mitteilung übermittelt durch euro adhoc mit dem Ziel einer europaweiten Verbreitung. Für den Inhalt ist der Emittent verantwortlich.

Sara Nuru, Deutschlands knackigster Po in New York

Question: I did not file income tax return for the past 10 years?

I am an USA citizen (California resident). I moved to Taiwan 10 years ago to teach English. In the past 10 years, I file tax return in Taiwan, but I thought I don’t need to file tax return in USA and California. I earn approx. US$30,000 every year. Now I am applying green card for my wife. The embassy here ask me to file tax return for year 2005. My questions are:

1. Do I need to file income tax return (Fed and CA) for the past 10 years now?

2. Would I be penalized for not filing in the past?
3. Is private tutor income qualified for foreign earned income credit? If my students did not give me invoice, what kind of supporting document is needed?

Answer: I'd strongly suggest that you consult with a CPA or tax attorney. Among other things, you must file a timely return to claim the foreign earned income exclusion. You may well be penalized for late filing and payment of any taxes due. Those tax years are all still open and need to be closed. As I said, you need professional help and you need it quickly.

Tepper Turns Panic to Profits With $6.5 Billion Hedge Fund Gain

David Tepper often throws a $20 bill on the floor when he’s weighing a big investment with analysts at Appaloosa Management LP.

TurboTax Rap Contest

Tax Time: File Early!

If you’re expecting a tax refund check this year, you better start getting that paperwork ready now! Due to the state’s fiscal crisis accountants are warning people to start early.

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