The Small Business Tax Help Blog

Posts Tagged ‘reference’

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Question: Does a 1099-MISC self-employment form count as income towards your state of residence or the employer’s state?

For example, a freelance writer that writes for several US websites across the country will be receiving some 1099-MISCs. Will this count as income only to his state of residence, or to the states (and their associated tax returns) of the companies that are issuing you the 1099-MISCs for your service?

Answer: Income is sourced where YOU work, not the payer.

You are in state A, you pay to state A.

If you travel to work in state B, state B has a claim.

Community Briefs

The Metropolitan Environmental Trust has honored a Memorial High School teacher with its top award.

Self employment: the dance instructor

Question: Considering a move from NY to Chapel Hill NC, need advice and employment options?

My wife is pushing for a family move from NY to Cary, she is sick of paying over 12k in taxes for basically nothing and not having the “good” quality of life that Cary is said to offer. We are hoping to get down for a visit in July and see some of the housing options, however I am more nervous about employment – currently I am the Executive Director for Call Center Operations for a University and my wife is a master colorist/hairstylist so I know she can get a job, however what I do is spefic to the call center industry. I searched the popular web sites and don’t see many director level jobs and know that there are area Universities that I can apply at, however few have call centers. Does anyone have recommendations for a call center executive?

I am really hoping to move my wife and 2 children down to NC so they can have a better quality of life, however I won’t do so without a planned job! Also, I will need to break it to my childrens grandparents that they will be leaving!

Answer: My ex moved us to Asheville NC about 3 years ago. While the housing was considerably less expensive than the homes on Long Island, where we moved from, the jobs also pay less in NC and we found that the cost of living for food, clothes, etc. was nearly the same as NY rates, plus the sales tax and NC has personal property taxes for vehicles, motorcycles, etc.

In Asheville, it costs less money to buy a house than to pay rent in some instances.

good luck to you

English: Cullen Employment Law Firm breakfast

Last week marked two years since the John Key-led Government was elected on a platform of building a more ambitious New Zealand.

Self Employment Tax Tips : 50 Percent Rule for Self Employment Tax

Question: California Form-540 Estimated tax for individuals….does anybody know how to file it?

Who needs to do the Estimated tax filing?

Answer: Per the form instructions:
“Generally, you must make Estimated Tax Payments if you expect to owe at least $200 ($100 if married filing separately) in tax for 2007 (after subtracting withholding and credits) and you expect your withholding and credits to be less than the smaller of:

1. 90% of the tax shown on your 2007 tax return; or
2. The tax shown on your 2006 tax return including AMT.”

See the link below for the full instructions.

Sichuan Borrows as California Combats Muni Crisis: China Credit

While California pays the price for its fiscal emergency on the other side of the Pacific, companies linked to China’s local governments may match their record for bond sales even after regulators added curbs to reduce risk.

Tax Day TEA Party – Fresno, CA

Question: What are key facts to consider when moving to NYC?

We are in a US territory and need information on housing near by without paying 3k a month. We plan to rent first and then buy a house. schools , taxes and employment . I have 10+ years of experience in banking underwritting and customer service. fully bilingual. Any comments will be greatly appreciated.

Answer: move to brooklyn then. Anything in the city will be a fortune and very small. Apartments are very hard to find in the city. it’s not like on TV. Lear the train systems cause owning a car in the city is extremely expensive car port rents are almost as much as an apartment. Good luck.

Treasurer Hall joins Newark mayoral race

NEWARK — Newark Treasurer Jeff Hall became the second Republican challenger to Mayor Bob Diebold on Friday when he announced to The Advocate his intention to run for mayor in 2011.

Jobs For Youth Employer Video

Question: Help with my tax question?

I have 2 kids, ages 6 and 3. I made $10,000.00 working with a company and i made $7,000.00 by self employment. When I do the tax estimator on h and r block, it takes mt refund amount down when i enter the 7 thousand into my income. How can I get the MAXIMUM amount returned at tax time.?

Answer: You can take expenses associated with producing the income.

Depending on what type of business it is, common expenses are
Business mileage
Business use of cell phone
Business use of internet charges
Office at Home

By taking expenses you can reduce the self employment subject to SE tax. You have to pay income tax and self employment tax (.153)

Media Contacts

A provision of the health reform law provides a tax credit to small employers who pay at least 50% of their employees’ premiums. To find out if the credit has actually led to an uptick in new business, HPW randomly surveyed 25 health plan operators.

How to renew your tax credits video 23 – income from self-employment