Q9： 因为去年去一个公司面试，reimburse了taxi 的钱，一共才67块钱，收到了1099-misc表(这个公司我后来没去的)。好了，现在我用turboC deluxe 来填的1040，就因为这项非要说我是 contract worker, free lance or self employed，要填一个schedule c，可是我看这个schedule C， 都是什么business blah blah，我觉得不对啊，我应该怎么填才好呢？

 

A：既然他们给了1099，你只能填个schedule c了。收入就填这67块，然后再支出里，travel expense填67刀taxi

[此贴子已经被作者于2009-3-9 10:47:57编辑过]

Q10：如果paper file的话，银行利息的那些1099表格，需要寄过去吗？
A： 不需要，银行已经交了。

[此贴子已经被作者于2009-3-9 10:48:12编辑过]

Q11:

收到一张1099-MISC,   在box7那有1400 刀，打电话去问说是去开会的reimbursement.

这个也要交税？那是看instruction说要填到1040 line 7,还要填表8919要补交SSN tax and medicare tax?

是这样啊？也太麻烦了吧

再问，如果放了FSA childcare，刚自己试着填了下，好像还能拿credit for child care expense?对吗

谢谢

A： you can deduct the expenses related to the conference on line 24, using form 2106.

跟FSA还是有关的
比如你花了5千刀在child care上，其中3千是从FSA里出的，那你只能有2千刀的expense，如果按20%，可以得到400刀credit

A2：

file a schedule C, report $1400 income, and report your travel expenses (including meals).  You will need to pay self employment tax on the net.

If you have FSA childcare, the max is $5K (does not matter how many kids you have).  This is good if you have 1 child. When you file your tax returns, you need to report the childcare expenses.  The max on tax return is $3K per child.

Example 1, if you have one child, you take $5K FSA childcare, you need to report $5K childcare exp on your tax returns, otherwise you need to add it to your income since the $5K is not in Box 1 of your w2.  you won't be able to take any other child care expense on your tax returns.

Example 2, if you have two children, you take $5K FSA childcare.  Since you can report max $3K per child, so you have $6K, net with $5K FSA, you can have credit for $1K child care expense, which is $200 for most of the people.  If you income is low, the credit % is higher.

[此贴子已经被作者于2009-3-9 10:48:21编辑过]

Tax Credit:

Here is some info regarding $400 tax credit.

Congress has approved new economic stimulus legislation, the American Recovery and Reinvestment Act of 2009. The IRS is working closely with Congress and the administration on the stimulus legislation and will implement tax-related provisions of the new program as quickly as possible.

Additional details will be available on this Web site, IRS.gov, as soon as they become available.

Following are a few questions and answers on the legislation.

Could the new legislation affect 2008 tax returns? Generally, no. The new legislation does not have any major impact for the vast majority of individuals preparing their 2008 tax returns due April 15. Instead, these changes will largely impact 2009 tax returns filed next year, in 2010. Taxpayers should continue to prepare their 2008 tax returns as they normally would.

There are a few limited areas in the legislation that could impact 2008 tax returns. For example, for some small businesses, changes in the net operating loss provisions could affect 2008 tax returns. More details on this and other changes — such as the first-time homebuyer’s credit — will be available soon.

When and how will people get the $400 to $800 “Making Work Pay” tax credit? Taxpayers will not get a separate, special check mailed to them like last year’s economic stimulus payment.

For many taxpayers, the additional credit will automatically start showing up in their paychecks this spring. For people who receive a paycheck, the credit will typically be handled by their employers through automated withholding changes. For some other people, the credit can be claimed when they file their 2009 tax return next year.

More details about the “Making Work Pay” credit will be available soon, including an updated version of the withholding tables contained in Publication 15, (Circular E), Employer’s Tax Guide.

Does this new stimulus legislation have any impact on the recovery rebate credit for 2008 tax returns being filed now? No. But the IRS reminds taxpayers and tax preparers to make sure they properly determine eligibility for the recovery rebate credit before they file their 2008 federal tax returns.

Where are more details on the tax provisions of the legislation?
The IRS will be providing more details on this web site as it becomes available. A summary of the key provisions is available from the Senate Finance and House Ways and Means committees.

$400 to $800 for many taxpayers

For 2009 and 2010, the Making Work Pay provision of the American Recovery and Reinvestment Act will provide a refundable tax credit of up to $400 for working individuals and $800 for married taxpayers filing joint returns.

This tax credit will be calculated at a rate of 6.2% of earned income and will phase out for taxpayers with adjusted gross income in excess of $75,000, or $150,000 for married couples filing jointly.

For people who receive a paycheck and are subject to withholding, the credit will typically be handled by their employers through automated withholding changes in early spring. These changes may result in an increase in take-home pay. The amount of the credit must be reported on the employee's 2009 income tax return filed in 2010. Taxpayers who do not have taxes withheld by an employer during the year can also claim the credit on their 2009 tax return

Five Important Tax Credits 

Check it out! You might be eligible for a tax credit. A tax credit is a dollar-for-dollar reduction of taxes owed. Some credits are even refundable. That means you might receive a refund rather than owe any taxes.

Here are five popular credits you should consider before filing your 2008 Federal Income Tax Return:

1. The Earned Income Tax Credit is a refundable credit for low-income working individuals and families.  Income and family size determine the amount of the credit.  For more information, see IRS Publication 596, Earned Income Credit.

2. The Child and Dependent Care Credit is for expenses paid for the care of your qualifying children under age 13, or for a disabled spouse or dependent, to enable you to work or look for work. For more information, see IRS Publication 503, Child and Dependent Care Expenses.

3. The Child Tax Credit is for people who have a qualifying child. The maximum amount of the credit is $1,000 for each qualifying child. This credit can be claimed in addition to the credit for child and dependent care expenses. For more information on the Child Tax Credit, see IRS Publication 972, Child Tax Credit.

4. The Retirement Savings Contributions Credit, also known as the Saver’s Credit, is designed to help low- and moderate-income workers save for retirement. You may qualify if your income is below a certain limit and you contribute to an IRA or workplace retirement plan, such as a 401(k) plan. The Saver’s Credit is available in addition to any other tax savings that apply. For more information, see IRS Publication 590, Individual Retirement Arrangements (IRAs).

5. Health Coverage Tax Credit Certain individuals, who are receiving certain Trade Adjustment Assistance, Alternative Trade Adjustment Assistance, or pension benefit payments from the Pension Benefit Guaranty Corporation, may be eligible for a Health Coverage Tax Credit when you file your 2008 tax return.

There are other credits available to eligible taxpayers. Since many qualifications and limitations apply to the various tax credits, taxpayers should carefully check their tax form instructions, the listed publications, and additional information that is available on the IRS Web site at IRS.gov. IRS forms and publications are also available by calling 800-TAX-FORM (800-829-3676).

[此贴子已经被作者于2009-3-28 2:07:52编辑过]

Tax Rebate:

Q1: 我有个问题哈，希望知道的给好好说说，关于去年stimulas plan的。
去年我没有ssn，和老公是married jointly保税的，导致去年没有拿到1500大刀。两大人每人600加一个孩子300.

但是政策好像说今年拿到ssn的，今年报税后可以拿到去年的这个钱。

我的问题就是有什么表可以填，还是就跟往常一样报税，这次写上我的ssn号，他们就会自动把去年没给我们的钱给我们吗？

大拿们给说说，这可是很多很多钱啊。

A:MM, below is the link from IRS that talks about recovery rebate credit. It will give you all the information need.

The recovery rebate credit is a one-time benefit for people who didn't receive the full economic stimulus payment last year and whose circumstances may have changed, making them eligible now for some or all of the unpaid portion.

http://www.irs.gov/newsroom/article/0,,id=186065,00.html

[此贴子已经被作者于2009-3-28 1:05:02编辑过]

A:

MM,俺在很前面已经贴过了，在给你贴一遍吧。

1。先从下面的连接确定一下你去年拿到的tax rebate数额
https://sa2.www4.irs.gov/irfof/IRServlet?app=IRACTC

2。通过下面这个worksheet计算你今年可以拿到的recovery tax rebate的数额
on pages 61 and 62 of the Instructions for Form 1040 (pdf).

You can also ask the IRS to calculate your rebate recovery credit for you. On the dotted lines next to Form 1040 line 70 write in "RRC."

我们是married filling jointly, 去年拿到了rebate. 今年用turbotax报的税, 1040上70项是0, 去年我们家里添了个宝宝, 我以为会拿到300刀呢.

 刚才填写recovery rebate credit worksheet, 上面只是让填写1040的信息, 也没有说到底是哪年啊. 我的问题是这个收入是指2007年的收入还是2008年的收入? 我们家07年AGI符合标准, 可是08年的就不符合了.

A： 这个credit是要用2008年的收入计算的。你看1040 line 70的instruction，第一句就说your 2008 tax information is used to figure this credit.

Q4： 我的问题是关于file dual status，拿2007年的tax rebate 1040表的line 70，是要看年收入是否少于75000(single)或者 150000(joint） 我的问题是，这个年收入是看2008年的还是2007年的？我2007年是NR，没拿 谢谢

A：要看2008年的。