#tax

How do I prove that due tax is paid on time when filing for tax return?

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How do I prove that due tax is paid on time when filing for tax return? Hello, So I am about to file tax return, which has approved extension 4868. I had tax due, for which I paid rough estimated amounts at the time of filing extension on APR2023. Is there steps I have to connect this payment made on APR2023 when I file tax return? I am asking this, because, using turbo tax download version, it doesnt look like th…

Reddit Personal Finance 602 2023-12-03

I had way too much tax withheld — how to temporarily adjust W-4

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I had way too much tax withheld — how to temporarily adjust W-4 Long story short (you can look up my previous post if you’re curious/want details), I had way too much tax withheld from my first paycheck at my new job because I received a double/retroactive paycheck and it calculated my yearly salary as if I make double what my salary actually is. Now I’m getting “dinged” in my next two paychecks as well beca…

Reddit Personal Finance 948 2023-11-01

$300 tax on $1000 USD. Help me understand this US Tax.

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$300 tax on $1000 USD. Help me understand this US Tax. I recently visited a conferene in the US and I was given $1000 USD travel grant which was suppode to come to my Canadian account. But when I checked, I only recieved $700 as they deducted $300 taxes on the sum. I am so surprised so see this much tax. I am a tax pay in Canada. Is it normal to get taxed so much on a travel grant? Thanks submit…

Reddit Personal Finance 412 2023-10-31

Tax exemption on Square

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Tax exemption on Square My works website is currently through Square. It’s a bakery and where I live pastry items are considered groceries after 6 and are tax free. As far as I can figure out Square only has tax exemption you can set for $ amounts but not item amounts. Has anyone else had to deal with something similar and figured it out? Is there some kind of extensio…

Reddit ecommerce 880 2023-10-16

Understanding HSA and tax advantage

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Understanding HSA and tax advantage I have an HSA account with about $8000 in it, I’ve maxed it out a couple years and plan to continue to do so. My deductible is $5000. My wife and kids are on her insurance without an HSA. I don’t remember what their deductibles are off hand. I think I’m at a point where I want to invest additional money I’m putting in keeping only $5000 in my H…

Reddit Personal Finance 197 2023-09-04

After tax amount in 401k

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After tax amount in 401k Hello, Have pre tax and after tax amounts in 401k. Know pre tax amount to rollover to traditional IRA at Fidelity or Vanguard,.. On the after tax amount, can it go into taxable account or can I rollover to ROTH account at Fidelity or Vanguard ? Called 401k admin person, she said they will send a separate check for after tax amount without noting…

Reddit Personal Finance 179 2023-08-30

LPT: Don’t assume the suggested tip amounts at the bottom of a restaurant bill were calculated correctly. Tip are supposed to be calculated against the pre-tax subtotal, but often restaurants include the tax in the calculations to pad the tip. Sometimes they just flat out make up numbers.

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LPT: Don’t assume the suggested tip amounts at the bottom of a restaurant bill were calculated correctly. Tip are supposed to be calculated against the pre-tax subtotal, but often restaurants include the tax in the calculations to pad the tip. Sometimes they just flat out make up numbers. photo example of completely made up amounts in my comment below edit: this is not a commentary on tipping culture. I’m simply pointing out that the math is often incorrect on bills, and they are never in your favor. submitted by /u/PluckPubes

Life Pro Tips 159 2023-08-17

Tax advice for overseas workers!

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Tax advice for overseas workers! Hi! So I recently hired my first video editor and he lives in the phillipines, how do I claim this on my taxes, do I give him a w-9 like normal for U.S. citizens or do I just show proof of my payment receipts ? submitted by /u/Odd_Roof2126

Reddit ecommerce 160 2023-08-15

US Customs Tax Question

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US Customs Tax Question I went to Italy in October 2022 and bought around $5k worth of items. When I returned to the US, I declared the merchandise. The CBP officer look through my luggage and asked me to fill out the declaration form for the items, which I did. The officer told me I had to pay around $300, but because there was no cashier at that time, he told me that…

Reddit Travel 150 2023-07-30

Sales tax question: I live in Canada and I get sales from the US. My province has a 13% sales tax. If I’m selling to someone in the US, am I charging my province’s sales tax (13%) or their state’s sales tax? Thanks in advance for any info you can provide.

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Sales tax question: I live in Canada and I get sales from the US. My province has a 13% sales tax. If I’m selling to someone in the US, am I charging my province’s sales tax (13%) or their state’s sales tax? Thanks in advance for any info you can provide. I’m using Shopify and I’m just a bit confused about how the whole sales tax thing works. I looked on the Canada Revenue Agency’s website and since I’m a ‘small supplier’ I don’t have to charge sales tax for my province at all until I make a certain amount per quarter. Should I just start entering each state’s sales tax onto Shopify? submitte…

Reddit ecommerce 211 2023-07-24

Sales tax

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Sales tax If I have a certificate of authority and sell on a marketplace (Chairish, Etsy, 1st Dibs) that collects sales tax on my behalf, can I still use a resale certificate to buy the goods tax free? submitted by /u/FigureGlad2793

Reddit ecommerce 235 2023-07-18

nopcommerce and tax

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nopcommerce and tax Hello! I’m about to launch a nopcommerce based website and I’m wondering if there’s an easy way to set up tax, or do I need to go in and set it up for each state/ country? There has to be an easier way…? Forgive my ignorance! submitted by /u/PatchouilRatatouille

Reddit ecommerce 258 2023-07-13

Question about tax withholding

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Question about tax withholding Hello, I just started my new job and got my first paycheck and was a bit confused about tax withholding. When I signed my W2 it was just a standard deduction which was new to me since I used to allowances at my old job but found out that has been taken away. The income from the new job is around the same as my old job. It is just my old job had …

Reddit Personal Finance 237 2023-07-12