Recent content by Jalabee

Hi. I have an S-Corp in California, and I outsource some web development work to India. The work is managed by a company called Elance, which is essentially an escrow company (based in CA), that connects small businesses with freelancers. How would this be accounted for on my 1120? COGS...

Hello. My wife and I are preparing to remove the conditional status on her green card by filing the I-751. Although we are still 90 days from the expiration of her green card, what happens if we do not received the new green card before the old one expires? I heard that the wait is...

What is the name of your state? CA I owed $1000 in CA state taxes for 2003. This was paid in calendar year 2004. Can I add this amount to my witheld 2004 state tax to itemize on my federal schedule A (line 5a)? Thanks!

What is the name of your state? CA Hello. I owed $1000 in state income taxes in 2004 (paid in 2005 upon filing return). Can I deduct this amount on my 2005 federal return? Thanks.

What is the name of your state? CA Hello. I am considering to take out an HELOC to pay off the balance of my used car loan. Would the interest on the HELOC be deductible? Thanks.

Hello. I am self-employed and work as a software trainer. I work as an independent contractor for a software company training their clients how to use their products. Last year I received a 1099 reflecting my earnings. This year, in addition to the training, I am doing some sales for this...

Hello. I am self-employed and make quarterly tax payments to the IRS. I file jointly with my husband, whose taxes are withheld by his employer. With respect to my quarterly payments, I understand that if our total yearly payments are 100% of last year's tax liability, we are [generally] not...

What is the name of your state? CA Hi. I recently purchased a computer for my business for $1200. Due to the relatively low cost, am I *required* to depreciate this over 5 years, or can I just deduct it all in one year? Thanks.

What is the name of your state? CA Hello. I would like to learn about capital gains taxes assessed on non-US citizens. I am a US citizen, and my wife is a legal, permanent resident of the US. When we sell our home, what--if any--difference is there in the capital gains structure in light of...

What is the name of your state? CA Hello. Last year, I itemized my 2002 deductions for my federal return. Among these deductions I included my state tax withholding amount. However, I received a refund on my state income tax for '02. I recently received a 1099-G (Report of State Income...

What is the name of your state?

Hello, and Happy New Year. I recently transferred my Roth IRA from one brokerage to another. In doing so, I was charged $100 in fees and expenses. Could this amount be deducted on line 22 of Sch. A? Thanks for the help.

Hi. I am self employed and I got married this year. I have paid my first three quartlies under my maiden name, and am wondering how to handle the fourth. Do I need to inform the IRS of my name change? I'm filing jointly with my husband in '03, and am not sure if I should use my married or...

What is the name of your state? CA Basic question: Is federal withholding more for single or married employees? Thanks.

Two months ago I filed for adjustment of status, and was told that it would take about 8 months to get a greencard. I was also told that in the meantime, I would be contacted to get fingerprinted and also to schedule my interview. I haven't heard anything from the INS, and I filed at the...