I accepted a job offer across the country and my employee contract calls for the company to reimburse me for certain fees associated with the move, specifically up to 6% of real estate costs and closing fees for selling my house. The accounting department is indicating they need to withhold payroll taxes on this reimbursement, treating it as an employee benefit. Is this correct, and if so, how can I handle the tax implications of this reimbursement?

January 6th, 2023

If I make $60,000 on a 1099, how much will I owe the IRS?

October 20th, 2023

We set a Vision Ins item for one of our co. owners as a 125 Cafeteria Plan that should not be so now taxes are incorrect. What is the best way to correct this before our final payroll is done in QuickBooks Pro 2009. Our company is an S Corp.

November 18th, 2024

If my income consists of $3k in dividends and $40k in capital gains from selling stock in December 2017, how is my tax penalty calculated for submitting my tax return on April 15, 2018 if I make no estimated tax payments in 2017? If I make an estimated tax payment to NY on December 1, 2017, for the capital gains I would receive on December 15, 2017, would I avoid a tax penalty? What if I make the payment to NY on December 20 instead of December 1 - how much would be my penalty (roughly), if any?

August 24th, 2024

I need a copy of my 2006 W2 form today. How can I obtain it?

December 23rd, 2024