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I would call a tax attorney/accountant in

Posted By: California (NM) on 2009-01-19
In Reply to: How to research a supposed law in California saying I owe taxes for work there even though I live ou - Emily Ayn

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Hmm. Every doc, nurse, attorney, accountant
I know is making WAY good money and none are working at McD's!!! LOL


You can usually call an attorney and
But, you do have a receipt and the title. Let the person go ahead and make a fool of himself. You owe him nothing, don't let him bully you.

PS - Am very sorry for your loss.
Call an attorney, but ....sm
In the state of NC a few years back, one person could not force the other to sell in this situation. I went through something similar with my siblings. I ended up buying their portions.

But, no, at that time and again in my state, you cannot be forced.
She needs to call her State Attorney General's office and the police.
She has been scammed. She'll be lucky if they don't continue drawing off her account or do identity theft since she gave out her private information.
Not an accountant
I am  not an accountant -- you can ask a financial advisor or someone.  I do have a business, business license - pay city business tax, etc. Registered name with the state.   So for me I can.  Also should clarify that what you can contribute does depend on what your income is after your business deductions.  I cannot claim all of the 10K that I contribue because after all my deductions my income does go quite low.  But I continue to contribute it to both an IRA and SEP so that I can maximize my deductions.  But being an MTSO/IC does give me more usable income because I do maximize my deductions and plan for the future.  
Man! Do I pay a lot for my accountant!
I've given him 22 of the best years of my life, two children, and I do most of his cooking!
But, seriously, my husband is a CPA, and yes, he uses TurboTax. He uses the professional version which has a few more bells and whistles, but that's what he's used for years, and that's what he recommends. In fact, he really wishes his "shoebox and paper bag" clients would just learn to use TurboTax. He has to do corporate returns by March 15, and those suck the life out of him. He doesn't even bother with anyone's personal returns until after March 15.
Unless you have a complicated list of investments, unusual expenses, multiple businesses, or nonprofit stuff to file, you probably would manage just nicely with TurboTax.
As for me, my return is already completed. If he doesn't do it now, he won't have time to finish it in April. I haven't done a tax return since I was 21 years old. :) Lest you feel jealous, know that he can't do a darn thing mechanical around the house, and he snores like a bear! Happy New Year, and Happy Tax Season!
I am going to be an accountant -
I will graduate in December with my associates degree and then on to a job somewhere out of transcription while I work on my 4-year and CPA.
MT to accountant?
I am looking at going into accounting (associates degree - obtaining it on-line).  Does anyone have any thoughts, opinions, ideas, suggestions, anything that might be helpful or useful to help guide my decision as to whether or not to pursue it?  It will cost me about $8000 over the next 2 years, but I will be able to continue to work full-time as an MT, though will be trying to juggle full-time MT, full-time school, and a 2-year-old, so it will be interesting.  That's about it.  Any opinions are well appreciated. 
per my accountant - and being on production

being on production, you don't know what you're going to make - so it doesn't apply to us.  In the beginning, I used to pay quarterly.  I now pay annually and the IRS just returned $3700 in overpayment to me for this year.  Yep, I just recently received a check back for overpaying my 2005 taxes!!!  As long as you pay and on time, the IRS lets us do this.  Been doing it this way for years now and I have no IRS problems *thank goodness*


Better get a better CPA/accountant if they don't tell you these things......or maybe different strokes for different states, but I don't think so.



I pay yearly also....per my tax accountant. sm
It doesn't matter as long as you pay - quarterly, yearly, etc.

You really need a good accountant. sm
SS# is fine. You will need to give your contractor a 1099 at the end of the year and deduct her income off of the top. That is a deduction for you from your gross.

Really, though, you need an accountant because things do tend to get a little tricky.

Good luck!
Check with accountant
Pay the money and get do a consult with an accountant so you can understand the basics and know what and what not to do.  The money is well worth it.   Or get an old copy of Turbo Tax for self employed to see what you can and cannot use for deductions.   All of my accounts use by SSN on my 1099 which will will receive from them and in turn prepare a 1099 for your IC or subcontractors.   Be sure that they meet the requirements for IC's.  Go the IRS website and this will give you some information but again I cannot stress with all of those who are starting out find a good accountant and get their expertise advice.  After 2 to 3 years of having my account handling my business, and our joint tax returns and advice, I am now able to do it on my own with Turbo Tax for the past 15 years but to begin with you need some expert advice.  I am not knocking you but it really sounds like you do not have an understanding of even the basics of how to handle the taxes and finances of your business so you need to do some homework and get some advice.   It is simple but again with his/her help you will know that what you are doing is correct and that will cause a lot less headaches in the years to come. 
Patti
Yep, me too. My accountant deducts these
every year and I am a regular employee, not IC.
Thank you. My accountant has given me advice.
He said I should pay the contractors less.

Yes, the point was for me to make money.

What I'm saying is that it is tough. Not just for MTs. It is a tough business right now. There are lots of companies who can snatch my accounts easily. MTs want more money, clients want faster TAT, I have to be able to afford my equipment and business overhead (and it is SLIM, very lean) but apparently I am the one who is supposed to do without.

Everyone keeps saying to just pay less. Then MTs will quit. Then I'll be forced to send work overseas.

It's a mess.

Appreciate your reply, though.

I'd get a new accountant. I work FT as an
employee, have since day one and I can itemize and claim everything but the self-employment taxes. 
Get an accountant...even H&R block will do.
I made the mistake of doing the taxes myself one year (TurboTax)and ended up getting audited for that year 2 years later. Luckily it only cost me $1200 but I'm sure it could have been much worse. I just go to H&R Block. At least if I get audited again, they'll handle all the work AND pay my fine if it's something they messed up on.
become an accountant or personal trainer
Although I dont make under 10$ an hour as an MT, try working more as my supervisors and managers have told me in the past when I have asked for a raise. In all seriousness, where do you work that you make that little?  Are you paid by the line and how much?  Switch companies, do not accept less than 8 cpl.  I saw an ad for MDI and they start you at 8.5 cpl.  IC's usually make 9+, if you do not need the insurance coverage.
I dunno know - leave it up to my accountant. That is what I pay him for. nm
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If you had an accountant do your taxes, contact him or her. nm
x
See an accountant. I'm sure you saved your old income tax
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get an accountant -- you can take off their fee as a tax deduction and to me, it's worth it to ma
sure my taxes go in quarterly and correctly so that I don't get slammed at the end of the year!
Taxes regarding self-employed = getting an accountant
Get yourself one, and he'll explain everything you need to know.
I wouldn't file w/o an accountant. sm
I know some use Turbo Tax and the like with success, but I like the security of having an accountant tell me what I can and cannot deduct based on my personal situation and facts. You can find private CPAs that don't charge an arm and a leg and the amount is also tax deductible. Our CPA does our taxes and answers questions throughout the year for a very nominal flat annual fee. Well worth it, especially if you ever get audited.
Don't forget the accountant's/bookkeeping
Legal fees, Internet service, subscriptions, dues to organizations, repairs to equipment, % of office space, postage (if applicable), mileage (if deliver/pickup), advertising (if applicable), security system (burglar alarms, etc. if applicable),probably more I can't think of right now.
Why don't you ask the accountant who did your taxes last year?
I'm sure they are better able to answer that question than anyone here.
I suggest you seek out an accountant sm
Since you have no experience as IC, you really need to talk to an accountant. Honestly, that is the only way to be knowledgable about it. I had to do that 18 years ago when I started as IC. Each year, the tax laws are updated, new write-offs, things you were deducting can't be deducted anymore, etc.

I have had the same accountant now for about 12 years, and he is not that expensive. Last year, he charged $180. Not too bad.
That's right. Would you give your plumber or accountant a raise?
Or, since they're a business and not your employee, would you expect they will raise their own rates when necessary?
You need to talk to accountant. His fee is tax deduction, you will want several dedections each
6
Don't worry about what you have to pay an accountant. You'll make it up

you OVERPAID your taxes by almost $4K? Sounds like YOU're the one who needs a better accountant.
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I'm repeating what my accountant told me. Go argue w/him I guess.

He said find out what you need to make and then multiply that x 3.


 


I paid at least 30% tax last year, or more.  even with my piddly deductions.


 


Get an attorney now
Find an attorney that will take your case - then let them write the letter. Just talk to a couple who handle medical malpractice -these are severe medication errors.
Do u think a lawyer or accountant or doc has "QA" person - nope, if they screw up... they scr
As an MT, we know what our job is period. WE produce a report at 98% quality or better. This should be done without QA as we should take pride in our work and make sure it is correct. Of course, then again, we are "tested" for a job. Other professionals are not. I refuse to be. If a company mentions a "test" that is a big turn off for me.


Bottom line - know what you are doing and complete an accurate report (within 98% for human error rate which we all have) or learn another field... not a hard concept
got the "phone call" -- get this, MQ has hired a bunch of telemarketers to call all of us to

we received our "incentive packet."  They don't even have the wherewithall to contact us personally.   These are temp-agency hired telemarketers sitting around a boiler room making sure we're reading our mail.... told him it don't pertain to me because I've been demoted from FT to SE.... He said, "yes, the letter is vague, but it does pertain to FT as well as SE...." yeah right, we'll see.


attorney general
good idea.  I have contacted an attorney already (I am a corp by myself so I have access to an attorney) and he states that legally there is nothing right now that I can do. I can possibly sue them later down the road, but they have not done anything illegal. He suggested to try and "sugar" them into paying me.  I will contact the attorney general's office. The company and I are in the same state, so that helps tremendously.
Get an attorney and have them draw one up for you. sm
It costs about $200 and well worth it!
power of attorney
by QA mgr says im supposed to capitalize but i dont agree (so i dont, hehe)
He was my divorce attorney
.
You get an attorney to type it up...sm

My dad's attorney typed it up for me and I had it notarized and then MAKE TONS OF COPIES because you have to prove you are able to make decisions for your Mom.  I had this power of attorney for 10 years, my dad dying last January. 


I suppose you could get some form.....even probably at Office Depot...I got a living will there, actually a package of them.  It's just more complete to have an attorney do this 2-page paper for you...and not terribly expensive either.


Best of luck to you and your Mom. 


Consult an attorney....
He'll tell you everything you need to know to operate a business, and it will be an hour's worth of money well spent......
You need a good attorney NOW!! My
friend's sister died at the age of 51 because a doctor prescribed birth control pills for the mood swings of menopause without first checking her triglycerides or doing any blood work. Her triglycerides were very elevated, and the addition of the medication caused her pancreas to shut down and she died. There is a big lawsuit on this one, too.
I would get an attorney to fire off a ...

letter.  I have had to do that several times in the past (not MT related), and it is amazing how quickly things are resolved.  It has only cost me $35 to explain the situation to the attorney and have a short letter sent.  I think it would be well worth it in your case...$35 vs. $1300.


Also, be sure to send the letter certified, return receipt requested.  Even though that is only to obtain proof of delivery, there seems to be something "official" about it...and that can't hurt. 


If you hire an attorney (sm)
you an also request reimbursement for your expenses, court costs and attorney fees. I would mention this in my letter to the MTSO also. If this MTSO does this to you I guarantee you are not the only person they are doing it to.

Good luck
I think you should consult an attorney

who specializes in modifications and have them do a forensic audit of your loan.  Are you in one of those toxic arms?   WFB might be forced to modify your loan if attorney discovers any discrepancies.   If you don't want to consult an attorney I would suggest calling the lender and asking to speak to someone in the loss mitigation department.  The regular Joes in customer service aren't qualified to help you.  Be prepared to reference paystub/bill information and spend awhile on the phone.  I wish you well.


Capitalize Power or Attorney or not?

Husband is a corporate attorney
He makes more than I do - obviously.


We must follow our attorney's advice. (NM)
Goldbird
Still, I say find a good attorney way outside your
nm
Prosecuting attorney's office.

*70 will disable call waiting unless you are expecting a call and want it on (nm)
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My husband is an attorney and suggested the same thing to me once.
http://www.bls.gov/oco/ocos152.htm

It definitely sounds more promising than MT but it does also sound like you'd be back to Square One with training/schooling.

It may be well worth it.

Best of luck whatever you decide!