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Taxes - W-2 Question

Chalanachithram.com DB » New TF Industry Related » Archive through April 07, 2015 » Taxes - W-2 Question « Previous Next »

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Ustad
Megastar
Username: Ustad

Post Number: 23908
Registered: 07-2008
Posted From: 76.169.161.29

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Posted on Sunday, April 05, 2015 - 09:37 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Asdf:

adi YES ani pedithe, FBAR file cheyali antundi.

my question is, does it ask the amount of interest i received and do i have to pay tax on that interest?



No idea. I don't have a bank account so I always put a NO.
Making $1,000,000 from trading naked call and put happens only to one in a million, others just go home naked - BM
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Asdf
Side Hero
Username: Asdf

Post Number: 4777
Registered: 12-2014
Posted From: 76.109.165.236

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Posted on Sunday, April 05, 2015 - 08:37 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ustad:

1. Do you have an account in a foreign country?

2. At any point in 2014, did you have an account balance of $10,0000 or more?




adi YES ani pedithe, FBAR file cheyali antundi.

my question is, does it ask the amount of interest i received and do i have to pay tax on that interest?
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Crazy
Junior Artist
Username: Crazy

Post Number: 154
Registered: 02-2011
Posted From: 76.126.211.98

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Posted on Sunday, April 05, 2015 - 07:52 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Jalsa:




if it is 5k ... check fsa or dependent care expenses ... they are tax deductible ... last year yemanna opt chesukunnavemo ...
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Ustad
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Username: Ustad

Post Number: 23905
Registered: 07-2008
Posted From: 76.169.161.29

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Posted on Sunday, April 05, 2015 - 07:21 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Asdf:

is there a column where I can mention interest from foreign account?


Yes.

You will find 2 question:

1. Do you have an account in a foreign country?

2. At any point in 2014, did you have an account balance of $10,0000 or more?
Making $1,000,000 from trading naked call and put happens only to one in a million, others just go home naked - BM
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Asdf
Side Hero
Username: Asdf

Post Number: 4776
Registered: 12-2014
Posted From: 76.109.165.236

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Posted on Sunday, April 05, 2015 - 07:11 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

off topic, i am filing my tax returns.

is there a column where I can mention interest from foreign account?
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Jalsa
Legend
Username: Jalsa

Post Number: 30938
Registered: 02-2008
Posted From: 69.126.211.48

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Posted on Sunday, April 05, 2015 - 06:57 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ustad:



Ok
Only when the tide goes out do you discover who's been swimming naked - Warren Buffett
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Ustad
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Username: Ustad

Post Number: 23904
Registered: 07-2008
Posted From: 76.169.161.29

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Posted on Sunday, April 05, 2015 - 06:44 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Jalsa:


Compare last pay stub of 2014 Vs 2013. You will find the difference.
Making $1,000,000 from trading naked call and put happens only to one in a million, others just go home naked - BM
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Jalsa
Legend
Username: Jalsa

Post Number: 30937
Registered: 02-2008
Posted From: 69.126.211.48

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Posted on Sunday, April 05, 2015 - 06:38 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Gochi:



anni choosaanu annai...may be i selected somethings extra like Long term disability etc...but avi 5K ki amount avvavu anukuntunna
Only when the tide goes out do you discover who's been swimming naked - Warren Buffett
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Gochi
Comedian
Username: Gochi

Post Number: 1953
Registered: 12-2006
Posted From: 64.121.82.184

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Posted on Sunday, April 05, 2015 - 06:33 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Jalsa:

Salary did not change in 2013 and 2014. But 2014 W-2 is showing 5K less as reportable wages - why would it be so?




emanna uttongs pettaara...like Employee stock option, 401k or Health Insurance...veetilo emi changes lekapothe then u can ask ur HR and it may well be a mistake on the W2...u can compare your paystubb from 2013 to 2014 to see what is your gross pay and what are the cuttings
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Jalsa
Legend
Username: Jalsa

Post Number: 30935
Registered: 02-2008
Posted From: 69.126.211.48

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Posted on Sunday, April 05, 2015 - 06:24 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Idhi HR ni adagaali, but ilaantidhi meeru choosuntaru ani post chestunna...
Salary did not change in 2013 and 2014. But 2014 W-2 is showing 5K less as reportable wages - why would it be so?
Only when the tide goes out do you discover who's been swimming naked - Warren Buffett

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