| Author | Message | ||
Mahiz Junior Artist Username: Mahiz Post Number: 724 Registered: 10-2012 Posted From: 108.80.190.16 Rating: N/A |
ante ? | ||
Wellsfargo Side Hero Username: Wellsfargo Post Number: 5265 Registered: 06-2012 Posted From: 183.83.39.12 Rating: N/A |
state tax comprise most portion of itemized deduction. | ||
Jeffa Junior Artist Username: Jeffa Post Number: 552 Registered: 10-2012 Posted From: 73.231.28.224 Rating: N/A |
I will tell you all non-immi visa (H1 etc) guys who are thinking about itemizing to save $$ and potentially screwing up your future REAL BAD. Many of you fall under standard deduction. But many fradulent (example finalysis.com) mis-direct you to make their $$. Here is a case which we have handled: A CTS consultant in my client company (named Mr X) and his room mates(most of them CTS folks as well) and other such misled group of folks followed finalysis for 3 years and saved Ton of money. Finalysis incorrectly deduct MANY non-eligible expenses under itemization(RENT, Flight tickets etc) and show a BIG FAT return check. In reality you cant deduct many of those(Example: You cant deduct your living facility rent, food expenses etc.. only you can deduct if you use a facility/expense to execute the job. Example: You use a part of your house as your Office, you can. But being a consultant working at a client premise or at your office, you cant show your place where you clean your kitchen vessels as tax deductible). I saw this on their 4th year of happy ride and strongly advised them to talk to a CPA, They spoke to the CPA and paid all balances(amending the past 3 years taxes) by paying additional CPA fee for each amendment and balance taxes.. and they are VERY LUCKY that IRS didnt start poking them from IRS side. If so, there will be penalties, interest etc..(this is not a third part information. I can give that person details to cross check if we reach that level to confirm this.) All I want is you guys make a right judgement. Playing ping-pong with US laws is very sensitive. | ||
Bharat Comedian Username: Bharat Post Number: 1273 Registered: 06-2015 Posted From: 107.15.73.238 Rating: N/A |
NO https://www.irs.gov/taxtopics/tc500.html | ||
Moviebuff001 Junior Artist Username: Moviebuff001 Post Number: 456 Registered: 06-2013 Posted From: 208.92.228.62 Rating: N/A |
https://www.calcxml.com/do/inc10 Good calculator. | ||
Moviebuff001 Junior Artist Username: Moviebuff001 Post Number: 455 Registered: 06-2013 Posted From: 208.92.228.62 Rating: N/A |
Let us assume that you spend on average 3K per month with receipts. For a sales tax of 7.25%, Your sales tax would total to be 2610. Which would be less than 12.6K. No go in my opinion. | ||
Rasputin Megastar Username: Rasputin Post Number: 20013 Registered: 02-2008 Posted From: 172.56.18.170 Rating: N/A |
"HR block at home" software use chesthaanu nenu, coz it is cheaper than TurboTax. Okka saari mathramey itemized > standard ayyindi (medical expenses were huge). all the other years standard deductions ye. 01/06/2012 - 169.4; 8/1/2013 - 182 | ||
Rusthum Side Hero Username: Rusthum Post Number: 5825 Registered: 04-2015 Posted From: 64.6.23.1 Rating: N/A |
indulo emem pettachu? house rent kuda pettacha? | ||
Bharat Comedian Username: Bharat Post Number: 1270 Registered: 06-2015 Posted From: 107.15.73.238 Rating: N/A |
Go for itemized if you candeduct more than $6,300 | ||
Sanju Side Hero Username: Sanju Post Number: 3050 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
you can do it if you are claiming parents/inlaws as dependents who visit and stay more than 6 months in a year. I think that is the only way you can claim flight tickets anukunta... | ||
Sanju Side Hero Username: Sanju Post Number: 3049 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
mee deductions 11k kantey ekkuva vuntey itemized cheyyandi or else use standard deduction which allows 11k deduction by default! Own house untey think cheyyochu itemise cheyyataniki like mortgage interest, propperty tax, car registrations/property taxes etc ki | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 3021 Registered: 04-2015 Posted From: 108.31.48.178 Rating: N/A |
emiti chupinchedhi unless you can prove that it is for a business meeting. dhoola teerudhi. If you are independant contractor, ne business development ki ani chupinchali. chala mandhi vesestharu gaani very risky. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Ipc302 Moderator Username: Ipc302 Post Number: 22007 Registered: 02-2008 Rating: N/A |
y ereason etti choopisthavu bhayya...never heard of this before | ||
Rahul Side Hero Username: Rahul Post Number: 4556 Registered: 12-2010 Posted From: 137.69.117.208 Rating: N/A |
indian flight ticket chupinchachu. Medical expenses if they cross 10% of your gross income itemize cheyyachu. Car registration fee /renewal chupinchachu(not tax) | ||
Man_of_masses Legend Username: Man_of_masses Post Number: 42158 Registered: 01-2008 Posted From: 104.129.204.55 Rating: N/A |
bills unte saripodu asalu aa expenses eligible aa kada anedi important bills unnai kada ani leni ponivi anni itemized lo choopiste, time baaleka random check lo dorikite ghoramaina penalty untadi Success Doesn't Guarantee Happiness.. http://i42.tinypic.com/54g1g2.png | ||
Rusthum Side Hero Username: Rusthum Post Number: 5822 Registered: 04-2015 Posted From: 64.6.23.1 Rating: N/A |
inthamundu evado eppudo india flight tickets itimized lo pettochu ani annadu.. nijamena? nenu inthamundu eppudu pettaledu.. | ||
Mahiz Junior Artist Username: Mahiz Post Number: 722 Registered: 10-2012 Posted From: 172.56.38.203 Rating: N/A |
Nenu second hand car konna.. 1000 $ tax pay chesanu.. Can I go for itemized | ||
Swavas Junior Artist Username: Swavas Post Number: 453 Registered: 11-2014 Posted From: 171.161.160.10 Rating: N/A |
Thanks Bayaa..for updates.So itemized ki bills vunte ok annamata. I will go with itemized. | ||
Starc Side Hero Username: Starc Post Number: 2429 Registered: 03-2015 Posted From: 170.63.120.75 Rating: N/A |
itemized lo proof lekunte.. kummtharu.. unless you really spend more money than standard deduction and have proof then go for it.. desi gallu niku ekku va teppistam ani seppi.. gas bills, moving sesham.. itu poyyam.. trips ki poyyam ani pedutharu.. repu audit adithe.. bills adugutharu.. | ||
Sesani Legend Username: Sesani Post Number: 35759 Registered: 08-2014 Posted From: 207.140.166.10 Rating: N/A |
Itemized ki proper expense unte u can do Itemized .. status doesnt matter | ||
Jeffa Junior Artist Username: Jeffa Post Number: 551 Registered: 10-2012 Posted From: 73.231.28.224 Rating: N/A |
ala eavadu cheppado vaadiki pedda baaredu kathi puchukuni podichi paarey.. tharvaatha taxes gurinchi aalochidduvu kaani. Kathi andubaatu lo lekapothe Kattappa ki whatsapp cheyy... H1B ki Itemization ki relation enti babai?? Adedo cYnma lo BeMManandam laa naa burra girrrrrrrrruni thiruguthondi ee logic choosi. | ||
Rgb Side Hero Username: Rgb Post Number: 2542 Registered: 06-2014 Posted From: 162.115.236.104 Rating: N/A |
Itemize cheyyataiki what expenses do you have. generally you itemize if you have big deductions like interest on home load, medical etc. Without those standard deduction will be much better | ||
Swavas Junior Artist Username: Swavas Post Number: 452 Registered: 11-2014 Posted From: 171.161.160.10 Rating: N/A |
Hello, Help needed. Which one to choose.itemized deductions or standard deduction..for this year tax filing. Last 2 years used STD. Currently i am on H1B with Indian company. Can we are eligible to go for itemized. I heared H1b are not eligible for itemized. Okavela chesthae emain issue vasthunda in future. |