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Q. I am having a difficult time trying to figure how much I owe in state tax. I lived and worked in California from 1/1/2009 through 8/7/2009. I began living in Colorado on 8/8/2009 through the end of the year and worked from home for the same company I worked for back in California. State [...]
Q. How do I know which 1040 I’m allowed to use? Does it really make a difference? A. Yes! Each form has specific requirements that a taxpayer must meet in order to use it. IRS Tax Tip 2010-05 contains instructions on which form you should select. Your options are: 1040EZ Requirements Your taxable income must [...]
Q. I followed your advice and had my payroll department withhold based on W4 stuff instead of a flat percent. How do I know if I’m on track? A. That’s a rather amusing question actually. Publication 15 and the W-4 both require that you use only marital status and number of allowances on the form. [...]
