Q. I recently got married in April. My wife is starting her job next week. In the past I have claimed 4 witholdings and usually get around $1,500 -$2,000 back each year. Need some help in determining if I need to adjust my withholdings… if so … how much. Also… how many withholding should my [...]
Q. I’m doing my own taxes this year. I can’t seem to remember how much my stimulus payment was back in 2008. How do I find this amount? A. This is the most common question asked to me this year. Apparently, the government stimulus payment received by taxpayers last year was not very stimulating. No [...]
Special Note: Dear readers, Thanks for your patience last week. There were two problems with the blog. Due to a configuration issue, it was down for a few days. Also, I was unable to post due to a very remote cabin for a week-long vacation. Things will return to normal now will at least weekly [...]
Q. I looked at the Stimulus payment schedule and mine was due almost 2 weeks ago. What do I do? A. The answer to this lies somewhere deep within the bowels of the IRS. While most people are getting direct deposits and checks according to schedule, it was a huge undertaking to get that much [...]
Q. I had way too much withholding last year and got a huge refund when filing my tax return. How do I change that? A. This blog is coming from the floor of the Exhibit Hall at the American Payroll Association 2008 Congress in Austin, TX. With almost 2000 payroll folks surrounding me, I get [...]
Now for the good part: How much do we get as part of the economic stimulus payment from the government and when does it arrive? Let me remind you that you must file a tax return this year in order to receive your payment. That being said, the value that is on your Total Tax [...]
This is the first installment of the Ask CPA Sam blog. I will be answering questions submitted to me through this blog and through PaycheckCity.com’s contact page. Q. I get a large tax refund every year. It really helps me pay my bills. Some people says it’s not so good. Can you explain? A. This [...]
