Tax question

Discussion in 'General' started by LadyK, Jan 30, 2015.

  1. Marcus

    Marcus User

    Joined:
    Jan 21, 2013
    Messages:
    466
    Likes Received:
    0
    I've made quarterly payments the past two years. Everyone's tax situation is different but I calculated that at about $10,000/per year of mturk income is when you really need to worry about paying estimated taxes ahead of time.

    As always, consult a tax professional to obtain a better answer for your specific situation.
     
  2. sweetmemories

    sweetmemories Active Member

    Joined:
    Sep 27, 2014
    Messages:
    25
    Likes Received:
    0
    hi i am an indian here .i am using mturk since last three yeards today when i logged in i saw this message Tax Information Required
    We need to collect some tax information from you in order to comply with United States tax reporting regulations. Please complete your tax information by May 28, 2016. After this date you will not be able to work on HITs until you complete this step.

    The Tax Information Interview is a brief questionnaire to collect the required information. For additional information, visit our Tax FAQ.

    Start Tax Information Interview

    may i know what i have to do in this??
    please help.
     
  3. Flora

    Flora Admin
    Staff Member

    Joined:
    Jul 16, 2012
    Messages:
    55,021
    Likes Received:
    8,774
  4. KeenanMaynard

    Joined:
    Aug 20, 2015
    Messages:
    27
    Likes Received:
    0
    Have any of you successfully used the home office deduction and do you have any tips?

    On Freetaxusa there are 2 similar sections. At the beginning it asks if you want the simplified version where you want the deduction based on square footage or where you add the direct and indirect expenses.

    If I did choose not to use the simplified version, indirect expenses for the home would be stuff like the electricity bill and water bill?

    Then, even if I chose the simplified version and adding some items like my computer equipment to get depreciation, there is another section asking about business expenses and another area for utilities, among others. Would I be able to put my internet service yearly total there?

    I'm guessing I made similar to previous years...around 2k, maybe less this year. If I claim the square footage, utilities, and depreciation for office equipment, do I have to provide proof? Like receipts? Or is that only if you get audited?
     
  5. hollie1974

    hollie1974 User

    Joined:
    Sep 24, 2012
    Messages:
    65
    Likes Received:
    0
    Does Amazon have a Payer number?
     
  6. acheter

    acheter Member

    Joined:
    Aug 17, 2016
    Messages:
    20
    Likes Received:
    0
    If I did choose not to use the simplified version, indirect expenses for the home would be stuff like the electricity bill and water bill?
     
  7. Lori1985

    Lori1985 User

    Joined:
    Nov 6, 2012
    Messages:
    14,058
    Likes Received:
    0
    Flora, I just got this email:
    Generic message but its the first time they have acknowledged that I have contacted them, so that should be a good sign? :p
     

Share This Page