Business & Finance - 5 December 2006

I just found that that when you gift stock, the person receiving the stock inherits your cost basis. My parents have a substantial capital loss carryover from the .com boom and I wanted to obtain the advice of someone who understands tax laws fairly well to see if the following scenario would work.

1. I gift my dad $12,000 (or whatever the limit is for the gift tax exclusion) worth of stock. My cost basis on the stock is $6,000 so he will have a capital gain of $6,000.

2. My dad sells the stocks, but because of his capital loss carryover he does not have to pay any capital gains tax.

3. My dad gifts my wife $12,000 in cash.

Is there any issue with this? Or, a better question is do you think the IRS would have an issue with this?

2006-12-05 11:00:31 · 5 answers · asked by d-man72 2 in United States

I'm about to buy some books on amazon.com, and if I sign up for an amazon.com credit card, I could get $30 off my purchase. Is it worth it? I already use a Discover card now, and I have a few other credit cards as well that I don't use. Would it be bad for my credit to open up a new one?

2006-12-05 10:59:48 · 3 answers · asked by Melanie J 1 in Credit

2006-12-05 10:58:10 · 1 answers · asked by KABIR 2 in Small Business

this woman worked hard to make me a social outcast at my new job. she's popular and picks her friends and enemies on first sight. as luck would have it, in a draw, i'm her secret santa, i have to give her something ($20 max recommended by the office) I want to do this with a gift thats innocent to others and get gives her a subtle yet nasty message. any innovative suggestions?

2006-12-05 10:57:55 · 23 answers · asked by Anonymous in Careers & Employment

i wish this more than anything in the world! i want to be a person that help alot and alot of people around the world. i want to be heard! i'm 13 (female) i pray that some day i can be this! Do you thik can it come true!!
P's i believe that it can come true but some people says no dream i can't not come true!
thanks!

2006-12-05 10:57:43 · 9 answers · asked by Anonymous in Careers & Employment

I used to have a friend who I have lost touch with that used to test drive a truck for Dodge . She took it out every night on a pre-determaned rout and got paid for it . Anyone heard of this or know how to get this job?

2006-12-05 10:57:10 · 1 answers · asked by SE7EN 2 in Careers & Employment

2006-12-05 10:56:44 · 7 answers · asked by thumper070188 1 in Credit

2006-12-05 10:56:26 · 3 answers · asked by Markiemark 1 in United States

I have recently left my husband and have no child care.I cannot go back to work for another month so I have to quit. Can still collect unemployment?

2006-12-05 10:51:52 · 13 answers · asked by mrskyesha 2 in Careers & Employment

Alright so i went to the hosipital they did some test and found NOTHING....gave me vicodiin called it good. Anyways i have a hospital bill thats $700 now i know thats not a lot but right now it is for me. I just got put on seasonal unemployment and make only enough to pay my rent and BARELY scrap by on bills....now i know you can work with creditors to pay a montly amount but your just raking up the interest and just paying WAY more. Is there any kind of paper work you can file other than bankruptsy since its such a small amount? Hate to see my credit slowly getting ruined for some very small bill.

2006-12-05 10:51:37 · 3 answers · asked by s_stud_00 1 in Credit

2006-12-05 10:49:05 · 3 answers · asked by Anonymous in Renting & Real Estate

i am 16 i still live wit my parents when i get my money i just want to buy things even if i dont need anything wat can i do to stop buying things ? help me

2006-12-05 10:46:51 · 7 answers · asked by Anonymous in Careers & Employment

2006-12-05 10:46:07 · 13 answers · asked by ur2a 2 in Credit

2006-12-05 10:45:13 · 2 answers · asked by sab_msu 1 in Investing

What are the pros and cons of the indirect method and the direct method of reporting the operating section of the statement of cash flows.

2006-12-05 10:45:10 · 1 answers · asked by angel_rat_83 1 in Other - Business & Finance

2006-12-05 10:44:22 · 1 answers · asked by sab_msu 1 in Investing

2006-12-05 10:43:46 · 5 answers · asked by Anonymous in Other - Business & Finance

MY PRODUCTS ARE CURTAINS CUSHION COVERS TASSELS ETC

2006-12-05 10:41:55 · 3 answers · asked by rajinder D 1 in Small Business

Ive just moved to a new area and im trying to open a checking account. I know that Banks use chexsystems to find out if that person has a good or bad banking history and if they currently have an open account with another bank. My situation is that ive had multiple checking accounts over the years of which 3 of them got overdrafted and charged off. Now ive paid off everything i owe these banks but im having trouble opening a new account. Any advice? anything i can do to help. or am i just screwed never to be able to open up a checking account again? im told that chex systems is like your credit report and information on it can stay on there for 7 years or longer. I NEED ADVICE FROM A BANKER or someone who has experienced this same thing

2006-12-05 10:41:53 · 3 answers · asked by Anonymous in Personal Finance

She has once e-mailed me and said ,when I get, you will get it. I sent a cert. letter with no answer at all. The amount
is 2,000 dollars.

2006-12-05 10:41:02 · 4 answers · asked by nasrepus59 1 in Credit

I have been arrested once for failure to appear in court to answer because I had to work .I work in healthcare so leaving patients unattended would have gotten me fired. I want to be truthful to parents who ask , will this hurt my chances of being a succsessful daycare owner? Do I need to disclose this infor in the first place? Will this show ono a background check. I have always had to have a background check and none of my employers faulted me for this, but will it be different for child care?

2006-12-05 10:39:19 · 3 answers · asked by nene 3 in Careers & Employment

Im researching a few different career choices.Any GOOD information?

2006-12-05 10:38:03 · 2 answers · asked by Rockie 2 in Careers & Employment

I have many ideas for new products but don't know where to go with them from here. I am just wanting suggestions as to where I could find out more info on what to do now. I don't want my ideas ripped off, but believe patenting is rather expensive.

2006-12-05 10:36:57 · 3 answers · asked by Anonymous in Other - Business & Finance

2006-12-05 10:36:30 · 6 answers · asked by Troy T 1 in Personal Finance

2006-12-05 10:36:19 · 2 answers · asked by kbiggredd23 1 in Careers & Employment

My job.....when I think of it ..it makes me cringe...I am a nurse. I thought after I graduated college I would at least get "SOME" respect. Boy was I wrong. I have went to work at a doctors office. Thought that would be easy...THINK AGAIN....My office is kinda like an urgent care center even though its a regular doctors office environment. My doctor has a main office and a satellite office. I work out of the satellite office. He comes three times a week after he sees his other patients. I end up staying there until 9 and sometimes later on those nights. I am a single mom. I am basically all alone with my child. I have some help but not much. This office is SO chaotic its crazy. I am the nurse, the lab girl, file clerk, insurance, referral person etc etc etc. I am so bombarded with work its not even funny. I am already on burnout and its only my 7 th week on this job. I left a job to come to this one. If I ever ask for help the answer is bluntly NO...what do I do.

2006-12-05 10:35:02 · 3 answers · asked by princess 1 in Careers & Employment

How do I list my membership in a professional association on my resume? I'm only in 1, but I definitely want it on my resume.

2006-12-05 10:33:38 · 5 answers · asked by leaner 2 in Careers & Employment

2006-12-05 10:32:54 · 7 answers · asked by LARGE MARGE 5 in Renting & Real Estate

just curious

2006-12-05 10:32:01 · 3 answers · asked by Anonymous in Careers & Employment

Currently in an arm wanted to do a streamlined refi but how much shld it cost to refi to fixed rate. Still have another year in the loan im in. I dont want to pay too much to refi the loan.

2006-12-05 10:31:33 · 5 answers · asked by jyvonne1 1 in Renting & Real Estate