Business & Finance - 8 August 2007

I have read the IRS definition of "first time home buyer", and have a question. I do not own a home or pay a mortgage currently. I rent a house from my dad currently, and am also on the title for that house (used to be my grandfather's house). Does this prevent me from being a "first time home buyer" per the IRS definition of not having a "present interest in a main home for 2 years"?

2007-08-08 05:12:34 · 3 answers · asked by KG70 1 in Renting & Real Estate

I was told that FDIC insurance coverage does not truely cover 100k per account and in the case of severe economic failure its really only 16 or 17 cents on the dollar... does anyone know where i can find this information... Thank you

2007-08-08 05:09:57 · 3 answers · asked by Paul S 1 in Personal Finance

2007-08-08 05:07:44 · 4 answers · asked by crystalf 3 in Other - Careers & Employment

I'm working in Europe and will be paying taxes on my salary to the country that I'm working for. What will my US tax liability be and how can I reduce my US taxes.

2007-08-08 05:01:22 · 3 answers · asked by rj12 2 in Other - Taxes

If You are Ahmed Raza and you are planning to get loan for constructing your house. You have heard about House Building and Finance scheme of National Bank. Write a Letter of Inquiry to the Bank Manager and ask the details about that scheme.

2007-08-08 05:00:49 · 2 answers · asked by qasimonline36 1 in Renting & Real Estate

when you are a nurse

2007-08-08 04:59:08 · 6 answers · asked by claire 1 in United States

What is a reasonable accountant fee (per year) for filing back taxes?

2007-08-08 04:54:45 · 4 answers · asked by agoodfellahk 2 in Other - Taxes

2007-08-08 04:54:42 · 8 answers · asked by eoc1000 2 in Other - Careers & Employment

Here is an email I got from Centex Homes. I also came across the same problem when i bought a home out of state 2 yrs ago.

But I want to get to the bottom of this! What law are they referring to? Is it just for out of state real estate? or does it include real estate companies in state too? does it include industries outside of real estate? I think the only states that have this law is NY and NJ, the most expensive places to live. Can anyone point for me the exact law description?

"Thank you for your inquiry. We cannot send you any information about our homes because of non-solicitation laws in your state. However, we have detailed information posted on our website for all of our communities and we can help you find any information you are looking for. "

2007-08-08 04:54:17 · 1 answers · asked by Anonymous in Renting & Real Estate

2007-08-08 04:49:49 · 3 answers · asked by lol 1 in India

I quit my job already, but while I was there I was getting paid 350 a week cash-working as a secretary. Do I have to pay taxes or do they???

2007-08-08 04:45:40 · 12 answers · asked by rose 1 in United States

HOW LONG WILL IT TAKE A CHECK TO CLEAR AND BE IN MY ACCT IF THE PERSON WHO WROTE IT BANKS AT THE SAME BANK THAT I DO.

2007-08-08 04:39:34 · 5 answers · asked by Anonymous in Personal Finance

What happens if you are off work for an injury, workman's comp pays for Doctor and also sends you a check, but then you quit the job before going back? Need to know if they will try to make me pay for the doctor visits, or repay the one workman's comp check I will recieve.

I just got sprained ankle and Doctor put me off job until the 15th. Job is unnecessarily dangerous due to foremen drinking and driving, and foremen and most crew members breaking all other traffic laws, causing extrememly dangerous traffic situations, and sometimes work accidents. (There is alot of driving involved). Snitching is not an option and would probably be futile, as I am sure management already knows of their behaviour. (Turnover at this company is so bad that they will hire anyone but a quadraplegic).

If I decide to just not go back, will this be a legal deal-breaker of some kind, and will I be stuck with bill for doctor visits? Will I have to repay the 1 workman's comp check I will get?

2007-08-08 04:33:19 · 3 answers · asked by Anonymous in Law & Legal

2007-08-08 04:32:56 · 2 answers · asked by Anonymous in Corporations

2007-08-08 04:32:24 · 2 answers · asked by victorschool1 5 in Investing

Can some one please take a look at this and let me know if this sounds reasonable?

Franchise Fees
Initial fee is $55,000
A monthly royalty fee equal to 6% of gross revenues
Fees and royalties pay for: The license to use the trade names, area selection and lease assistance, initial construction and space planning, training, operations materials, ongoing research and development of new services and products, continuing assistance and support, plus other services related to the owning, opening and operating a My Gym.

Franchise Investment
The required investment ranges from $113,375 - $238,660.

Advertising
Each franchise contributes 1% of gross revenues to the Advertising Fund. - The Fund is used to build name recognition and regional and national reputation.

Exclusive Territory, Site Analysis and Lease Negotiation
Franchisees are granted exclusive local territories in which no other My Gym facility will be sold.
Locations are determined on the basis of de

2007-08-08 04:23:38 · 3 answers · asked by Face on Fire 5 in Small Business

I BOUGHT A HOME 6 MONTHS AGO AND I WANT TO KNOW IF I HAVE TO PAY HOA FEES.

2007-08-08 04:23:36 · 2 answers · asked by Vane 2 in Renting & Real Estate

i was just wondering if it would be better to go this wkend for all the school things or just wait til next week.

2007-08-08 04:21:19 · 4 answers · asked by sinfulprey 3 in United States

At the end of June, we purchased the house we are currently living in. When we did the walk thru, we had noticed the floors seemed a little spongy. No where in the discrepency form filled out by the current owners at that time, were there any problems listed about the floors. The realtor recommended a inspection company to come out and inspect the house fully. We agreed, and split the cost of the inspection with the sellers. We also put into the offer that in the inspection revealed more than 2,000 dollars worth of damage/repairs, we would drop the offer. After the inspection, the inspector marked the floors of the house as Acceptable. So, based on this, we closed, took posession. A few days ago, we had a company come out to look at fixing the floors.. surprise. Our house has absolutely no center beam, and the entire weight of the floors, is supported on 2by16s, spanning over 12 feet long. this is far from acceptable. What is my option, can I sue? All repairs could cost up to $30,000!

2007-08-08 04:04:40 · 4 answers · asked by kasstastrophy 2 in Renting & Real Estate

2007-08-08 04:02:52 · 15 answers · asked by shadow 5 in Renting & Real Estate

2007-08-08 04:02:22 · 6 answers · asked by Kathy A 1 in United States

2007-08-08 03:58:47 · 4 answers · asked by Kangolman 2 in Renting & Real Estate

2007-08-08 03:51:12 · 1 answers · asked by Anonymous in Renting & Real Estate

2007-08-08 03:49:38 · 14 answers · asked by Anonymous in Other - Careers & Employment

I am so ticked and trying to take care of this. How in the world does the bank let a dead debit card # process a charge ????????????? to a new acct ?

2007-08-08 03:47:57 · 2 answers · asked by I Love Jesus 5 in Personal Finance

I'm a stylist and I get paid 8 hourly plus 25% commision and I haven't got a raise. I was wondering which would be better to get raised the commision or the hourly. In a salon the traffic is always diffrent so please help me.

2007-08-08 03:41:45 · 1 answers · asked by bris 3 in Other - Business & Finance

I know US investors invest on US stocks most often. But other than US, which stock markets in the world are popular among US investors and traders?

London?
Tokyo?
Shanghai?
Singapore?

2007-08-08 03:40:00 · 2 answers · asked by thecheapest902 7 in Investing

i believe that maybe the guy who sold me the flat is playing me in some way.
and i would like to have access to legal advice on tenents and lettings. maybe some contact, web pages,telephone numbers.

2007-08-08 03:31:14 · 8 answers · asked by shadow 5 in Renting & Real Estate

Jan 8 Purchase land and building with a lump sup price of 2,000,000. 45% of which will be allocated to the building.

Jan 9 Purchased 10,000 units of merchandise (CD) at $100 unit price (Cash Basis). Freight charges to this purchase amounts to P1,000.

Jan 21 Sold 4000 units CD at $330 per CD.(Periodic Method)

Feb 5 Sold 3,300 CDs at $350 per CD on Account.

Feb 10 Issued credit memo for the 100 units of merchandise returned to the sales on Feb 5.

Feb 14 Returned the merchandise received on Feb 10 to the supplier. This is related to the purchase on Jan 9.

Feb 23 Sold units of CDs at $290 unit price. (10% on cash basis and the remainder on account).

Please explain to me why....

Thanks....

2007-08-08 03:31:11 · 1 answers · asked by Caine 1 in Corporations

Pa tax of $13.56 on each carton that I got. Does anyone know anything about this or received a letter also?

2007-08-08 03:28:44 · 9 answers · asked by snickers803 1 in United States