Taxes - July 2006

Can I increase this amountb to 10600 for claiming full exempotion of HRA.

2006-07-09 04:39:34 · 6 answers · asked by Avi 1 in India

I usually use the short form every year and I was adviced that I should be using the long form since I have a lot of business deductions. I just felt this is a big hassle for me to do and it's the only reason why I always do the short form. However, I have been thinking about it but I don't know if I should do it since it's already past the filing dates. What should I do? Will I still be allowed to do deductions even though it's past the filing date?

2006-07-09 03:16:41 · 5 answers · asked by JEL 1 in United States

2006-07-08 15:02:12 · 5 answers · asked by spstecher 2 in United States

I'm selling my house. I expect not to buy another house for a while. How long do I have?

2006-07-08 13:04:48 · 6 answers · asked by Hank 3 in United States

I worked in california last summer, and had to pay their income tax, i am supposed to get 79 dollars back. i filled my taxes in late febuary and am still waiting to this day.

2006-07-08 12:35:44 · 4 answers · asked by mighty_cuinn 1 in United States

I bought a house for a rental 1.5 years ago with a 1031 that is appraised at 350k, I just took a loan out on it for 200k. If I sell this house this month, how much do I have to exhange. does the sale of the house pay the loan off and keep the money have only to spend 150k or do I need to spend what the house is worth?

2006-07-08 12:22:05 · 2 answers · asked by Anonymous in United States

I believe these facts to be true:
* dividends are paid out of a company's equity
* as a shareholder, you're only getting your own capital back (no gains)
* the exchange deducts the dividend from the share price once paid (see example below)

Example: You have 10 shares worth $10 each, or a total investment of $100 (10 shares x $10).

You receive a dividend of $1 per share. That's $10 cash in your pocket (10 shares x $1); however, at the same time your shares go down in value by one dollar to $9 a share. Thus, you now have:

$10 cash in your pocket plus:
ten shares at $9 each worth a total of $90.

After the dividend, you STILL are worth $100, yet the governement will slap you with a tax bill on your dividend.

WHY? WHY? WHY? Someone PLEASE answer this. This is madness.

Thanks.

2006-07-08 11:22:24 · 8 answers · asked by Max Power 1 in United States

Would anyone like pay for my schooling ?

2006-07-08 06:47:06 · 2 answers · asked by littlehuevo 3 in United States

2006-07-08 06:41:42 · 11 answers · asked by Rory A 1 in United States

2006-07-08 04:00:49 · 4 answers · asked by Anonymous in India

2006-07-08 03:54:12 · 6 answers · asked by Anonymous in United States

2006-07-08 03:28:57 · 13 answers · asked by rich p 1 in United States

2006-07-07 23:21:16 · 4 answers · asked by marcy m 1 in United States

I called the person who prepared my tax and she is not returning my calls, what should I do?

2006-07-07 23:17:12 · 10 answers · asked by lisa 1 in United States

I applied to get child tax credit 5 weeks ago, can anyone tell me how long it usually takes till they award the claim? Thanx.

2006-07-07 22:49:15 · 7 answers · asked by Sharon 2 3 in United Kingdom

stt:securities transaction tax

2006-07-07 19:44:51 · 6 answers · asked by manish a 1 in India

If you bought a car and paid taxes on it then sold it to someone, they pay taxes on it and then if by chance you bought it back (hypothetically dumb, but possible) you would owe taxes on it. I don't get it.

2006-07-07 19:32:10 · 6 answers · asked by mbmare5 2 in United States

2006-07-07 17:20:02 · 2 answers · asked by john e 1 in United States

I have 3 children, 2 of them have been diagnosed with mild to severe allergies along with myself and my husband. We live in a house that was built in early 70's. The carpeting is very old, and contributing to the children's allergies. I am trying to find out if replacing the carpeting would qualify as a capital expense for tax purposes. Do I need any special paperwork from MD?

Thanks for information.

2006-07-07 16:08:50 · 7 answers · asked by hmbrown97 1 in United States

When you sell a used item, is it like when you sell something at a garage sale? When is it best to report the income?

2006-07-07 16:08:49 · 5 answers · asked by Shay 2 in United States

How do you calculate the federal self employment taxes ?

2006-07-07 12:12:03 · 2 answers · asked by pooh bear 4 in United States

What are tax implications of winning money through online gambling, is it illegal to deposit it intomy bank account/

2006-07-07 11:54:58 · 6 answers · asked by cmjz1313 2 in United States

if you switch the e and the a in taxes it would be Texas.........

2006-07-07 08:59:15 · 4 answers · asked by Anonymous in United States

2006-07-07 08:07:58 · 6 answers · asked by ppigworm 2 in United States

2006-07-07 07:22:03 · 3 answers · asked by MikeLee 2 in United States

I originally sent in payments for 2005 tax return on April 15. I noticed I made a mistake and I sent in an amended return. Now state of NJ owes me refund. The payment I made on April 15, can I get that money back now? or is that money that gets credited toward 2006 tax return since it was made in 2006.

2006-07-07 07:15:06 · 2 answers · asked by Bloo 2 in United States

Won´t they be like a minimum of 27 % and depend on the rest of your income?
If you make 40.000 a year and win 1.000.000 - how much do you get to keep?

2006-07-07 06:46:57 · 10 answers · asked by sidulrike 4 in United States

Dad died in 3/95, Mom in 3/06. Need to do final iRS. How best to determin FMV at time of Dad"s death?

2006-07-07 06:15:26 · 8 answers · asked by David F 1 in United States

More specifically, for tax purposes...

2006-07-07 04:34:25 · 1 answers · asked by plancks.constant 3 in United States

2006-07-07 03:37:50 · 2 answers · asked by bosleymisty42 1 in United States