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Taxes - August 2006

[Selected]: All categories Business & Finance Taxes

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If I decided to sell some commercial property that I've owned for 20 years would I have to pay capital gains tax or just income tax on the proffit?

2006-08-24 05:01:17 · 2 answers · asked by Anonymous in United States

0

On March 1, 2004, Leo leases and places in service a passenger automobile. The lease will run for five years and the payments are $380 per month. During 2004, he uses his car 80% for business and 20% for personal activities. Assuming the dollar amount from the IRS table is $19, determine Leo’s inclusion amount.
a.$0.
b.$10.
c.$13.
d.$15.
e.$19.

3.On June 30, 2004, Jill, a cash basis taxpayer, gave Tina a bond with a $25,000 face amount that pays $2,500 interest each December 31. When Tina collected the interest on December 31, 2004:
a.Jill must include all of the interest in her gross income.
b.Tina must include all of the interest in her gross income.
c.Jill must report $1,250 interest income, and Tina must report $1,250 interest income.
d.Jill must recognize $1,250 of interest income at the time of the gift.
e.Tina must recognize $25,000 of income at the time of the gift.

2006-08-24 03:46:09 · 3 answers · asked by 123 2 in United States

someone told me if i plant 100 doller bill it will grow and make a big tree with many 100 dollars, is this true?

2006-08-23 21:07:12 · 19 answers · asked by whaaa 1 in United Kingdom

whats ur name? huh?

2006-08-23 20:59:32 · 4 answers · asked by whaaa 1 in Mexico

i wants to know what are the rules for getting income tax rebates if someone investing in mutualfunds.

2006-08-23 20:46:19 · 2 answers · asked by govind 1 in India

on my pay check stub it says they took post tax out of my check..i don't understand

2006-08-23 16:50:38 · 3 answers · asked by mother1984 1 in United States

Does anyone know of any good accounting software for churches? Thanks in advance.

2006-08-23 12:56:36 · 3 answers · asked by Hunter351 1 in United States

What would be the first day we can start filing?

2006-08-23 12:52:49 · 9 answers · asked by Andrea G 1 in United States

need to find and print an irs form 1040. irs.gov. has the forms but i am unable to print. downloaded and saved as f1040.pdf but i can't find it to retrieve and print! help me.

2006-08-23 12:42:54 · 5 answers · asked by johnpsr1@sbcglobal.net 1 in United States

2006-08-23 12:24:43 · 4 answers · asked by zipper76 1 in United States

What site can I go to, to receive my free Florida Sales Tax ID for my new business? Please help me...I need the help!! Thank you in advance.

2006-08-23 11:40:32 · 3 answers · asked by Justine 3 in United States

Does anyone know what site I can go to, to get my free Florida Sales Tax ID Number? I need to get it to start my business..

2006-08-23 10:31:40 · 4 answers · asked by Justine 3 in United States

2006-08-23 09:48:14 · 3 answers · asked by tinkerbell75 1 in United States

I just started cleaning houses for some extra money. I make about $100 a week. Do I need to pay taxes on this money? Do you know how much money I can make with out having to pay taxes?

2006-08-23 08:52:50 · 8 answers · asked by kristina 1 in United States

We pay a school tax with our electric bill, it gets added to the total bill and then taxed again, is that legal? Isn't that double taxing?

2006-08-23 08:37:38 · 9 answers · asked by seebreze02 1 in United States

I live in California, but travel all aorund. Is there a place where I can look this up? Many thanks! Karen

2006-08-23 07:57:48 · 13 answers · asked by laterally (later in an alley) 5 in United States

2006-08-23 06:20:44 · 1 answers · asked by amycookcrafts 1 in United States

2006-08-23 05:38:00 · 4 answers · asked by jfliszt 1 in United States

2006-08-23 02:58:06 · 12 answers · asked by S 1 in India

2006-08-23 02:21:48 · 17 answers · asked by Joseph L 1 in United Kingdom

Do you have to pay state/federal or both/neither taxes?

2006-08-23 02:05:36 · 8 answers · asked by ROSS K 2 in United States

I was just wondering if my fiance and I are getting back more money in taxes than we would if we got married.

2006-08-23 01:28:08 · 13 answers · asked by swordlord23 4 in United States

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