Taxes - October 2006

i will be selling property and do not want to do a 1031. interested in minimizing my capital gains taxes.
any solutions?
thanks

2006-10-22 01:45:02 · 5 answers · asked by john j 1 in United States

I had a roth ira several years ago in my mid-twenties. Unfortunely, during that time I had invested the money in Enron stock. The Roth went bust.
About 6 years later, I had started a new Roth IRA. I think I already know the answer to this question, but it never hurts to ask-
Can I put in more money (other than the 3,000) into my new IRA to make up for the loss of my old one? Afterall, for tax purposes, I can prove I once had an existing Roth IRA. Or would I get into trouble if I tried?
Thank you...

2006-10-22 01:43:48 · 3 answers · asked by Anonymous in United States

im 17 this is my second job i had my first from 2004-2005 but no job until now and i dont know if im exempt on line 7 of w-4 form?

2006-10-21 22:56:28 · 3 answers · asked by Anonymous in United States

We (Husband and I) pay a monthly tution rate for our 5 yrd old daugher. We live in Texas and for the last 3 years we have been claiming a deduction for daycare since we both work. Are there any deduction/benefits for paying for a private school?

2006-10-21 19:41:25 · 5 answers · asked by Lil3120 2 in United States

Ture or False?

2006-10-21 18:46:56 · 3 answers · asked by derek 2 in United States

2006-10-21 16:36:32 · 3 answers · asked by dorg526 1 in United States

2006-10-21 16:04:51 · 6 answers · asked by wideworld 1 in India

My wife will inherit her deceased father's stock portfolio. Based on brokerage statements, there are substantial unrealized capital gains. Will my wife's basis become the FMV of the investments as of the date of death? Any recommended web sites explaining the relevant code?

2006-10-21 15:19:09 · 6 answers · asked by iiifrdst 1 in United States

2006-10-21 13:22:28 · 4 answers · asked by ldavis76 1 in United States

2006-10-21 13:22:13 · 1 answers · asked by ldavis76 1 in United States

Made a large purchase today and realized when I got home the tax charged was 15% what do I do now? Should I report this to someone?

2006-10-21 12:15:40 · 5 answers · asked by Viakin 2 in Canada

2006-10-21 10:18:48 · 3 answers · asked by Anonymous in India

2006-10-21 09:29:53 · 4 answers · asked by angel_rat_83 1 in United States

If so, if you have a condo that is a cashflow property, does that count? Say that I fix up a condo and sell it for X amount of dollars, if I buy another condo just like it that is not updated, does this count under the 1031 exchange?

2006-10-21 09:26:37 · 3 answers · asked by wscarpelli@sbcglobal.net 4 in United States

2006-10-21 07:27:13 · 2 answers · asked by drmail3000 1 in United States

i claim 0 on my tax forms and want to know the tax percentage that is taken out of my normal hours and what the tax rate is for overtime hours..

2006-10-21 05:30:58 · 3 answers · asked by lrg3rdcup0606 1 in United States

what is depreciation and how do i use it on my rental property?
how do i get a tax code book? what else do i need to know??

2006-10-21 04:22:14 · 5 answers · asked by dmmason005 2 in United States

If so, where?

2006-10-21 04:06:59 · 8 answers · asked by rlw 2 in United States

I own a home right now that is worth $325,000 and I owe $245,000. I have only been in the home for 4 months. If I decide to sell the home before the two year mark how much in taxes will I have to pay on the profit. I have heard 25% and I have heard 40% of the profit I have to give back to the government.

2006-10-21 03:42:31 · 2 answers · asked by Sam468 2 in United States

I recently accepted a contract position and my recruiter has encouraged me to do claim 1099 for the rest of this year since I have been out of work and need the money. Could someone please explain or direct me to a spot where I can find more info?

2006-10-21 03:06:16 · 7 answers · asked by Susan B 2 in United States

I am not concerned about how each county or municipality calculates the amount, just when they are initialy due, and if they are collected once or twice per year.

2006-10-21 01:14:52 · 2 answers · asked by horowme 2 in United States

2006-10-20 22:49:22 · 6 answers · asked by tina G 1 in United States

2006-10-20 21:37:42 · 4 answers · asked by atoz_accounting 1 in India

Main concern is how the income under various categories is interpreted ? for example: Paid surveys, Paid to click,paid to read emails, Paid forums etc...each one of them represents a different concept in generating on line income.

In continuation: The internet expenses, antivirus protection, software,land line rent r these deductible as allowable expenses for calculating the net income ?

2006-10-20 21:20:43 · 3 answers · asked by sarvam 1 in India

After 20 years in the Military moving from state to state and country to country and after working overseas as a civilian for the last 10 years were ready to settle down and retire. We are now looking for a state to retire to that has low property taxes, not too cold of a climate, reasonably price homes, low crime and a city no larger than 500,000 people. We do not have any kids in school so the school system is not important to us. We lived in Texas and the property taxes are high, also lived in Georgia where the property taxes are not to bad. If we had a $250,000 home in your area what would the property taxes be?

2006-10-20 20:28:51 · 5 answers · asked by James M 1 in United States

I understand it's for tax write-offs, but what do I do concerning the receipts?

2006-10-20 20:27:03 · 9 answers · asked by Anonymous in United States

There is a booklet that tells you the percentages for filing for separated, married filing separately or just filing as married. I'm trying to decide what to put on form when I start a new job. I also want to know what percentage they will be deducting from my check so I can figure out my net check.

2006-10-20 19:31:10 · 6 answers · asked by Gaie 1 in United States

just wondering. this year i have had allot of medical expens.
that i can right off on taxes. but it adds up to way more than
i have paid the goverment. just wondering if it ever maxes
out.

2006-10-20 18:00:19 · 8 answers · asked by belnaper 1 in United States

If a person Fails to file his taxes, but would not have owed any money at the end of the year, can they still penalize you for not doing the paperwork if they would have owed you???

2006-10-20 17:30:03 · 8 answers · asked by ca_ruff 2 in United States

I havent worked in the last year, I am in default in my student loan.
If my husband claim me and our kids as a dependent on his taxes will they garnish his income tax return ?

2006-10-20 17:07:54 · 8 answers · asked by mike_callie2003 1 in United States