Taxes - October 2006

On the 05 1040, I've been told that debt cancellation may not be considered taxable under certain provisions regarding insolvancy...how to do I present this on the return?...I know, I should know this but I'm having a mental block and I want to get this return out today.

2006-10-09 11:50:43 · 2 answers · asked by ... 4 in United States

2006-10-09 10:34:20 · 2 answers · asked by Anonymous in United States

2006-10-09 10:19:10 · 1 answers · asked by Michelle L 1 in United States

hello.. is there any way we can get the old tax return records? i asked my accountant, she doesn't keep them..

2006-10-09 10:00:53 · 7 answers · asked by Unknown 1 in United States

2006-10-09 09:54:28 · 8 answers · asked by starbeset 1 in United States

2006-10-09 09:54:15 · 2 answers · asked by Sam C 1 in United States

she's my aunt! and i no dis iz dum

2006-10-09 09:52:54 · 2 answers · asked by pretty_gurl_1990 1 in United States

I have invested in USA in CD's , Savings account etc and want to keep them going even after return back to India. Now for USA income, I will have to file tax return every year to show only my interest earnings, although nothing will get taxed since all my earning will go under standard deduction. So do I have to show that interest income in Indian tax return too ?? Do you think this is the best way of saving taxes on invenstent interest or ther are other ways too ??

2006-10-09 08:28:04 · 4 answers · asked by amit_L 2 in India

I am in need of information regarding the negative effects of tax increment financing ( TIF) on a community.

2006-10-09 07:50:32 · 1 answers · asked by skip_99_99 1 in United States

there no taking takes out on my checks i recieve weekly so do i have to pay taxes on these checks at the end of the year?

2006-10-09 07:39:37 · 5 answers · asked by prprincessvita 1 in United States

12. C Company had total liabilities and total stockholders’ equity at the end of 2005 of $200,000 and $300,000, respectively. During 2006, C Company’s net income was $200,000, and it declared and paid dividends of $100,000. At the end of 2006, C Company’s total liabilities were $300,000. C Company’s total assets at the end of 2006 were:
A) $700,000.
B) $800,000.
C) $900,000.
D) $500,000.
E) $600,000.

i put E and answer is A, what did i do wrong?

2006-10-09 07:18:41 · 2 answers · asked by Diggler AKA The Cab Driver 1 in United States

7. A Company started year x with salaries payable of $10,000, and ended the same year with salaries payable of $15,000. During the year, the company paid salaries of $125,000. The amount of salaries expense the company reported on its income statement for that year was:
A) $120,000. B) $150,000. C) $130,000. D) $125,000. E) none of the above.

please explain. i figured it out to be 130, but was wrong

2006-10-09 07:00:48 · 1 answers · asked by Diggler AKA The Cab Driver 1 in United States

5. A Corporation was started when a group of people invested $20,000 in it. During the first four years of A Corporation’s existence, it had net income of $20,000 each year, In year five, A Corporation had a net loss of $20,000. During these same years, it paid dividends of $10,000, $15,000, $15,000, $10,000, and $ 0. At the end of year 5, the company’s balance sheet showed total liabilities of $10,000. A Corporation’s total assets at the end of year five were:
A) $40,000. B) $20,000. C) $80,000. D) $60,000. E) none of the above.

please explain why the answer is 40,000

2006-10-09 06:58:59 · 3 answers · asked by Diggler AKA The Cab Driver 1 in United States

I was given one in ChicagoRidge but they told me they couldn't help and they did not have the address to the STATE office.

2006-10-09 06:28:54 · 1 answers · asked by Me 4 in United States

2006-10-09 05:55:00 · 10 answers · asked by nyzamfam 2 in United States

2006-10-09 03:15:47 · 4 answers · asked by arkansasjoe51 1 in Canada

IfFBT is not paid during the year , whether this expenses is allowed at the time of calculating the net profit of a partenership fim on provisional basis, if we create the provision in the year end

2006-10-09 01:56:46 · 1 answers · asked by atul p 1 in India

where do we start ?? we have the money for the van the tools ,we have paid 600 pound on courses,and feel we are ready .how do we register ,what do we tell tax people ,does the tax man allow time for us to start earning ???? what can we claim back??? etc any help would be grateful

2006-10-09 01:44:43 · 6 answers · asked by shoopy213@yahoo.co.uk 2 in United Kingdom

If so could you please tell me under which section it falls?

2006-10-09 00:58:09 · 3 answers · asked by Pradip D 1 in India

there was no agreement verbal or written of a fluxuating workweek pay .salary has to be a fixed amount not to drop b low min.wage. part time employees can not be paid salary.these ******* are going down!!! any smart suggestions

2006-10-08 23:31:42 · 2 answers · asked by joleen j 1 in United States

2006-10-08 22:00:38 · 4 answers · asked by joleen j 1 in United States

i'm in nevada and i sell make up on commossion only. now, i have to deduct the tax from my sales before i calculate my percentage. then when i recieve my check i'm taxed very heavily again. and on my paystub it states that i recieve salary. is this legal?

2006-10-08 18:55:19 · 4 answers · asked by joleen j 1 in United States

2006-10-08 16:30:26 · 2 answers · asked by pituka 1 in United States

This is my only house in Aust. I lived there for the first 3 years and rent it out for the following 6 years while I was overseas most of the time. I am still overseas now. Do I need to pay Capital Gain Tax?

2006-10-08 16:11:24 · 2 answers · asked by Sindy F 1 in Australia

sold one that we were renting out (qualified as residence since we lived in it 2 out of 5 years) now we want to upgrade and sell current home, using proceeds from both to purchase larger home...any way to avoid capital gains on one or both of these properties?

2006-10-08 15:27:16 · 4 answers · asked by Peter B 1 in United States

Will they charge me any duty fee like a custom duty fee?

2006-10-08 14:28:26 · 6 answers · asked by dufus 2 in United States

This is in Kissimmee, Florida. Last night, I went to a CVS pharmacy to buy a 20oz Dr. Pepper. The price tag said $1.19. I had $1.25. When I took it to the register, the price turned out to be $1.27, including tax. It was very nice of the cashier that she slid me the extra 2 cents.

Why did the price tag not reflect the actual price, including taxation? Shoudn't it? I think that is misleading.

2006-10-08 12:26:05 · 12 answers · asked by Gary T 1 in United States

2006-10-08 12:24:29 · 2 answers · asked by Kenneth C 1 in United States

If i make money on the forex market, is there a tax for it? And if there is, how do i pay for it?

2006-10-08 12:22:04 · 4 answers · asked by lone_wolf842@sbcglobal.net 2 in United States

2006-10-08 12:20:00 · 5 answers · asked by tictoc34 1 in United States