Taxes - November 2006

2006-11-22 05:49:26 · 6 answers · asked by bynehi 1 in United States

If I paid 300,000 a year in mortgage interest, and I paid 350,000 in taxes, can I possibly claim the full amount and receive a full refund?

2006-11-22 05:45:34 · 4 answers · asked by Timberman 2 in United States

(while working in the USA, we are paying mortgage payments in Canada)

2006-11-22 05:25:53 · 2 answers · asked by nathkore 1 in United States

I am U.S. Citizen; residing in USA my company is also located in USA and they are willing to deposit my pay check (commission) in Indian bank in Indian Rupees for work performed here in USA. They told me as per Indian tax laws there’s no income tax for foreign income and that my pay will be tax free.

Would like to know do I need PAN number, do I need to file income tax return every year or quarterly in India? Any help is appericate.

2006-11-22 05:09:29 · 5 answers · asked by Anonymous in India

2006-11-22 05:02:42 · 6 answers · asked by roskid 1 in United States

2006-11-22 04:21:47 · 5 answers · asked by a m 1 in India

Everybody should have to write a check for their taxes, not a payrole deduction. Once you actually see how much money you do not get, there will be changes.

2006-11-22 03:42:28 · 6 answers · asked by Anonymous in United States

when ur credit card is gettin taking out of ur check after taxes dose that mean i have to owe the IRS when i file my taxes at the end of the yr?

2006-11-22 03:29:12 · 3 answers · asked by kate c 1 in United States

2006-11-22 03:23:31 · 1 answers · asked by Ryan 2 in United Kingdom

Is it possible to be untraceable in UK by government?

2006-11-22 03:13:32 · 17 answers · asked by Anonymous in United Kingdom

I am considering moving back to the States (I currently live in Germany) in order to start my own business. Are the costs of moving deductable?

2006-11-22 02:56:33 · 3 answers · asked by eddievanhalen 4 in United States

I live in Montana. If my significan other has me in her will to get the house upon her death what would the taxes be? House worth approx $180,000. We have 7 years living together so probably common law marriage.

2006-11-22 02:21:04 · 2 answers · asked by Anonymous in United States

How does it effect my paycheck and how can I change it?

2006-11-22 02:16:10 · 4 answers · asked by sefik66 2 in United States

I had paid for the item. Later when i went it again found that the seller was mentioned as NO LONGER A REGISTERED USER. I did not get my stuff ...filed for the claim and its been months i have not even received my refund. This has happened to me twice. And i dont know what to do. I feel like ebay cannot do anything with these kind of things...they do not take any responsibility. So i think if i buy anything from ebay i will get cheated . Any suggestions ?

2006-11-22 01:41:11 · 5 answers · asked by Sanepa2 1 in United Kingdom

2006-11-22 00:11:58 · 4 answers · asked by Anonymous in United States

I want to start a foundation for a scholarship. I would like to get funding in some large donations, earn interest to grow the account and then return the principle. The remaining interest would then be the principle for the scholarship fund. Basically it would be an interest free loan for maybe 6 months or a year to get the fund established. Is this legal? What are the tax implications for the original donors (corporate of personal)? Could they deduct the income one year and then have to count it the next?

2006-11-21 22:43:26 · 3 answers · asked by Askin 1 in United States

Please help. I am a single parent with a 3 year old. I got a fulltime job as a temp and my child started nursery. I receive working tax credits to help fund the child care costs. Earlier this year my temp contract ended and I have spent all my time applying for perm jobs and ringing the recruitment agency to get another contract. If I pulled my child out of nursery it would destroy them. I still haven't got a job and my payments have suddenly stopped. What will happen to me if they have found out? I'm still technically employed I just haven't had a current contract for a while. I so scared and I'm trying so hard to get another job. I have a good level of education and am willing to work. Honest answers only please xx

2006-11-21 21:47:16 · 6 answers · asked by Anonymous in United Kingdom

investment property with an existing mortgage, u convert it to a LLC can you deduct the interest come tax time, what can u do?

2006-11-21 21:05:28 · 3 answers · asked by ed a 1 in United States

2006-11-21 18:50:54 · 5 answers · asked by Parveen Dhiman 1 in India

Are we going to be taxed on the property that was gifted to us. Can we apply for refinancing right away on the property.

2006-11-21 18:27:43 · 3 answers · asked by tiyombo 1 in United States

triple as the property value of my house did?
I've heard both views on this one.

2006-11-21 17:09:16 · 6 answers · asked by Anonymous in United States

miceosoft told mr that i have won a 2006 microsoft lottery they sent me a winning letter and asked to pay tax ot it but i am doubt about it

2006-11-21 16:01:28 · 8 answers · asked by dolon a 1 in United Kingdom

I just got a tax bill from State of California for 1991. I left the US in 1991 and have not lived there since or filed in CA since then, ending residency in 1992. And I think it is a mistake because I filed with CA that year and received a refund! This is the first I have ever heard of owing this tax and it is 15 years later. What can they do to me if I refuse to pay this? Is there a limitation to them going after this 15 years later???

2006-11-21 15:46:16 · 2 answers · asked by Howard1 1 in United States

If you own your own busness ,what are the penalties for not filing for 2 years . I didnt make enough to have to pay in but scared that i may get in deep trouble.

2006-11-21 15:29:02 · 3 answers · asked by Cindy B 1 in Other - Taxes

My husband and I just bought our home in February and now we want to sell it. We bought the home for $120,000 and owe $113,000. We have added a $5000 privacy fence and a $2000 storage building not to mention the cosmetic repairs we've made to the house. We don't care to make anything off the house, we just want to sell it for what we have in it, maybe a little less. (It appraised for $137,000 before we did all of this work to it. (I don't know if that matters.) We live just outside of Myrtle Beach and we hate it here, we just want out. My question is, If we stay in the house for one year, what percentage of Capital Gains will we have to pay? We make under $40,000 a year. Will we have to pay tax on anything over $120,000 (our purchase price) or $127,000 (what we will actually have in it.)? We are willing to stay here until we've lived here a full year, but no longer.

Thanks for all the serious answers.

2006-11-21 15:27:57 · 6 answers · asked by Bree 2 in United States

2006-11-21 14:38:53 · 6 answers · asked by Mr. Yahoo 1 in United States

I need to know what federal and state tax rates are so I know what to charge. I know what my county rates are and I think Colorado is at 2.9%. My business is an LLC and I am the only person involved.

Thanks

2006-11-21 14:22:05 · 1 answers · asked by Sam S 1 in United States

2006-11-21 13:59:45 · 5 answers · asked by onelia 1 in United States

i think its the secret tv child-block password

2006-11-21 13:45:33 · 5 answers · asked by Anonymous in United States

I have been holding a companies stock for past 1 year.

Can somebody tell me whether it qualifies for long term investment and how much % I need to pay as tax on this long term gain

2006-11-21 13:26:07 · 5 answers · asked by rabisankar 1 in United States