Taxes - November 2006

I'm planning on adopting a kitten. They said the 35 dollars was tax deductible. What does that mean? Please don't give me an obvious answer because I'd really like to know!

Thanks

2006-11-01 14:21:02 · 2 answers · asked by Clover 1 in Other - Taxes

2006-11-01 14:16:10 · 5 answers · asked by drwayway2002 1 in United States

2006-11-01 14:03:26 · 6 answers · asked by drwayway2002 1 in United States

Is it true that if you use the capital from the sale of an investment property and put that towards another property that you will not be taxed on the capital gains via tax? How does this work exactly?
And can you use the capital gains toward any type of property such as a primary residence or a second home or does it have to be toward another investment property to avoid paying capital gains tax on those proceeds?

2006-11-01 13:31:24 · 4 answers · asked by unhappy 1 in United States

Please explain in detail about this

2006-11-01 12:11:44 · 8 answers · asked by vinutha s 2 in India

If we want to verify the PAN of a person whose name, address and PAN we know, how can we check if that PAN really belongs to that person?

2006-11-01 12:03:44 · 5 answers · asked by kashin 1 in India

2006-11-01 11:09:13 · 3 answers · asked by rabbit 1 in United States

2006-11-01 10:26:00 · 4 answers · asked by lore l 1 in United States

My question: Is there any way around the application of said usage tax? For example, what if the purchaser was not the end user of the product. For example, I am required to receive shipment of an item to meet the security requirements of the seller and then once received, forward the item to a third party that does not reside in the state.

2006-11-01 09:51:18 · 2 answers · asked by BECB 2 in Other - Taxes

i just need to know how to calculate a total by 7% sales tax

2006-11-01 09:38:19 · 3 answers · asked by Blissful 3 in United States

Everytime i try and do my taxes i can never do it cause my wife does not have a SSN cause shes a forign spouse and i can not do my taxes????

2006-11-01 09:22:14 · 8 answers · asked by Anonymous in United States

We got married this year, and my wife moved in to my house. Her name is not on the house or land. I didn't know the advantages or disadvantages in filing jointly or seperately. Which way is best ?

2006-11-01 08:55:22 · 8 answers · asked by msufan1999 2 in Other - Taxes

I purchased the bare land with my husband (now deceased) and
built the cabin on the land. I lived at the property for about two years, (1991-92), however my principal residence is elsewhere in
the County. I have the property mortgaged to FSA (Farm Service
Agengy-Dept of Ag) along with my farm which is my principal residence, and the entire proceeds of the sale MUST go to debt retirement. Do I have to pay gains tax on the entire selling price???? Where can I go to find out if any expenses incurred (i.e. property taxes, improvements to the parcel of land) are deductible???

2006-11-01 08:50:39 · 5 answers · asked by Perri S 1 in United States

I have an enormous student loan amount, and my parents said they'd help me pay it off, so I'm wondering if student loans are tax deductable?

2006-11-01 08:30:39 · 7 answers · asked by Om... 3 in United States

Single Male
Can claim as independent
One Job
No dependents
No head of household

http://www.irs.gov/pub/irs-pdf/fw4.pdf

IHow do I fill out this form without using the worksheet on page 2.
When I am done i end up with 2. Everyone tells me I should only have 1 for my case.

What am I doing wrong?

-E

2006-11-01 07:44:27 · 5 answers · asked by eferna02 1 in United States

Hi Guys
I was wondering how much tax i would have to pay if i owned a successful IT Business in the united states. Is it possible at all to own a business firm in the USA if you are a foraigner?

2006-11-01 07:21:27 · 7 answers · asked by Ethio4ever 2 in United States

2006-11-01 07:17:47 · 4 answers · asked by marty g 1 in United States

2006-11-01 07:01:57 · 9 answers · asked by argyllmor 1 in Other - Taxes

2006-11-01 06:48:31 · 4 answers · asked by norbnfw 1 in United States

For my 2004 taxes I owed the IRS 300 some dollars after interest and all that bullshit. So for 2005 my accountant figured out a way that i could get $800 back. So minus what i owed the irs i should get roughly 350-500 back. I called someone about it about a month after i filed my taxes back in March and they said it was still going through everything and everyone was taking my share and that i would get some soon. How come i still havnt got it yet? who do i contact about it?

PS it is my IRS FEDERAL TAXES, not state

2006-11-01 06:46:33 · 4 answers · asked by Anonymous in United States

This is for homework and I need information on estate taxes. And I need sources if you can give me that too..

2006-11-01 06:28:07 · 15 answers · asked by mel 3 in United States

My fiance pays everything for his dad in Puerto Rico because his dad doesn't have any income, Can he claim his dad even if they don't live together or can he get back in his taxes

2006-11-01 06:05:33 · 4 answers · asked by Meche 5 in United States

If i were to buy my sisters out, would we save money?

2006-11-01 05:56:44 · 4 answers · asked by Mary S 1 in United States

Refering to my previous subject "Estate tax and inheritance tax", with all my online research and double confirm from one of the answerers. If my father's total net asset is less than 1 million (With the tax exempt limit of 2 million as per 2006), there is NO Estate tax and Inheritance tax. then here's my another question:
I know that some peoples are giving gift US12k per year to each of their hiers free of gift tax. We were thinking of doing that as well, but with what i discover from my previous question, if all the inheritance from my dad is going to be both estate and inheritance tax free, then what is the point of using the gift strategy? Or am i right that the gift strategy is only needed by those who has more than 2 millions asset?

2006-11-01 04:38:04 · 5 answers · asked by bibi 1 in United States

Hi I am an Indian currently working in Kansas City, MO. Yday I got salary and I was shocked with the amount. I have $50 K annual salary means $4166.66 monthly salary. They charged me fed tax $848, Social Security $327, pre state tax $235 and medicare $76.
That goes to $1488. I think this amount is too much as per my income. I stay in KS state and work in MO state, whcih tax will be considered ? Is it a correct amount ? How can I get exemption on federal tax and social security tax ? Provide some contact numbers of good tax consulatants in MO. Please reply. Thanks in advance.

2006-11-01 04:37:40 · 3 answers · asked by Bad_Boy 2 in United States

2006-11-01 04:26:05 · 20 answers · asked by hollisann 2 in United States

I have a partnership with 3 people. Ownership is 50, 40, 10. Bought land for 100k 10 years ago. Now worth 200k. I want to distribute the land to the partners(50% to one partner 50% to the other partner, and the other partner(10%owner partner) doesn't want the land, only cash). How is this transaction handled? And what are the relevant tax issues?

2006-11-01 04:20:22 · 4 answers · asked by Anonymous in United States

I have two clients who run small businesses in the Fairfield County Area of CT who has their taxes done by Accountants; but I need a CPA letter of self-employment for them in order for me to help them make purchases and/or refinances of their properties.

Please contact me for details

2006-11-01 04:17:14 · 2 answers · asked by asajous 2 in United States

My fiance claimed my 2 kids and me on the 2005 income tax return
and IRS audited him and we did not have enough evidence that shows he
lives with me and maintains my kids finacially well we have to pay back
more than $5,000, he made a payment plan and is paying up to date. Now
we're getting married this month and I know we can file joint returns
because now we're gonna be married, now about the kids I'm not sure he
can claim them and I didn't work these past 2 years( my son was
diagnosed autistic and had to drop everything to take care and look for
programs and help) What should we do for this year, everything is in my name
but as soon as we get married we're gonna change all the bills and lease
in our name. How should we do this tax year so we don't get in trouble
for just not knowing.

2006-11-01 03:59:38 · 8 answers · asked by Meche 5 in United States

This measure would levy new state tax on certain oil and gas leases overlying large deposits of natural gas. When a major gas pipeline system is built and gas is transported, resource tax will be repealed and leaseholders will become eligible for tax credits for some of these taxes previously paid, which could be used to reduce future production taxes.

2006-11-01 03:30:09 · 1 answers · asked by defman88 1 in Other - Taxes