Taxes - November 2006

2006-11-26 02:10:14 · 1 answers · asked by Anonymous in United States

2006-11-26 02:08:17 · 6 answers · asked by Anonymous in Australia

What is the EXACT definition of LTCG with respect to Indian stocks traded on the stock exchanges ?

Is it sell after 1 year or 1 year + 1 day or what ? I tried google and believe it or not, not one article came up with a simple explanation for the definition of LTCG with respect to share transaction on a valid stock exchange.


In my case, I have bonus shares issued by Mphasis BFL on 26/11/2005 for shares originally purchased on say 7/1/2004. If I were to SELL my bonus shares on 27/11/2006 (i.e., on Monday/tomorrow), will I be eligible for Long term capital gains tax (which equals ZERO) or should I have to wait until 28/11/2006 or what ?

For tax purposes, what is the date of acquisition for the bonus shares ? Is it the date of bonus shares (which in my case would then be 26/11/2005) or the date of original purchases (in my case, it would have been 7/1/2004)

2006-11-26 00:50:58 · 7 answers · asked by Anonymous in India

My former husband passed away a few weeks ago and I have been told that I could draw from his Social Security retirement fund. We were married for 25 yrs.

2006-11-26 00:31:25 · 5 answers · asked by patricia r 1 in United States

Ok make 15,000 a year and earned 800 in intrest from bank cds for the year. Live in NY and have no children and single and no deductions. How much do I pay on taxes for the 800 dollors intrest. I just want to know the ballpark figure. Is it 15% flat for the 800 bucks?? Thanks in advance

2006-11-26 00:09:58 · 2 answers · asked by David W 2 in United States

If you make 15,000 a year but also earn 800 dollors in intrest that year on bank cds. How much taxes do you have to pay around for the 800 intrest in cds? Just a ballpark figure? Is it 15 percent off the 800 dollors. Thanks.

2006-11-25 23:53:32 · 3 answers · asked by David W 2 in United States

Ok all you accountants need some advice. I've been working for haliburton in iraq for almost 2 years having gone home only once in that time. I have non resident status with my only ties to back home being a small bacnk account, visa and driver's license. In the 2 years I'll have made almost $200,000 all of which goes into a US bank account. When I come home I plan on transferring all that I have in it back to my Canadian account. Can anyone tell me if I will get taxed on the money I made? I have no wife and no kids..

2006-11-25 22:35:01 · 8 answers · asked by canuck33 1 in Canada

We have very little expenses, use our personal for the business. We like to buy a business car, any pros & cons? Also we pay tax approx £11k each year. We are wondering if can save this money in buying assets (property), shares in other companies, loans to other business. Help required?

2006-11-25 21:51:02 · 9 answers · asked by Zee99 3 in United Kingdom

2006-11-25 20:47:31 · 3 answers · asked by hawnbigboy 1 in United States

Check under both my husband's and my name, he has his Mexian ID (valid) 2 days ago on Thanksgiving night my purse was stolen with all my documents, the only picture ID i have is my old DL and it is expired. I need the money ASAP.

2006-11-25 19:45:49 · 5 answers · asked by Anonymous in United States

My friend's Turbo Tax return for 2005 has vanished from the PC. He says he can't file for this year without it. I know, it's a little late. Can't he get that info from the IRS or something? PLEASE help as he is blaming me and life is hell right now! I went to the IRS site, does he need to call them? I didn't see something nice like, "Ask IRS" lol...

2006-11-25 18:50:26 · 2 answers · asked by ^ _ ^ 4 in United States

2006-11-25 12:50:07 · 3 answers · asked by skippy 1000 2 in Other - Taxes

This info is for a freind whom has consulted w/ an atty. and stated that the only option is a settlement. This party does not have the money for a settlement nor enough assets to sell off to erase the tax liability. All wages garnished and personal asset(s) i.e. car has lien attached. Bankruptcy won't work due to this is non-dischargeable debt. This person understands the need to pay and has a good job-salary, but the IRS has left her/him with $333 to live on ea. month. Bascially poverty-stricken. No doubt the gov't has legal basis to due this, but, but, I believe it's unfair/ unjust to propel a person into dire straits with collection efforts. If the garnishment was not at the present level e.g. leaving this person with say $1000 to live on monthly, it would be affordable. I don't think the IRS... tax system, was setup to render a preson homeless or otherwise. Thank you for any assistance.

2006-11-25 12:06:23 · 4 answers · asked by geeluv 1 in United States

sale tax for electronics in ca...

2006-11-25 11:59:44 · 3 answers · asked by jonathanbt@sbcglobal.net 1 in United States

2006-11-25 09:36:35 · 1 answers · asked by allinliketinytim 1 in United States

2006-11-25 09:17:27 · 2 answers · asked by bjr808 1 in Other - Taxes

I live in Kansas City missouri and was wondering if anyone could tell me the actual percentage that gets taken out or if noone knows, what site could I go to, to find out.

2006-11-25 09:12:49 · 8 answers · asked by thecrazyone 2 in Other - Taxes

I own a busness With a gross of 40-50,000 before deductions . After the deductions, total is around 12,000 . I do get Child Credit so most of the time they owe me .After paying my social security, medicare etc. People say if they owe you , it's not as bad as to if you owe them. Thank everyone for their help on this matter.

2006-11-25 08:34:38 · 2 answers · asked by Cindy B 1 in United States

2006-11-25 07:58:23 · 3 answers · asked by charles g1936@hotmail.com 1 in United States

Can a minor child receiving death benefits work and how many hours are allowed?

2006-11-25 07:40:25 · 2 answers · asked by IVAN P 1 in United States

Because when your living at the homw with the child and supporting them, the child only see's the net income and not the gross income.

2006-11-25 07:11:25 · 3 answers · asked by ♥!BabyDoLL!♥ 5 in United States

i want to pay off my morgage of $42000. i also owe on my credit card a rather large amount, if the taxes or too high i could just pay off morgage and roll the rest into my 401k. if i do how much will i have to pay on $42000.00? i earn an income of app. $36000. a year on top of this.

2006-11-25 06:43:54 · 3 answers · asked by ann 1 in United States

Do I need to pay FICA tax (payroll)? Even if I do, should the difference be this big? ~$70 --> ~$58

2006-11-25 06:13:59 · 10 answers · asked by si1enc3d 2 in United States

I suspect that my signature on Federal
Return has been forged.

2006-11-25 04:49:07 · 2 answers · asked by martis2me 1 in United States

2006-11-25 04:36:26 · 8 answers · asked by prakash 1 in India

If I file for a LEGAL separation, will I be able to file my taxes as single or will I still have to claim married?

2006-11-25 01:43:16 · 4 answers · asked by Anonymous in United States

I am needing to know the states sales tax rate any information is appreciated

2006-11-24 21:38:11 · 2 answers · asked by Anonymous in United States

2006-11-24 17:45:07 · 3 answers · asked by Cathy C 1 in United States

PLz help me with my homework!!

2006-11-24 17:20:50 · 2 answers · asked by singer 1 in Other - Taxes

What is the minimun amount of money I have to make to be able to file income tax? I heard it was $4000 but I am not sure. Also, if I file income tax my parents cant claim me as a dependant right?

2006-11-24 15:38:43 · 5 answers · asked by st_al_xii 3 in United States