Taxes - December 2006

please tell me all advantages and disadvantages.

2006-12-18 09:33:24 · 5 answers · asked by higherworldcivilianguy 1 in United States

I am selling a business and have $1400 in taxes to pay that are past due I am going to pay them and want to make sure irs doesn't send the new owners the notices on that since they will have a new tax id ect. I just want to make sure that they will NOT be held acountable for any thing that was during our ownership.

2006-12-18 08:42:11 · 6 answers · asked by Tracy M 2 in Other - Taxes

I know there are some states with no state income tax, like FL. If i have an address in FL, but work in another state, do I get taxed or not? Also, some cities, like NYC have a city tax too. What if you work in NYC but live in the next city over???

2006-12-18 08:41:21 · 7 answers · asked by Anonymous in United States

Im importing some water radiators from china however the supplier does not have ce but have iso9001-2000 i thought ce was only for electric goods, im not selling them just using them for my own home do i still need the ce stamp will customs let them through for personal use,please help any help would be great thanks all

2006-12-18 08:19:04 · 3 answers · asked by Anonymous in United Kingdom

2006-12-18 07:55:34 · 7 answers · asked by Kyle S 1 in United States

I am well aware of the Hope Credit, but the wording under the Hope Credit says that it can be used for tuition and related expenses. Can anyone help me out on this matter, I'm trying to use every tax break I can here. Any suggestion on if this is Ok, and if there is anything else I may use?

2006-12-18 07:43:37 · 13 answers · asked by Andy 3 in United States

100 years ago, there were virtually NO taxes. No gas tax, no death tax, no _fill in the blank_ tax, AND we had no debt. Why did we initiate all these taxes and suddenly we have all this debt? Perhaps we should stop taxing everything and stop spending so much money on government programs.

2006-12-18 07:03:52 · 2 answers · asked by Anonymous in Other - Taxes

I'm currently in the process of trying to figure out how many hours I should work per week inorder to maximize my income. It seems like I make less when I work more so I'm trying to figure out how many hours I should work for maximized income/taxes. I dont think that its linear I'm pretty sure its curved any help would be good.

2006-12-18 06:48:01 · 4 answers · asked by Nobody 1 in United States

2006-12-18 06:38:30 · 2 answers · asked by Anonymous in United Kingdom

2006-12-18 06:23:59 · 6 answers · asked by jcwiechert 2 in Other - Taxes

2006-12-18 06:22:51 · 2 answers · asked by jcwiechert 2 in Other - Taxes

Which TurboTax Software fits me? With house mortgage and business.?
I have my own regular salary from work. I registed a furniture company (sole proprietor) in May this year but I haven't started the business yet. I went to oversea for looking for a good manufacturer last month.
1. Could I claim the travel fee, register fee and advertistment fee (for the company) as expenses?
2. I don't have any income from my business. Could I claim the above expenses from my regular income?
3. Which TurboTax Software fits me?
Thank you for all of you.

2006-12-18 06:01:46 · 2 answers · asked by YY 1 in United States

If I have a expense in 2006 and don't get billed for it till 2007 can I still use it on itemized deductions on Schedule A. We will be over the 7.5% of income. So like to get all we can.

2006-12-18 05:57:49 · 5 answers · asked by toddrws 1 in United States

its not form 4506-T .

2006-12-18 05:15:33 · 2 answers · asked by Anonymous in Other - Taxes

If I am on public assistance do i need to fill out taxes still? Im never worked because of a disablity and have never filed out a tax form.
I have two daughters both on plublic assistance too (under 2)

2006-12-18 04:46:48 · 10 answers · asked by ? 3 in United States

Are there any issues of taxes and foreign exchange, if i request money from my PAYPAL account.
Becoz that is in dollars and I live in India i.e. i'm concerned with rupees.

2006-12-18 04:36:32 · 4 answers · asked by lose control 2 in India

I recently sold an investment property with some profit and if I use this money to payoff an home equity line on my primary residence, will I have to pay taxes on it?

2006-12-18 04:33:07 · 4 answers · asked by mrjoe4jrh 1 in United States

council tax, utility services etc

2006-12-18 04:29:10 · 7 answers · asked by elizabeth 1 in United Kingdom

What is limit she can earn in interest from her savings without paying tax?

2006-12-18 04:25:26 · 7 answers · asked by spike 5 in United Kingdom

Some lower courts will try to uphold the 16th ammendment as the law. However, the Supreme Court has ruled the 16th ammendment DOES NOT allow the Government to tax income (income as defined by the constitution, the IRS does not define income in its code). So, why are we voluntarily paying this tax? I don't know about you but I could use the thousands of dollars the IRS is claiming illegally from me.

2006-12-18 04:12:37 · 21 answers · asked by Anonymous in United States

2006-12-18 03:49:51 · 2 answers · asked by rakel 1 in Other - Taxes

2006-12-18 03:30:54 · 3 answers · asked by MARIA H 1 in United States

2006-12-18 03:14:33 · 7 answers · asked by Rez 5 in United States

2006-12-18 02:57:13 · 4 answers · asked by coachmpride 1 in United States

2006-12-18 00:56:36 · 7 answers · asked by lake_george_kid 1 in United States

I hold British and German passports. If I bought a property in Germany as an investment, would I be liable to pay tax on the rental income and on the sale of the property in the future? If so, how much?

2006-12-18 00:30:48 · 2 answers · asked by MCB 1 in Germany

I was payed fulltime when i work part time. My employer said i can pay it back in installements. because i was given the gross amount and not the net amount, what the best way t o pay it back? over 2 years? more or less? because they will deduct tax from that amount.

2006-12-17 22:24:41 · 8 answers · asked by Goldfish" 1 in United Kingdom

My mother (70 years old) owns 25% of the property she lives in, with another relative owning the remaining 75%. My mother wants to hand her share over to me now, with an apporoximate vale of £50,000. She would remain living in the property. Are there any tax implications? (the whole estate is under the CGT threshold)

2006-12-17 22:16:03 · 4 answers · asked by Steve R 1 in United Kingdom

I've just had a letter from my old council saying that a retrospective council tax adjustment means they owe me around £60. This was for a house I lived in 8 years ago. They want me to write back and say that I currently live at that address in order to claim my rebate.

Why should I still have to live there? If I "overpaid", then surely I'm entitled to the rebate whether I live there or not?

At the moment I'm thinking of carefully wording the letter, such as "I can confirm that the address shown is correct" which doesn't actually say I live there!

Any help appreciated, thanks!

2006-12-17 20:10:05 · 3 answers · asked by Geoff M 5 in United Kingdom

My grandma died 3 years ago and willed her three houses and 5 acres of land to me I was only 18 at the time and had no idea what to do with it! I still don't know how to claim the property or the amount that I would have to pay if I did. does anyone have an idea of % they tax? Serious answers only please! Thanks =o]

2006-12-17 19:41:16 · 2 answers · asked by Amber Marie 2 in United States