Taxes - December 2006

2006-12-10 02:19:47 · 6 answers · asked by Anonymous in United States

with no employees. Our accountant tells us that as a sole proprietor with no employees, we cannot do payroll. Our relative tells us otherwise. Also our relative told us that we shouldn't be filing a schedule "c" on our tax return. I thought that all small business owners file schedule "C". Does anyone know about payroll or schedule "C"? I am very confused. Our relative is trying to lead us to believe our accountant is inefficeint. Please help!

2006-12-10 01:44:55 · 6 answers · asked by Anonymous in United States

2006-12-10 01:37:56 · 3 answers · asked by avijit 1 in India

1)Write a detailed note on set off and carry forward of losses ?

2) With reference to the Tax Audit requirement as per the provisions of section 44AB of the Income Tax Act , 1961 , discuss the provisions regarding :-

a) Compulsory maintenance of books of accounts
b) Tax payable on presumptive profits
c) Payments allowable on payments basis

2006-12-10 00:59:36 · 3 answers · asked by jena k 1 in India

Taxes are a big issue for retired people on fixed incomes. With rising medical costs, too, and utility bills, I am afraid for the future of older Americans.

2006-12-10 00:01:44 · 6 answers · asked by CAROLYN T 1 in Other - Taxes

mr. dutta, a partner of xyz enterprise, has earned Rs.96000 as a salary, Rs.10,000 as commission and Rs.20,000 as a share of profit. the taxable income of mr dutta is ?

2006-12-09 23:15:27 · 5 answers · asked by Anonymous in India

2006-12-09 22:40:34 · 4 answers · asked by Anonymous in Other - Taxes

2006-12-09 22:02:57 · 1 answers · asked by Reina R 1 in Other - Taxes

I am new to owning a house and this is my first property tax payment I am sending this month.

2006-12-09 19:19:27 · 7 answers · asked by Indigo 2 in United States

What costs are tax deductible against a residentail rental property
a) major repairs?
b) minor repairs?
c) management fee - e.g., rental broker?
d) travel costs - e.g., air fare - to/from property?
e) depriciation?
f) Is there a sliding scale based on income level?

Thanks!

2006-12-09 18:52:14 · 5 answers · asked by Sanjay C 1 in United States

Hi. I want to know about the tax rate and levy of medicare in the United States of Ameirca ? Could you introduce me a website?
Thank you.

2006-12-09 18:45:41 · 2 answers · asked by Anonymous in United States

I would like to lower my capital gains tax as much as possible. I already know about the income tax bracket and the length of time you hold a stock affects the capitals gains tax but is there any means to reduce capital gains taxes? (For example IRA Contributions)

What is the best way to protect my capital gains earnings? (Legally of course!!!)

2006-12-09 18:22:15 · 4 answers · asked by Anonymous in United States

2006-12-09 18:19:42 · 4 answers · asked by Anonymous in India

I'm living in an apartment right now and wondering if all the rents that i pay every month, are they tax deductible?

2006-12-09 18:19:35 · 6 answers · asked by bibi 1 in United States

any links that can help

2006-12-09 17:29:35 · 5 answers · asked by lolo 3 in United States

To properly structure a loan between family members so as to avoid tax consequences to the person being lent the money, does the person lending the money need to charge the prevailing rate of interest. If so, is the rate prime plus one, or some other amount. Are there any other potential requirements that I should look into?

2006-12-09 17:20:46 · 4 answers · asked by Anonymous in Other - Taxes

2006-12-09 17:06:02 · 4 answers · asked by lolo 3 in United States

How does this work with taxes / income? If it's only temporary for a family that lost their home and ALL belongings to a fire, do i need to register with the irs as a non-profit? And what would be a good method of receiving donations online, maybe paypal? Any suggestions would be great, but please serious answers only.

2006-12-09 15:25:31 · 5 answers · asked by >>Ascher<< 3 in United States

state said if I show ss#

2006-12-09 14:40:19 · 3 answers · asked by Anonymous in Other - Taxes

2006-12-09 14:32:17 · 3 answers · asked by cntrybmpkn_95 2 in Other - Taxes

2006-12-09 14:26:44 · 4 answers · asked by Anonymous in United States

TOI reported about a month back that the benefit under section 54 is being overused resulting in a lossof tax revenues to the Govt. It said that now the only way of saving the capital gains arising out of sales from your property is to invest in infrastructure bonds. Is this already a law or just a proposal ?

2006-12-09 14:21:48 · 5 answers · asked by Max 1 in India

2006-12-09 14:19:04 · 4 answers · asked by cntrybmpkn_95 2 in United States

tryin to see what i will expect back from taxes,....i got married this year, now have 4 children..bought a house this year also...my wife worked...i have made approx 34 thousand gross,..she 7 thousand......approx, according to gross on my checkstub....have paid bout 3 grand in interest on house payments..fed income tax withheld is 4500.......can someone guesstimate?

2006-12-09 12:13:30 · 4 answers · asked by niner_72601 1 in United States

He just starting working part-time. I pay all bills and expenses. How do I claim him on my taxes? I make over 70k

2006-12-09 11:03:44 · 4 answers · asked by cuz_rilo 1 in United States

i work in a company where i get always get taxes from state (California) and federal but i've only been there for 4 months, its my first job, should i still have to do my taxes in 2007??

2006-12-09 10:40:26 · 8 answers · asked by abigail 1 in United States

2006-12-09 10:40:06 · 4 answers · asked by osunumberonefan 5 in United States

2006-12-09 10:32:35 · 6 answers · asked by jesse r 3 in United States

Somebody told me they once were and I didn't think that was possible. If it is, what amount of income would pay that much.

2006-12-09 10:04:15 · 6 answers · asked by luvfurypassionenergybabe 5 in United States

I know some states don't have state income tax, but do these states' residents still have to file a state return? Thanks!

2006-12-09 09:59:00 · 11 answers · asked by Jeremy 1 in United States