Taxes - March 2007

I have a Canadian investment account. If I purchase a US stock do I pay taxes under US tax guidelines or Canadian tax guidelines?

Also I was wondering...In Canada you pay taxes on 50% of net capital gains from equities. Doesn't this mean if you buy and hold a stock for 10 years it will be tax free for those 10 years making it the same as if it were in an RRSP?

2007-03-09 15:53:04 · 1 answers · asked by peter_007_peter 1 in Canada

Do I need to amend my 2006 tax return?

2007-03-09 15:52:45 · 4 answers · asked by Real Estate Woes 2 in United States

I Need To File 2003, 2004, 2005 Returns And I Don't The Tax Programs

2007-03-09 15:44:24 · 4 answers · asked by emily h 1 in United States

2007-03-09 15:20:28 · 5 answers · asked by Gnani 1 in United States

My father and I are on the title of this house. He lives in his own house with his new family and runs a business there, but uses this address for tax deductions (the business used to be here). He tells his accountant this place is employee housing, but really it is where my husband and I live. We want to take over the mortgage, without his name on the loan, but he demands that he is dependant on this tax break, although the business is not run here nor are there employees of his living here.

2007-03-09 15:14:05 · 7 answers · asked by pocketrocket 1 in United States

2007-03-09 14:49:38 · 11 answers · asked by M 2 in United States

I only have one W-2 for 2005 but someone told me I have to file 2005 first before I can file for 2006 and I know I qualify both years for IRS's free file. Someone pleaseeeee help :[ I REALLY would appreciate it!!

2007-03-09 14:32:32 · 4 answers · asked by Anonymous in United States

2007-03-09 14:28:06 · 8 answers · asked by ♥ minainchi♥ 2 in United States

I lived in my house for seven years. I moved in with someone else, gradually, over several months, while I was fixing up my house to put it on the market to rent. I changed the address on my driver's license at some point during that time and filed a change of address form at some point and eventually put the house up for rent.
Now I'm thinking about selling the house.
I know that to avoid capital gains tax on a property you have to have lived there for two out of the past five years, but how do I determine when that was? Do I go by tax return, date I rented it out, driver's license, change of address form...or what?

2007-03-09 14:13:32 · 3 answers · asked by Anna H 2 in United States

I have a friend who is married. They only supplied their tax preparer his W-2's and not hers. They made a deal with a cousin who did not work for the entire year that they would claim her two sons and my friends would pay her $1000.00. Their entire refund was well over $8000.00. What are the odds that they will get caught and if so what will probably happen?

2007-03-09 14:05:36 · 9 answers · asked by Erica 2 in United States

I work for 2 families and they dont know what they need to give me inorder for me to file and i dont know what i need to do. It would be my first time filing. Any help would be greatly appreciated.

2007-03-09 13:36:49 · 2 answers · asked by C&J 3 in United States

I donated money to charities at work and didn't think I could deduct it as it was under $100 so I didn't get a receipt. Now my friend says that it is possible to deduct money given up to $600 w/o a receipt. Is this true?

2007-03-09 13:25:01 · 4 answers · asked by ronsfreak 1 in United States

kansas says i owe over $3000.00 in back taxes. i am disabled and live out of state. i have no property in kansas. can they seize property in another state?

2007-03-09 13:21:33 · 3 answers · asked by jefferydaume 1 in United States

award is for an industrial injury

2007-03-09 12:45:33 · 4 answers · asked by Linda B 1 in United States

I will be moving to Florida from Michigan, but my house in MI has not yet sold. If I change my residency to FL will I still be able to claim my property mortgage and taxes as my primary residence if I change my residency? We will be staying in an apartment when we move.

2007-03-09 12:21:38 · 4 answers · asked by Anonymous in United States

selling house. If i sell it for 200000 how much do i pay back at the end of the year in taxes.

2007-03-09 12:11:33 · 4 answers · asked by lady_eli_2 2 in United States

2007-03-09 12:06:08 · 5 answers · asked by Tim C 1 in United States

I have been real bad.I havent done my taxes in 2 years.

My first year I was self-employed and didnt make much, my second year I was W2 and 1099.

But my question is this? Will I break even because I have alot of write offs or will I owe alot for not filing?

2007-03-09 11:35:24 · 5 answers · asked by dirtdiva 2 in United States

I'm a resident of Connecticut. After deducting the 401K contributions, how will I calculate my monthly Federal and State tax deductions from the gross amount?

2007-03-09 11:24:20 · 2 answers · asked by Josh H 1 in United States

I quit my job to stay at home with our first bub, but would like to bring in some extra cash as a piano teacher as I have the qualifications. Hubby works approx 40hrs a week on a casual wage. Would I have to declare my earnings to the Government or would this be classed as a hobby? Would I have to give the students reciepts? Any business advise at all would be helpfull as I don't want to get in to trouble with Centrelink (I receive a small parenting payment) or the ATO. Thankyou!

2007-03-09 11:01:51 · 4 answers · asked by Anonymous in Australia

I have a C corporation in Delaware, conducting very little business and I live in Florida. When I do my taxes from online sales, how should I do that? All my things are registered in Delaware, my sales online, I do have an office in Fl but all is done from Delaware, any advice in how should I do my taxes?

2007-03-09 10:53:56 · 2 answers · asked by myentertainment.net 2 in Other - Taxes

2007-03-09 10:30:33 · 7 answers · asked by jenn11989 2 in United States

I'm using the taxcut software. While it does say I could deduct premiums if I was with an Hmo, it is not clear if I can deduct my bluecross/blueshield payments which add up to over 4000 a year.

2007-03-09 10:26:35 · 3 answers · asked by blutoadmirer 2 in United States

I thought of placing storage biuldings on the lots and renting them out. Has someone done this or has another way to make these lots profitable?

2007-03-09 10:07:57 · 1 answers · asked by Anonymous in United States

2007-03-09 09:35:14 · 4 answers · asked by sam168 1 in United States

I have 56,680 long term capital loss carryover from last year. I have 34,000 in short term gain can I apply this "long term capital carryover to this years short term gain?

2007-03-09 09:30:35 · 5 answers · asked by Ski_Bum 3 in United States

2007-03-09 09:20:50 · 5 answers · asked by lealsaira 1 in United States

I know it sounds obvious but for anyone who is an accountant or know one or dates one, how busy is tax season for you?

2007-03-09 09:20:46 · 6 answers · asked by ciao 1 in United States

I want to claim Married zero, what lines do I need to fill in on this worksheet and with what numbers. I'm completely baffled.

2007-03-09 08:48:27 · 3 answers · asked by canuckdavis 2 in United States

In 2006, I worked in UT, FL and MN. But my employer whose office is in MI gave me W2 for MI and MN state. So, I need to get the tax back from MI and also pay to UT state as it is not paid.
In case, if need to file for an extension then with which states I should file?
How to get tax refund from MI?
Appreciate, if get an answer to this.

2007-03-09 08:35:24 · 4 answers · asked by Shirish 1 in United States