Taxes - March 2007

If a relative is in a lower income tax bracket than me, are there tax or legal issues of taking cash and putting it in their bank account? Ofcourse, the goal here is to get interest income taxed at a lower tax bracket than what I would be taxed at if I put it on my own savings account.

Thanks.

2007-03-06 05:51:31 · 5 answers · asked by ajangity 1 in United States

I get two checks a year from book sales do i have to file

2007-03-06 05:36:09 · 2 answers · asked by The Child of the Shadows 2 in United States

2007-03-06 05:07:24 · 5 answers · asked by stars are bright 1 in United States

I want to sell some old solid gold and silver coins. At what dollar amount do I have to declair this sale on my next year taxes. The sale will probably be less than $600.
Thanks

2007-03-06 05:04:47 · 5 answers · asked by Anonymous in Other - Taxes

2007-03-06 04:39:00 · 2 answers · asked by bpdey 2 in India

2007-03-06 04:37:37 · 4 answers · asked by Jim F 1 in United States

2007-03-06 04:33:00 · 5 answers · asked by johnnybasebal 1 in United States

i filed my taxes about a month ago i got my federal taxes back already im just waiting for my state taxes the bank was hsbc

2007-03-06 04:26:34 · 4 answers · asked by ray m 1 in United States

On February 2nd, I received a notice that I was going to be audited for 2005. I used HR Block Tax Cut. I wanted to use my worry free audit support. After talking to multiple people who couldn't help me, calling numbers that didn't work, and getting the run around...I still haven't talked to a single person about my audit. They take the same info when I call, give me the same mystery numbers, for the same people who don't exist. I can't tell you how frustrated I am. My audit is next week. What do you recommend I do, other than try to inform as many people as possible that this "feature" doesn't work. I have been lied to and am ticked off! Help

2007-03-06 04:20:16 · 3 answers · asked by Laura F 1 in United States

What tax year can I claim this deduction. The 1098-C form is dated 2006 sent in August to me 2006.

2007-03-06 04:09:14 · 3 answers · asked by jilljimmom 1 in United States

What do you do if you loose it?

2007-03-06 03:43:33 · 10 answers · asked by Anonymous in United Kingdom

Since both 706 and 1041 is estate, what is difference between them? which one is i should use

2007-03-06 03:40:35 · 4 answers · asked by Anonymous in Other - Taxes

2007-03-06 03:35:50 · 14 answers · asked by BrendaS 2 in United Kingdom

tax is being deducted from my salary.do i have to add accrued interest earned from nsc to my income as income from other sources ? can i get deduction for the same under 80 c ?

2007-03-06 03:27:42 · 1 answers · asked by subra 6 in India

how much can i deduct for daily expences being i drive over the road and what line do i put in my deductions for this
thank you

2007-03-06 03:19:24 · 3 answers · asked by kenny b 1 in United States

2007-03-06 03:10:31 · 6 answers · asked by Little Bear 5 in United Kingdom

2007-03-06 03:05:35 · 4 answers · asked by SARAH C 1 in United States

2007-03-06 03:03:47 · 5 answers · asked by Dewell 2 in United States

I am a salaried employee in a Public Sector Bank in india. In 2003 I have not filed IT return due to my frequent transfers during April-Sept. Afterwards I am not able to muster courage to file IT return with one year failure to file IT return. Now I want to file IT return. All these years my employer is deducting tax to the last paise and remitting the same to IT department promptly. I have not concealed any income from my employer.

2007-03-06 02:43:27 · 5 answers · asked by amkrishna1957 1 in India

2007-03-06 02:24:54 · 8 answers · asked by Life As 1 in Australia

Looking for statements from March 1, 2003 - July 31, 2006

2007-03-06 02:04:49 · 4 answers · asked by dybuildersteel 1 in Other - Taxes

2007-03-06 01:58:50 · 4 answers · asked by ricardo s 1 in United States

2007-03-06 01:56:44 · 7 answers · asked by khushi 2 in India

I owe taxes for 2004, 2005 and 2006. I filed my 2004 taxes but didn't mail in my portion of taxes which stated i owed, but I haven't gotten my 2005 and 2006 filed yet. Can I mail them in one by one or do I mail them in all together?

2007-03-06 01:49:37 · 6 answers · asked by stella 2 in United States

2007-03-06 01:38:24 · 4 answers · asked by Yito P 2 in United States

2007-03-06 01:32:26 · 5 answers · asked by Mail J 3 in United States

Receptionist for a sign company

2007-03-06 01:29:57 · 1 answers · asked by kirsty h 1 in United Kingdom

2007-03-06 01:14:54 · 3 answers · asked by mitsu 1 in India

My father has about 80 acres of land and has recently retired. He needs to either sell the land or figure out a way to supliment his social security income. He would like to keep the land so that his children can inherit it..this is the idea he came up with and we need advise on if it is advisable to do this

He would like to incorporate the land and have us kids (9 of us) buy shares...from what I understand this can cause some complicated tax issues (double taxation as well as step up when property is sold)...is there a better way to handle this? Could my father maybe have a will that is updated regularly that would provide payback to each child what they are able to help with (some can do more than others, some not at all)...this would assure those of us who help our parents out that we are going to get a return and maybe give the incentive to the children who are not helping them out currently...does this make sense? Please Help!

2007-03-06 01:08:56 · 4 answers · asked by JennyJ 2 in United States

2007-03-06 01:08:42 · 1 answers · asked by kirsty h 1 in United Kingdom