Taxes - April 2007

Some executives from top companies only claim $1 annual salary. So then where does most of their spending money come from? If it's from stocks and investments, don't they need to liquidate that? How does this create a tax advantage?

2007-04-01 06:49:44 · 2 answers · asked by samxli 2 in United States

2007-04-01 06:08:23 · 3 answers · asked by zooz2 2 in United States

2007-04-01 05:25:47 · 4 answers · asked by bow37 1 in Other - Taxes

I am wondering if capital gains are included in the definition of "gross income" or it is just money that you have earned through employment?

2007-04-01 04:52:16 · 3 answers · asked by copperline78 2 in United States

I got married on Nov 2 of last year but my mom said that she claimed me as a dependent already on her taxes. So I was just curious do me and my wife just file separately or should I still file as a married couple? I just don't want to get audited so I was just curious on what to do.

2007-04-01 04:40:03 · 6 answers · asked by Jahrwh 2 in United States

can I deduct gas/ mileage to & from work ( I live 15 miles fr. work) on fed. income tax return?

2007-04-01 04:35:36 · 3 answers · asked by kayask06 1 in United States

TICKET NMBER 56475600545 188 SEREIAL UMBR5368 LUKY NUMBER29---17 MARCH 2007

2007-04-01 04:34:04 · 12 answers · asked by khaled f 1 in United Kingdom

2007-04-01 04:22:31 · 3 answers · asked by Ares 3 in United States

I have won sizeable international lotteries (2,000,000 & 500,000).
How do I pay the taxes and how much do I have to pay?

2007-04-01 02:36:00 · 7 answers · asked by Eileen D 1 in United Kingdom

I started a S Corporation in 2006 and put in $900 to start the business. At the end of year my corporation showed a loss of $300. My questions are....

1. I will be filing a loss on my s corporation return (s-1120) of $300, which is fine. But can I show $900 as a loss on my personal return?

2. Do I need to combine both my s-corporation and personal returns or can I file them separately?

3. Do I need to use some special form to transfer my loss of $900 from s corporation to personal return?

Any input I can get on this would be greatly appreciated.

Thanks!

2007-04-01 00:58:36 · 4 answers · asked by Gator125 1 in United States

If I make a donation to a charitable organization, am I actually saving myself any money? If I donate $500 in the course of a year I'm lowering my taxable income by $500 and saving the $100-$150 in taxes I would have paid on that money. But I'm still out that $500. Am I wrong in thinking that donating for the sake of saving on my taxes is pointless?

Now I do realize donations should be done out of kindness and really should be done without consideration of the tax implications. I also realize that donating in the form of used items is probably the better way to go from a tax savings standpoint.

2007-04-01 00:07:13 · 6 answers · asked by Justin H 7 in United States