Other - Taxes

Since Life insurance premiums are not tax deductible I was wondering if Critical Illness premiums are tax deductible. I think that these premiums should be considered as a medical expense.

2007-06-29 06:14:46 · 3 answers · asked by Anonymous

i been given a sales invoice for 139.52 net ,24.42 vat,163.94 gross ,but this invoice has been entered on the wrong side of the accounts ,how would i correct this please can u help

2007-06-29 00:31:59 · 2 answers · asked by Anonymous

As I type, this question is being asked of Democratic Presidential Candidates. They seem to have glossed over the FACT that Corporate America pays about half of what Individuals pay, using phoney offshore tax loopholes to create higher profits, eliminating American jobs as well.

Should the "rich" pay more, or should Corporate America face up to their obligations?

2007-06-28 15:00:43 · 12 answers · asked by Anonymous

My husband and brother-in-law just got laid off from their jobs. They are thinking of starting a contracting business of their own. I was wondering, can they still collect unemployment untill the checks start coming in from their business, as long as they claim both incomes at the end of the year?

2007-06-28 00:53:15 · 4 answers · asked by mommyfor4 2

I am late to file my taxes because I fogot about it and did not file for an extention. Should I still file my taxes? Incidently, I don't owe anything and live overseas. But I think the question should be answered to the generic point that if one forgot to file when and if should then do so?

2007-06-27 17:26:46 · 8 answers · asked by evotelution 1

What is the formula to compute it and write it on the sales invoice?
sales=222 -this number is example only
VAT=?
--------------------
Total=300 US $

2007-06-27 13:06:38 · 1 answers · asked by archiemedes p 1

i was told an art painting is fully deductable when purchased as long as it is going to be hung in the buisness for 9 months.
is that true?

2007-06-27 05:52:10 · 3 answers · asked by Anonymous

Buffett said he makes $46 million a year in income and is only taxed at a 17.7 percent rate on his federal income taxes. By contrast, those who work for him, and make considerably less, pay on average about 32.9 percent in taxes - with the highest rate being 39.7 percent.

2007-06-27 05:02:21 · 7 answers · asked by jck_kerouac 2

2007-06-27 04:26:38 · 7 answers · asked by ? 1

We just paid off our mortgage, but have an outstanding home equity loan, which we took out to benefit from the tax deduction. Now that the mortgage is paid off, we're wondering if the loan is still deductible.

2007-06-27 02:09:34 · 3 answers · asked by wynette2000 2

i saved around $1500 on my taxes with one year full time correspondence education course in 2006, but now i want to do some other course which will give me same kind of tax deductions for my income tax, please suggest some inexpensive online or correspondence courses....

2007-06-26 13:50:08 · 1 answers · asked by sauga_boy 1

That seems a little strange to me

2007-06-26 11:58:21 · 5 answers · asked by scottanthonydavis 4

If I am a State citizen how do the laws of Federal Income Tax apply to me.

Aren't those laws exclusive to the District of Columbia and to those businesses who sell Tobacco, Firearms and Alcohol only?

And as far as the forms sent to me every year telling me to pay based on the monitored earnings attached to my social security number, Internal Revenue Code, Section 6109(d), (I've added the emphasis):

"The SOCIAL SECURITY ACCOUNT NUMBER ISSUED to an individual for purposes of section 205(c)(2)(A) of the Social Security Act shall, except as otherwise be specified under regulations of the Secretary, be used as the identifying number for such individual for purposes of this title."

Search as much as you want, but you won't find an issued account number. Yet, this is what your tax law wants. Every April 15th, you swear a perjury oath to the federal god that you have a number that does not exist

Can someone help answer my question and address"account number"is it a private bank

2007-06-26 11:27:59 · 4 answers · asked by scottanthonydavis 4

2007-06-26 01:55:38 · 2 answers · asked by judy d 1

2007-06-25 17:58:01 · 5 answers · asked by Julia H 1

2007-06-25 17:10:47 · 3 answers · asked by Julia H 1

im confused, i just had a baby, and im wondering if i will pay higher taxes now. im mypay it has a tax exemption option and i think i would choose 3 me, wife, and baby. but i want to find out if i will pay more or make more. thanks.

2007-06-25 14:08:34 · 4 answers · asked by rob w 2

I withdrew my whole amount from my Traditional IRA. A total of $11,500.00. How much should I put on the side from this amount for taxes purposes at the end of the year?

I also did the same thing on another Traditional IRA acct that i have for a total of $7500.00. How much should I put on the side from this amount for taxes purposes at the end of the year?

I know this was not the smartest thing to do but without going into detail it had to be done...thanks

2007-06-25 07:28:27 · 5 answers · asked by Anonymous

2007-06-25 04:49:42 · 4 answers · asked by Anonymous

hi
me doin ca (inter) wid last yr of college
i m interested in d field of double taxation
can n1 of u provide me wid details

2007-06-24 21:22:57 · 3 answers · asked by Thierry henry 1

2007-06-24 12:12:00 · 1 answers · asked by monica7786 1

My employer is moving to Wisconsin. I will be moving also, but have the option of living in either Minnesota or Wisconsin. Knowing which state takes my taxes will influence my decision.

2007-06-24 07:40:11 · 9 answers · asked by joey 1

2007-06-23 22:50:28 · 5 answers · asked by Anonymous

2007-06-23 14:09:14 · 5 answers · asked by mom of 2 1

I'm reading where banks don't withhold or report tax on interest earned by non-resident aliens. If that's the case, do they get to avoid paying tax?

2007-06-23 12:07:59 · 5 answers · asked by lucky_lenny_1964 3

2007-06-22 18:03:51 · 1 answers · asked by Anonymous

2007-06-22 08:15:38 · 5 answers · asked by Manu Ginobili 1

My ex husband and I share(d) custody of my daughter and the original agreement says that each even year he claims her on taxes and each odd I claim her. At this time he was also seeing her 6 months out of the year. Now he has turned into a dead beat dad and hasn't seen her in almost 1.5 years and he expects to claim her this year.

My question is that since she hasnt' set foot in his house in so long nor does he pay any assistance does he have the right to claim her?
I don't want to mess up my taxes by assuming he's a total dead beat.

Thanks!

2007-06-22 03:22:27 · 5 answers · asked by JellyCat 4

How would the interest deduction being treated at the end of each year if a father and a son buying a house together, and both are on the loan together, when the father already owns another house as primary home? They won't be filing taxes jointly. So since they will be filling out a tax crediting form (1098 or 1099?) at closing, would the interest deduction be split down the middle?

2007-06-21 21:07:26 · 3 answers · asked by robert w 2

2007-06-21 21:00:18 · 2 answers · asked by blueskys 2