Other - Taxes

I'm thinking the IRS will tax all of the growth ($43,000), as ordinary income. So if I do a 1035 tax-free exchange of $43,000 to another tax sheltered annuity and a withdraw of the remaining $100,000, I should pay no taxes at that immediate time? Sound right? Thanks for any tips.

2007-06-04 11:31:51 · 0 answers · asked by bgsimsrvp 1

What are the chances of getting audited if you only make around 50K a year

2007-06-04 10:31:22 · 7 answers · asked by gas185 1

An american company is opening a branch in Panama and wants me to run it for them there. I am not US citizen nor Panama citizen. Since the company is based in the US, do I pay US taxes, Panama taxes or my country's taxes?

2007-06-03 05:10:49 · 6 answers · asked by nani 1

2007-06-02 16:57:05 · 6 answers · asked by Monica R 2

I have a king size mattress set, 32" tv and chaise sofa that I do not want to move cross country. Can I have Goodwill pick it up and write it off? IF so how do I determine the value?

2007-06-02 13:44:13 · 9 answers · asked by basketballfan 1

I was wondering when can I file for rental rebates for the year of 2006

2007-06-02 01:11:43 · 2 answers · asked by free2speak44 2

2007-06-01 05:25:26 · 7 answers · asked by UltraMorado 2

Has anyone received emails from foreigners in countries asking to be beneficiaries to collect and distribute large sums of monies? Is this a scam? Have received 3 so far.

2007-06-01 04:32:16 · 10 answers · asked by julie w 1

Just hoping the section 179 still applies to this. The vehicle is over 6000 pounds and would be used for 70% business.

2007-06-01 02:44:54 · 3 answers · asked by John B 1

when the ugandan government introduced the value added tax the business community did not like it, why?

2007-06-01 01:34:59 · 4 answers · asked by Anonymous

2007-05-31 14:33:03 · 1 answers · asked by kylizmom 1

2007-05-31 07:31:23 · 2 answers · asked by Gregory P 1

2007-05-30 17:03:12 · 2 answers · asked by mrdnrivera 1

1. What exemptions may be taken on Federal Income Taxes?
2. Who pays Social Security taxes to the FICA?

2007-05-30 12:25:39 · 2 answers · asked by Tiffany 1

Refresh; If giving a discount on products and or service, Do I charge tax on the total price before discount?
ie; $869.00 Total, Disc. $70.00. Tax the Total of $869.00?

2007-05-30 06:31:58 · 5 answers · asked by Teri 0212 2

Hi

What are the personal income tax rates in Gibraltar and what must you do to qualifiy as a tax resident?

Thanks

Daniel

2007-05-30 03:02:23 · 1 answers · asked by Anonymous

2007-05-30 01:45:49 · 6 answers · asked by Barbara Doll to you 7

I just want to know how often you file taxes on Childcare business?????

2007-05-29 07:16:52 · 4 answers · asked by loka 1

I am a college student and I play around with stocks. I just got home to find a 1099 form which obviously I didnt file on time if I had to file. My only income is proceeds from stock. My proceeds from stock are $7385.34 for the year and purchases are $7,162.92. So I made $222.42 for the year... not a lot anyway do I need to file.

2007-05-28 17:58:12 · 5 answers · asked by M C 1

1. can i take these money in my pocket or they are valuable only in tax forms?
2. can i use them after graduating?
3.what exactly means these sums, they decrese every year but i dont see their benefit....

2007-05-28 16:42:22 · 5 answers · asked by Theta40 7

2007-05-28 14:58:29 · 2 answers · asked by Anonymous

2007-05-28 14:56:45 · 2 answers · asked by Anonymous

2007-05-28 13:38:02 · 3 answers · asked by black_man_in_china 1

Is it worth supporting?Can it work?Wouldn't it be better if it was passed along with major spending cuts and a change in the way govn't does business???I'm a "centrist" Dem but I think big Govn't needs to be done away with...Ironically the GOP has helped make that Govn't bigger as well as old school liberals!

2007-05-28 12:47:02 · 4 answers · asked by drokk 2

If I send more than $600/year to other countries, is required to send a 1099 Form?

2007-05-28 08:29:11 · 2 answers · asked by Anonymous

2007-05-28 02:23:32 · 4 answers · asked by escee 1

2007-05-28 01:10:39 · 4 answers · asked by Krishnan E 1

what is the defination of relief checks?

2007-05-27 12:55:43 · 2 answers · asked by Anonymous

2007-05-27 10:10:17 · 2 answers · asked by FC 1

Every paycheck I get a lot of money taken out of my paycheck for taxes...understandable. I just want to know what factors go into this and maybe a detailed report of each factor and its contribution.

2007-05-27 08:06:29 · 2 answers · asked by bruce_eel 4