Other - Taxes

This is not considered earned income, so I was wondering if I have to report this and if i do, How would I report it as?

2007-03-11 14:15:02 · 5 answers · asked by Mr. Right 1

2007 tax return question

2007-03-11 11:12:39 · 3 answers · asked by Topaz 1

I have some money invested in a sort of term deposit style fund because I am saving for a house. Now, I know the interest I earn in this fund is considered income, but if I leave it off my tax return, what are my chances of being caught?

The fund has my tax file number so they don't deduct tax from it at the highest marginal rate and I assume they will use it to report my interest earnings (income) to the tax office at some point.

But I was going to leave this fund off my tax return completely.

So, what are my chances of getting away scott free and not being audited by the tax office down the track? I'm thinking they would have bigger fish to fry than me so my chances look pretty good?

I pay tax on my work salary which I think is enough. It's not like I see benefit from it within soceity. Why give the Government more to plunder away when it could be used towards a house.

I have no guilt so if it's possible I will do it. Everyman for themselves in this world.

2007-03-11 11:00:29 · 8 answers · asked by Anonymous

2007-03-11 09:18:02 · 5 answers · asked by Cesar G 1

a chuirch is tax exempt but not an individual pastor who draws millions out in personal dividends.

2007-03-11 08:55:14 · 2 answers · asked by ringading75 1

personally she must owe millions. she should be proud to pay her fair share. She lives a high lifestyle on church dividends.

2007-03-11 08:54:01 · 4 answers · asked by ringading75 1

2007-03-11 08:06:20 · 4 answers · asked by Dan J 1

Hi I'm actually asking for my mom. She's been my daycare provider since I went back to work, and in '06 I paid her $400. She's a homemaker, my father works and they have 3 dependants. I want to use the child care credit on my taxes, but will they come after her for not filing if she doesn't? It's only $80 for me so if it cost her more than that, I'd rather just skip it.

2007-03-11 07:43:15 · 11 answers · asked by CJ'sMomma 2

2007-03-10 19:31:31 · 3 answers · asked by tina c 1

My former husband is general manager and V.P. (for 17 yrs.) at his place of work. The business, based in California, builds custom homes and also provides building services for new housing developments that are being built. The business is approx. 25 yrs. old and is successful.

The last few years he and his boss (the business owner) go 'off shore' (as he calls it) to do the business taxes. They recently returned from a weeks stay in the Camen Islands...he said they were there for business and to tend to business taxes.

I was married for 23 yrs. and now peacefully divorced 4 yrs. While I don't care for or talk much with my ex . . . we are still overall fine and amiable with each...our conversations only relate to our three kids (ages 14, 17, 20).

Why would a business go outside the United States to do their taxes? Seems odd to me and would like to understand.

Any answers or insight ?
.

2007-03-10 17:01:23 · 1 answers · asked by onelight 5

I am not self-employed; I work as an employee for a company. What can I deduct on my taxes? And, I took out a loan for school only in my name, but my parents paid for the loan. I received forms from my school and bank on payments I could deduct. Can I still deduct them?

2007-03-10 14:10:50 · 2 answers · asked by oliviastats 2

my question is: if i am a full time student and i worked all year around full time. I am only 18 and i was able to clear about $15,000. I claimed S/0 on my taxes. what does that mean exactly. My main concern is will i receive most of my taxes back? also an added factor is that my parents are not able to claim me b/c i made 15,000, but i didn't know that until we took my taxes to the lady who prepares them for us.

2007-03-10 04:19:29 · 5 answers · asked by pisces_dreamer06 2

walking out of economic activities which it was engaged previously.but why tax to gdp
ratio has not fallen?atleast why an attempt to reduce tax is not even considered?is an era of low taxation inconsistent with era of liberalisation?

2007-03-10 03:53:46 · 2 answers · asked by Anonymous

from 1099B have a few $ gain from probably
a partial sale...not sure
stock name & cash/lieu of few $ listed, no
share amount
in the past i would list 1 share & a reasonable buy value, and + the gain value to obtain a sell value
such that the difference would agree with the
1099B gain
i was afraid that leaving the share # and buy $
omitted would "tilt" the return
appreciate any comments
thanks

2007-03-10 03:39:30 · 4 answers · asked by luckyhenry 1

Even if you already have a job and are merely seeking one in a different part of the country? I recently had an interview about 400 miles from home, so I drove 800 miles to attend it. If this is a tax deductible expense, how is it deducted- by the cost of gas or by mile?

2007-03-10 02:57:57 · 2 answers · asked by Nicole 3

2007-03-09 23:58:31 · 2 answers · asked by Sarah L 1

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

If a person won 1 million dollars, what would they have to pay in taxes on that amount,or, what would their net profit be?

2007-03-09 05:53:36 · 7 answers · asked by Sandy 1

PC may be graduate from any university but his business sense is lower than a kirana merchant. Does increasing taxes on common men directly or indirectly a right way to increase revenue.

2007-03-09 05:28:34 · 5 answers · asked by dragon77 2

Does anyone know how this works? If I have say...8 allowances on my W-2's (dependants)...

1) Does that mean the goverment takes out more or less taxes??
2) Does that mean I'll pay/receive refund come tax filing time?

2007-03-09 04:47:19 · 11 answers · asked by SF 1

2007-03-08 19:36:24 · 1 answers · asked by Vinko N 1

Are personal loans deductible from business taxes??? if a family member is giving me 165000 as a loan for my business...will i be able to deduct it from my business taxes?? i have a corporation.

2007-03-08 19:00:44 · 1 answers · asked by Chica 1

2007-03-08 08:09:36 · 7 answers · asked by Summer Blonde 1

2007-03-08 06:29:45 · 5 answers · asked by SalukiDawg747 1

Can a company in OK sell a piece of machinery to someone who is going to use it in TX and not have to charge sales tax? I have a stamp for farm use exemption, but this isn't farm use. What info will I need? Will I need any forms?

2007-03-08 04:41:55 · 2 answers · asked by Becky F 4

I am going to owe about $600 this year. But my wife and I are both claiming Married 0 and having an additional $30 taken out. I have heard if you take out additonal money you will always owe. Is this correct?

2007-03-08 04:03:55 · 7 answers · asked by Dallas O 1

2007-03-08 02:44:38 · 15 answers · asked by wisdom 3

It's that time of year again... woo hoo and off we go down the long and winding road.

2007-03-08 02:34:51 · 5 answers · asked by Anonymous

chemicals & other products

2007-03-07 18:27:47 · 1 answers · asked by SUDIPTA Mitra 1

2007-03-07 17:59:05 · 4 answers · asked by flp413 2