United States - July 2006

I'm selling my house. I expect not to buy another house for a while. How long do I have?

2006-07-08 13:04:48 · 6 answers · asked by Hank 3

I worked in california last summer, and had to pay their income tax, i am supposed to get 79 dollars back. i filled my taxes in late febuary and am still waiting to this day.

2006-07-08 12:35:44 · 4 answers · asked by mighty_cuinn 1

I bought a house for a rental 1.5 years ago with a 1031 that is appraised at 350k, I just took a loan out on it for 200k. If I sell this house this month, how much do I have to exhange. does the sale of the house pay the loan off and keep the money have only to spend 150k or do I need to spend what the house is worth?

2006-07-08 12:22:05 · 2 answers · asked by Anonymous

I believe these facts to be true:
* dividends are paid out of a company's equity
* as a shareholder, you're only getting your own capital back (no gains)
* the exchange deducts the dividend from the share price once paid (see example below)

Example: You have 10 shares worth $10 each, or a total investment of $100 (10 shares x $10).

You receive a dividend of $1 per share. That's $10 cash in your pocket (10 shares x $1); however, at the same time your shares go down in value by one dollar to $9 a share. Thus, you now have:

$10 cash in your pocket plus:
ten shares at $9 each worth a total of $90.

After the dividend, you STILL are worth $100, yet the governement will slap you with a tax bill on your dividend.

WHY? WHY? WHY? Someone PLEASE answer this. This is madness.

Thanks.

2006-07-08 11:22:24 · 8 answers · asked by Max Power 1

Would anyone like pay for my schooling ?

2006-07-08 06:47:06 · 2 answers · asked by littlehuevo 3

2006-07-08 06:41:42 · 11 answers · asked by Rory A 1

2006-07-08 03:54:12 · 6 answers · asked by Anonymous

2006-07-08 03:28:57 · 13 answers · asked by rich p 1

2006-07-07 23:21:16 · 4 answers · asked by marcy m 1

I called the person who prepared my tax and she is not returning my calls, what should I do?

2006-07-07 23:17:12 · 10 answers · asked by lisa 1

If you bought a car and paid taxes on it then sold it to someone, they pay taxes on it and then if by chance you bought it back (hypothetically dumb, but possible) you would owe taxes on it. I don't get it.

2006-07-07 19:32:10 · 6 answers · asked by mbmare5 2

2006-07-07 17:20:02 · 2 answers · asked by john e 1

I have 3 children, 2 of them have been diagnosed with mild to severe allergies along with myself and my husband. We live in a house that was built in early 70's. The carpeting is very old, and contributing to the children's allergies. I am trying to find out if replacing the carpeting would qualify as a capital expense for tax purposes. Do I need any special paperwork from MD?

Thanks for information.

2006-07-07 16:08:50 · 7 answers · asked by hmbrown97 1

When you sell a used item, is it like when you sell something at a garage sale? When is it best to report the income?

2006-07-07 16:08:49 · 5 answers · asked by Shay 2

How do you calculate the federal self employment taxes ?

2006-07-07 12:12:03 · 2 answers · asked by pooh bear 4

What are tax implications of winning money through online gambling, is it illegal to deposit it intomy bank account/

2006-07-07 11:54:58 · 6 answers · asked by cmjz1313 2

if you switch the e and the a in taxes it would be Texas.........

2006-07-07 08:59:15 · 4 answers · asked by Anonymous

2006-07-07 08:07:58 · 6 answers · asked by ppigworm 2

2006-07-07 07:22:03 · 3 answers · asked by MikeLee 2

I originally sent in payments for 2005 tax return on April 15. I noticed I made a mistake and I sent in an amended return. Now state of NJ owes me refund. The payment I made on April 15, can I get that money back now? or is that money that gets credited toward 2006 tax return since it was made in 2006.

2006-07-07 07:15:06 · 2 answers · asked by Bloo 2

Won´t they be like a minimum of 27 % and depend on the rest of your income?
If you make 40.000 a year and win 1.000.000 - how much do you get to keep?

2006-07-07 06:46:57 · 10 answers · asked by sidulrike 4

Dad died in 3/95, Mom in 3/06. Need to do final iRS. How best to determin FMV at time of Dad"s death?

2006-07-07 06:15:26 · 8 answers · asked by David F 1

More specifically, for tax purposes...

2006-07-07 04:34:25 · 1 answers · asked by plancks.constant 3

2006-07-07 03:37:50 · 2 answers · asked by bosleymisty42 1

I've already looked on the internet under everything I can think of, but can't find it. Our cash registers at our store figures it in automatically, but we won't have a cash register outside with us.

2006-07-07 00:33:53 · 3 answers · asked by cinderiddle 1

2006-07-06 16:11:50 · 13 answers · asked by redrosepetal 4

2006-07-06 15:06:46 · 3 answers · asked by Anonymous

2006-07-06 14:52:31 · 12 answers · asked by Anonymous

I recently purchased a home through a Bank Loan. Will the interest paid on the loan this year be tax deductible?

2006-07-06 14:35:17 · 6 answers · asked by sukcorb 2

Both of our last 2 presidents, George Bush Sr. and Bill Clinton, advocated increases in income tax rates for upper middle class income taxpayers. Both justified the tax hikes by claiming they would lead to lower interest rates. How can an increase in taxes lead to lower interest rates?

2006-07-06 13:49:34 · 2 answers · asked by iamstidi 1