United States - August 2006

I want to go on a volunteer program that costs about 3000 dollars. The brochure says it's completely tax deductable, but my parents say that for them, they're in a "higher tax bracket" and it probably wouldnt be deductable. What the "h" does that mean and is it true? Can something be deductable for one person and not for another or is this just their way of saying they dont want me going?

2006-08-26 16:35:16 · 6 answers · asked by Little Red 2

I just earned a few hundred dollars on day trading in my IRA account. I know its risky, but the question is: do I have to pay capital gains tax an any gains I make in my IRA account. I have a ROTH IRA.

2006-08-26 16:08:24 · 7 answers · asked by vrconfused 1

get the money now that I have already accrued? If so how do I go about doing that?

2006-08-26 12:22:01 · 8 answers · asked by ... 3

We are a group of volunteers doing free tax work for the commumity and would like to eliminate a printer for each computer if it is not too costly?

2006-08-26 12:11:53 · 4 answers · asked by John Q 1

My business has not been doing good, so Im behind on the taxes. What would anyone suggest a way to negotite the debt so the penalties dont keep stacking up?

2006-08-26 12:06:05 · 5 answers · asked by rafastella 2

This includes FICA,Federal,State but not city tax.

2006-08-26 05:40:59 · 6 answers · asked by drokk 2

2006-08-26 05:22:52 · 11 answers · asked by b705286 1

A Christian ministry wishes to acquire another Christian ministry. Both are 501(c)(3) organizations. The acquired ministry is to become a division of the acquiring ministry and the Founder of the acquired ministry will be made an employee of that division. Can the Founder of the acquired ministry legally "sell" his ministry to the other, rather than just being acquired by contract and merging it in as a new division? My accountant thinks not, but I'd like a second opinion. If a 501(c)(3) were sold then obviously someone would have to pocket the proceeds. My accountant says that would be a violation of the 501(c)(3) prohibitions on personal inurement. True or no?

2006-08-26 04:35:19 · 4 answers · asked by Frank Vance 1

2006-08-26 04:30:05 · 4 answers · asked by Anonymous

2006-08-25 17:28:29 · 6 answers · asked by Tony Lo 1

My property taxes were just paid by my mortgage company for the summer. It is $1244 higher than last year. Do you think this is correct?

2006-08-25 16:09:05 · 5 answers · asked by pugger_dood 1

what is form 1040A or form 1040EZ about? who can file it? what kind of income will be able to file using that form?

2006-08-25 13:23:09 · 6 answers · asked by wlove 2

Pittsburgh Pa

2006-08-25 12:53:47 · 10 answers · asked by Gravy B 2

I am looking to flip a house and turn a net profit of up to 25000. If my taxable income before adding this short term capital gain is 50000, how do I figure out what percentage of that 25000 will be taxed?

2006-08-25 10:51:39 · 5 answers · asked by jasontx 1

i am trying to get a tax exempt card for purchasing supplies for elderly customers. i am in the residential repair and cleaning bussiness

2006-08-25 05:37:17 · 6 answers · asked by ? 2

???????

2006-08-25 04:41:11 · 5 answers · asked by wendyb204 2

I heard that you can claim 9 dependent on your w-2 so you wont get taxed when you get paid, but you have to pay the IRS at the end of the year, Is that illegal? and how much would i pay at the end of the year ?

2006-08-25 04:22:41 · 22 answers · asked by NYC_GEE 1

My son is divorced with one child. The mother gets to claim the child on her taxes. So, on a W-4 form, does he claim 0 exemptions or 1 exemption for himself?

2006-08-25 02:46:59 · 9 answers · asked by sallysue 2

2006-08-25 02:14:41 · 1 answers · asked by FRED w b 1

friends we know own a rental property in ny and it needs repirs new furnace new bathroom floors and a hot water tank and so on can they get a home improvement tax credit for these repairs or is it a loss on their taxes

2006-08-24 22:40:18 · 3 answers · asked by luann 1

I recently gave my son to the state. He was too bad and adoption was the only answer. Can i put this on my tax return? how much and I looking to get back for this?

2006-08-24 13:19:39 · 6 answers · asked by American Jesus USA USA USA !!!!! 1

If we have people that we have as employees on payroll can we pay them additional wages off payroll and not have them be taxable as long as it remains under the $600 limit?

2006-08-24 12:17:02 · 8 answers · asked by L K1234 1

I heard that there's a way we can get an advance on our next year taxes...is this true?

2006-08-24 10:19:58 · 10 answers · asked by PG 4

2006-08-24 06:03:39 · 4 answers · asked by iamiandme 2

If I decided to sell some commercial property that I've owned for 20 years would I have to pay capital gains tax or just income tax on the proffit?

2006-08-24 05:01:17 · 2 answers · asked by Anonymous

On March 1, 2004, Leo leases and places in service a passenger automobile. The lease will run for five years and the payments are $380 per month. During 2004, he uses his car 80% for business and 20% for personal activities. Assuming the dollar amount from the IRS table is $19, determine Leo’s inclusion amount.
a.$0.
b.$10.
c.$13.
d.$15.
e.$19.

3.On June 30, 2004, Jill, a cash basis taxpayer, gave Tina a bond with a $25,000 face amount that pays $2,500 interest each December 31. When Tina collected the interest on December 31, 2004:
a.Jill must include all of the interest in her gross income.
b.Tina must include all of the interest in her gross income.
c.Jill must report $1,250 interest income, and Tina must report $1,250 interest income.
d.Jill must recognize $1,250 of interest income at the time of the gift.
e.Tina must recognize $25,000 of income at the time of the gift.

2006-08-24 03:46:09 · 3 answers · asked by 123 2

on my pay check stub it says they took post tax out of my check..i don't understand

2006-08-23 16:50:38 · 3 answers · asked by mother1984 1

2006-08-23 14:56:30 · 5 answers · asked by Terry472 1

2006-08-23 13:58:27 · 7 answers · asked by Dilyla V 1

Does anyone know of any good accounting software for churches? Thanks in advance.

2006-08-23 12:56:36 · 3 answers · asked by Hunter351 1