United States - December 2006

2006-12-22 16:13:52 · 4 answers · asked by thankful 1

Hey all!

one quickie for you guys....
I've just moved to the US in october and transferred my savings (under 10k) from my foreign bank to an account in the us. I will start my job and having an income in the US in jan 2007. My question is, do I have to file any tax returns or other stuff in april 2007 regarding my savings transfer from bank to bank this year?

Thanks, happy holidays!!!!

2006-12-22 14:47:48 · 7 answers · asked by Anonymous

I am currently a student in USA, and I have been offered property in cape town (for free) Should I GO? I will have to put my degree on hold for this.

2006-12-22 14:38:16 · 7 answers · asked by metamorph 1

2006-12-22 14:24:57 · 10 answers · asked by Anonymous

please give me an example

2006-12-22 14:15:58 · 9 answers · asked by Anonymous

please give me an example

2006-12-22 14:15:55 · 3 answers · asked by Anonymous

2006-12-22 14:06:09 · 6 answers · asked by Zelinka H 1

I had a conversation today with a guy who stated because he was 70 years old that he did not have to pay taxes on capital gain, is this true?

2006-12-22 13:47:47 · 4 answers · asked by GODIS 2

Car bought in February 2006 for 40K and sold in November 2006 for 38K. ~3.3K tax was paid when purchased.

2006-12-22 12:48:21 · 3 answers · asked by metnahel1 1

I have an employer who has said they "cut the check" for my business. I know I won't receive this until after January 1st as they have left town and won't be back until then. I am sure i will be 1099'd for this in 2006 - do I count this as 2006 income or 2007 when I receive it? Thanks!

2006-12-22 12:21:26 · 7 answers · asked by Maureen S 1

I was divorced earlier this year. My husband and I filed our 2005 tax return jointly so I filed an injury to spouse allocation form to recieve my portion of the tax return. ...so I thought (as did my CPA). When my refund never came, I called the IRS and they said that an injury to spouse form only prevents you from being responsible for any of your spouse's debt. They informed me that they could not split up the tax return and that they had sent the entire refund check to my ex's address. My ex, of course, said that I wouldn't see a penny of the money. My question is...do both parties have to sign the tax return check for it to be deposited? And if so...is it possible that he forged my name and what should I do if that is the case?

2006-12-22 12:03:41 · 6 answers · asked by Jennifer J 1

I am in TX and own First Lady's Management Group. I am a Chrisitan and run my business on Christian principles, honesty & integrity. Would you allow me to provide services to you?

2006-12-22 11:40:05 · 4 answers · asked by The Boltons 2

I work a lot of overtime, sometimes 20 hours OT a week. My question:
Is there a tax difference between straight salary income and income from OT if the total gross pays of the two are same amount?
Hope a tax expert will answer this question. Thanks guys!

2006-12-22 11:26:30 · 9 answers · asked by Anonymous

2006-12-22 11:25:02 · 7 answers · asked by sunkim320 1

For the most simple of tax returns, what is the basic percentage of pre-tax income that will be owed the gov't come tax time? Is there such a thing? I know it's not exact, not a sliding scale but is there a basic breakdown in how much you make vs. how much you will owe?

2006-12-22 10:26:54 · 3 answers · asked by Matthew W 1

His employer takes out PA taxes but not Ohio. won't he still owe Ohio?

2006-12-22 09:09:09 · 11 answers · asked by Angel 2

i have 4 different banks andi wanted to know if it will increase my tax payment

2006-12-22 09:06:31 · 4 answers · asked by amespinozajr 2

My father recently passed away. He had a living trust (not a will). Left his estate/money to my mother who wants to disburse it now to surviving children.

In California, how much of this (living trust) money can we receive before we get taxed on it? In other words, could we receive, say, $20,000 and not be taxed?

2006-12-22 09:04:59 · 4 answers · asked by libertino85 2

2006-12-22 08:40:53 · 8 answers · asked by mila2002star 1

2006-12-22 08:15:12 · 6 answers · asked by vvnmontoya 1

2006-12-22 08:10:32 · 2 answers · asked by Mr. McClean 3

I am EU citizen, now living and working in the US on H1 visa.
I am planning to buy a condo apartment in the US taking a mortgage.
If in a couple of years I might move back to Europe and I might decide to rent the apartment.
This can be the scenario in two years:
My revenues in the US will be only the rent ($20,000 per year) and financial revenues from CD and savings accounts ($5,000 per year). Total $25,000
My property taxes will be $3600 per year, my mortgage interests will be $12,000 per year and I will have additional $3,300 manteinance costs per year.
I am EU citizen and I will live and work and in Europe at that time.
How much taxes will I have to pay per year in the US?

2006-12-22 07:48:17 · 1 answers · asked by Jericho W 1

I understand there is a new law that will allow you to transfer a 401k to a Roth IRA in 2008. Can you also transfer a 403b? Are there any tax consequences the year you make the transfer?

2006-12-22 07:19:48 · 2 answers · asked by Robert J 1

I am a Loan Officer and also just got my AZ Real estate lic in November. I will have about 7000 in taxes due for my income as a loan officer. I wanted to purchase a larger vehicle since I am now a real estate agent.

How can I purchase a vehicle this year and use it as a tax deduction for a business vehicle. Can I only write of mileage? Or can i write off so much of the vehicle over a set amount of time? I have two friends, one who builds homes, and he buys a new truck every 2 years to write it off for taxes. The other has a corporation and does the same thing.

Can I purchase a used vehicle? or does it have to be a new vehicle to write it off?

Can I write of the purchase of the vehicle? or only the miles in my case?

2006-12-22 06:36:48 · 4 answers · asked by timbug330 1

Is there a different tax rate for bonuses? If so, how do I find out what it is? Why does the employer have to consider is a "bonus" rather than just cutting another payroll check?

2006-12-22 04:44:57 · 12 answers · asked by Anonymous

I've been married for over a year but my paycheck says single, have they been taking too much money out for taxes and is there a way to get that money back?

2006-12-22 04:12:43 · 15 answers · asked by john m 1

2006-12-22 03:42:30 · 14 answers · asked by Gray M 1

2006-12-22 03:29:38 · 15 answers · asked by redslippers 4

What is the best way to do this (do I give the employees a check made out to "cash"") How do I still get a tax deduction for this. How do most small businesses do this?

2006-12-22 03:25:37 · 6 answers · asked by M 2

2006-12-22 03:24:47 · 13 answers · asked by we7ing 1