| Tax Accounting |
| If I transfer the total anticipated '07 tax $$ owed into an exsisting IRA account by the end of the year...... |
No. You'd only get an AGI adjustment for the amount of the funds contributed to the IRA. That assumes of course that it is a traditional IRA. You get no adjustment if it's a Roth IRA.
... |
| Tax credit for CPA prep course? |
If the CPA prep is not part of your curriculum at university you are not able to deduct it. It is considered a personal expense because you are trying to gain entry into a new field. ... |
| I have a tax question? |
If this was purchased as a personal investment or for personal use, it is a capital gain and goes on Schedule D.
If you are running a business (such as a used car dealership), it goes on Schedul... |
| Someone familiar with taxes, just how much of a tax cut can the rich get? |
In general, the rich pay more in taxes than those who do not earn much as a result of the graduated tax rates where the more you earn, the more you pay. That being said, there are ways to reduce t... |
| Does state and federal tax refund get combined whe deposited in my bank account? |
No. ... |
| How much money can you have in a bank account before you start paying tax on it at end of year? |
You pay income tax on the gains. T5 Slip is issued if the account earns more than $50 in the previous tax year. ... |
| What are the tax responsibilities of a Swiss Bank Account? |
In addition to reporting the income from the account on your US federal income tax return, you must report the account to the US Treasury on form 90-22.1 by June 30 of the following year.
No rep... |
| How is the tax compueted on child's bank account in korea? |
It's classified as foreign income. Calculate the exchange rate at the time the money is avialable for your use.
For example: Your account is credited 50 (in foreign currency) on 08/15/2006. ... |
| If one is contributing after-tax dollars to a roth ira, do they need to fill out any form with their taxes? |
The form that has to be filled out is for non-deductible contributions to a traditional IRA, not a Roth. ... |
| Can I roll earnings from the stock market into a 529 account without paying an earnings tax? |
No. The usual way to decrease stock market gains is to take any losses on your other stocks before 12/31. Then you are allowed to buy the same stocks back after waiting 30 days. This is called t... |
| Best way to become a tax attorney? |
Tough call. It will depend on whether the law schools' admissions committees are insightful or not--and that might differ depending on where you apply.
I'm going to guess that in most... |
| Is there any way I could work as a tax lawyer but not work for a big business/corporation? |
I heard a lot of this kind of transactional stuff is being outsourced to India....you could set up yourself as an expert on the net, and then funnel the routine stuff to Indian partners, and do the... |
| Accounting Career? |
Hi,
Here's something a little different for you. It's a real life job experience from a person who worked in a Big 4 accounting firm. It basically tells about this person's like... |
| Illegal Accounting Practices? |
The site below has an IRS list of tax avoidance schemes (what I believe you're referring to as illegal accounting practices)
My favorite is buying medical equipment at inflated prices on th... |
| Will you be liable tax for for receiving a company check with your name on it? |
What you do with the check after you get it has no effect on what taxes you owe. ... |
| Is there any way to work as a "tax lawyer" but not work for a corporation? |
Open your own business and become an all-around tax specialist. You can do individual tax returns during the peak season and make a ton of money with your accounting knowledge. The rest of the year... |
| What's a realistic number of Tax Returns I can handle during a typical busy season? |
I have worked in the tax return field for 5 years and have grown knowledge-wise over those years. One thing that I have learned is that you have to treat each and every return as if it were you own... |
| How do i cash a series ee bonds with the intention of acquiring a retirement account with it without being tax |
You don't. The interest you made will be taxed. ... |
| Wat license is needed for tax? |
You can become an Enrolled Agent. Pass a three part test and you can practice in front of the IRS. ... |
| If someone transfers 1 crore rupees from a bank in california to my bank account in punjab how much tax i have |
There will not be any tax , if its from your relatives.Anyway, Gift Tax in India is abolished and anything received under a will ia also EXEMPT from income tax. Go get it ! ... |
| A tax question for anyone who is in law? |
Basically, you're right. Go and check the story of Ed and Elaine Brown. They tried to challenge the federal government on this and were not allowed to raise the question in court. ... |
| Public accounting in Atlanta? |
Try AJCjobs,CareerBuilder,Monster,or a hiring firm in ATL. ... |
| I have started working as a nanny. My pay is directly debited into my account. How do I declare tax on this? |
If your getting a nanny's salary don't waste your time filling taxes!! ... |
| What is meant by transfer pricing tax strategy? |
This is an international tax issue. It comes into play when a factory in one country produces a product that will then be used in producing a final product made in another country. (i.e. The prod... |
| After i got my tax return and whent to a bank to cash it, it had the treasurer signiture on it Meaning? |
next time, seek out the bank manager and explain that your are "presenting the check for payment." if the bank refuses to pay it, then the check has bounced. now, get the local DA to se... |
| Why do they call them private contractors when they get paid in tax dollars? |
Very good point.....I hope that Private Citizen America will wake up to this fact sooner or later.
oh, and Babe...as far as those contracts being ended "at will"....who are you trying ... |
| Tax accountant made reporting errors on past returns...? |
Even though you got income tax return prepared by accountant, you are the one who is responsible for taxes, interest and penalty.
Most cases, accountant may pay for penalties, but it varies.
... |
| We inherited an investment account & sold off part - how do we handle that for tax purposes? |
You have a sale of capital assets and will use Schedule D.
The basis of the asset is the market value of the asset when you inherited the asset. All inherited assets are considered long-term ... |
| What sort of entry level accounting positions/duties is reasonable for a new accounting degree graduate? |
Unfortunately you have 2 strikes, no experience and no CPA. When it comes to money companies are reluctant to give you a decent position until you prove your knowledge and trustworthiness. My su... |
| Is there a certain day of the week that tax refunds are deposited into your account? |
Mine was filed on Friday March 2 and my refund was deposited in my account on Friday March 14, exactly two weeks later. ... |
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