| Tax Accounting |
| Tax questions? |
It doesn't matter what state the husband and wife live in, you are still eligible to file as married filing jointly. You MUST file if you meet certain income thresholds. ... |
| Is there any tax implication for an overdrawn shareholder loan account? |
I don't know what you mean by overdrawn shareholder loan. A corporation has loaned money to a shareholder - how could that loan be overdrawn? Wouldn't the corporation have to actually le... |
| Tax Levy and disability.... Can they take my money and car? |
An IRS Tax Levy is a legal seizure of assets taken in order to satisfy a tax debt. An IRS Tax Levy can be attached to any property, including real estate and automobiles, but is most frequently app... |
| How dumb do you have to be to believe Hillary Clinton and John Edwards Tax Hikes Won鈥檛 Fix Social Security? |
All i can say is something needs to be done to pay back the money that was "borrowed" from SS. The baby boomers are retiring ... |
| I am opening a DE MAT account , what i want to ask is do i need to pay tax if i get profit on my shares..? |
You have to pay tax if you earn money from shares. The earnings from shares are of two types:
1. Selling shares after 12 months of purchase. This gains are called Long Term Capital gains. There ... |
| How much money can you have in a paypal account before you have to pay tax on it? |
Unlimited. Merely putting money in a PayPal account does not trigger a taxable event, in and of itself. It's nothing more than a specialized bank account. Putting money in the bank doesn�... |
| What are the tax rates for a CD (Certificate of Deposit) versus tax on interest gained on a savings account? |
tax rates are the same. The interest rate you get depends on the bank that is holding your money. Some pay a lot more than others. It also depends on the length of the CD.... I know that PayPal, wh... |
| I opened an IRA account for 2006 ($4,000). Can I also open an annuity for the same tax year? |
You can't open another annuity where your contribution is tax deductible. You could buy an after-tax annuity, but that will give you tax deferral only and would not reduce your taxable income... |
| What r my chances against my tax preparer? |
GO TO THE POLICE: his actions may be considered fraudulent in giving your money to someone else, the receiver of your money may also be liable for accepting embezzled funds or 'theft by findin... |
| When does the child tax credit get deposited into someones bank account in on. Canada? |
We get ours on the 20th. Check with the Revenue agency and/or your bank. ... |
| How to record the tax related transactions in the book of accounts? explain with examples? |
hi josejen, this is a wonderful question that need deep knowledge in tax and accounting. First u need to know that there are 2 kinds of accounting one cash system and other accruel system. In cash ... |
| I would love to work in one of the Big Four chartered accounting firms. What does it take? |
The Big 4 help you earn your CPA. Basically, they sometimes pay or reimburse you for taking the CPA exam; they want you to take it. Also, they provide experience makes you confident about your ac... |
| What does my bank statement have "TFN withholding tax"? |
Yes you need to give the bank your Tax File Number or they will withhold tax from your interest at the highest "marginal" tax rate (plus medicare). The purpose of the TFN withholding is t... |
| Say someone gives me $90k in cash and I put it in my checking account. How much and for how long do i pay tax |
It depends on why you receive the $90K. Is it a gift? Then its tax free to you, any tax liability would be on the gift giver (although they have a million dollar exemption themselves). Was it a ... |
| Is it true that the IRS only dispurses the Tax Refunds on Fridays?? |
They actually release the ACH transactions for direct deposit on Thursday evenings. How long it takes to make it to your bank account depends entirely upon your bank and how they process ACH trans... |
| Can any body tell me the advantages of having PAN (Permanent Account Number) and what is Income Tax Return? |
Filing IT returns is the duty of every citizen earning an income, either by salary, business, stocks or other investments etc
When you file your returns, you are basically declaring to the gover... |
| How will the tax man (inland revenue) find out about extras from rent earned on rooms in my house? |
A tax audit would expose it. But a tax audit would only be called if someone renting from you claimed the rent AND had an audit (large or small) and they pointed at you.
Remember, though....if ... |
| I have a loss in an IRA account. Can I sell, and take the $3000 annual deduction on my tax return? |
No, you can't take the loss now or later - that's the price you pay for the ability to defer taxes on IRA appreciation. But you can sell a fund that you hold in an IRA as long as the mon... |
| How would I go about finding a Tax ID number for a vendor? |
If I'm understanding your question, you're a customer who wants to levy a vendor's bank account? See an attorney. Tax ID's are pivate matters. Very few businesses voluntary g... |
| What the purpose of a tax identification number when open a saving account at a federal credit union? |
The government wants to track you for one. And if the bank ends up paying you over a certain amount of interest for that year... they have to report it to the IRS as taxable income. ... |
| I got my tax return and spent it. Then found a mistake. The IRS website didn't help with my questions.? |
That happened to us last year and we already had our refund direct deposited and almost all spent when we received an additonal W2 in the mail from the same employer too...some glitch in their syst... |
| Child under 14 (kiddie tax) - can the parent choose not to claim child as dependent? |
You would have to take the personal exemption on your return and tax his income above the $1,700 at your rate. Even if you don't claim him as an exemption he may not claim himself because you ... |
| Tax Question??? |
Yes, if it's a previous filed year. Check with a professional tax consultant as to which forms to use. ... |
| Non-profit organization, lost tax exemption form, how to obtain replacement? |
Call the IRS Tax Exempt Goverment Enities (TEGE) at 1-877-829-5500. They can provide you with the information and copies of the form. ... |
| Capital Gains Tax on IRA gains? |
I read the answers and saw that some people said yes, others said no. And both are kind of true. The way it works is this...
You put 3k in - it grows to 4k - you can take 3k out with no tax or p... |
| Federal Tax minimum? |
Since you are self employed, you must file your taxes if your income is over 400. You will not owe income tax if your income is under 8450 but you may still owe self-employment taxes. The 8450 is... |
| Pennsylvania Single Owner LLC Simple Tax Questions? |
The IRS doesn't look at the LLC.
If all you did was file an LLC in PA and didn't incorporate or elect to be an S-corp, then as a single owner, you would file a schedule C. There is a ... |
| Should I credit sales tax on uncollectible receivables? |
In my state, California, the tax is the tax rate times the amount collected so TR times zero = zero. ... |
| Tax Question -- Receiving occasionall support from loved ones? |
Actually the limit is $12,000 now. Yes, you do need to account for it but only if you are ever audited. Hopefully your boyfriend has corresponding withdrawals from his bank account. That would b... |
| WHAT'S tax fillling? |
You have to report any money you earn to the IRS on form 1040. There are deductions, so unless you made more than that, you would have to pay no taxes. Go to IRS.GOV and look up form 1040EZ. ... |
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