| Tax Accounting |
| Are there any banks or building societies that give mortgages without audited accounts or tax returns? |
try a self-cert mortgage, they need no proof of income at all, they are especially tailored for the self employed ... |
| Does the IRS tax your bank account? |
You do not pay taxes on the money in a bank account, just on what you earn. However, most institutions do not issue a 1099 unless the amount is $10 or more. No big deal, really ... |
| Direct deposit of Ontario Tax refund into my son's account? |
You have to give him "Power of Attorney" rights over your refund. If you do this there will be no problems in getting the funds transfered in the future. ... |
| How do I account for a state tax refund from a previous year? |
It depends. Did you previously itemize deductions and include on schedule A a deduction for state taxes?
If so, you will have to bascially recognize the refund as income in the year you receive... |
| Help with accounting statements/balance sheet? |
You are right. The balance sheet doesn't balance.
Here's the balance sheet:
Cash 10,000
Common stock 30,000
Accounts receivable 11,000
Supplies 2,500
Current Assets53,500
... |
| Individual stock account vs IRA and Roth IRA (tax rates).? |
You don't get the privilege of paying taxes on a stock gain until you sell the stock, and when you do, your tax will depend on your tax bracket.
Technically speaking, capital gains are the ... |
| How can I cash my income tax check without having a bank account? |
Yes. Just take 2 forms of identification with you and perhaps a power bill or telephone bill to prove your address. ... |
| Do heirs in Texas have to pay tax on sale of home put into an account using a tax ID #.? |
If any tax is due, the estate would pay out of the proceeds before the heirs received anything. I don't know why the proceeds would have to go to a bank account. You should probably consult ... |
| Whats a pre-tax return saving account? |
I think you are confusing a savings accounts with a health savings account. Either that or you are thinking of a retirement account, such as an IRA, a Roth IRA, or some kind of 401K plan. I have at... |
| I have an old employer 401K account that is made up of after-tax contributions. What are tax implications? |
This is a retirement account with a basis, your after-tax contributions.
When you roll this into an IRA, do not combine it with your existing IRA. Roll it into a separate account. File For... |
| In the UK, can I get my friend to transfer 5000 pounds from my friends account to my account, what are tax law |
Nothing to pay unless he dies within 7 years. A gift is a gift. What he does with his money is his business. ... |
| I contracted as a limited company in the UK, now I have to file a personal tax return - help!!? |
Hi,
The tax year in the uk runs from the 6th April to the 5th April the year after.
Therefore, for your 06-07 return, you will only be required to declare your earnings from when you started in... |
| Tax Shelther a Short Term Mutual Fund account? |
You are correct. Dividends are taxed whether they are reinvested or withdrawn.
A municipal bond fund pays dividends that are exempt from Federal tax and MAY be exempt from state tax depending a... |
| What is 'in-hand' salary? is tax payable already accounted for?? |
In hand is like take home after all the taxes and insurances and medicare ete, etc, etc....on and on are taken out. It is what you have to live on. ... |
| Income Tax calculation on DMAT account? |
I am not sure about the formula of Tax calculation, but I found www.taxworry.com link to calculate the same. It will calculate the tax as per your Age, Sex and Total Income [capital gain]
checko... |
| How does a pan work? if it is coted on transaction how it helps in tax reduction if it is a student account? |
Pan card is just a identity card for a tax payer or investor.
it has nothing do with tax reduction. and it is not restricted to students alone.
how would a student get more than rs 50,000 at one ... |
| To open a business ; tax number, checking account, invoices,cards,assume name and? |
I believe they want to know what else they need.
may need to check state tax laws. depending on what your opening you may have to get certified for certain things.
try checking with a local... |
| How long will it take for me to get my tax return direct deposit in my account? |
Here is the IRS direct deposit schedule, and as you can see, you are suppose to get your refund on March 2nd.
... |
| If my company offers flexible spending accounts, would my child care be tax free? |
You and your spouse can exclude a total of $5,000 (that's the both of you, not each of you) from your wages for eligible dependent care expenses. The amount you exclude from your wages reduce... |
| I need help ca fran. tax board just froze my account? |
It's very possible that they sent you a notice, but it never got to you for one reason or another. Unfortunately they can freeze your account if they don't get any response from you, even... |
| How long is it necessary to keep quarterly/year-end statements from tax-deferred retirement accounts? |
Keep quarterly statements from retirement plans until you received your annual summary. Once you've compared the information, you can toss the quarterly statements. If you make nondeductible I... |
| Do I have to pay tax on the original cash I deposit into a stock trading account? |
It is assumed that the $1000 you initially used to open the account was taxed prior to coming into your possesion. That being said you moving the same $1000 back and forth is not a taxable transact... |
| How does the "Property Tax Credit" apply to people with escrow accounts in the state of Michigan? |
Get a copy of the bill from the tax district. Although tax collectors routinely send property tax bills only to the mortgage lender they will send you a copy upon request. Most can flag your reco... |
| Can a collection agency garnish my tax return money? |
i think they can only do that if its some kind of federal loan... like a student loan or something like that... but, after you file your taxes these collectors will call you more, because somehow w... |
| If my partner moves in will tax credits take into account that he pays maintenance to his ex? |
Have a look on here and see if it does, it`s a long time since i claimed it but i`m sure they will allow for the amount he pays out, how unfair would that be for you to lose out.
... |
| Which one shall I choose? Top accounting firm or mid-size firm? |
Dont you think it looks better in the future when you have a top 20 accounting firm in your resume? ... |
| Tax deductible IRA? |
no you make to much -- check intp a roth ira -- it will not help for taxes but it will be nice when you retire!!! ... |
| How long does it take to cash a tax return/refund check in my bank account? |
the same as your payroll check they have no concern about it clearing their concern is that it is post to your account.
Note, I agree with number two how ever I did deposit a $74,000 US governme... |
| Tax implecations when transferring shares to/from friends DMAT account? |
Your method is not correct and leads to complications. Do not apply for 1 lakh in any IPO in one single application. The name of the applicant who have applied for 1 lakh or more in a single applic... |
| What is the percentage of tax and penalty on a health savings account? |
Any distributons used for any purpose other than qualified medical expenses is included in your gross income for the year and is taxed as ordinary income. Therefore the tax depends upon your margi... |
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