What is the name of your state? AZ I used a income tax tool on the IRS website to get an idea of my income tax bill this year. This is the first year I have owned a home, so I have never been able to deduct mortgage interest before. After using the tool it says my income tax for this year will......
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$10,000. giftWed, 10 Oct 2001 18:46:00 GMTMy mother just recently entered a nursing home. She is paying the cost of her care out of her own pocket. Every year she gives each child $10,000. as a Christmas gift. Is she still legally able to do this even though she is now in a nursing home? Thanks for any help....
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$14,500 Income Exclusion for Disability GA StateSun, 22 May 2005 09:54:00 GMTWhat is the name of your state? GA. Does anyone know exactly how to claim the $14,500 income exclusion on the GA Income Tax Return. State instructions are very vague but to my understanding, since I was totally and permanently disabled for the entire year, I can deduct up to $14,500 of my......
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$2300 made my my INC for 2004 did i need to file?Mon, 15 Aug 2005 16:15:00 GMTFlorida... Hi all, i had my own corporation last year and made a grand wopping total of about 2300 on the 10-99 my client sent me.. I havent filed anything for 04, yes i know im a slacker.. is there anything that needs to be filed? i know if u make under a certain amount that you dont need to......
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$24k gift from parents, 1 check ok?Tue, 04 Nov 2008 17:20:00 GMTWhat is the name of your state (only U.S. law)? Pennsylvania Hey all, my mother gave me a check for $24,000 this year to max out the maximum annual gift exemption for 2008 for her and my Dad (since each is allowed to give 12k). I went ahead and deposited it, but today it just struck me that......
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$500,000 ExemptionTue, 22 Mar 2005 12:09:00 GMTWhat is the name of your state?What is the name of your state? California My husband and I were married in October 2004. I purchased my home in February 2000 and he purchased his in January 2002. We started dating in August 2002 and lived in my residence soon after. For the years 2002 and 2003,......
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$6.5k credit to 2nd home buyersTue, 01 Dec 2009 14:07:00 GMTWhat is the name of your state (only U.S. law)? fl I heard about this tax credit of $6.5k for current homeowners who would buy another home, and make that home their primary residence. Does it matter how cheap the 2nd home is? According to some heresay, this is only for "high end"......
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$60,000 for the Crossville Architect ?!Sat, 18 Dec 2004 01:00:00 GMT$60,000 for the Crossville Architect ?! The revelation has just come out that the USCF has signed a contract to pay $60,000 to an architect in Crossville to design a new building the USCF is supposed to be building there. I cannot believe this! We have always been told by the Hanke Gang that we......
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$670,000 windfall - ordinary income?Wed, 09 Mar 2005 05:46:00 GMTAlabama My wife's company is merging with another company, (UDI and BAE). Under the terms of the merger, all of her stock options will vest and immediately exercise for cash at $75 per share. Our heartfelt prayer is that there might be some theory that will allow us to escape ordinary taxation......
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$800 gov't refundTue, 22 Jan 2008 21:58:00 GMTWhat are the requirements for a couple to potentially receive this refund? must beneficiaries write/call the IRS to sign up a list, etc? thanks...
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'07 Realtor office fees paid in '08Fri, 07 Mar 2008 15:20:00 GMTWhat is the name of your state? California I'm a new Realtor. My office bills me for desk fees, DSL fees, MLS fees, etc. This year ('08) I'm paying fees that were billed to me in '07. Which tax year do they go on, '07 because that's the bill date or '08 because that's the payment date? Thanks....
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'07 write offs in '08?Thu, 17 Jan 2008 10:45:00 GMTWhat is the name of your state? Upstate New York My finance' and I started forming a business in October of '07 which is solely going in her name, we did conduct some business. The NYS DMV came in and found us to not be compliant as we were not registered to do business as a retail repair shop......
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'94 GA state tax DELINQUENCY?Wed, 22 Feb 2006 05:24:00 GMTWhat is the name of your state? Indiana now since 1996, Georgia before that. Since mid January '06, I have been getting calls from the "WEST ASSET MANAGEMENT" Group, telling me I owe them $382.00 for unfiled 1994 Georgia State taxes. I immediately faxed them a copy of my '94 taxes,......
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'99 PLUS '00Tue, 03 Apr 2001 17:12:00 GMTThe only income my wife and I had in 1999 was less than $5,000 from her part time job. We did not file w/IRS for 1999. Last year (2000) we made taxable income of just under $50,000 and after withholding, we owe taxes of $600 Question: Can we now file 1999 AND 2000 to reduce our tax libility......
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'Assistant road manager' paid cashThu, 20 Jan 2005 21:22:00 GMTWhat is the name of your state? NY My unmarried friend w/no dependants gets paid cash for going on tour with an entertainer/friend. He said that he did not receive a W-2 or a Form 1099 so how can he file his taxes? Is he considered an 'independent contractor'?What expenses can he deduct that are......
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'cancellation of debt' capital gains ?Tue, 26 Feb 2002 12:15:00 GMTA year and a half ago I had to let go of my house, I had moved to another state for a new job. The house was on the market for 8 months prior to my letting it go and would not sell, heck, we couldn't even get it rented, despite putting in quite a bit of money to do some 'upgrades' to it. The......
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'Tax Statement' ...?Sat, 16 Dec 2000 20:46:00 GMTI have been approached by a group who claims that you can files a "Tax Statement" instead of a 1040 and that you don't don't have to pay federal income taxes. Has anyone heard of this. Here's their Web site. http://www.taxstatement.cc/statement.asp I personally this it's just another......
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'Trading' real estate beyond 1031 180 ruleSun, 27 Feb 2005 17:37:00 GMTWhat is the name of your state?What is the name of your state? AL >Situation: currently own a townhouse (a PUD, not a condo) in a beachfront complex in Alabama. Ivan did a number on it. It is 23 yrs old and many are left with a tough choice. Developers are making proposals to 'trade' for a......
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"Bush praised Slovakia's tax-reform efforts during a trip there last month"Tue, 10 May 2005 18:11:00 GMThttp://www.csmonitor.com/2005/0308/p01s03-woeu.html (Andreas Tzortzis | Correspondent of The Christian Science Monitor) " . Last January, Slovakia became the sixth Eastern European country to adopt a flat tax, which means all income-earners pay the same rate. Since then, Romania and Georgia......
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"Fee" vs. "Tax"Thu, 02 Sep 2004 19:11:00 GMTWhat is the name of your state?State of Washington RCW 47.68, authorizes the Washington Deaprtment of Transportation to collect a $15.00 dollar annual "fee" from every resident of the State of Washington who is a licensed pilot. It further allows them to impose this fee on anyone who......
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"Freezing" property tax for disabled?Mon, 08 Aug 2005 10:11:00 GMTWhat is the name of your state? New York (Long Island) An aquaintence is disabled and is in a program that has his home property taxes frozen at the rate they were when he first became disabled. He lives in Queens, NY, but said it was a Federal Program and should apply everywhere. I, too, am......
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"informally" hired relative, claim deduction?Wed, 04 Feb 2009 20:24:00 GMTWhat is the name of your state (only U.S. law)? Florida Brother-in-law and sister "hired" my mother to take care of my niece. They never filled any paperwork or paid her taxes. They only wrote "baby sitting" on the checks they gave her. When we moved to a new apartment, we......
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"light-weight" non-profit status?Mon, 28 Mar 2005 08:55:00 GMTWhat is the name of your state? MA I want to start a small non-profit venture which would make money by selling a sticker. The income from sticker sales, over the cost of producing the sticker, would be donated to a 501(c)3 non-profit (through MissionFish and eBay partner). Is there anyway to......
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"Move-In Special" check taxed?Sat, 02 Feb 2008 15:09:00 GMTI live in Kentucky In early 2007, I signed a one year lease for my apartment. As an incentive for doing so, I received a "Move-In Special" check in the amount of $1800. Several days ago I received a 1099-MISC form from the rental company. On the 1099-MISC this $1800 is listed in box 7......
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"Out of thin air": The global banking cartel is outed!Thu, 28 Jul 2005 20:32:00 GMTUSA banks are next on the hit list. It's about time! ================================================== = April 19, 2005 Canada: Class Action Accuses Banks of Illegal Creation of Money John Ruiz Dempsey, criminologist and forensic litigation specialist filed a class action suit on behalf of the......
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"pulled for review"?Wed, 09 Mar 2005 16:54:00 GMTWhat is the name of your state? Texas I am actually hoping to get Snipes' response on this one, he seems to help out and is very knowledgeable (wow, did I even spell that right?) I electronically filed my return on Jan 31st and it was accepted Feb 1st (Federal return) I am a sinlge mom with......
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"Statute of Limitation"Thu, 01 Feb 2001 18:53:00 GMTIs the statute of limitation on all taxes 10 years? More specifically is it ten years for an employer that did not pay some employee witholding taxes? Can a personal bankruptcy have any effect on those taxes? Is a Offer in Compromise a viable solution for this situation and if so how do......
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"Taxable Service Charge" - is this a scam?Tue, 24 Jul 2001 23:21:00 GMTHello! I'm hosting a function at a catering facility in New Hampshire, and on top of the dinner costs, we are to also add the normal 8% meal tax plus 17% TAXABLE service charge. Seems to me that we shouldn't have to pay taxes on a tip. Is this legal or should I try to bargain this out of the......
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"Unified" credit for taxable giftsWed, 14 Dec 2005 11:51:00 GMTWhat is the name of your state? MASS Under the "unified" credit for taxable gifts, can a person make a gift of up to $1 million all at once and still qualify for exemption. Though he would have used up his $1 million gift tax exemption credit....
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"We have a spending problem"Sun, 15 May 2005 07:05:00 GMThttp://www.atr.org/ Quote of the Week - "No one has ever raised taxes and solved the problem, nor will we solve the problem. We don't have a revenue problem; we have a spending problem."-Governor Arnold Schwarzenegger...
What are the requirements for a couple to potentially receive this refund? must beneficiaries write/call the IRS to sign up a list, etc? thanks...
What is the name of your state? Indiana now since 1996, Georgia before that. Since mid January '06, I have been getting calls from the "WEST ASSET MANAGEMENT" Group, telling me I owe them $382.00 for unfiled 1994 Georgia State taxes. I immediately faxed them a copy of my '94 taxes,......
My mother just recently entered a nursing home. She is paying the cost of her care out of her own pocket. Every year she gives each child $10,000. as a Christmas gift. Is she still legally able to do this even though she is now in a nursing home? Thanks for any help....
What is the name of your state?State of Washington RCW 47.68, authorizes the Washington Deaprtment of Transportation to collect a $15.00 dollar annual "fee" from every resident of the State of Washington who is a licensed pilot. It further allows them to impose this fee on anyone who......
The only income my wife and I had in 1999 was less than $5,000 from her part time job. We did not file w/IRS for 1999. Last year (2000) we made taxable income of just under $50,000 and after withholding, we owe taxes of $600 Question: Can we now file 1999 AND 2000 to reduce our tax libility......
Hello! I'm hosting a function at a catering facility in New Hampshire, and on top of the dinner costs, we are to also add the normal 8% meal tax plus 17% TAXABLE service charge. Seems to me that we shouldn't have to pay taxes on a tip. Is this legal or should I try to bargain this out of the......
What is the name of your state? GA. Does anyone know exactly how to claim the $14,500 income exclusion on the GA Income Tax Return. State instructions are very vague but to my understanding, since I was totally and permanently disabled for the entire year, I can deduct up to $14,500 of my......
Alabama My wife's company is merging with another company, (UDI and BAE). Under the terms of the merger, all of her stock options will vest and immediately exercise for cash at $75 per share. Our heartfelt prayer is that there might be some theory that will allow us to escape ordinary taxation......
What is the name of your state? MASS Under the "unified" credit for taxable gifts, can a person make a gift of up to $1 million all at once and still qualify for exemption. Though he would have used up his $1 million gift tax exemption credit....
USA banks are next on the hit list. It's about time! ================================================== = April 19, 2005 Canada: Class Action Accuses Banks of Illegal Creation of Money John Ruiz Dempsey, criminologist and forensic litigation specialist filed a class action suit on behalf of the......