Archive for the "Taxes" Category

26
Sep

We’re getting married (eloping actually, shhh) in the second week in October. will we still be able to file jointly on our taxes?
Answer: for your 2008 taxes you have to marries by midnight, December 31, 2008. IOW, if you get married in 2008 you can file jointly for 2008. (Same thing when your […]

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26
Sep

Many millionaires working on Wall Street got caught with their pants down with bad gambles. They bought and traded loans, etc. to each other sometimes betting 5 to 1 that they would not default. Some did. Now everybody is scrambling because the Bush Administration did not regulate this and no one knows how much is […]

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26
Sep

can a home in PA be sold if it has a lien on it ????
Answer: It can be sold, assuming that it's sold for enough to satisfy the lien. The lien amount will be paid out of the proceeeds the owner would otherwise have gotten.

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26
Sep

In the past I believe the feral regulation was 5K
Answer: Any trasaction involving $10,000.00 or higher in cash, or monetary instruments. A CTR is filed and sent to the gov.
Answer: Do a web search for “suspicious activity report”. They might report cash deposits/transfers as tiny as $2000 if suspicious or repeated. You […]

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26
Sep

My work wants me to come up with a list of questions for a new accountant we are meeting with. Any recommendations?
Answer: Do you’ve clients in this field? Do you know the field? What is your license? Do you take continuing education? If they’re also going to do tax returns […]

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26
Sep

Does it even exist?
Answer: The IRS is continually investigating people. Here in Minneapolis, the IRS recently raided one business and indicted the owner of another.
Unfortunately, the public doesn't care much unless the person being raided, investigated or charged happens to be a celebrity (ie Wesley Snipes).
Answer: Sure. . . .don't file a tax return. […]

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26
Sep

Yes, you're correct. The information you need is at the link below. The figure given is the amount for one year, so divide it by 52.
Answer: I do wish you good luck ! All the best. […]

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26
Sep

of form I have the ability to sign whereby I’m released from doing so? I want to designate what I am willing to contribute to. 2% here, 2% there, etc. But I am not willing to pay my taxes blind folded throwing a weighted dart at a weight balloon. Years ago there was some kind […]

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26
Sep

I have recently started a restaurant business and want to know would it be better to put myself on the payroll and take a salary of state £1000 per month or take a dividend of say £10,000 at the end of the tax year? Or can I do both? Would would be superior? Please advise.
Answer: […]

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26
Sep

It seems like a simple question, I know. But what exactly does it mean? Was I covered? In what sense? Was I collecting money from it? Or was I contributing to it, but not able to touch it? Anyone know?
Answer: Does your employer offer a retirement plan that you are eligible to participate in? […]

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