During the current year Tina purchase a beachfront condomium for $600,000,paying 150,000 down and taking out a $450,000 mortgage,secured by the property.At the time of purchase the outstanding mortgage on her principle residence is 700,000.This debt is secured by the residence and the fair market value of the principle residence is 1,400,000.She bought the principle […]
i was recently on a navy base where they dont tax cigarettes. I forget the exact price, but i know it was really cheap… the $3 to $4 ballpark.
Answer: Actually, it's a little over a dollar before any taxes or retail profit is tacked on. Military bases charge prices based upon the off-base price […]
is there a way to do my say and federal taxes online for free?
Answer: You can go to irs.gov and click on free efile.Try the link below.
http://www.irs.gov/efile/article/0,,id=1…
Christine EA Master Tax Advisor
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the […]
For four months last year I worked from a Cleaning company that unfortunately went out of business before the year ended, should I still receive a T4 from this company? If not, what do I do in order to file my taxes?
Answer: They may mail you a T4, but it is unlikely. If you […]
how can i maximize return for the best price? is quicktax just as good as H&R block? i have to file two T4's and claim a home buyers plan.
Answer: Any approved tax preparation software will accomplish the same result. In addition, they all have “interview” processes that can help you identify tax credits […]
We were shopping here in Washington and a few places told him no, because his ID was expired, but he has a military ID. Can't he still use his old ID? or no?
Answer: Whether his DL remains valid is up to his say of residence. Many states automatically extend the validity of a DL […]
i belive someone is using my ssn i want to put a block on it or apassword or what ever it takes to try and stop them i need to now how to do that
Answer: You can’t put a block on your social security number itself. You can put a block on your credit report. […]
Hi,
This is my first year of college and Im not really sure about all of the tax issues that go along with tuition.
I live off campus by myself, I claimed 1 (myself) on all of my W2's so my parents were not able to claim me.
I only made 2500$ at my part time job this […]
So my husband just sent me an email from work, inquiring me that the IRS took our tax money to put towards some debts.
So we’re not getting our tax money back!
We have been having debts, but this year they decide to take it from us, and put it towards debts. Are they granted to […]
What’s the formula for basis for a rental for irs purposes?
Is it original price of home minus land plus improvments?? pls be detailed. thanks
Answer: You’re correct