I know that a lot of tax is fiddled out of the exchequer by dodgy practices: people claiming to be subcontractors when they are actually employees, overclaiming of expenses, personal use of company assets, cash-in-hand payments, use of off-shore accounts etc. There must be an estimate of the total lost this way. How much is […]
I am young and I want to begin investing in the stock market, but I want to put it in a place where I do not have to pay taxes. I see that my grandparents have to pull their stock and they’re paying capital gains. It is approximatly 50% of what they pull […]
I’ve a c corp that owns stock of other c corps. How are the dividends tax that my c corp receives. Do I get a break because they have already been taxed once?
Thanks
Answer: Unlike individuals who pay tax on dividends received, your C-corporation does get a break from dividends received from other C-corporations. […]
You should pay @ least 11% of your gross….so that would be about $90.00 a month
Answer: Whatever gives you the idea that you don't pay taxes on earned income? Nothing could be further from the truth! I won't waste my time clicking on your link. If it's to some film that claims […]
Did you?
When?
I havent received mine and was wondering if I was the only one.
Answer: I received mine this day in the mail. I live in Texarkana,Texas, and it came from Austin, Texas, so it was a short trip. You can estimate the postal shipping time by seeing where your letter was sent from […]
I want to purchase an iMac on the web, from apple in California, U-S. But I live in Canada.
How much do I’ve to pay for tax?
In Canada it's 13% of the total price, but I don't know how much it is in the U-S.
Do I even have to pay tax because i'm ordering […]
We bought at the top of the real estate market and are forced to sell a little over 2 years later.
Does anyone know if the IRS will grant a “Capital Loss” deduction since the appraised value (and ultimate sale price) will be down by over 20% in NY?
Thank you.
Answer: From IRS Publication 523: “Loss on […]
a friend just stated to my i'm not gone receive the tax credit and the children money. What can i do now.
Answer: FILE your return ASAP
Pay any penalties, if you owe taxes, but if you get refund, no problem, but do it ASAP
Answer: Your friend is right, most of the governments free money to lazy […]
Do you need the card or is it ok if you just know the number?
if you need the card..how can i get a replacement?
thanks x
Answer: You just need to know the number
Answer: Because I'm old, I never had a card anyway. You don't need the card if you know your number, and if lost, you […]
I know this might sound like a stupid question, but my fiance and I just purchased a condo, and we recently read that property taxes are due this month. (July)
If we just purchased the home in June, are we responsible for the tax payment that is due, or is it only if we actually […]