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I am a single mom considered low income wanting to buy a house......?

You can go to the Catalog of Federal Domestic Assistance (CFDA) ...

Need to borrow 2,000 before christmas can i get it from my federal income tax?

Then tell him you will reward him later when you do have the money. Tell him why, especially since he is a bright child, and that deferring pleasure for a short time might hurt a little now, but t...

What are the best ways to improve your credit score on a fixed income?

Do not pay off quickly anything. Having a revolving credit line out there, however small keeps your credit improving and getting a better score. To improve and maintain credit you need to: 1...

I will be 55 soon. Is it too early to think about low income senior housing? I live in Chicago.?

Well, you may not really be looking for necessarily low income senior housing. There are lots of housing opportunities, called tax credit housing, where they are an in between stage. It's fo...

How come some big businesses can survive years of heavy loss in income (negative profit) ?

There are several reasons. First of all, large corporations have a lot of stored wealth in their assets and can afford to lose money in operations with little impact. Another thing you have t...

Are there any government programs available for someone with $1900 monthly income and no dependents?

Have them call a realtor. They tend to at least have the numbers of lenders who can help your friend buy a home.

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I received 1099-misc for a reimbursement. It definitely was not income!?

You need to do a nominee 1099-Misc to the person you paid. That will show that you paid someone else. You can then report the 1099-Misc on a schedule C and then subtract the 2nd 1099-Misc as cont...

How do i buy a home with such a low income?

In order to borrow enough money to buy a house, you have to be able to show the lender that you can repay the loan. That means you need to be able to demonstrate that your budget allows for a h...

Investing, how do you invest for retirement on a limited income?

Hard to say.....first, we need to know how near retirement you are and how limited we are talking here. If you have a long time until retirement and very limited money ($50 to $100 a month) I woul...

Can I get my VA Loan to buy a house while I am in Law School and have no income?

Well beening a veteran should help, you in some cases, you are first time home buyer, will get in the door but some lenders look for cerlateral, but try a good investment banker and see what option...

Can we deduct an IRA cotribution for a non-working spouse not covered by Company Plan,regardless of Income ?

Yes. As long as the spouse invested in a traditional IRA and not a Roth IRA and is not covered by any other retirement plan, you can deduct the amount up to 4,000. 5,000 for those age 50 and above...

If someone owns a company but hasn't filled 06 tax return yet, how do you verify thier income?

Absent his tax return, only a full audit of the company records can be used to verify income. However, what you are not understanding here is that every one of the expenses you are claiming he inc...

If I take money out of my trust, then pay back monthly, does the IRS tax the 'income'?

It sounds like you are describing a loan from the trust. If that is the case, loans are neither income nor taxable. As others have said, depending on how the trust was structured, you may or may ...

What's the best way to invest money, while at the same time optimally sheltering your income from taxes?

Your 401k and IRA are both designed for tax sheltered investing. Currently you can invest up to approximately $20,000 using both of these vehicles. After that your options become very limited Tax f...

If I make profit in trading in equities will that profit be taxed as business income or short term capital gai

See that depends on nature of your equity trading. As you yourself describe purchase and sale in shares as TRADING, Income tax department shall take it as Business Income and tax @33% shall be char...

I need help in paying my water bill, am disabled and on a fixed income. Am in Wasco, Co. Any1 kno where to go?

I know that the Salvation Army helps with some utilities, you might want to give your local office a call.

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What is Pan no,as I am from north east India and exempted from Income tax do I still need Pan no to invest?

I agree with "srirama c". Please appreciate that having PAN do not create any liability on your end to either PAY Taxes or to file your return. Though for filing ITR, PAN is compulsor...

Do I pay taxes on money I borrowed for a S-corporation?

Proceeds from a loan are not taxable.

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I'm planing to invest in mutual funds & dont knw anyting bout it. can anyone guide me considring tax & returns

Best to get a No Load Index Fund. Example: Vanguard S&P 500 Index Fund

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How to get clothes donations for thrift store?

I would put out flyers in yout town locally, an ad in the newsppaer. People will eventually respond. You could place ad at local places like libabry, stores. You can jst ask a few close friends ...

Would you vote for me to be President if would do this with Ex Orders until both houses give in no excuses?

YES!

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Trade short term mutual funds instead of stocks and options?

If you want to do this, & if you can find mutual funds that will let you WHY NOT?? However if your maket timing skills are so great, I tend to wonder why you are not doing this already with ET...

If actual $ (as displayed on a 1099-R) is not received but turned into a new account, is it taxable income?

I would need a lot more information (and to do some research) before answering your question in full, but one thing you should check is the box labeled 2a (on your 1099-R) - Taxable amount. If the...

Withhold tax exemptions from oil companies ?

Getting specific..........WHAT tax exemptions do oil companies receive that other businesses (movie studios, auto makers, Boeing, etc.) do not receive? If none, why single them out? Because they ar...

Quiting job to go back to college/uni at 30 years old?

The road ahead will be tough one, but if your determined, it is possible to achieve your ambition. I did a 4 year teaching degree at the age of 31, and I have to be honest, there was little supp...

What is the tax law regarding private company dividend to a superfund in pension phase?

That is an interesting one. I have never come across this in my files. An private company dividend can be considered a special income of the fund and therefore taxed at the highest marginal. But ...

Is it legal for an employer to only match 401k contributions for select employees?

You need to look into your 401k Summary of Plan , normally you get this when you first sign up for the 401k or ask your HR/Payroll department. Some employers offer matching up to a certain percent...

Gite complex in france generating 拢35k a year in rent, property valued at 拢500k how should I best sell them?

It's worth whatever you think it's worth! Sell it through Ebay auction (and don't say I told you but, apparently, some people get their mates to bid in an attempt to raise its value)...

Allocation of my 401k Plan?

All of those are decent funds. If it were me, I would use all 8 of them. If I had those choices, this is what I would do: (Your age and time until retirement should be considered). INVESCO St...

In mutual funds so "variable" rates and "floating" rates mean the same thing?

Floating Rate refers to a fund which holds debt securities that have a floating, or variable, interest rate. It may hold variable rate mortgages or it may hold corporate bonds or more probably a m...

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