| Income Fund |
| Are my S-corp Distributions supposed to be taxed on my personal tax return? |
Amounts on line 16 of the K1 would be
A tax exempt interest income
B other tax exempt income
C nondeductible expenses
D property distributions
E repayment of loans from shareholders
look a... |
| When will NSW receive its fair share of NSW raised GST Revenue and stop funding the other States in Australia? |
Many tax policy experts agree that the basis upon which GST is distributed between the States is inequitable. It's no secret that the federal government wishes to ultimately do away with the S... |
| Self employed tax Q for state employee with no Social security deduction?? |
You would owe self employment tax on the entire $50 K. There is no limit on the Medicare tax portion. ... |
| How useful is deferrred compensation? |
It depends on a number of factors.
1) The longer time frame, the more it makes sense to defer the income. Compound "interest" or earnings is a powerful tool. If you pay taxes up fr... |
| Raw land is being sold to me for a VERY VERY CHEAP Price. 16.06 acre raw land. Should I buy? |
What you can't see this is a scam.
WOW ... |
| Tax impact on Fees to Start a Business? |
Loan the money to the corporation and document it with a simple promissory note. You can find one online by searching for "free promissory note". Then record in the corporate minutes a b... |
| On California taxes are capital gains taxed at a special rate like federal taxes, or are they taxed the same? |
CA does not have a special tax rate for capital gains. They are taxed the same as other income. You do not have to fill out a tax worksheet.
You don't need to fill out CA Schedule D unles... |
| Is using an immediate annuity and investing in mutual funds the best of both worlds for an early retirement? |
It seems to me that you are reasoning quite well. I recommend ensuring that your annuity be of the index linked type, or one which rises annually otherwise your real income will be falling. Shop a... |
| Where do you get money to start a village level micro finance service? |
I take it you are not within the US. Here are some places where you may be able to find financing for your microfinance project:
1. Start with any Grameen Bank type of institutions in your count... |
| I need a software program for a club treasurer to track the accounts & membership dues.? |
I think that a spreadsheet program such as MS Excel should be more than sufficient to track the information you need tracking.
Depending on how large the organization - will depend on the type... |
| My boyfriend is money obsessed? |
So, you both make about 48k/year and are doing relatively well at it. Congratulations. Your boyfriend is right, but you should get married if you're planning on purchasing a house together. ... |
| Can i Claim my mother as a dependent.? |
The retirement money is taxable.
But i believe you can still claim her as an independent if she is living with you and you can show proff that you are responsible for her.
The tax breaks for her... |
| Do the Rebublicians want to take your Social Security ? |
Social Security is such an enormous fraud, the human mind cannot take it in. There never was any "trust fund". The international bankers got our money system in Dec, 1913. It is incred... |
| What's the deduction on a $10,000.00 donation? |
charitable donations are an itemized deduction
See Schedule A to form 1040
you'll need more than just that to itemize, and mortgage interest, property taxes, and state income taxes may b... |
| You have a million dollars. No job, what would you do? |
I would put half of it into something that has guaranteed returns like a savings account, which would be a minimum of 5% these days (and probably going up in years to come).
So that's $25k ... |
| How do I get a grant/funding to start a small business.? |
type in your address bar this link
http://www. cashcrate .com/497990
type with no spaces ... |
| What should I do about a business partner who allows his wife to steal from checking account? |
Your ex-business partner was committing felony embezzlement. Keep the financial records and every single piece of evidence you can find that shows fraudulent activity (including printouts of alter... |
| What are wholesale funds? |
Wholesale funds are managed investment vehicles which pool investors鈥?funds and are invested in specific asset classes such as cash, fixed interest and Australian shares. ... |
| At what age do most people begin saving for retirement? |
You're ahead of the average... unfortunately many people wait entirely too long to save for retirement. When I was in the brokerage business, it was not unusual to come across someone fifty o... |
| I may have worded my q wrong,my brothers and childern inherited my moms estate i was omitted? |
So you already got your share it sounds like.
Your brothers don't trust you, obviously, to lend you any money. They know you probably won't pay them back.
It is a sad thing when fa... |
| Can I deduct capital gains distributions in my IRA? |
You don't claim this amount if it's in an IRA - growth is tax sheltered until you withdraw the money, then it's treated as ordinary income.
You are correct that if the mutual fund... |
| What is the impact of joint holdings of Fixed deposits and Bank accounts etc? |
I don't think so, because as you said, your wife became joint "to facilitate giving instructions to the bank". But to be sure, go to the bank and ask.
But I feel, that because she ... |
| Whats a good way to save for a downpayment? |
I strongly suggest you to suggest your girl to get a job.
If she is not a College Graduate then she really should go back to school.
Banks don't like couples with only one source of inco... |
| Should I file a return for my child who earned less than $5000 for the benefit from economic stimulus plan? |
As you stated she is not required to file a return. Since she had no federal income tax taken out of her wages there is no need for her to. I assume that you are claiming your child as a dependen... |
| I collect rent from property in Mexico, do I report that on my 1040? |
You must include all income on your 1040.
If the bank accounts have more than $10K in them, you also need to file form TDF 90-22.1 each year.
The rules are the similar--just not section 179 dep... |
| I"m an Indian and have a very low in come. I want to know about Mutual Funds, Shares. I'm dont know ABCD of it |
[ I'm 62 year old with 40 years experience as investor - I have seen may falls than raise - because I change strategies quickly I have not lost any money - - please be rest assured I will not ... |
| Indian IT query:- Can I claim refund for TDS on Sale of shares? |
An NRI has to pay tax on income earned and accrued in India as applicable as per Income Tax law.
U may file your return for claiming refund of the TDS with the jurisdiction ITO and any of your a... |
| Can I afford to buy a camper and a truck? |
Buy a cabin or a condo somewhere you like to vacation . It will not depreciate like a camper and truck will . At the end of 10 years you will have next to zero resale value . That is really a dumb ... |
| Car lease question help? |
a little not much they but having a job may be a hang up = good choise on the honda accord!!! ... |
| When does SBBT recognize deposits from the IRS? |
And you will save a lot of money. SBB&T has a bad reputation as evidenced by some of the comments on this board.
Just do FreetaxUSA, Free1040now, or Taxact on line. Some states do not have f... |
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