| Income Fund |
| My mutal fund had capital gains distribution in 2005. Do I include that in my 2005 tax return? |
You're correct. Presumably you received a 1099-DIV with $8000 (or whatever) in the cap gains distribution. You would need to include that amount in your return. When you sell the shares, th... |
| What is the defination of Non- Resident Indian as per Indian Income Tax Act.? |
Hello,I was in US in year 2005 for about 4 months. I was employed by an Indian company in US where I was paid salary in US$ on which I was paying income tax to US govt. Some 10% of the salary which... |
| 403(b) retirement fund; how much to invest? |
First of all, if you feel like your job is solid, I would only slowly increase the emergency fund. If your job was commission based, the $7500-15,000 may be necessary due to the potential ebbs in ... |
| Emergency fund - how much to save? |
Money Market Fund is fine!
It sounds like you have caught Dave Ramsey Fever!
Great job on getting rid of your credit card debt!
Because you have cyclical/seasonal/irregular/unpredictabl...... |
| Can I get donations to fund a scholarship and then after enough interest is earned return the principle? |
Dave, your principles bear no interest for me ;-)
Getting back to the question, an interest-free loan to charity is not deductible. There are a number of reasons for this, but just suppose your... |
| Income tax on CDs? |
Yes, you have to report the interest income that you earn on a CD, and pay income tax on it. You should receive a statement from the bank telling you the amount, as long as you earned over $10.
... |
| Tax deduction fund??? |
An IRA (Individual Retirement Account) but there are many rules, you need to see a tax specialist to make sure. ... |
| Do I have to pay tax in UK for a fund in Luxembourg? |
Yes, you do. As a UK resident, you are liable to tax on your worldwide income with credit given for any overseas tax paid. ... |
| Which is the better option; deduct stock loss from income or create cap gain to offset? |
Excellent question that is sure to get a wide variety of answers.
Personally, I'd take the loss and use the $3000 against other income. This will lower your AGI and your taxable income...b... |
| Tax deducted mutual fund? |
The mere purchasing of a mutual fund or any other fund will not lower your taxable income and thereby lower your tax liability. However, contributions to tax-deferred plans like IRAs and 401(k) lo... |
| Best Fixed Income Choice? |
Munis of course are free from federal and even state taxes if they are chosen properly. Of course at this period in time fixed income investments are not paying a great deal. In fact they are not... |
| How do you say "Trust Fund" in Spanish? |
I think 'Fideicomiso' is the word you are looking for. ... |
| Tax Shelther a Short Term Mutual Fund account? |
You are correct. Dividends are taxed whether they are reinvested or withdrawn.
A municipal bond fund pays dividends that are exempt from Federal tax and MAY be exempt from state tax depending a... |
| Regarding moving from the Hartford floating rate mutual fund to the Hartford strategic fund..? |
Janet, do yourself a favor, get out of those funds.......buy the book "The Successful Investor", familiarize yourself with morningstar.com fund screener(free), get an online brokerage acc... |
| I have money in a trust fund. How can I prove that to a landlord? More details follow...? |
Live in the college dorm and pay for it with student loans.
You don't need an apartment so you can cause trouble.
Good luck ... |
| How are mutual fund beneficiaries taxed? |
since it was never taxed, it will be upon distribution, but you won't have to pay any of the penalties. ... |
| Advise me Income Tax Sec. correct or not. Tax free Dividend-10(34), Tax Free shares LTCG-10(38), Units LTCG-11 |
1)
a) Share of Profit from Partnership company. sec.10(2a) ?
Correct. Share of profit from a partnership firm is exempt u/s 10(2A)
b) Transaction Tax paid Short term capital gains Sec.1... |
| My fixed CTC is INR 350000 p.a. from January2008, Please tell me the probable income tax I will have to bear.? |
gross salary ==============350000
OR CALCULATE BY MULTIPLY 12 TO MONTHLY SALARY
I HAVE TAKEN 3.5 FOR EASY CALCULATION,
less hra(least of following)
1.hra received=4860
2.(rent paid -10% of s... |
| Does anyone know of a good stock or fund for a beginning investor? |
I have the impression you're a responsible and thoughtful person who's opening the investment chapter of his or her lifetime. This can be a long and fascinating venture, one that will ev... |
| Do Canadians pay 75% Income Tax? |
The top tiered income tax rates in Canada are only in the high 40%s. (this is combined Fed + Provincial) ... |
| When is the tax basis set for a mutual fund received as a gift? |
IRS publication 551, page 8.
It depends. But the basic rule is the the person receiving the gift received it WITH all the built in capital gains.
Property Received as a Gift
To figure the b... |
| NRI.Besides Salary income also have short term capital gain.Tax liability, forms and challans for e remittance |
Trade is diffarent and short term capital gains are diffarent. You can treat your short term capital gains as trade stating that you are doing shares business and not investment in shares. If you t... |
| Has anyone done a successful fund drive for a big nonprofit project? |
Depending upon how you go about this, it is important to be mindful of potential legal issues. If claims are made about tax deductibility, you need to be registered as such. And if such claims ar... |
| If I surrender my units of Mutual fund after a year what about tax and other deductions? |
If it is a equity linked fund (i.e more then 60% in equity ) the long term tax (>1 year) is 0% currently but if is a debt fund you will have to pay long term tax. stt does not apply for MF as i ... |
| I am on Social Sec, had to Draw $13,000.00 from my mutual fund. Will this affect my Social Security payments?? |
Hi again, Stef. The $13,000 is not income per se. The interest you made on the principle (the original amount you deposited into the fund) is income. I do not know what you re doing with the divide... |
| How do you invest your money to receive 80% of your current income at retirement if you are 30 years old? |
Michael - he's not asking about 80% returns, he's looking to keep earning 80% of his current income (40,000) from his retirement fund
- It amazes me people think they need to maintain ... |
| Kindly give me the rate of tax applicable to my income.? |
Clarify
1. Your Gender.
2. Your age.
3.Residential Status
4.Income for which Assessment year
In your case
Total income from House property is 240000
less muncipal taxes {MT}(if any paid by ... |
| What would happen in the scenario of a no income stated mortgage? |
i think you should write to my address as shown on my profile page, being more specific, because:
based on the scenario you provided, if you cash in your mutual fund and buy a house for 20k, y... |
| Do I have to claim inheritance as Income on my taxes? |
if the amount is under 2 million you don't have to claim that.
But remember that the your basis for the investment is on the transfer date, which is the day of death. lets say if the value of... |
| I am looking for an attorney to sue the state fund insurance company, on civil rights ,and on the ADA.? |
Any local ambulance chaser should be happy to do that for you, on a contingency basis - they'll take 40% of the settlement.
If you can't find a local attorney to take it on contingen... |
| Page:6 Previous-2-3-4-5-6-7-8-9-10-11-12-13-14-15-16-17-18-19-20-21-22-23-24-25-Next |
