| Income Fund |
| Income tax and claiming property taxes. Does anyone know? |
Property taxes and interest on mortgages are 100% deduductible in the US.
HOWEVER, if they are less than the "standard deduction" it would not make sense for you to itemize as you woul... |
| What is a good mutual funds to invest in for a large long term income? |
Open an account with Fidelity Investment. There are a lot of choices. You can read about them. I would diversify and invest in mutual fund with Morning Star rating 4 to 5 stars. I like Dow inde... |
| Is there such a thing as low income down payment assistance to get a house if u need it? |
It depends where you live, I live in texas and know of a program that the YWCA offers: The YWCA believes that we can create a community where all women and children have a safe place to live. Many... |
| How about people with only UNEARNED income from interest and investments who paid in $15000+ in federal Tax?? |
I agree that this seems to fall under "double taxation", but you are not paying taxes on you initial (taxed) investment, ONLY on interest and dividends that you received FROM the investme... |
| Tax liability on income by way of sale of idbi 96 tax nit mutual funds? |
If this is the only income from MF units held for three years at least, and if it is below Rs. 1 lac., no return need be filed and no tax is payable.
If this is coupled with other income and exc... |
| Can anyone help me regarding income tax fallen on us by selling shares..?? |
you have to pay tax on 90 rupees if your tax laws are the same as the US but it is a long term gain and the tax rate should be lower. ... |
| Can I earn supplemental income through investing? |
If by a few thousand you mean $3000, then realistically you should not expect to make any more then the long term average return of the stock market which is about 10%. This means $300 per year, n... |
| What's a comfortable income? |
You can figure this out yourself. It's called a spending plan (or budget) and you really need to have one.
First list your income (including child support only IF it's coming in regul... |
| Will taking money out of my mutual fund push me into the next tax bracket? |
It might, but you'd only pay the higher percent on whatever was over the limit for the bracket. And if the gain is long-term (you had it over a year) then it would be taxed at a lower rate th... |
| Simple Trust: Are dividends and capital gains taxed as ordinary income? |
Michael, I had the same question with respect to form 1040, and the answer is beyond Schedule D. The IRS downloadable forms now download the form separately from the instructions. You are correct... |
| Lowering taxable income? |
Hi. Go into business. You really need to lower your income. Right now, you are giving all of your wages to the government by October, November or December. The first 5,000,000 is NOT subject t... |
| Kindly confirm me the way to file income tax return for 2006-07 in the new annexure-less form ITR-2.? |
ok
short term gain has to be calculated separetely - what info u have got is right
short term gain- any sale happening within one yr of purchase - tax liability flat 10%.
tax bracket is no... |
| Should I witdraw funds from an IRA to pay off charge card debt? I owe 14000. My income is 12000.? |
i would not do it. I know it sounds like a good idea, but after all of teh penalty and taxes, you would loose alot of money and then not have it in your ira. I would try to consolodate the debt a... |
| I lost 10 grand of escrow funds due to cancelling a home purchase contract. Can I claim on income tax, HELP?!! |
If you can prove your bipolar condition, that may be enough to prove you were not of sound mind.
I agree with the post that you should talk to an attorney immediately. ... |
| Can the funds arising out of a personal injury lawsuit injury lawsuit be considered income for child support? |
If the non custodial parent is past due in his obligations then yes--child support can tap the settlement to pay off the arrearages. However if the payer is current this would not be considered i... |
| Is money from a 401k withdrawl counted as income on the 1040? |
Yes, it's taxable.
Put the amount of the gross distribution on lines 16a and 16b on your Form 1040 return.
The 10% penalty goes on line 60. If you're claiming an exception to the p... |
| Is there any government programs so a low-income disabled person with a 425 credit score can buy a house? |
please contact me
cmmckim@yahoo.com ... |
| Recovery of Capital Gains Tax from Partners where the Firm has fund shortage? |
Partnerships (the old version, not LLPs) have a special legal status that makes them suck really bad:
"joint and severally liable"
That's a special legal status. It means that... |
| Withdrawals by the owner are reported on the income statement.? |
withdrawls of funds by the owner for personal use are not considered business expenses. The owner should have an account listed as drawings ( all personal withdrawls are posted here) so it is false... |
| How do Banks become rich what do you think of them ripping off civilians i.e. tax payers/low income families? |
they charge high interest charges ... |
| A person recieved money from a lawsuit, is there any investments you can use to keep from paying income taxes? |
only way is to use the money to top off ira's!!! ... |
| I need names of mutual funds in which I can invest for tax benefits (as per indian income tax law) ? |
some of the best mutual funds have been
1) SBI Magnum Tax Gain
2) HDFC Tax Plan
3) HDFC Long Term Plan
4) Sundaram BNP Paribas Taxsaver
The returns are based on investment patterns so ple... |
| How much taxes do I pay living in Long Island, NY if my gross income is $150,000? |
Quit your whining. Move to Canada. No, never mind that move to Cuba, I like Canada and wouldn't want to do that to them.
If you make that much you really, really need to travel to Mexico ... |
| Which retirement program should I choose? |
You should put 100% in Long SAF.
Why? Because risk & return are invariably inversely related, and since you are only 22, you have 35-40 years before you "need" to become a conserva... |
| Can I claim my student loans as income on my taxes? I had no job and lived soley on these funds.? |
You cannot claim them as income...nor would you want to...that would cost you money. If you lived soley on these funds with no income you actually do not have to file taxes at all. If you have inco... |
| Being a "go getter"I am a single 28 yr old first time home owner, no debt ,Pharma sales rep90k annual income. |
Standard investment advice is that you should invest in a diversified mix of stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks as individual stocks are too ri... |
| 401K Investments? |
You should learn more. The LA Times has an excellent introductory site to money and investing called the Money Library (free registration required). Until then, you would probably best be served ... |
| I have heard that our economy could go into a recession? |
If this is your 401k, then keep buying. You are getting more for your money right now. When we get back to a bull market, the values on the bargains you get now are going to soar. It sounds like... |
| 401K Sign Up? |
My recommendation assumes you are rather young (under 40) and that your 401K does not charge load fees.
I would allocate my money as follows.
75% Growth Fund of America
25% EuroPacific Growth F... |
| Just started my 401k where can i start a porfolio of all my choices? |
go to the MFEA.COM that site gives you free morningstar infomation so you can figure out what you want to invest in from your choices you have in your 401K. Most places you do your own investments.... |
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