| tax accounting |
| How should I account for the dividend paid in the options I sold for tax purposes? |
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You have to account that as gains.
Why don't you get an accountant, this is serious stuff you sould't let it in our hands!...... |
| Do I have to pay tax on the original cash I deposit into a stock trading account? |
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It is assumed that the $1000 you initially used to open the account was taxed prior to coming into your possesion. That being said you movin...... |
| My Father-in-law passed away recently, he left us his accounts and house in the will, is there a tax on these? |
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If the total net estate is over $1 million, excluding anything left to charity or a spouse, then there are estate taxes to pay. You never pa...... |
| I am working as account officer donot know how to file the return of income tax of a salaried individual? |
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If you are working as AO, you should know tax rules. If you are in India just log on ...... |
| How much Money(Tax Payers Dollars) that went to rebuilding Iraq is missing, and not accounted for.? |
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I understand it is in the multi-millions and I know it is off topic but whatever happend to the hundreds of Americans millions found in the ...... |
| If I started a ministry and got a 501c3 to be tax free, could I then give money from my bank account to the mi |
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As long as you don't draw from the bank account for your personal expenses, I'm pretty sure it would be deductible. If you plan to d...... |
| Tax help. If you have mutual funds and you transfer or sell from one account to another, do you have to claim |
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becareful to move funds between account. Usually ENTRY is free, but EXIT is cost a lot. Check on the booklet, as this is charge as percentag...... |
| How much tax is paid from the interest earned on money market account? |
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At most, 35% goes to federal taxes, and that's only if you're in the highest tax bracket which few people are, most people's bra...... |
| Does anybody know if you take money out of an IRA account how much you get penalized in your tax's? |
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It depends on your age and the reason for taking the money out, there is a penalty of 10% applied by IRS not usre if your state has a penalt...... |
| Tax question: how to report lump sum payment from foreign retirement account? |
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The U.S. and Japan have a treaty that states that income can not be double taxed by both countries. Check out www.irs.gov for more informati...... |
| Is it wise to have an impound account included in your mortgage to pay for property tax and hazard insurance? |
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Absolutely. WIll you realistically set aside thousands so that you'll have it for tax time? What about $600+ for home owner's insura...... |
| I would like to open a Savings account for my 3 month old Son. Are their tax implications on interest earned? |
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Regardless of age, if your total income is less than $800, you owe no federal income tax and do not have to file a tax return (I'm assum...... |
| How much tax should you pay if somebody sends 50,000 to your account in the u.s from canada? |
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Tax treatment of the $50k varies on a number of things, like
Are you an US citizen or legal alien? Is the money a gift, loan or something ...... |
| When filing tax, do we need to give out the information of saving account? |
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You'll need to show the interest, and if your total interest is over $1500 (yours, plus your husband's, plus any joint accounts) you...... |
| How much tax should you pay if somebody sends 50,000 to your account in the u.s from canada? |
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It all depends on your yearly income. This link may help...
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| We inherited an investment account & sold off part - how do we handle that for tax purposes? |
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You have a sale of capital assets and will use Schedule D.
The basis of the asset is the market value of the asset when you inherited t...... |
| Would retirement accounts be necessary if the US went to an only "Sales Tax"? |
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Yes. The reason that we'd still need the retirement accounts is because the US population is too used to the income based taxes -- also...... |
| Where Do You Cash An INCOME TAX return if you don't have a Banking Account?? |
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Grocery stores will do it....... |
| Has anyone ever requested that their income tax refund be direct deposited into someone elses bank account? |
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Yes it should be fine. Though you may be contacted to verify that it is really you asking that the money be deposited there and not someone...... |
| Explain tax obligation between qualified and non-qualified dividends on stock account...? |
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Go to Bankrate.com and read the breakdown of it. This site will help you make Optimum decisions. I send all of my clients there and they lov...... |
| Council tax ,Im on benifits but they keep freezing my bank account? |
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i'm not sure you have all the correct info. Coucil Tax can not freeze your bank acct they can request the direct debit and if there is n...... |
| How do you account for stock options issued by an employer for tax purposes? |
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You have no tax consequence on most normal stock options (highly compensated executives are a different story) until you exercise them.
I...... |
| Council tax ,Im on benifits but they keep freezing my bank account? |
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If you are on benefits then your council tax should be paid direct to the council.
If your other benefits are paid into your bank account...... |
| Has anyone ever requested that their income tax refund be direct deposited into someone elses bank account? |
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It will not go though. The IRS will verify that the name on the account matches exactly the name on the tax return. If you are filing a jo...... |
| Can a LLC invest some income in tax free municipal fund instead of interest bearing checking account? |
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Yes, unless the membership agreement says it can not invest otherwise or there is any other investment directives that the members have agr...... |
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